Highlights
- Net income during the first quarter of 2026 increased $400 thousand, or 22.7%, to $2.2 million, or $0.61 per diluted share, from $1.8 million, or $0.50 per diluted share, in the 2025 period.
- Pre-provision, pre-tax operating income of $3.2 million in the first quarter of 2026 increased 32.8% from $2.4 million in the first quarter of 2025.
- Net interest income increased $1.4 million, or 17.4%, to $9.2 million in the first quarter of 2026 from $7.9 million in the first quarter of 2025.
- Net interest margin was 3.59% in the first quarter of 2026 compared to 3.49% in the first quarter of 2025.
- The efficiency ratio improved to 69.94% in the first quarter of 2026 versus 73.95% in the first quarter of 2025.
- Yield on loans held for investment improved to 6.15% for the first quarter of 2026 compared to 5.78% in the first quarter of 2025.
- Loans held for investment decreased $4.1 million, or 0.6%, to $734.6 million at March 31, 2026 from $738.7 million at December 31, 2025, and increased $35.4 million, or 5.1%, from $699.3 million at March 31, 2025.
- The ratio of loans held for investment-to-deposits increased to 78.8% at March 31, 2026 from 76.0% at December 31, 2025.
- Allowance for credit losses as of March 31, 2026, decreased to 1.18% of loans held for investment compared to 1.40% as of December 31, 2025.
BISMARCK, N.D., May 15, 2026 /PRNewswire/ -- BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC), which operates community banking and wealth management businesses in North Dakota and Arizona, today reported financial results for the first quarter ended March 31, 2026.
Management Commentary
"Our first-quarter results reflect the continued strength of our core banking franchise and the disciplined execution of our relationship-driven strategy," said Daniel J. Collins, BNC's President and Chief Executive Officer. "Compared to the first quarter of 2025, net interest income grew 17.4%, our net interest margin expanded 10 basis points to 3.59% and net income increased 22.7% to $2.2 million. We're pleased to report this level of year-over-year progress in a quarter that also included elevated professional services expense related to our recently announced agreement to be acquired by OppFi Inc.
"On a sequential basis, both loans and deposits declined modestly during the quarter. The deposit decrease reflects a familiar seasonal pattern, as our customers deploy funds during the first quarter, and the loan decline reflects an elevated level of payoffs and prepayments combined with a more typical pace of new originations in our North Dakota markets. Our balance sheet remains strong, with ample liquidity and a tangible common equity ratio that improved to 10.22% as of March 31.
"As we noted in our April 29 announcement, our proposed combination with OppFi represents a meaningful opportunity to extend our reach and capabilities while preserving the relationship-driven banking model that has defined the Company since 1987. As that transaction moves forward, our team remains focused on what we do best: serving our customers, supporting our communities and operating the bank with the same discipline that produced this quarter's results. We are confident in the overall quality of our loan portfolio, the strength of our balance sheet and our ability to navigate ongoing economic and geopolitical uncertainties."
2026 Versus 2025 First Quarter Comparison
The Company reported net income of $2.2 million, or $0.61 per diluted share, for the quarter compared to $1.8 million, or $0.50 per diluted share, in the first quarter of 2025.
First quarter interest income increased $1.9 million, or 15.9%, to $13.9 million in the first quarter of 2026 from $12.0 million in the first quarter of 2025. Average yield on interest-earning assets in the quarter improved to 5.41% from 5.34% in the first quarter of 2025 driven by a $41.8 million period-over-period increase in the average balance of loans held for investment and higher average balances of cash and cash equivalents. Those increases were partially offset by lower yields on cash and cash equivalents and a lower average balance of debt securities during the quarter.
Interest expense in the first quarter of 2026 was $4.7 million, an increase of $539 thousand from the 2025 period. The cost of core deposits in the first quarter of 2026 remained constant at 1.88% unchanged from the first quarter of 2025. The average balance of deposits increased by $119.6 million compared to the first quarter of 2025. The cost of interest-bearing liabilities was 2.35% during the first quarter of 2026, compared to 2.42% in the same period of 2025.
Net interest income for the first quarter of 2026 was $9.2 million, an increase of $1.4 million, or 17.4%, from the first quarter of 2025. Net interest margin was 3.59% in the first quarter of 2026 compared to 3.49% reported in the prior year period.
