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Baybank

Gladstone, MI · Cert 1092 · Baybank Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$173.4MAssets
$136.8MLoans
$145.8MDeposits
$17.3MEquity
Loan mix
67%RE $89.1M18%C&I $24.0M14%Consumer $19.1MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $128.7M12%Noninterest $17.1MQ2 2025Q2 2026

NIM

5.79%Q2 ’245.94%Q2 ’256.15%Q2 ’26+2%+12%

Non-interest income vs. expense

3.00%Q2 ’242.81%Q2 ’253.24%Q2 ’26-7%+20%

Executive Summary

  • Earnings: ROA of 1.23%, down 7 bps year over year; NIM at 4.46%.
  • Asset quality: problem loans at 2.02% of loans (+89 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 10.71%, up 58 bps from a year ago.
  • Funding: loans stand at 93.80% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.23%-7 bps YoY

Net Interest Margin (YTD, annualized)

4.46%+47 bps YoY

Efficiency Ratio (YTD, annualized)

65.93%+329 bps YoY

Tier 1 Leverage Ratio

10.71%+58 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.30%1.40%1.43%1.41%1.23%-7 bps
Return on Equity14.53%15.24%15.35%14.31%12.41%-212 bps
Net Interest Margin4.00%4.13%4.21%4.42%4.46%+47 bps
Efficiency Ratio62.64%61.51%60.82%61.10%65.93%+329 bps
Non-Interest Burden2.32%2.35%2.36%2.52%2.79%+47 bps
Growth
Asset Growth (YoY)6.53%6.00%5.81%5.77%5.04%-149 bps
Loan Growth (YoY)9.86%6.26%6.89%7.38%7.11%-275 bps
Deposit Growth (YoY)6.28%5.26%1.99%1.01%0.44%-583 bps
Asset Quality
Nonperforming Loans / Loans1.12%0.85%1.54%1.58%2.02%+89 bps
Net Charge-Offs / Loans0.03%0.03%0.03%0.07%0.06%+2 bps
Allowance / Loans1.41%1.43%1.46%1.45%1.44%+3 bps
Allowance Coverage of NPLs1.3x1.7x0.9x0.9x0.7x-0.5x
Capital
Tier 1 Leverage Ratio10.13%10.37%10.62%10.77%10.71%+58 bps
Total Risk-Based Capital10.13%10.37%10.62%10.77%10.71%+58 bps
Equity / Assets9.26%9.74%9.91%9.82%10.00%+74 bps
Liquidity & Funding
Loans / Deposits87.96%89.24%89.73%89.69%93.80%+584 bps
Liquid Assets / Assets1.72%2.15%3.74%5.19%2.23%+50 bps
CRE / Total Capitaln/a202%204%208%n/an/a