# EDGAR Filing Document

**Accession Number:** 0001478454
**File Stem:** 0001171843-23-000571
**Filing Date:** 2023-2
**Character Count:** 26636
**Document Hash:** f0510c589f2a46a6080bc433c04f7b81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-23-000571.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001171843-23-000571

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 34

**CONFORMED PERIOD OF REPORT**: 20230201

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eagle Bancorp Montana, Inc.
- **CENTRAL INDEX KEY:** 0001478454
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34682
- **FILM NUMBER:** 23575062

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 PROSPECT AVE.
- **STREET 2:** P.O. BOX 4999
- **CITY:** HELENA
- **STATE:** MT
- **ZIP:** 59604
- **BUSINESS PHONE:** 406-442-3080

**MAIL ADDRESS:**
- **STREET 1:** 1400 PROSPECT AVE.
- **STREET 2:** P.O. BOX 4999
- **CITY:** HELENA
- **STATE:** MT
- **ZIP:** 59604

?xml version="1.0" encoding="utf-8"?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION** **Washington, DC 20549**

**FORM 8-K**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

Date of Report (Date of earliest event reported): **February 1, 2023**

**Eagle Bancorp Montana, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-34682** | **27-1449820** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

 **1400 Prospect Ave.** 

**Helena, MT 59601**

(Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code: **(406) 442-3080**

**____________________________________________________________**

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| <br> **Title of each class**<br>| **Trading<br> Symbol(s)**<br>| **Name of each exchange<br> on which registered**<br>|
| Common Stock, par value $0.01 per share | EBMT | Nasdaq Global Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure** |

---

Executive officers of Eagle Bancorp Montana, Inc., a Delaware corporation (the "Company") will make presentations to institutional investors at various meetings during the first week of February 2023. The foregoing description of information contained in the presentation is qualified by reference to such presentation materials attached as Exhibit 99.1. The Company is not undertaking to update this presentation or the information contained therein.

The information contained in and accompanying this Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 hereto) is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

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(d) The following exhibit is being furnished herewith and this list shall constitute the exhibit index:

---

| | |
|:---|:---|
| Exhibit No. | Description |
| [99.1](exh_991.htm) | [Investor Presentation of Eagle Bancorp Montana, Inc.](exh_991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **EAGLE BANCORP MONTANA, INC.** | **EAGLE BANCORP MONTANA, INC.** |
| Date: February 1, 2023 | By: | /s/ Laura F. Clark |
|  |  | Laura F. Clark |
|  |  | President & CEO |

---

## Exhibit 99.1

**Exhibit 99.1**

![](exh991_01.jpg)

Janney 2023 CEO Bank Forum February 1 - 2, 2023

![](exh991_02.jpg)

