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Bank Forward

Fargo, ND · Cert 8941 · Bk Forward Employee STK Ownership PLAN&TR

State charter, non-member · FDIC · 12 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

21

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

58

Q2 2024Q2 2026peer median (50)

Liquidity

38

Q2 2024Q2 2026peer median

Efficiency

28

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank Forward

Fargo, ND · Cert 8941 · Bk Forward Employee STK Ownership PLAN&TR

State charter, non-member · FDIC · 12 branches

Q2 2026

$1.1BAssets
$900.7MLoans
$935.4MDeposits
$118.9MEquity
Loan mix
92%RE $633.1M5%C&I $31.6M3%Consumer $20.1MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $730.0M22%Noninterest $205.4MQ2 2025Q2 2026

NIM

5.16%Q2 ’245.34%Q2 ’255.20%Q2 ’26+13%-1%

Non-interest income vs. expense

3.50%Q2 ’243.72%Q2 ’253.29%Q2 ’26-3%+6%

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 1.0% share · #16 of 32 inst. · $0.1B of $12.9B

18.9% Stutsman
39.7% Barnes
1.2% Cass
34.2% Foster

Executive Summary

  • Earnings: ROA of 1.35%, down 7 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.67% of loans (+33 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.17%, down 77 bps from a year ago.
  • Funding: loans stand at 96.30% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.35%-7 bps YoY

Net Interest Margin (YTD, annualized)

3.37%-3 bps YoY

Efficiency Ratio (YTD, annualized)

65.80%-114 bps YoY

Tier 1 Leverage Ratio

10.17%-77 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.42%1.47%1.37%1.39%1.35%-7 bps
Return on Equity13.18%13.44%12.63%12.97%12.71%-46 bps
Net Interest Margin3.40%3.41%3.36%3.26%3.37%-3 bps
Efficiency Ratio66.94%65.90%67.97%66.35%65.80%-114 bps
Non-Interest Burden1.56%1.49%1.58%1.56%1.65%+9 bps
Growth
Asset Growth (YoY)2.22%2.28%9.56%11.69%9.47%+725 bps
Loan Growth (YoY)0.49%-0.09%1.42%2.65%6.44%+595 bps
Deposit Growth (YoY)-0.98%-0.35%7.42%11.89%13.47%+1,445 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.66%0.68%0.61%0.67%+33 bps
Net Charge-Offs / Loans-0.01%-0.02%-0.02%0.01%0.00%+1 bps
Allowance / Loans0.66%0.71%0.72%0.70%0.68%+2 bps
Allowance Coverage of NPLs2.0x1.1x1.1x1.1x1.0x-1.0x
Capital
Tier 1 Leverage Ratio10.94%11.05%11.13%10.79%10.17%-77 bps
Total Risk-Based Capital10.94%11.05%11.13%10.79%10.17%-77 bps
Equity / Assets10.98%11.17%10.73%10.71%10.52%-46 bps
Liquidity & Funding
Loans / Deposits102.65%102.03%93.97%88.25%96.30%-636 bps
Liquid Assets / Assets6.46%7.28%12.17%16.56%9.11%+266 bps
CRE / Total Capitaln/a324%311%298%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Bank Forward

Fargo, ND · Cert 8941 · Peer group: banks $1B-$10B in assets (n=322-328) · Bk Forward Employee STK Ownership PLAN&TR

State charter, non-member · FDIC · 12 branches

Q2 2026

$1.1BAssets
$900.7MLoans
$935.4MDeposits
$118.9MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 83% of banks $1B-$10B in assets (rank 56 of 322).
  • Widest gap: total risk-based capital ratio trails 96% of banks $1B-$10B in assets (rank 315 of 328).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.38%

Rank 114 of 328

Net Interest Margin

3.37%

Rank 183 of 328

Efficiency Ratio

65.83%

Rank 237 of 328

Equity / Assets

10.52%

Rank 156 of 328

Non-interest income vs. expense

$18.9M$38.0MINCOMEEXPENSE
Unfavorable gap of $19.1M · efficiency ratio beats 28% of banks $1B-$10B in assets
Bank 65.83%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.38%0.91%1.22%1.52%Beats 65%114 / 328
Return on Equity13.07%8.43%11.45%14.43%Beats 64%118 / 328
Net Interest Margin3.37%3.03%3.45%3.83%Beats 44%183 / 328
Efficiency Ratio65.83%51.61%59.56%67.53%Beats 28%237 / 328
Asset Quality
Nonperforming Loans / Loans0.67%0.24%0.51%1.03%Beats 40%195 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 83%56 / 322
Capital
Tier 1 Capital Ratio10.17%11.75%13.15%15.47%Beats 6%308 / 328
Total Risk-Based Capital Ratio10.17%12.63%14.15%16.46%Beats 4%315 / 328
Equity / Assets10.52%9.15%10.33%12.01%Beats 52%156 / 328
Liquidity & Funding
Loans / Deposits96.30%76.63%87.92%95.36%77th pctl73 / 323
Loans / Assets79.71%65.18%74.15%79.98%74th pctl85 / 328
Brokered Deposits / Depositsn/aNot reported for this institution