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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 $5.0MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $63.2M26%Noninterest $21.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.97%, up 20 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 2.09% of loans (+84 bps YoY), with net charge-offs at 0.12%.
  • 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.

Return on Assets (YTD, annualized)

0.97%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.42%+12 bps YoY

Efficiency Ratio (YTD, annualized)

71.10%-399 bps YoY

Tier 1 Leverage Ratio

11.72%+2 bps YoY

NIM

3.55%Q2 ’243.93%Q2 ’254.04%Q2 ’26+10%+4%

Non-interest income vs. expense

3.06%Q2 ’242.98%Q2 ’252.89%Q2 ’26-3%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.49%0.49%0.71%0.78%0.81%0.79%0.87%0.97%+20 bps
Return on Equity6.07%6.19%8.76%9.25%9.24%8.84%9.07%10.08%+83 bps
Net Interest Margin2.94%2.90%3.16%3.29%3.36%3.27%3.37%3.42%+12 bps
Efficiency Ratio83.15%82.14%76.28%75.09%73.94%74.14%72.41%71.10%-399 bps
Non-Interest Burden2.33%2.26%2.26%2.31%2.30%2.25%2.27%2.24%-6 bps
Growth
Asset Growth (YoY)-1.31%4.43%3.14%-0.20%-2.61%-1.44%2.98%1.13%+133 bps
Loan Growth (YoY)3.93%2.92%2.96%4.50%1.77%2.11%0.07%-2.95%-745 bps
Deposit Growth (YoY)-3.40%4.41%2.27%-1.34%-3.84%-3.40%1.72%0.01%+135 bps
Asset Quality
Nonperforming Loans / Loans0.49%0.59%1.23%1.25%1.34%1.59%1.48%2.09%+84 bps
Net Charge-Offs / Loans0.01%0.06%-0.04%0.03%0.18%0.13%0.25%0.12%+9 bps
Allowance / Loans1.13%1.20%1.23%1.21%1.17%1.31%1.30%1.34%+14 bps
Allowance Coverage of NPLs2.3x2.0x1.0x1.0x0.9x0.8x0.9x0.6x-0.3x
Capital
Tier 1 Leverage Ratio11.47%10.96%11.15%11.70%11.95%11.39%11.41%11.72%+2 bps
Total Risk-Based Capital11.47%10.96%11.15%11.70%11.95%11.39%11.41%11.72%+2 bps
Equity / Assets8.73%7.70%8.62%8.88%9.76%9.51%9.57%9.88%+100 bps
Liquidity & Funding
Loans / Deposits51.32%49.21%51.48%53.59%54.32%52.01%50.64%52.00%-159 bps
Liquid Assets / Assets4.54%5.07%2.62%5.08%4.17%4.73%4.71%4.87%-21 bps
CRE / Total Capitaln/an/an/an/a43.20%42.95%46.25%n/an/a