2 Cautionary Notice Regarding Forward - Looking Statements This presentation includes "forward - looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amen ded, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward - looking statements are based on current expectations, estimates and projections about Eagle Bancorp M ontana, Inc.'s business, beliefs of its management and assumptions made by its management. Any statement that does not describe historical or current facts is a forward - looking state ment, including statements related to our projected growth, our anticipated future financial performance, and management's long - term performance goals, as well as statements relating to th e anticipated effects on results of operations and financial condition from expected developments or events, or business and growth strategies, including projections of future amortizati on and accretion, the impact of the anticipated internal growth and plans to establish or acquire banks. Forward - looking statements are typically identified by words such as "believe," "expect ," "anticipate," "intend," "target," "estimate," "continue," "positions," "prospects" or "potential," by future conditional verbs such as "will," "would," "should," "could," or "may," or by variations of such words or by similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to pred ict . Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward - looking statements. Potential risks and uncertainties include the following: ▪ the difficulties and risks inherent with entering new markets; ▪ general economic conditions (both generally and in our markets) may be less favorable than expected, which could result in, a mon g other things, a continued deterioration in credit quality, a further reduction in demand for credit and a further decline in real estate values; ▪ our ability to raise additional capital may be impaired if markets are disrupted or become more volatile; ▪ the ability to promptly and effectively integrate businesses we acquire, including unexpected transaction costs, such as the costs of integrating operations, severance, professional fees, inherited litigation and other expenses; ▪ restrictions or conditions imposed by our regulators on our operations may make it more difficult for us to achieve our goals ; ▪ governmental monetary and fiscal polices as well as legislative or regulatory changes, including changes in accounting standa rds and compliance requirements, may adversely affect us; ▪ competitive pressures among depository and other traditional and non - traditional financial services providers may increase signi ficantly; ▪ changes in the interest rate environment may reduce margins or the volumes or values of the loans we make or have acquired; ▪ other financial institutions have greater financial resources and may be able to develop or acquire products that enable them to compete more successfully than we can; ▪ war or terrorist activities may cause further deterioration in the economy or cause instability in credit markets; ▪ duration and impact of the Covid - 19 pandemic; ▪ changes or volatility in the securities markets that lead to impairment in the value of our investment securities and goodwil l; ▪ cyber incidents, or theft or loss of Company or customer data or money; ▪ economic, governmental or other factors may prevent the projected population, residential and commercial growth in the market s i n which we operate; and ▪ we will or may continue to face the risk factors discussed from time to time in the periodic reports we file with the SEC, in clu ding our Form 10 - K for the fiscal year ended December 31, 2021. For these forward - looking statements, we claim the protection of the safe harbor for forward - looking statements contained in the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on the forward - looking statements, which speak only as of the date of this presentation. All subsequent written and oral forward - looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referr ed to in this section. We undertake no obligation to publicly update or revise any forward - looking statements, whether as a result of new information, future events or otherwise. See Item 1A, Risk Factors, in our Annual Report on Form 10 - K for the year ended December 31, 2021, and otherwise in our SEC reports and filings, for a description of some of the important factors tha t m ay affect actual outcomes.

![](exh991_03.jpg)

3 □ Eagle Bancorp Montana, Inc . is the holding company for Opportunity Bank of Montana ; established in 1922 , the Bank is the 4 th largest bank headquartered in Montana with 31 banking offices and has deeply embedded itself as the bank of choice within the community □ Continued execution on commercial bank model following the transition from a thrift ▪ Established commercial bank charter in 2014 ; rebranded as Opportunity Bank of Montana ▪ Improving loan mix with higher yielding CRE credits and increasing commercial loans ▪ Improving deposit mix : non - CDs, at 85 % of total deposits as of December 31 , 2022 ▪ Positioned for NIM expansion and improved profitability ▪ Core lines of business include : retail lending, commercial and agricultural lending, deposit products and services and mortgage origination ▪ Interest rate risk profile showing asset sensitive balance sheet prepared for an increasing rate environment □ Continuation of strong credit culture ; excellent credit quality with NPAs of 40 bps as of December 31 , 2022 □ Track record of execution on strategic initiatives : ▪ Announced Acquisition of First Community Bank in October 2021 , completed April 30 , 2022 ▪ Announced Acquisition of Western Bank of Wolf Point in August 2019 , completed January 2020 ▪ Announced Acquisition of State Bank of Townsend in August 2018 , completed January 2019 ▪ Announced Acquisition of Ruby Valley Bank in September 2017 , completed January 2018 ▪ Successful acquisition and integration of seven branches from Sterling Financial in 2012 Community Focused Institution

![](exh991_04.jpg)

4 Company Overview □ 31 branches in Montana operating under the Company's banking subsidiary – Opportunity Bank of Montana □ Balance Sheet (12/31/22): ▪ Assets $1.948 billion ▪ Gross Loans $1.354 billion ▪ Deposits $1.635 billion ▪ Total equity $158.4 million □ Asset Quality (12/31/22): ▪ NPAs/assets – 0.40% □ Profitability for 2022: ▪ Net income of $10.7 million ▪ NIM – 4.03% ▪ ROAA – 0.60% ▪ ROAE – 6.87% EBMT Branches

![](exh991_05.jpg)

