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Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · North Dakota, the state note

First Western Bank & Trust

Minot, North Dakota · $2.39B in assets · beside the 6 other North Dakota banks between $1B and $3B

The filing

0.95%
ROA
7th of 7
66.3%
Efficiency
7th of 7
10.8%
Equity / assets
2nd of 7

First Western Bank & Trust is the second largest of the 7 North Dakota banks between $1B and $3B, with $2.39B in assets at 30 June 2026. Loans are 97.7% of deposits, 5th of 7 against a median of 96.3%, and equity is 10.8% of assets, 2nd of 7. Loans grew +6.9% in the year, 3rd of 7, and deposits grew 4.3%; the cohort's median loan growth is +6.4%.

Noncurrent loans are 1.42% of the book, 5th of 7 against a median of 1.07%; 1.95% is 30 to 89 days past due, and the allowance covers them 0.7 times. Net charge-offs are 0.23% of loans, 6th of 7. Commercial real estate is 28.3% of loans, 5th of 7 against a median of 27.1%, and 243% of capital, below the 300% screen, with construction at 64% against the 100% screen.

Return on assets is 0.95%, the lowest in the cohort against a median of 1.29%, on an efficiency ratio of 66.3%, the highest in the cohort. Five years ago it was 1.19%. The question is which of these lines moves first over the next four quarters, and against which peer.

Return on assetsND banks $1B to $3B · 30 June 2026 · higher is stronger, listed first
median 1.29% WS Western State Bank 2.02% DC Dakota Community Bank & Trust N.A. 1.83% BF Bank Forward 1.71% BB Border Bank 1.29% CB Cornerstone Bank 1.23% SB Starion Bank 1.11% FW First Western Bank & Trust 0.95%
Loans, year over yearND banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +6.4% DC Dakota Community Bank & Trust N.A. +13.2% CB Cornerstone Bank +7.5% FW First Western Bank & Trust +6.9% BF Bank Forward +6.4% BB Border Bank +5.7% SB Starion Bank +5.5% WS Western State Bank +2.6%

SBA 7(a), FY2008 to FY2026

First Western Bank & Trust is the 5th largest 7(a) lender into North Dakota of 159, with $43M across 171 loans, 4.7% of everything approved in the state (Old National Bank leads with $87M). 23 of its 35 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in North Dakota, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Cass, ND$18M6th of 816.0%-2.5 pts
Crow Wing, MN$17M2nd of 5610.4%quiet FY2022
Burleigh, ND$14M1st of 4411.2%-12.1 pts
Douglas, MN$11M2nd of 4013.9%+12.5 pts
Morton, ND$4M4th of 2111.8%+22.7 pts
Dane, WI$3M43rd of 1410.4%quiet FY2020
Mclean, ND$3M1st of 1037.5%quiet FY2021
Becker, MN$3M3rd of 3510.9%thin
Hennepin, MN$2M98th of 2280.1%+0.4 pts
Dakota, MN$2M65th of 1600.2%thin
Ward, ND$2M15th of 303.6%quiet FY2021
Clay, MN$1M16th of 421.8%quiet FY2022
Grand Forks, ND$1M13th of 341.1%quiet FY2021
22 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Health care & social assistance41$15M16.7%0.03%313th of 2,172
Retail trade28$11M13.0%0.02%447th of 2,589
Manufacturing28$10M11.1%0.02%469th of 2,246
Accommodation & food services32$9M10.0%0.01%615th of 2,596
Other services35$8M9.3%0.02%397th of 2,248
7(a) lenders into North Dakota, share of approvals since FY2008159 lenders on record; the ten largest and First Western
ON Old National Bank 9.5% $87M · 250 loans BB Bravera Bank 4.9% $45M · 309 loans WF Wells Fargo Bank National Associa… 4.8% $44M · 117 loans AF Alerus Financial, National Associ… 4.8% $43M · 77 loans FW First Western Bank & Trust 4.7% $43M · 171 loans CF Choice Financial Group 4.3% $39M · 168 loans UB U.S. Bank, National Association 4.1% $37M · 231 loans CC Capital Credit Union 3.2% $30M · 234 loans SB Starion Bank 2.6% $24M · 178 loans BF Bank Forward 2.6% $24M · 68 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 3 CBLR filers, First Western among them; owner-occupied excluded; bold marks a screen met
First WesternRankCohort median
Total CRE against capital, the 300% screen243%6th of 7210%
Construction against capital, the 100% screen64%7th of 743%
Construction and land development, share of loans7.4%6th of 76.1%
Non-owner-occupied nonfarm nonresidential, share of loans13.6%5th of 711.4%
Total CRE, the guidance definition, share of loans28.3%5th of 727.1%
CRE growth over 36 months, the third prong+11.7%3rd of 7+12.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Western State Bank$2.49B2.0%47.0%0.90%0.27%1.8%106.8%13.4%
First Western Bank & Trust$2.39B1.0%66.3%1.42%0.23%1.0%97.7%10.8%
Starion Bank$2.10B1.1%65.4%1.45%0.00%1.5%70.5%8.4%
Cornerstone Bank$1.85B1.2%57.1%2.35%0.12%1.3%82.8%8.2%
Dakota Community Bank & Trust N.A.$1.39B1.8%52.0%0.08%0.00%1.2%67.8%8.6%
Bank Forward$1.13B1.7%65.8%0.67%0.00%0.7%96.3%10.5%
Border Bank$1.06B1.3%63.6%1.07%0.11%1.5%97.7%9.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First WesternCohort median
20212026Change20212026Change
Loans$1.35B$1.92B+42%$786M$1.28B+63%
Deposits$1.67B$1.96B+18%$1.05B$1.65B+58%
NPA / loans0.55%1.42%+0.88 pts0.70%1.07%+0.37 pts
Efficiency62.8%66.3%+3.5 pts60.3%63.6%+3.3 pts
ROA1.19%0.95%-0.24 pts1.25%1.29%+0.05 pts

This read was prepared for First Western Bank & Trust's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First Western Bank & Trust is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort ND banks $1B to $3B
Institution www.firstwestern.bank

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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