Non-interest income during the first quarter of 2026 was $1.4 million, compared to $1.4 million in the 2025 first quarter. Bank charges and service fees were $14 thousand higher quarter-over-quarter primarily due to higher servicing income and overdraft fees that were partially offset by lower non-use fees from lines of credit. Wealth management revenues increased by $54 thousand, or 10.4%, as the Company has benefitted from significant increases in the market value of financial assets year-over-year. Other income is $49 thousand lower than the prior year period due to the recognition of a $51 thousand gain on sale of repossessed assets in the 2025 period.
Non-interest expense during the first quarter of 2026 increased $604 thousand, or 8.8%, year-over-year, primarily due to a $558 thousand increase in professional services as the Company incurred additional expenses as a part of the recently announced definitive agreement to be acquired by OppFi Inc. The Company reported additional increases in data processing fees and occupancy expense. Core banking services, card processing charges and higher IT subscriptions provided the largest increases. Occupancy expense increased primarily due to higher expense for snow removal in the 2026 period.
In the first quarter of 2026, income tax expense was $646 thousand, compared to $542 thousand in the first quarter of 2025. The Company's effective tax rate was 23.0% and 23.5% for the first quarter of 2026 and 2025, respectively.
Tangible book value per common share on March 31, 2026 was $30.85, compared to $30.26 at December 31, 2025. The Company's tangible common equity capital ratio increased to 10.22% as of March 31, 2026, compared to 9.68% on December 31, 2025.
Assets and Liabilities
Total assets were $1.1 billion at March 31, 2026 versus $1.1 billion at December 31, 2025. Total loans held for investment decreased to $734.6 million on March 31, 2026 compared to $738.7 million on December 31, 2025. Debt securities decreased $3.6 million from year-end 2025, primarily due to normal amortization, while cash and cash equivalent balances totaled $179.7 million on March 31, 2026 compared to $211.5 million on December 31, 2025.
Total deposits decreased $39.3 million to $932.5 million as of March 31, 2026, from a balance of $971.8 million on December 31, 2025. The Company remains committed to cultivating new deposit relationships and prioritizing liquidity.
The following table provides additional detail on the Company's total deposit relationships:
As of
(In thousands) March 31, December 31, March 31,
2026 2025 2025
Deposits:
Non-interest-bearing $
174,630 $
177,618 $
169,503
Interest-bearing -
Savings, interest checking and money market 645,217 681,350 582,239
Time deposits 112,615 112,833 97,105
Total on balance sheet deposits 932,462 971,801 848,847
Off-balance sheet deposits (1) 18,133
Total available deposits $
932,462 $
971,801 $
866,980
(1) The off-balance sheet deposits above do not include off-balance sheet time deposits that can be brought back on the balance sheet at various future maturity dates. As of March 31,
2026, the Company managed off-balance sheet time deposit balances of $260 thousand, compared to $250 thousand time deposit balances as of December 31, 2025 and $6.2 million time
deposit balances as of March 31, 2025.
The Company remains highly focused on meeting the needs of its customers and ensuring deposit rates reflect changing market conditions. The Company estimates that deposit insurance and other deposit protection programs secure approximately 69% of its customers' deposit balances. This fact, combined with the Company's strong balance sheet and management's sustained focus on fostering a relationship-focused culture, has allowed the Company to maintain a significant deposit base.
Trust assets under administration increased 0.9%, or $4.1 million, to $485.0 million at March 31, 2026, from $480.9 million at December 31, 2025. The Company has benefited from the addition of new assets under administration in 2026, but also experienced declines in the market value of financial assets attributable to declines in the broader financial markets.
Asset Quality
The allowance for credit losses was $8.6 million as of March 31, 2026, versus $10.3 million on December 31, 2025. The allowance for credit losses on loans as a percentage of loans held for investment on March 31, 2026 decreased to 1.18% from 1.40% as of December 31, 2025. The decrease in the allowance to loans ratio was largely due to write-downs of specific problem credits during the first quarter of 2026 that maintained specific reserves as of year-end 2025.