5 Chantelle Nash SVP and Chief Risk Officer and Chief Administrative Officer 1 6 years with the Company 1 6 years in banking Mark O'Neill SVP and Chief Lending Officer 6 years with the Company 2 6 years in banking Darryl Rensmon SVP and Chief Operating Officer 6 years with the Company 32 years in IT Linda Chilton SVP and Chief Retail Officer 8 years with the Company 2 9 years in banking Alana Binde SVP and Chief Human Resource Officer 14 years with the Company 14 years in banking Laura Clark President and CEO 8 years with the Company 4 5 years in banking Rachel Amdahl SVP and Chief Operations Officer 3 5 years with the Company 3 5 years in banking Dale Field SVP and Chief Credit Officer 21 years with the Company 2 6 years in banking Miranda Spaulding SVP and Chief Financial Officer 9 years with the Company 21 years in finance Experienced Executive Management

![](exh991_06.jpg)

6 Experienced Board Director Experience Year Elected Peter J. Johnson Retired President and CEO of Opportunity Bank and the Company 2007 Rick F. Hays Retired President of a Montana telecommunications company 2007 Thomas J. McCarvel Retired Vice President of Carroll College 1998 Maureen J. Rude Retired Executive Director of Montana Homeownership Network/NeighborWorks Montana 2010 Shavon R. Cape Co - founder of JWT Capital, LLC, a real estate development and operating company 2015 Tanya J. Chemodurow President of Abatement Contractors of Montana, LLC, specializing in environmental remediation 2015 Kenneth M. Walsh Retired Market President of Opportunity Bank, former CEO of Ruby Valley Bank 2018 Corey Jensen Retired President/CEO of Vision Net, Inc. 2018 Benjamin G. Ruddy Vice President, Agricultural Division, of Opportunity Bank, former President of The State Bank of Townsend 2019 Cynthia A. Utterback Principal at Pinion 2019 Laura F. Clark President & CEO of Opportunity Bank and the Company 2022 Samuel D. Waters Business Development Officer for Opportunity Bank, Former President of First Community Bank 2022

![](exh991_07.jpg)

7 □ Continue to diversify our loan portfolio into commercial (C&I), commercial real estate and agriculture □ Attract and retain lower - cost core deposits □ Continue to expand our franchise through selective acquisitions and branch additions □ Maintain high asset quality levels □ Continue to operate as a community oriented financial institution Business Strategy

![](exh991_08.jpg)

Key Montana Markets – Helena, Missoula, Great Falls Lewis and Clark County (Helena) Cascade County (Great Falls) Missoula County (Missoula) • Helena is the state capital of Montana. • Stable economy supported by state government, healthcare, education, and small business. • Government positions account for 70% of Helena's workforce. • Home to Carroll College, a top - ranked private liberal arts college. • Great Falls MSA is the 3rd largest metropolitan area in Montana by population. • Relatively new market for EBMT - Bank formally entered the Great Falls market in 2017. • Diverse regional economy is anchored by agriculture, military, manufacturing and tourism. • Trade hub for the Golden Triangle region, an area known for high quality agriculture production. • Missoula MSA is the 2nd largest metropolitan area in Montana by population. • Home to the University of Montana (Approximately 11,000 students). • Regional hub for a wide range of retail, professional and service activities. Source(s): S&P Global Market Intelligence as of June 30, 2022 8 MT Rank Institution (State) Branches Deposits Market Share 1Glacier Bancorp Inc. (MT) 6 612,500$27.3% 2First Interstate BancSystem (MT) 4 446,165$19.9% 3Wells Fargo & Co. (CA) 3 326,349$14.6% 4Eagle Bancorp Montana Inc. (MT) 4 299,036$13.3% 5Stockman Financial Corp. (MT) 2 212,852$9.5% 6U.S. Bancorp (MN) 1 188,959$8.4% 7Ascent Bancorp (MT) 2 68,685$3.1% 8Countricorp (MT) 1 26,136$1.2% 9Forstrom Bancorp. Inc. (MN) 1 24,573$1.1% 10Farmers State Financial Corp. (MT) 1 20,494$9.1% Total For Institutions In Market 27 2,242,143$ MT Rank Institution (State) Branches Deposits Market Share 1First Interstate BancSystem (MT) 3 983,746$25.7% 2Glacier Bancorp Inc. (MT) 8 980,808$25.6% 3Wells Fargo & Co. (CA) 3 386,002$10.1% 4Stockman Financial Corp. (MT) 3 357,731$9.3% 5U.S. Bancorp (MN) 2 350,778$9.2% 6Bitterroot Holding Co. (MT) 7 307,936$8.0% 7Bancorp of Montana Holding Co. (MT) 1 206,821$5.3% 8Farmers State Financial Corp. (MT) 2 74,003$1.9% 9Eagle Bancorp Montana Inc. (MT) 2 69,401$1.8% 10First National Bancorp Inc. (MT) 2 59,841$1.6% Total For Institutions In Market 35 3,830,631$ MT Rank Institution (State) Branches Deposits Market Share 1First Interstate BancSystem (MT) 3 567,957$26.1% 2Stockman Financial Corp. (MT) 3 512,584$23.6% 3U.S. Bancorp (MN) 3 441,080$20.3% 4Wells Fargo & Co. (CA) 2 360,436$16.6% 5Bravera Holding Corp. (ND) 2 112,570$5.2% 6Belt Valley Bank (MT) 1 68,695$3.2% 7Stockmens Bank (MT) 1 42,083$1.9% 8Forstrom Bancorp. Inc. (MN) 1 41,037$0.9% 9Eagle Bancorp Montana Inc. (MT) 1 14,907$0.7% 10Glacier Bancorp Inc. (MT) 1 8,832$0.4% Total For Institutions In Market 21 2,175,542$

