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Northwestern Bank, National Association

Dilworth, MN · Cert 9746 · Northwestern Bancshares Inc.

National charter · OCC · 6 branches

Q2 2026

$164.7MAssets
$126.4MLoans
$143.7MDeposits
$18.7MEquity
Loan mix
83%RE $89.8M14%C&I $14.8M4%Consumer $3.9MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $110.9M23%Noninterest $32.8MQ2 2025Q2 2026

NIM

5.86%Q2 ’245.86%Q2 ’257.18%Q2 ’26+7%+28%

Non-interest income vs. expense

4.14%Q2 ’244.18%Q2 ’254.15%Q2 ’26+0%-4%

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 1.0% share · #17 of 32 inst. · $0.1B of $12.9B

7.8% Clay
5.2% Norman
0.1% Otter Tail
0.0% Becker

Executive Summary

  • Earnings: ROA of 1.89%, up 101 bps year over year; NIM at 6.33%.
  • Asset quality: problem loans at 1.23% of loans (-198 bps YoY), with net charge-offs at 0.33%.
  • Capital: tier 1 leverage ratio of 11.15%, up 25 bps from a year ago.
  • Funding: loans stand at 87.99% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.89%+101 bps YoY

Net Interest Margin (quarter, annualized)

6.33%+139 bps YoY

Efficiency Ratio (quarter, annualized)

60.78%-1,765 bps YoY

Tier 1 Leverage Ratio

11.15%+25 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%1.01%0.82%1.02%1.89%+101 bps
Return on Equity8.20%8.97%7.40%9.38%16.97%+877 bps
Net Interest Margin4.94%5.16%4.98%5.36%6.33%+139 bps
Efficiency Ratio78.43%75.49%75.31%74.30%60.78%-1,765 bps
Non-Interest Burden3.75%3.76%3.56%3.81%3.60%-15 bps
Growth
Asset Growth (YoY)2.63%-1.47%-0.56%1.21%1.45%-117 bps
Loan Growth (YoY)0.96%6.51%6.14%6.76%6.87%+590 bps
Deposit Growth (YoY)2.03%-2.38%-1.35%0.94%1.10%-93 bps
Asset Quality
Nonperforming Loans / Loans3.21%2.90%1.60%0.25%1.23%-198 bps
Net Charge-Offs / Loans0.00%-0.01%0.11%0.05%0.33%+33 bps
Allowance / Loans1.56%1.55%1.61%1.69%1.61%+5 bps
Allowance Coverage of NPLs0.5x0.5x1.0x6.7x1.3x+0.8x
Capital
Tier 1 Leverage Ratio10.90%10.96%10.71%10.60%11.15%+25 bps
Total Risk-Based Capital10.90%10.96%10.71%10.60%11.15%+25 bps
Equity / Assets10.96%11.56%10.75%10.90%11.37%+41 bps
Liquidity & Funding
Loans / Deposits83.25%89.13%82.71%82.87%87.99%+475 bps
Liquid Assets / Assets8.46%4.39%7.51%6.53%4.65%-382 bps
CRE / Total Capitaln/a295%306%285%n/an/a