Past due loans of 31-89 days increased to $1.7 million as of March 31, 2026, compared to $664 thousand as of December 31, 2025. Nonperforming assets were $6.8 million on March 31, 2026, compared to $9.2 million on December 31, 2025. The ratio of nonperforming assets-to-total-assets was 0.64% at March 31, 2026 compared to 0.83% as of December 31, 2025. As of March 31, 2026, $4.8 million, or 71%, of the $6.8 million in nonperforming loans were SBA loans supported by material government guarantees. Excluding loan balances covered by government guarantees, the Company's nonperforming assets-to-total-assets ratio was 0.28% on March 31, 2026.
The Company continues to monitor the evolving macroeconomic and geopolitical environment for possible impacts to its loan portfolio. As of March 31, 2026, classified loans increased to $6.5 million from $5.7 million as of December 31, 2025. In recent periods, the Company experienced an increase in classified loans related to the transportation industry. As of March 31, 2026, the Company had $725 thousand of classified loan balances associated with the transportation industry. The Company's overall exposure to the transportation industry is estimated to be $8.2 million at March 31, 2026. As of March 31, 2026 and December 31, 2025, the Company had $1.2 million and $5.4 million, respectively, of potentially problematic loans, which are risk-rated as "special mention."
BNC's loans held for investment are geographically concentrated in North Dakota and Arizona, comprising 53% and 26%, respectively, of the Company's total loans held for investment portfolio.
The North Dakota economy is influenced by the energy and agriculture industries. Changes in energy supply and demand, along with market sentiment have recently caused a decrease in oil prices that, if prolonged, could have a negative impact on the oil industry and ancillary services. Potential risks to North Dakota's energy and agriculture industries include the possibility of adverse national legislation, potential effects of trade policy, and changes in economic conditions. Depending on the severity of their impact, these factors could present potential challenges to credit quality in North Dakota.
The Arizona economy continues to diversify but is still influenced by the leisure and travel industries. Positive trends in both industries have been noted, but an extended slowdown in these industries may negatively impact credit quality in Arizona. While the Company's portfolio includes various sized loans spread over a large number of industry sectors, it has meaningful concentrations of loans to the hospitality and commercial real estate industries.
The following table approximately describes the Company's concentrations by industry:
Loans Held for Investment by Industry Sector
(in thousands) March 31, 2026 December 31, 2025
Non-owner Occupied Commercial Real estate - not $
203,972 28 $
200,887 27
% %
otherwise categorized
Consumer, not otherwise categorized 94,152 13 94,999 13
Hotels 93,262 13 97,337 13
Healthcare and social assistance 38,084 5 37,270 5
Agriculture, forestry, fishing and hunting 34,977 5 37,328 5
Retail trade 30,223 4 30,110 4
Non-hotel accommodation and food service 28,205 4 28,469 4
Art, entertainment and recreation 27,202 4 27,821 4
Transportation and warehousing 24,353 3 27,329 4
Construction contractors 24,095 3 24,178 3
Manufacturing 20,931 3 20,127 3
Mining, oil and gas extraction 20,666 3 21,495 3
Real estate and rental and leasing support services 17,515 2 15,245 2
Other service 15,343 2 15,372 2
Utilities 14,540 2 14,510 2
Educational services 12,385 2 10,932 1
Professional, scientific, and technical services 10,906 1 11,406 2
Finance and insurance 8,561 1 8,573 1
Public administration 6,346 1 6,440 1
All other 8,346 1 8,268 1
Total gross loans held for investment $
734,064 100 $
738,096 100
% %
Capital
Banks and bank holding companies operate under separate regulatory capital requirements. As of March 31, 2026, the Company's capital ratios exceeded all regulatory capital thresholds, including the capital conservation buffer.
A summary of the Company's and the Bank's capital ratios is presented below:
March 31, December 31,
2026 2025
BNCCORP, INC. (Consolidated)
Tier 1 leverage 11.87 % 12.40 %
Common equity tier 1 risk based capital 13.19 % 13.01 %
Tier 1 risk based capital 14.97 % 14.81 %
Total risk based capital 15.99 % 16.02 %
Tangible common equity 10.22 % 9.68 %
BNC National Bank
Tier 1 leverage 11.28 % 11.71 %
Common equity tier 1 risk based capital 14.22 % 13.98 %
Tier 1 risk based capital 14.22 % 13.98 %
Total risk based capital 15.24 % 15.19 %
Tangible common equity 11.10 % 10.47 %
The Common Equity Tier 1 ratio, which is generally a comparison of a bank's core equity capital to its total risk weighted assets, is a measure of the current risk profile of the Bank's asset base from a regulatory perspective. The Tier 1 leverage ratio, which is based on average assets, does not consider the mix of risk-weighted assets.
