Ehrhardt, SC · Cert 11539 · Varn Financial Corp.
State charter, non-member · FDIC · 12 branches
Q2 2026
Board Package
Performance Trends and Peer Comparison
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.
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.
Capital
52
Asset Quality
12
Profitability
79
Liquidity
50
Efficiency
98
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.
Ehrhardt, SC · Cert 11539 · Varn Financial Corp.
State charter, non-member · FDIC · 12 branches
Q2 2026
Market Position · Charleston-North Charleston, SC · 2026 SOD (annual) · 0.2% share · #28 of 37 inst. · $0.1B of $25.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.53% | 0.53% | 0.67% | 0.78% | 0.80% | 2.30% | 8.55% | 6.21% | +543 bps | |
| Return on Equity | 19.37% | 18.70% | 20.49% | 22.48% | 21.97% | 55.88% | 123.01% | 80.70% | +5,822 bps | |
| Net Interest Margin | 2.99% | 2.88% | 3.07% | 3.23% | 3.29% | 3.42% | 3.46% | 3.48% | +25 bps | |
| Efficiency Ratio | 79.48% | 79.13% | 75.32% | 73.69% | 73.41% | 70.92% | 23.19% | 36.69% | -3,700 bps | |
| Non-Interest Burden | 2.28% | 2.19% | 2.21% | 2.26% | 2.30% | 2.26% | -5.58% | -1.39% | -366 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.78% | 7.55% | 10.88% | 6.03% | 6.60% | -0.50% | 3.27% | 9.41% | +337 bps | |
| Loan Growth (YoY) | -2.37% | -1.32% | 0.68% | 3.11% | 9.35% | 7.80% | 9.61% | 11.23% | +812 bps | |
| Deposit Growth (YoY) | -3.01% | 6.69% | 9.89% | 5.07% | 5.42% | -3.57% | -4.14% | 0.84% | -422 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 3.49% | 4.77% | 3.89% | 4.16% | 4.06% | 3.78% | 3.70% | 3.64% | -52 bps | |
| Net Charge-Offs / Loans | 0.14% | 0.31% | 0.46% | 0.37% | 0.27% | 0.41% | 0.10% | 0.11% | -26 bps | |
| Allowance / Loans | 0.85% | 0.71% | 0.68% | 0.68% | 0.70% | 0.70% | 0.74% | 0.71% | +3 bps | |
| Allowance Coverage of NPLs | 0.2x | 0.1x | 0.2x | 0.2x | 0.2x | 0.2x | 0.2x | 0.2x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.00% | 6.88% | 6.78% | 6.94% | 7.22% | 7.57% | 9.53% | 9.26% | +232 bps | |
| Total Risk-Based Capital | 13.50% | 13.19% | 13.35% | 13.53% | 13.38% | 13.39% | 16.43% | 16.13% | +260 bps | |
| Equity / Assets | 3.16% | 3.12% | 3.38% | 3.86% | 4.23% | 6.05% | 7.80% | 9.10% | +524 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 57.12% | 54.23% | 53.52% | 56.42% | 59.24% | 60.62% | 61.20% | 62.23% | +581 bps | |
| Liquid Assets / Assets | 39.72% | 40.99% | 41.07% | 36.92% | 33.50% | 31.13% | 31.72% | 29.05% | -787 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 243% | 235% | 222% | n/a | n/a | |
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
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
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 5.99% | 0.72% | 1.06% | 1.45% | Beats 99% | 4 / 746 | ||
| Return on Equity | 65.81% | 6.74% | 10.51% | 13.63% | Beats 100% | 1 / 746 | ||
| Net Interest Margin | 3.48% | 3.17% | 3.68% | 4.16% | Beats 38% | 460 / 746 | ||
| Efficiency Ratio | 36.69% | 55.74% | 64.58% | 75.47% | Beats 98% | 13 / 746 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 3.64% | 0.09% | 0.42% | 1.07% | Beats 3% | 719 / 743 | ||
| Net Charge-Offs / Loans | 0.06% | 0.00% | 0.01% | 0.05% | Beats 21% | 585 / 743 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 15.47% | 11.55% | 13.75% | 17.60% | Beats 65% | 259 / 746 | ||
| Total Risk-Based Capital Ratio | 16.13% | 11.71% | 14.33% | 18.43% | Beats 64% | 266 / 746 | ||
| Equity / Assets | 9.10% | 8.90% | 10.51% | 13.06% | Beats 28% | 539 / 746 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 62.23% | 61.31% | 78.27% | 90.78% | 26th pctl | 554 / 746 | ||
| Loans / Assets | 54.91% | 53.60% | 66.97% | 76.08% | 27th pctl | 546 / 746 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||