Fargo, ND · Cert 8941 · Bk Forward Employee STK Ownership PLAN&TR
State charter, non-member · FDIC · 12 branches
Q2 2026
Market Position · Fargo, ND-MN · 2026 SOD (annual) · 1.0% share · #16 of 32 inst. · $0.1B of $12.9B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.36% | 0.99% | 1.52% | 1.32% | 1.56% | 1.12% | 1.39% | 1.30% | -2 bps | |
| Return on Equity | 13.09% | 9.45% | 14.16% | 12.09% | 14.05% | 10.24% | 12.97% | 12.27% | +18 bps | |
| Net Interest Margin | 3.16% | 3.19% | 3.20% | 3.56% | 3.56% | 3.47% | 3.26% | 3.47% | -9 bps | |
| Efficiency Ratio | 65.81% | 74.89% | 64.33% | 69.71% | 64.01% | 73.85% | 66.35% | 65.23% | -448 bps | |
| Non-Interest Burden | 1.34% | 1.85% | 1.18% | 1.93% | 1.42% | 1.95% | 1.56% | 1.74% | -19 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.20% | 4.56% | 2.52% | 2.22% | 2.28% | 9.56% | 11.69% | 9.47% | +725 bps | |
| Loan Growth (YoY) | 7.44% | 6.97% | 2.46% | 0.49% | -0.09% | 1.42% | 2.65% | 6.44% | +595 bps | |
| Deposit Growth (YoY) | 2.71% | 1.30% | 1.01% | -0.98% | -0.35% | 7.42% | 11.89% | 13.47% | +1,445 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.43% | 0.39% | 0.58% | 0.33% | 0.66% | 0.68% | 0.61% | 0.67% | +33 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.07% | -0.02% | 0.00% | -0.05% | 0.00% | 0.01% | 0.00% | 0 bps | |
| Allowance / Loans | 0.65% | 0.65% | 0.69% | 0.66% | 0.71% | 0.72% | 0.70% | 0.68% | +2 bps | |
| Allowance Coverage of NPLs | 1.5x | 1.7x | 1.2x | 2.0x | 1.1x | 1.1x | 1.1x | 1.0x | -1.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.49% | 10.53% | 10.96% | 10.94% | 11.05% | 11.13% | 10.79% | 10.17% | -77 bps | |
| Total Risk-Based Capital | 10.49% | 10.53% | 10.96% | 10.94% | 11.05% | 11.13% | 10.79% | 10.17% | -77 bps | |
| Equity / Assets | 10.47% | 10.56% | 10.90% | 10.98% | 11.17% | 10.73% | 10.71% | 10.52% | -46 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 101.76% | 99.52% | 96.20% | 102.65% | 102.03% | 93.97% | 88.25% | 96.30% | -636 bps | |
| Liquid Assets / Assets | 5.06% | 5.30% | 9.31% | 6.46% | 7.28% | 12.17% | 16.56% | 9.11% | +266 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 324% | 311% | 298% | n/a | n/a | |