![](exh991_09.jpg)

Key Montana Markets – Bozeman, Billings, Butte Gallatin County (Bozeman) Silver Bow (Butte) Yellowstone County (Billings) • Fastest growing area in Montana, and one of the fastest growing counties in the Western U.S. • Home to Montana State University, the largest university in the state (16,000+ students). • Local economy is tied to technology, healthcare, education and tourism. • High - tech center of Montana. • Originally one of the largest industrial mining and smelting regions in the country, Butte has now evolved into a diverse regional economy. • Local economy is tied to mining, agriculture processing, healthcare, business services, tourism and education. • Home to Montana Tech, a public engineering and technical university (~2,500 students). • The Billings MSA is the largest metropolitan area in Montana by population. • Serves as the regional hub for more than 500,000 people across a four state region. • Diverse economy supported by transportation, manufacturing, hospitality, medical, energy and other business and consumer services. Source(s): S&P Global Market Intelligence as of June 30, 2022 9 MT Rank Institution (State) Branches Deposits Market Share 1Glacier Bancorp Inc. (MT) 9 1,789,293$33.4% 2First Interstate BancSystem (MT) 5 703,473$13.1% 3Stockman Financial Corp. (MT) 4 609,044$11.4% 4Wells Fargo & Co. (CA) 2 589,099$11.0% 5U.S. Bancorp (MN) 2 404,376$7.5% 6Guaranty Dev. Co. (MT) 3 380,371$7.1% 7Eagle Bancorp Montana Inc. (MT) 4 259,729$4.8% 8MSB Financial Inc. (MT) 4 256,484$4.8% 9Heartland Financial USA Inc. (IA) 1 98,466$1.8% 10Bozeman Bancorp Inc. (MT) 1 96,941$1.8% Total For Institutions In Market 40 5,362,721$ MT Rank Institution (State) Branches Deposits Market Share 1First Interstate BancSystem (MT) 9 1,705,463$23.6% 2U.S. Bancorp (MN) 4 1,506,953$20.9% 3Stockman Financial Corp. (MT) 6 1,166,919$16.2% 4Wells Fargo & Co. (CA) 4 945,538$13.1% 5Glacier Bancorp Inc. (MT) 7 865,322$12.0% 6Yellowstone Holding Co. (MT) 5 603,722$8.4% 7Heartland Financial USA Inc. (IA) 2 200,954$2.8% 8Bravera Holding Co. (MT) 2 69,409$1.0% 9Eagle Bancorp Montana Inc. (MT) 3 69,409$1.0% 10Antler Land Co. (MT) 1 56,103$0.8% Total For Institutions In Market 46 7,215,404$ MT Rank Institution (State) Branches Deposits Market Share 1Wells Fargo & Co. (CA) 1 271,049$27.8% 2Glacier Bancorp Inc. (MT) 3 230,940$23.7% 3First National Bancorp Inc. (MT) 1 110,158$11.3% 4Eagle Bancorp Montana Inc. (MT) 1 107,289$11.0% 5U.S. Bancorp (MN) 1 104,289$10.7% 6Butte Bank Shares Inc. (MT) 2 65,911$6.8% 7Flint Creek Holding Co. (MT) 1 59,569$6.1% 8Bridger Co. (MT) 1 25,961$2.7% Total For Institutions In Market 12 975,166$