The Company regularly evaluates the sufficiency of its capital to ensure compliance with regulatory capital standards and to serve as a source of strength for the Bank. The Company manages capital by assessing the composition of capital and the amounts available for growth, risk, or other purposes.
The Company made an election at the adoption of BASEL III to exclude changes in accumulated other comprehensive income from the calculation of regulatory ratios.
Share Repurchases
In December 2020, the Company's Board of Directors approved a share repurchase program authorizing the repurchase of up to 175,000 shares of BNCCORP, INC. outstanding common stock. During the first quarter of 2024, the Company repurchased 50,000 shares of common stock for a total cost of $1.2 million, or approximately $23.25 per share. The Company has made no other share repurchases of common stock. As of March 31, 2026, there were 125,000 shares remaining under the current authorized share repurchase program.
OppFi Transaction Announced
On April 29, 2026, the Company issued a press release announcing that it had entered into a definitive agreement to be acquired by OppFi Inc., a tech-enabled digital finance platform, in a stock and cash transaction valued at approximately $130 million.
About BNCCORP, INC.
BNCCORP, INC., headquartered in Bismarck, ND, is a registered bank holding company dedicated to providing banking and wealth management services to businesses and consumers in its local markets. The Company operates community banking and wealth management businesses in North Dakota and Arizona from 11 locations.
This news release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of BNC. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of our management and on information currently available to management are generally identifiable by the use of words such as "expect", "believe", "anticipate", "at the present time", "plan", "optimistic", "intend", "estimate", "may", "will", "would", "could", "should", "future" and other expressions relating to future periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations regarding future market conditions and our ability to capture opportunities and pursue growth strategies, our expected operating results such as revenue growth and earnings and our expectations of the effects of the regulatory environment or future pandemics on our earnings for the foreseeable future. Forward-looking statements are neither historical facts nor assurances of future performance. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to: the impact of current and future regulation; the risks of loans and investments, including dependence on local and regional economic conditions; competition for our customers from other providers of financial services; possible adverse effects of changes in interest rates; risks associated with our acquisition and growth strategies; and other risks, including the potential impact of the imposition of tariffs or retaliatory tariffs, which are difficult to predict and many of which are beyond our control. In addition, all statements in this news release, including forward-looking statements, speak only of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.
This press release contains references to financial measures, which are not defined in GAAP. Such non-GAAP financial measures include tangible common equity to total period end assets ratio. These non-GAAP financial measures have been included as the Company believes they are helpful for investors to analyze and evaluate the Company's financial condition.
(Financial tables attached)
BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
(Unaudited)
For the Quarter Ended,
(In thousands, except per share data) March 31, December 31, March 31,
2026 2025 2025
INCOME STATEMENT
Interest income $
13,906 $
13,575 $
12,000
Interest expense 4,688 4,589 4,149
Net interest income 9,218 8,986 7,851
Provision for credit losses 385 1,105 100
Net interest income after provision for credit losses 8,833 7,881 7,751
Non-interest income
Bank charges and service fees 682 690 668
Wealth management revenues 575 557 521
Gains on sales of loans, net 6 (1)
Other 147 247 196
Total non-interest income 1,410 1,494 1,384
Non-interest expense
Salaries and employee benefits 3,989 3,802 4,088
Professional services 820 268 262
Data processing fees 924 887 823
Marketing and promotion 140 220 183
Occupancy 452 405 399
Regulatory costs 131 126 132
Depreciation and amortization 269 273 273
Office supplies and postage 101 87 93
Other 607 472 576
Total non-interest expense 7,433 6,540 6,829
Income before taxes 2,810 2,835 2,306
Income tax expense 646 645 542
