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United Bank of Michigan

Grand Rapids, MI · Cert 11807 · United Bank Financial Corp.

State charter, non-member · FDIC · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

26

Q2 2024Q2 2026peer median (50)

Asset Quality

88

Q2 2024Q2 2026peer median (50)

Profitability

56

Q2 2024Q2 2026peer median (50)

Liquidity

40

Q2 2024Q2 2026peer median

Efficiency

40

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

United Bank of Michigan

Grand Rapids, MI · Cert 11807 · United Bank Financial Corp.

State charter, non-member · FDIC · 13 branches

Q2 2026

$1.1BAssets
$864.3MLoans
$892.7MDeposits
$110.6MEquity
Loan mix
97%RE $818.8M2%C&I $19.3M0%Consumer $3.6MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $694.1M22%Noninterest $198.5MQ2 2025Q2 2026

NIM

4.69%Q2 ’244.88%Q2 ’255.03%Q2 ’26+8%+10%

Non-interest income vs. expense

2.72%Q2 ’242.62%Q2 ’252.71%Q2 ’26-6%+3%

Market Position · Grand Rapids-Wyoming-Kentwood, MI · 2026 SOD (annual) · 1.4% share · #12 of 28 inst. · $0.5B of $34.4B

27.6% Allegan
1.5% Kent
0.9% Ottawa
5.2% Ionia

Executive Summary

  • Earnings: ROA of 1.29%, up 27 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.06% of loans (+1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.61%, up 65 bps from a year ago.
  • Funding: loans stand at 96.82% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.29%+27 bps YoY

Net Interest Margin (YTD, annualized)

3.57%+33 bps YoY

Efficiency Ratio (YTD, annualized)

62.37%-340 bps YoY

Tier 1 Leverage Ratio

10.61%+65 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.02%1.10%1.13%1.15%1.29%+27 bps
Return on Equity10.63%11.42%11.67%11.66%12.78%+214 bps
Net Interest Margin3.24%3.24%3.29%3.39%3.57%+33 bps
Efficiency Ratio65.77%63.97%64.05%64.09%62.37%-340 bps
Non-Interest Burden1.88%1.80%1.83%1.92%1.94%+6 bps
Growth
Asset Growth (YoY)4.27%7.44%8.44%3.00%2.26%-202 bps
Loan Growth (YoY)2.48%4.91%4.10%2.90%5.61%+312 bps
Deposit Growth (YoY)4.16%7.47%9.92%4.19%3.36%-80 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.15%0.11%0.07%0.06%+1 bps
Net Charge-Offs / Loans0.14%0.09%0.05%0.00%0.00%-14 bps
Allowance / Loans1.01%1.04%1.08%1.06%1.06%+5 bps
Allowance Coverage of NPLs21.6x6.9x9.5x15.9x17.2x-4.4x
Capital
Tier 1 Leverage Ratio9.96%9.91%10.01%10.17%10.61%+65 bps
Total Risk-Based Capital9.96%9.91%10.01%10.17%10.61%+65 bps
Equity / Assets9.71%9.73%9.86%9.91%10.41%+70 bps
Liquidity & Funding
Loans / Deposits94.76%96.32%93.66%90.24%96.82%+206 bps
Liquid Assets / Assets7.44%5.93%6.23%8.24%4.28%-317 bps
CRE / Total Capitaln/a593%574%568%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

United Bank of Michigan

Grand Rapids, MI · Cert 11807 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · United Bank Financial Corp.

State charter, non-member · FDIC · 13 branches

Q2 2026

$1.1BAssets
$864.3MLoans
$892.7MDeposits
$110.6MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 91% of banks $1B-$10B in assets operating in a single state (rank 23 of 258).
  • Widest gap: total risk-based capital ratio trails 88% of banks $1B-$10B in assets operating in a single state (rank 227 of 258).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.30%

Rank 111 of 258

Net Interest Margin

3.57%

Rank 112 of 258

Efficiency Ratio

62.37%

Rank 155 of 257

Equity / Assets

10.41%

Rank 122 of 258

Non-interest income vs. expense

$8.1M$28.6MINCOMEEXPENSE
Unfavorable gap of $20.5M · efficiency ratio beats 40% of banks $1B-$10B in assets operating in a single state
Bank 62.37%Peer median 60.3%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.30%0.93%1.23%1.54%Beats 57%111 / 258
Return on Equity12.52%9.26%11.84%14.74%Beats 55%115 / 258
Net Interest Margin3.57%3.16%3.49%3.88%Beats 57%112 / 258
Efficiency Ratio62.37%51.71%60.30%69.65%Beats 40%155 / 257
Asset Quality
Nonperforming Loans / Loans0.06%0.19%0.46%0.90%Beats 91%23 / 258
Net Charge-Offs / Loans0.00%0.01%0.02%0.07%Beats 85%40 / 258
Capital
Tier 1 Capital Ratio10.61%11.41%12.98%15.12%Beats 14%222 / 258
Total Risk-Based Capital Ratio10.61%12.10%13.91%16.08%Beats 12%227 / 258
Equity / Assets10.41%9.09%10.24%11.72%Beats 53%122 / 258
Liquidity & Funding
Loans / Deposits96.82%73.24%86.34%95.95%78th pctl56 / 258
Loans / Assets81.34%63.01%72.27%78.40%83rd pctl43 / 258
Brokered Deposits / Depositsn/aNot reported for this institution