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Banknorth

Arthur, ND · Cert 8387 · First Financial Corp.

State charter, non-member · FDIC · 11 branches

Q2 2026

$694.1MAssets
$615.0MLoans
$549.6MDeposits
$77.6MEquity
Loan mix
75%RE $198.0M22%C&I $58.1M4%Consumer $9.4MQ3 2024Q2 2026
Deposit mix
76%Interest-bearing $420.2M24%Noninterest $129.5MQ3 2024Q2 2026

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 1.7% share · #13 of 32 inst. · $0.2B of $12.9B

1.9% Cass
47.2% Ransom
5.2% Brown
47.7% Lamoure

Executive Summary

  • Earnings: ROA of 1.54%, up 18 bps year over year; NIM at 4.68%.
  • Asset quality: problem loans at 0.58% of loans (+31 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.32%, up 7 bps from a year ago.
  • Funding: loans stand at 111.90% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.54%+18 bps YoY

Net Interest Margin (YTD, annualized)

4.68%+3 bps YoY

Efficiency Ratio (YTD, annualized)

54.78%-521 bps YoY

Tier 1 Leverage Ratio

10.32%+7 bps YoY

NIM

6.42%Q2 ’246.50%Q2 ’256.33%Q2 ’26+5%+1%

Non-interest income vs. expense

3.22%Q2 ’242.99%Q2 ’252.77%Q2 ’26-14%-9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.03%1.18%1.20%1.36%1.27%1.35%1.38%1.54%+18 bps
Return on Equity10.57%11.88%11.03%12.40%11.61%12.33%12.32%13.76%+136 bps
Net Interest Margin4.26%4.33%4.61%4.64%4.51%4.31%4.71%4.68%+3 bps
Efficiency Ratio68.26%66.33%66.06%59.99%60.13%59.03%58.82%54.78%-521 bps
Non-Interest Burden2.87%2.86%2.97%2.72%2.65%2.48%2.68%2.47%-25 bps
Growth
Asset Growth (YoY)12.23%11.59%9.05%6.81%10.59%7.40%5.90%6.65%-16 bps
Loan Growth (YoY)14.61%13.99%9.56%7.91%11.79%9.20%8.79%7.89%-2 bps
Deposit Growth (YoY)7.77%11.35%18.45%18.05%15.84%7.88%7.80%9.96%-809 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.29%0.46%0.27%0.32%0.18%0.43%0.58%+31 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.00%0.00%0.07%0.01%0.01%+2 bps
Allowance / Loans1.01%0.97%0.99%1.00%1.06%0.97%1.04%1.05%+5 bps
Allowance Coverage of NPLs6.4x3.4x2.2x3.8x3.3x5.5x2.4x1.8x-1.9x
Capital
Tier 1 Leverage Ratio8.88%9.23%10.19%10.25%10.13%10.00%10.22%10.32%+7 bps
Total Risk-Based Capital10.23%10.83%11.40%11.25%11.00%11.20%11.57%11.51%+26 bps
Equity / Assets9.71%10.51%11.20%11.08%10.87%10.98%11.43%11.18%+10 bps
Liquidity & Funding
Loans / Deposits122.35%108.22%102.55%114.05%118.07%109.55%103.49%111.90%-215 bps
Liquid Assets / Assets0.46%0.98%0.86%0.57%0.63%0.53%0.48%0.47%-10 bps
CRE / Total Capitaln/an/an/an/a72.09%68.01%63.64%n/an/a