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Enterprise Bank of South Carolina

Ehrhardt, SC · Cert 11539 · Varn Financial Corp.

State charter, non-member · FDIC · 12 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

52

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

79

Q2 2024Q2 2026peer median (50)

Liquidity

50

Q2 2024Q2 2026peer median

Efficiency

98

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Enterprise Bank of South Carolina

Ehrhardt, SC · Cert 11539 · Varn Financial Corp.

State charter, non-member · FDIC · 12 branches

Q2 2026

$535.1MAssets
$293.9MLoans
$472.2MDeposits
$48.7MEquity
Loan mix
87%RE $246.4M9%C&I $24.5M4%Consumer $11.9MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $373.3M21%Noninterest $98.9MQ2 2025Q2 2026

NIM

4.08%Q2 ’244.57%Q2 ’254.33%Q2 ’26+12%+8%

Non-interest income vs. expense

2.64%Q2 ’242.69%Q2 ’252.78%Q2 ’26+2%-161%

Market Position · Charleston-North Charleston, SC · 2026 SOD (annual) · 0.2% share · #28 of 37 inst. · $0.1B of $25.6B

41.4% Bamberg
45.6% Barnwell
16.4% Colleton
0.2% Charleston

Executive Summary

  • Earnings: ROA of 6.21%, up 543 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 3.64% of loans (-52 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 9.26%, up 232 bps from a year ago.
  • Funding: loans stand at 62.23% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

6.21%+543 bps YoY

Net Interest Margin (YTD, annualized)

3.48%+25 bps YoY

Efficiency Ratio (YTD, annualized)

36.69%-3,700 bps YoY

Tier 1 Leverage Ratio

9.26%+232 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.80%2.30%8.55%6.21%+543 bps
Return on Equity22.48%21.97%55.88%123.01%80.70%+5,822 bps
Net Interest Margin3.23%3.29%3.42%3.46%3.48%+25 bps
Efficiency Ratio73.69%73.41%70.92%23.19%36.69%-3,700 bps
Non-Interest Burden2.26%2.30%2.26%-5.58%-1.39%-366 bps
Growth
Asset Growth (YoY)6.03%6.60%-0.50%3.27%9.41%+337 bps
Loan Growth (YoY)3.11%9.35%7.80%9.61%11.23%+812 bps
Deposit Growth (YoY)5.07%5.42%-3.57%-4.14%0.84%-422 bps
Asset Quality
Nonperforming Loans / Loans4.16%4.06%3.78%3.70%3.64%-52 bps
Net Charge-Offs / Loans0.37%0.27%0.41%0.10%0.11%-26 bps
Allowance / Loans0.68%0.70%0.70%0.74%0.71%+3 bps
Allowance Coverage of NPLs0.2x0.2x0.2x0.2x0.2x0.0x
Capital
Tier 1 Leverage Ratio6.94%7.22%7.57%9.53%9.26%+232 bps
Total Risk-Based Capital13.53%13.38%13.39%16.43%16.13%+260 bps
Equity / Assets3.86%4.23%6.05%7.80%9.10%+524 bps
Liquidity & Funding
Loans / Deposits56.42%59.24%60.62%61.20%62.23%+581 bps
Liquid Assets / Assets36.92%33.50%31.13%31.72%29.05%-787 bps
CRE / Total Capitaln/a243%235%222%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Enterprise Bank of South Carolina

Ehrhardt, SC · Cert 11539 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Varn Financial Corp.

State charter, non-member · FDIC · 12 branches

Q2 2026

$535.1MAssets
$293.9MLoans
$472.2MDeposits
$48.7MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 100% of banks under $1B in assets operating in a single state (rank 1 of 746).
  • Widest gap: nonperforming loans / loans trails 97% of banks under $1B in assets operating in a single state (rank 719 of 743).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

5.99%

Rank 4 of 746

Net Interest Margin

3.48%

Rank 460 of 746

Efficiency Ratio

36.69%

Rank 13 of 746

Equity / Assets

9.10%

Rank 539 of 746

Non-interest income vs. expense

$22.5M$15.0MINCOMEEXPENSE
Favorable gap of $7.5M · efficiency ratio beats 98% of banks under $1B in assets operating in a single state
Bank 36.69%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets5.99%0.72%1.06%1.45%Beats 99%4 / 746
Return on Equity65.81%6.74%10.51%13.63%Beats 100%1 / 746
Net Interest Margin3.48%3.17%3.68%4.16%Beats 38%460 / 746
Efficiency Ratio36.69%55.74%64.58%75.47%Beats 98%13 / 746
Asset Quality
Nonperforming Loans / Loans3.64%0.09%0.42%1.07%Beats 3%719 / 743
Net Charge-Offs / Loans0.06%0.00%0.01%0.05%Beats 21%585 / 743
Capital
Tier 1 Capital Ratio15.47%11.55%13.75%17.60%Beats 65%259 / 746
Total Risk-Based Capital Ratio16.13%11.71%14.33%18.43%Beats 64%266 / 746
Equity / Assets9.10%8.90%10.51%13.06%Beats 28%539 / 746
Liquidity & Funding
Loans / Deposits62.23%61.31%78.27%90.78%26th pctl554 / 746
Loans / Assets54.91%53.60%66.97%76.08%27th pctl546 / 746
Brokered Deposits / Depositsn/aNot reported for this institution