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Grant County State Bank

Carson, ND · Cert 9417 · Grant County Bcorp Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$46.7MAssets
$27.5MLoans
$40.1MDeposits
$6.6MEquity
Loan mix
95%RE $10.4M3%C&I $0.3M2%Consumer $0.2MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $29.7M26%Noninterest $10.4MQ3 2024Q2 2026

Market Position · Bismarck, ND · 2026 SOD (annual) · 0.2% share · #18 of 18 inst. · $0.0B of $6.9B

20.8% Grant
1.0% Morton

Executive Summary

  • Earnings: ROA of 1.21%, down 51 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.90%, down 39 bps from a year ago.
  • Funding: loans stand at 68.57% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.21%-51 bps YoY

Net Interest Margin (YTD, annualized)

3.97%-52 bps YoY

Efficiency Ratio (YTD, annualized)

61.97%+956 bps YoY

Tier 1 Leverage Ratio

13.90%-39 bps YoY

NIM

7.20%Q2 ’245.74%Q2 ’255.14%Q2 ’26-21%-12%

Non-interest income vs. expense

2.22%Q2 ’242.40%Q2 ’252.50%Q2 ’26+9%+5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.71%2.50%1.57%1.72%1.72%1.49%0.98%1.21%-51 bps
Return on Equity18.10%16.91%11.24%12.06%11.90%10.45%7.28%8.81%-325 bps
Net Interest Margin5.99%5.59%4.43%4.49%4.74%4.49%3.78%3.97%-52 bps
Efficiency Ratio40.41%44.85%54.67%52.42%53.63%59.51%67.33%61.97%+956 bps
Non-Interest Burden2.36%2.42%2.39%2.31%2.50%2.64%2.53%2.43%+12 bps
Growth
Asset Growth (YoY)3.60%2.85%4.35%2.95%1.04%4.74%2.05%6.97%+402 bps
Loan Growth (YoY)4.59%1.40%-17.43%-19.49%-10.25%-15.60%6.12%14.85%+3,435 bps
Deposit Growth (YoY)2.78%3.17%4.81%4.09%1.86%5.42%2.48%7.94%+385 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.02%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.73%0.81%1.03%0.94%0.81%0.96%0.97%0.82%-12 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio16.17%14.44%14.55%14.29%14.75%13.81%13.69%13.90%-39 bps
Total Risk-Based Capital16.17%14.44%14.55%14.29%14.75%13.81%13.69%13.90%-39 bps
Equity / Assets15.65%13.99%13.94%14.82%15.00%13.45%13.59%14.05%-77 bps
Liquidity & Funding
Loans / Deposits86.88%72.18%54.65%64.44%76.56%57.79%56.59%68.57%+413 bps
Liquid Assets / Assets0.00%0.00%8.58%9.17%9.37%8.52%8.40%8.57%-60 bps
CRE / Total Capitaln/an/an/an/a0.47%0.00%2.26%n/an/a