![](exh991_10.jpg)

10 □ On April 30, 2022, completed purchase of First Community Bancorp, Inc. and its subsidiary, First Community Bank. □ On January 21, 2022, issued and sold $40 million in aggregate principal amount of its 3.50% fixed - to - floating rate subordinated notes to certain institutional accredited investors and qualified institutional buyers through a private placement offering. □ Awarded 2021 Business of the Year by the Helena Area Chamber of Commerce. □ On June 10, 2020, sold $15 million in subordinated notes to certain qualified institutional accredited investors through a private placement offering. On January 1, 2020, completed purchase of Western Bank of Wolf Point, in Wolf Point, Montana. □ On January 1, 2019, completed purchase of The State Bank of Townsend, in Townsend, Montana. □ On January 31, 2018, completed purchase of Ruby Valley Bank, in Twin Bridges, Montana. □ Mortgage origination team is in the top 4 of market share in Helena, Billings, Bozeman, Great Falls and Livingston. Added 8 high performing loan originators during the past two years. Company Developments

![](exh991_11.jpg)

11 $200 $213 $238 $251 $287 $306 $333 $332 $508 $516 $560 $630 $674 $717 $854 $1,054 $1,258 $1,436 $1,880 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 Non-Acquired Assets Acquired Assets April 2022 Assets: $370M Loans: $191M Deposits: $321M Acquired An Expanding Franchise Source: S&P Capital IQ Pro, Company filings and call report data Note: Bank level financial information for acquired companies and branches at closing or most recent quarter ▪ EBMT has successfully executed on it's growth strategy, through both organic growth and acquisitions, and has produced results ▪ Strong track record of successfully integrating acquisitions - EBMT has been the most active acquiror of Montana banks over the last four years ▪ Complementary combinations have provided increased scale and diversification November 2012 Loans: $41M Deposits: $181M Acquired 7 Montana Branches from January 2020 Assets: $100M Loans: $41M Deposits: $77M Acquired January 2019 Assets: $108M Loans: $92M Deposits: $92M Acquired January 2018 Assets: $90M Loans: $55M Deposits: $78M Acquired

![](exh991_12.jpg)

FINANCIAL HIGHLIGHTS

![](exh991_13.jpg)

13 Net Interest Income & Net Interest Margin $2 , 0 $3 , 0 $4 , 0 $5 , 0 $6 , 0 $7 , 0 $8 , 0 $9 , 0 $1 0 , 2 . 8 0 3 . 0 0 3 . 2 0 3 . 4 0 3 . 6 0 3 . 8 0 4 . 0 0 4 . 2 0 4 . 4 0 4 . 6 0 Net Interest Income Net Interest Margin 4.04% 3.85% 3.83% 4.03% 3.97% 3.81% 3.87% 3.75% 3.64% 4.09% 4.18% 4.10% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 $20,000 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Net Interest Income Net Interest Margin Net interest income in 000's

![](exh991_14.jpg)

14 Provision for Loan Losses $1,228 $980 $2,627 $3,130 $861 $2,001 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2017 2018 2019 2020 2021 2022 $ in 000's

![](exh991_15.jpg)