Net income $
2,164 $
2,190 $
1,764
WEIGHTED AVERAGE SHARES
Common shares outstanding (a) 3,541,774 3,541,774 3,540,080
Dilutive effect of share-based compensation 969
Adjusted weighted average shares (b) 3,541,774 3,541,774 3,541,049
EARNINGS PER SHARE DATA
Basic earnings per common share $
0.61 $
0.62 $
0.50
Diluted earnings per common share $
0.61 $
0.62 $
0.50
(a) Denominator for basic earnings per common
share
(b) Denominator for diluted earnings per
common share
BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
(Unaudited)
As of
(In thousands, except share, per-share and full-time March 31, December 31, March 31,
equivalent data)
2026 2025 2025
BALANCE SHEET DATA
Cash and cash equivalents $
179,736 $
211,451 $
102,854
Debt securities available for sale 111,054 114,670 127,824
FRB and FHLB stock 2,466 2,386 2,386
Loans held for investment 734,622 738,700 699,266
Allowance for credit losses (8,635) (10,318) (9,311)
Net loans held for investment 725,987 728,382 689,955
Premises and equipment, net 9,870 10,120 10,624
Operating lease right of use asset 606 514 527
Accrued interest receivable 4,059 4,395 3,979
Other 29,078 28,288 28,426
Total assets $
1,062,856 $
1,100,206 $
966,575
Deposits:
Non-interest-bearing $
174,630 $
177,618 $
169,503
Interest-bearing -
Savings, interest checking and money market 645,217 681,350 582,239
Time deposits 112,615 112,833 97,105
Total deposits 932,462 971,801 848,847
Guaranteed preferred beneficial interest in Company's 15,464 15,464 15,464
subordinated debentures
Accrued interest payable 1,626 1,638 1,336
Accrued expenses 1,976 2,877 1,481
Operating lease liabilities 653 571 600
Other 2,083 1,348 1,531
Total liabilities 954,264 993,699 869,259
Common stock 37 37 37
Capital surplus - common stock 27,246 27,230 27,103
Retained earnings 89,602 87,438 80,431
Treasury stock (2,753) (2,753) (2,667)
Accumulated other comprehensive income, net (5,540) (5,445) (7,588)
Total stockholders' equity 108,592 106,507 97,316
Total liabilities and stockholders' equity $
1,062,856 $
1,100,206 $
966,575
OTHER SELECTED DATA
Trust assets under administration $
485,035 $
480,944 $
422,887
Core deposits (1) $
932,462 $
971,801 $
848,847
Tangible book value per common share (2) $
30.85 $
30.26 $
27.62
Tangible book value per common share excluding $
32.42 $
31.80 $
29.77
accumulated other comprehensive income, net
Full time equivalent employees 125 132 138
Common shares outstanding 3,520,125 3,520,125 3,523,875
(1)
Core deposits consist of all deposits with customers.
(2) Tangible book value per common share is equal to book value per
common share.
BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
(Unaudited)
AVERAGE BALANCE, For the Quarter Ended For the Quarter Ended Quarter-Over-Quarter
YIELD EARNED, AND
COST PAID
March 31, 2026 March 31, 2025
Comparison
(dollars in thousands) Average Interest Average Average Interest Average Change Due to
Balance Earned Yield or Balance Earned Yield or
or Paid Cost or Paid Cost
Rate Volume Total
Assets
Interest-bearing due from $
198,576 $
1,814 3.71 % $
94,497 $
1,039 4.46 % $
(202) $
977 $
775
banks
FRB and FHLB stock 2,391 36 6.11 % 2,387 35 6.00 % 1 1
Debt securities available 113,051 870 3.12 % 128,144 1,014 3.21 % (27) (117) (144)
for sale
Loans held for investment 737,328 11,186 6.15 % 695,519 9,912 5.78 % 670 604 1,274
Allowance for credit (8,814) 0.00 % (9,218) 0.00 %
losses
Total $
1,042,532 $
13,906 5.41 % $
911,329 $
12,000 5.34 % $
442 $
1,464 $
1,906
Liabilities
Interest checking and $
637,093 $
3,557 2.26 % $
544,016 $
3,119 2.33 % $
(243) $
681 $
438
money market
Savings 42,193 11 0.11 % 43,967 11 0.11 %
Time deposits 112,661 923 3.32 % 92,870 797 3.48 % (39) 165 126
Short-term borrowings 2 4.21 % 0.00 %
Subordinated debentures 15,464 197 5.18 % 15,464 222 5.81 % (25) (25)
Total $
807,413 $
4,688 2.35 % $
696,317 $
4,149 2.42 % $
(307) $
846 $
539
Net Interest Income $
9,218 $
7,851
Net Interest Spread 3.05 % 2.92 %
Net Interest Margin 3.59 % 3.49 %
For the Quarter Ended
(In thousands) March 31, December 31, March 31,
2026 2025 2025
OTHER AVERAGE BALANCES
Total assets $
1,096,911 $
1,032,882 $
965,440
Core deposits 966,623 905,171 846,986
Total equity 108,264 105,817 95,335
KEY RATIOS
Return on average common stockholders' equity (a) 7.72 % 7.79 % 6.85 %
Return on average assets (b) 0.80 % 0.84 % 0.74 %
Efficiency ratio (Consolidated) 69.94 % 62.40 % 73.95 %
Efficiency ratio (Bank) 62.96 % 60.83 % 70.92 %
(a) Return on average common stockholders' equity is calculated by using net income as the numerator and average common equity (less accumulated other comprehensive
income (loss)) as the denominator.
