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Stock Growers Bank

Forman, ND · Cert 8942 · Napoleon Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$332.9MAssets
$172.4MLoans
$299.9MDeposits
$29.7MEquity
Loan mix
78%RE $57.5M15%C&I $11.1M7%Consumer $5.2MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $241.8M19%Noninterest $58.1MQ2 2025Q2 2026

NIM

4.24%Q2 ’244.56%Q2 ’254.61%Q2 ’26+16%+9%

Non-interest income vs. expense

1.36%Q2 ’241.45%Q2 ’251.41%Q2 ’26+8%-2%

Executive Summary

  • Earnings: ROA of 1.40%, up 22 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.05% of loans (+2 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.56%, up 42 bps from a year ago.
  • Funding: loans stand at 57.50% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.40%+22 bps YoY

Net Interest Margin (quarter, annualized)

3.08%+25 bps YoY

Efficiency Ratio (quarter, annualized)

41.25%-466 bps YoY

Tier 1 Leverage Ratio

11.56%+42 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.18%1.14%0.67%1.16%1.40%+22 bps
Return on Equity17.70%14.31%7.68%13.72%16.51%-119 bps
Net Interest Margin2.83%2.84%2.81%2.84%3.08%+25 bps
Efficiency Ratio45.91%47.97%63.56%47.71%41.25%-466 bps
Non-Interest Burden1.32%1.38%1.82%1.36%1.29%-3 bps
Growth
Asset Growth (YoY)-0.21%0.08%0.19%2.29%4.50%+472 bps
Loan Growth (YoY)5.31%4.01%1.01%4.76%7.12%+181 bps
Deposit Growth (YoY)-0.43%0.65%-2.33%0.48%3.82%+425 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.59%0.35%0.52%0.05%+2 bps
Net Charge-Offs / Loans0.00%0.04%0.00%-0.01%0.01%+1 bps
Allowance / Loans0.63%0.64%0.69%0.67%0.63%+1 bps
Allowance Coverage of NPLs18.0x1.1x2.0x1.3x12.7x-5.3x
Capital
Tier 1 Leverage Ratio11.13%11.72%11.76%11.11%11.56%+42 bps
Total Risk-Based Capital11.13%11.72%11.76%11.11%11.56%+42 bps
Equity / Assets7.19%8.71%8.84%8.01%8.93%+174 bps
Liquidity & Funding
Loans / Deposits55.72%54.23%52.99%53.73%57.50%+177 bps
Liquid Assets / Assets1.14%2.00%5.50%5.86%2.96%+182 bps
CRE / Total Capitaln/a22.78%21.74%22.01%n/an/a