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Harwood State Bank

Harwood, ND · Cert 9128

FDIC · 1 branch

Q3 2024

Board Package

Performance Trends and Peer Comparison

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

Basis

Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=553 to 600). 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

39

Q2 2024Q3 2024peer median (50)

Asset Quality

22

Q2 2024Q3 2024peer median (50)

Profitability

58

Q2 2024Q3 2024peer median (50)

Liquidity

78

Q2 2024Q3 2024peer median

Efficiency

34

Q2 2024Q3 2024peer 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 2026-10-10

Harwood State Bank

Harwood, ND · Cert 9128

FDIC · 1 branch

Q3 2024

$47.7MAssets
$29.1MLoans
$40.1MDeposits
$6.5MEquity
Loan mix
67%RE $14.0M24%C&I $5.1M9%Consumer $1.8MQ3 2023Q3 2024
Deposit mix
73%Interest-bearing $29.4M27%Noninterest $10.7MQ3 2023Q3 2024

NIM

2.85%Q3 ’221.12%Q3 ’235.97%Q3 ’24-58%+388%

Non-interest income vs. expense

2.10%Q3 ’220.51%Q3 ’233.86%Q3 ’24-76%+678%

Market Position · Fargo, ND-MN · 2024 SOD (annual) · 0.3% share · #24 of 33 inst. · $0.0B of $13.1B

Executive Summary

  • Earnings: ROA of 0.77%, up 26 bps year over year; NIM at 5.09%.
  • Asset quality: problem loans at 2.79% of loans (+279 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 8.52%, down 27 bps from a year ago.
  • Funding: loans stand at 72.50% of deposits as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.77%+26 bps YoY

Net Interest Margin (YTD, annualized)

5.09%+405 bps YoY

Efficiency Ratio (YTD, annualized)

64.09%+1,436 bps YoY

Tier 1 Leverage Ratio

8.52%-27 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.51%0.13%1.12%1.10%0.77%+26 bps
Return on Equity5.26%1.25%8.52%8.19%5.70%+44 bps
Net Interest Margin1.04%2.19%4.99%5.12%5.09%+405 bps
Efficiency Ratio49.72%51.78%56.46%56.08%64.09%+1,436 bps
Non-Interest Burden0.47%1.28%3.17%3.27%3.67%+320 bps
Growth
Asset Growth (YoY)2.29%0.95%-2.69%-2.02%-2.16%-444 bps
Loan Growth (YoY)-5.56%-14.78%-11.21%-12.91%7.40%+1,297 bps
Deposit Growth (YoY)-4.09%-4.68%-8.42%-8.54%-2.99%+110 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%3.02%3.35%2.79%+279 bps
Net Charge-Offs / Loans0.00%0.00%-0.02%0.06%0.03%+2 bps
Allowance / Loans1.06%1.18%1.14%1.18%0.97%-9 bps
Allowance Coverage of NPLsn/a289.0x0.4x0.4x0.3xn/a
Capital
Tier 1 Leverage Ratio8.78%6.24%7.18%8.16%8.52%-27 bps
Total Risk-Based Capital14.12%11.39%11.88%13.18%11.43%-270 bps
Equity / Assets12.85%12.95%13.35%14.21%13.67%+82 bps
Liquidity & Funding
Loans / Deposits65.48%60.08%63.00%62.68%72.50%+702 bps
Liquid Assets / Assets12.33%12.62%10.09%9.41%7.87%-446 bps
CRE / Total Capitaln/an/an/an/an/an/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 2026-10-10

Harwood State Bank

Harwood, ND · Cert 9128 · Peer group: banks under $1B in assets (n=553-600)

FDIC · 1 branch

Q3 2024

$47.7MAssets
$29.1MLoans
$40.1MDeposits
$6.5MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 95% of banks under $1B in assets (rank 28 of 599).
  • Widest gap: nonperforming loans / loans trails 94% of banks under $1B in assets (rank 523 of 553).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.76%

Rank 317 of 600

Net Interest Margin

5.09%

Rank 28 of 599

Efficiency Ratio

78.55%

Rank 396 of 599

Equity / Assets

13.67%

Rank 129 of 599

Non-interest income vs. expense

$0.1M$1.7MINCOMEEXPENSE
Unfavorable gap of $1.6M · efficiency ratio beats 34% of banks under $1B in assets
Bank 78.55%Peer median 71.8%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.76%0.46%0.79%1.24%Beats 47%317 / 600
Return on Equity5.58%4.80%8.06%11.58%Beats 31%414 / 599
Net Interest Margin5.09%2.69%3.18%3.78%Beats 95%28 / 599
Efficiency Ratio78.55%60.70%71.81%83.57%Beats 34%396 / 599
Asset Quality
Nonperforming Loans / Loans2.79%0.07%0.33%0.86%Beats 6%523 / 553
Net Charge-Offs / Loans0.03%0.00%0.02%0.08%Beats 38%343 / 553
Capital
Tier 1 Capital Ratio10.53%11.16%13.46%17.80%Beats 17%499 / 599
Total Risk-Based Capital Ratio11.43%11.63%14.22%18.75%Beats 23%464 / 599
Equity / Assets13.67%8.41%10.03%12.90%Beats 78%129 / 599
Liquidity & Funding
Loans / Deposits72.50%64.78%79.25%91.89%39th pctl343 / 562
Loans / Assets61.02%56.05%67.49%76.84%36th pctl355 / 553
Brokered Deposits / Depositsn/aNot reported for this institution