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Mayville State Bank

Mayville, MI · Cert 12899 · Mayville Financial Corp.

State charter, non-member · FDIC · 2 branches

Q2 2026

$94.6MAssets
$44.2MLoans
$85.0MDeposits
$9.4MEquity
Loan mix
84%RE $37.1M5%C&I $2.0M11%Consumer $5.0MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $63.2M26%Noninterest $21.8MQ2 2025Q2 2026

NIM

3.59%Q2 ’243.91%Q2 ’254.05%Q2 ’26+13%+3%

Non-interest income vs. expense

3.09%Q2 ’242.98%Q2 ’252.85%Q2 ’26-5%-4%

Executive Summary

  • Earnings: ROA of 1.08%, up 23 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 2.09% of loans (+84 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 11.72%, up 2 bps from a year ago.
  • Funding: loans stand at 52.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.08%+23 bps YoY

Net Interest Margin (quarter, annualized)

3.41%+9 bps YoY

Efficiency Ratio (quarter, annualized)

69.81%-414 bps YoY

Tier 1 Leverage Ratio

11.72%+2 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.84%0.87%0.73%0.87%1.08%+23 bps
Return on Equity9.63%9.37%7.57%9.07%11.05%+143 bps
Net Interest Margin3.32%3.45%3.35%3.37%3.41%+9 bps
Efficiency Ratio73.95%71.74%74.72%72.41%69.81%-414 bps
Non-Interest Burden2.27%2.27%2.34%2.27%2.18%-9 bps
Growth
Asset Growth (YoY)-0.20%-2.61%-1.44%2.98%1.13%+133 bps
Loan Growth (YoY)4.50%1.77%2.11%0.07%-2.95%-745 bps
Deposit Growth (YoY)-1.34%-3.84%-3.40%1.72%0.01%+135 bps
Asset Quality
Nonperforming Loans / Loans1.25%1.34%1.59%1.48%2.09%+84 bps
Net Charge-Offs / Loans0.10%0.49%-0.03%0.25%-0.02%-11 bps
Allowance / Loans1.21%1.17%1.31%1.30%1.34%+14 bps
Allowance Coverage of NPLs1.0x0.9x0.8x0.9x0.6x-0.3x
Capital
Tier 1 Leverage Ratio11.70%11.95%11.39%11.41%11.72%+2 bps
Total Risk-Based Capital11.70%11.95%11.39%11.41%11.72%+2 bps
Equity / Assets8.88%9.76%9.51%9.57%9.88%+100 bps
Liquidity & Funding
Loans / Deposits53.59%54.32%52.01%50.64%52.00%-159 bps
Liquid Assets / Assets5.08%4.17%4.73%4.71%4.87%-21 bps
CRE / Total Capitaln/a43.20%42.95%46.25%n/an/a