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State Bank of Cherry

Cherry, IL · Cert 11686 · Cherry Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IL3

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 in IL (n=149 to 151). 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

34

Q2 2024Q2 2026peer median (50)

Asset Quality

30

Q2 2024Q2 2026peer median (50)

Profitability

31

Q2 2024Q2 2026peer median (50)

Liquidity

7

Q2 2024Q2 2026peer median

Efficiency

42

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

State Bank of Cherry

Cherry, IL · Cert 11686 · Cherry Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$137.6MAssets
$93.1MLoans
$105.5MDeposits
$15.4MEquity
Loan mix
83%RE $62.3M13%C&I $9.7M4%Consumer $3.2MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $88.0M17%Noninterest $17.5MQ2 2025Q2 2026

NIM

5.01%Q2 ’245.18%Q2 ’255.03%Q2 ’26+2%-8%

Non-interest income vs. expense

1.95%Q2 ’242.08%Q2 ’252.36%Q2 ’26+5%+17%

Executive Summary

  • Earnings: ROA of 0.78%, down 56 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.50% of loans (-224 bps YoY), with net charge-offs at 1.13%.
  • Capital: tier 1 leverage ratio of 11.63%, down 33 bps from a year ago.
  • Funding: loans stand at 88.30% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.78%-56 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-27 bps YoY

Efficiency Ratio (YTD, annualized)

66.49%+1,240 bps YoY

Tier 1 Leverage Ratio

11.63%-33 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.27%1.16%0.88%0.78%-56 bps
Return on Equity11.93%11.30%10.22%7.77%6.89%-505 bps
Net Interest Margin3.56%3.51%3.48%3.27%3.29%-27 bps
Efficiency Ratio54.09%55.77%57.37%63.55%66.49%+1,240 bps
Non-Interest Burden1.80%1.85%1.90%1.97%2.10%+31 bps
Growth
Asset Growth (YoY)12.12%11.25%7.12%8.21%0.87%-1,126 bps
Loan Growth (YoY)2.94%2.07%-1.60%-4.91%-8.00%-1,093 bps
Deposit Growth (YoY)3.10%5.53%4.98%5.49%-2.05%-515 bps
Asset Quality
Nonperforming Loans / Loans2.74%1.49%1.04%1.07%0.50%-224 bps
Net Charge-Offs / Loans0.00%0.00%0.35%0.28%1.13%+113 bps
Allowance / Loans1.90%1.99%1.65%1.73%1.35%-55 bps
Allowance Coverage of NPLs0.7x1.3x1.6x1.6x2.7x+2.0x
Capital
Tier 1 Leverage Ratio11.96%11.87%11.93%11.55%11.63%-33 bps
Total Risk-Based Capital11.96%11.87%11.93%11.55%11.63%-33 bps
Equity / Assets11.17%11.50%11.70%11.08%11.19%+2 bps
Liquidity & Funding
Loans / Deposits94.02%91.85%92.91%85.88%88.30%-571 bps
Liquid Assets / Assets1.75%1.63%2.53%6.04%2.14%+39 bps
CRE / Total Capitaln/a80.10%67.71%78.50%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

State Bank of Cherry

Cherry, IL · Cert 11686 · Peer group: banks under $1B in assets in IL (n=149-151) · Cherry Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$137.6MAssets
$93.1MLoans
$105.5MDeposits
$15.4MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 62% of banks under $1B in assets in IL (rank 58 of 151).
  • Widest gap: net charge-offs / loans trails 96% of banks under $1B in assets in IL (rank 144 of 149).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.78%

Rank 104 of 151

Net Interest Margin

3.29%

Rank 95 of 151

Efficiency Ratio

66.49%

Rank 88 of 151

Equity / Assets

11.19%

Rank 58 of 151

Non-interest income vs. expense

$0.4M$3.3MINCOMEEXPENSE
Unfavorable gap of $2.9M · efficiency ratio beats 42% of banks under $1B in assets in IL
Bank 66.49%Peer median 64.9%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.78%0.70%1.03%1.34%Beats 31%104 / 151
Return on Equity7.00%6.74%9.34%12.94%Beats 26%111 / 151
Net Interest Margin3.29%3.02%3.43%3.83%Beats 37%95 / 151
Efficiency Ratio66.49%54.64%64.89%72.50%Beats 42%88 / 151
Asset Quality
Nonperforming Loans / Loans0.50%0.20%0.66%1.77%Beats 56%66 / 149
Net Charge-Offs / Loans0.58%0.00%0.02%0.07%Beats 4%144 / 149
Capital
Tier 1 Capital Ratio11.63%11.83%14.17%18.66%Beats 22%118 / 151
Total Risk-Based Capital Ratio11.63%12.22%14.54%19.92%Beats 18%124 / 151
Equity / Assets11.19%9.10%10.65%12.40%Beats 62%58 / 151
Liquidity & Funding
Loans / Deposits88.30%54.39%71.02%80.75%87th pctl19 / 149
Loans / Assets67.68%45.91%61.31%68.01%74th pctl39 / 151
Brokered Deposits / Depositsn/aNot reported for this institution