(b)
Return on average assets is calculated by using net income as the numerator and average total assets as the denominator.
BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
(Unaudited)
As of
(In thousands) March 31, December 31, March 31,
2026 2025 2025
ASSET QUALITY
Loans 90 days or more delinquent and accruing interest
$
$ $
871
Non-accrual loans 6,785 9,169 6,383
Total nonperforming loans $
6,785 $
9,169 $
7,254
Repossessed assets, net
Total nonperforming assets $
6,785 $
9,169 $
7,254
Allowance for credit losses $
8,635 $
10,318 $
9,311
Ratio of total nonperforming loans to total loans 0.92 % 1.24 % 1.04 %
Ratio of total nonperforming assets to total assets 0.64 % 0.83 % 0.75 %
Ratio of nonperforming loans to total assets 0.64 % 0.83 % 0.75 %
Ratio of allowance for credit losses to total loans 1.18 % 1.40 % 1.33 %
Ratio of allowance for credit losses to nonperforming 127 % 113 % 128 %
loans
For the Quarter Ended
(In thousands) March 31, December 31, March 31,
2026 2025 2025
CHANGES IN NONPERFORMING LOANS
Balance, beginning of period $
9,169 $
8,061 $
6,275
Additions to nonperforming 556 1,640 1,035
Charge-offs (2,010) (126)
Reclassified back to performing (8)
Principal payments received (930) (367) (24)
Transferred to repossessed assets (39) (24)
Balance, end of period $
6,785 $
9,169 $
7,254
BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
(Unaudited)
For the Quarter Ended
(In thousands) March 31, December 31, March 31,
2026 2025 2025
CHANGES IN ALLOWANCE FOR CREDIT
LOSSES
Balance, beginning of period $
10,433 $
9,433 $
9,388
Provision 385 1,105 100
Loans charged off (2,065) (142) (47)
Loan recoveries 10 37 5
Balance, end of period $
8,763 $
10,433 $
9,446
Components:
Allowance for loan losses $
8,635 $
10,318 $
9,311
Allowance for unfunded commitments $
128 $
115 $
135
Ratio of net charge-offs to average total loans (0.279) % (0.014) % (0.006) %
Ratio of net charge-offs to average total loans, annualized (1.115) % (0.057) % (0.024) %
As of
(In thousands) March 31, December 31, March 31,
2026 2025 2025
CREDIT CONCENTRATIONS
North Dakota
Commercial and industrial $
78,881 $
79,455 $
66,274
Construction 2,854 2,826 1,177
Agricultural 36,713 39,238 33,320
Land and land development 8,149 8,115 7,986
Owner-occupied commercial real estate 36,126 37,284 39,033
Commercial real estate 115,116 114,009 118,240
Small business administration 18,754 17,581 19,425
Consumer 90,876 92,728 91,573
Subtotal gross loans held for investment $
387,469 $
391,236 $
377,028
Consolidated
Commercial and industrial $
125,683 $
124,595 $
105,369
Construction 11,826 8,955 11,615
Agricultural 39,399 41,931 36,115
Land and land development 9,626 9,601 9,374
Owner-occupied commercial real estate 82,321 84,810 85,673
Commercial real estate 256,000 260,059 243,820
Small business administration 92,976 90,621 87,432
Consumer 116,233 117,524 118,934
Total gross loans held for investment $
734,064 $
738,096 $
698,332
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SOURCE BNCCORP, INC.
DANIEL J. COLLINS, CEO, TELEPHONE: (612) 305-2210, JUSTIN C. CURRIE, CFO, TELEPHONE: (701) 250-3042