15 Balance Sheet Expansion $717 $854 $1,054 $1,258 $1,436 $1,948 $513 $617 $779 $841 $933 $1,354 $521 $627 $809 $1,033 $1,223 $1,635 $0 $500 $1,000 $1,500 $2,000 $2,500 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Assets Total Loans Deposits $ in millions

![](exh991_16.jpg)

16 Loan Portfolio Composition – 12/31/2022 □ Since 2008, number of Commercial/Ag lenders has increased from 4 to 42 □ 27 Mortgage Lenders □ C&I accounts for 9% of loan portfolio □ Owner - occupied CRE loans represent 14% of total loans Per call report data as of 12/31/22, excludes loans held for sale Commercial & Industrial, 9% Commercial Real Estate , 39% Construction & Land Development , 11% Residential 1 - 4 and Construction , 15% Home Equity , 5% Agriculture & Farm , 18% Consumer & Other, 3% Loan Portfolio Detail

![](exh991_17.jpg)

17 Non Interest Checking 29% Interest Bearing Checking 15% Savings 17% Money Market 24% Time Certificates 15% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Time Certificates Money Market Savings Interest Checking Non Interest Checking December 31, 2022 Deposit Mix – Rolling 8 Quarters □ The deposit mix is desirable, with a deposit cost of 40 basis points at 4Q22 □ Non - Interest Bearing accounts represent 29% of total deposits at 4Q22 □ MMDA & Checking accounts represent 68% of total deposits at 4Q22 (000's) 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Non Interest Checking 331,589$349,017$367,127$368,846$371,818$498,834$507,034$468,955$ Interest Bearing Checking 174,840 193,991 198,130 203,410 210,247 265,808 252,258 252,922 Savings 197,748 202,984 213,895 223,069 232,166 386,239 284,303 273,790 Money Market 224,107 242,290 261,866 277,469 312,485 327,813 398,647 387,947 Time Certificates 165,120 157,320 153,531 149,755 143,860 173,139 232,008 251,658 Total 1,093,404$1,145,602$1,194,549$1,222,549$1,270,576$1,651,833$1,674,250$1,635,272$ Funding Overview – Deposit Composition

![](exh991_18.jpg)

18 0.21% 0.45% 0.52% 0.68% 0.49% 0.40% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Nonperforming Assets/Total Assets Disciplined Credit Culture

![](exh991_19.jpg)

19 Yield and Cost of Funds 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y Yield on Average Earning Assets EBMT Peer Group 4.00% 4.50% 5.00% 5.50% 6.00% 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y Yield on Loans EBMT Peer Group 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y Cost of Funds EBMT Peer Group data as of 9/30/22 and includes PFLC, RVSB, CSHX, FSBW, TSBK, SFBC, OVLY, CVCY, NRIM, CZBC, SSBI, & FNRN Source: S&P Global Market Intelligence

![](exh991_20.jpg)

20 Capital Strength Total Assets 853,903$1,054,260$1,257,634$1,435,926$1,948,384$ Total Common Stockholders' Equity 94,806$121,659$152,938$156,729$158,416$ Total Regulatory Capital 104,186$126,711$156,897$164,639$219,595$ Tier 1 Leverage Ratio 10.51% 10.52% 10.61% 9.75% 7.78% Tier 1 Risk Based Capital Ratio 13.83% 13.58% 14.17% 12.64% 9.67% Total Risk Based Capital Ratio 16.45% 15.92% 17.04% 15.18% 14.10% Common Equity Tier 1 (CETI) Ratio 13.04% 12.95% 13.62% 12.18% 9.35% Tangible Common Equity Ratio 9.66% 9.95% 10.51% 9.49% 6.10% 2022Y($ in 000s) 2019Y 2020Y 2021Y2018Y

![](exh991_21.jpg)

Laura Clark President and CEO Office: (406) 442 - 3080 Direct: (406) 457 - 4007 lclark@oppbank.com www.opportunitybank.com 1400 Prospect Avenue P.O. Box 4999 Helena, MT 59604 Miranda Spaulding SVP and Chief Financial Officer Office: (406) 442 - 3080 Direct: (406) 441 - 5010 mspaulding@oppbank.com