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Union Bank and Trust Company

Lincoln, NE · Cert 13421 · Farmers&Merchants Inv Inc.

State charter, non-member · FDIC · 37 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 regionally3

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 regionally (n=174). 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

53

Q2 2024Q2 2026peer median (50)

Asset Quality

52

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

65

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

Union Bank and Trust Company

Lincoln, NE · Cert 13421 · Farmers&Merchants Inv Inc.

State charter, non-member · FDIC · 37 branches

Q2 2026

$9.2BAssets
$7.0BLoans
$7.5BDeposits
$999.2MEquity
Loan mix
69%RE $4.4B21%C&I $1.3B10%Consumer $0.6BQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $6.6B12%Noninterest $0.9BQ2 2025Q2 2026

NIM

5.94%Q2 ’245.82%Q2 ’255.67%Q2 ’26+10%+2%

Non-interest income vs. expense

2.74%Q2 ’242.71%Q2 ’252.72%Q2 ’26+13%-13%

Market Position · Lincoln, NE · 2026 SOD (annual) · 37.0% share · #1 of 33 inst. · $6.0B of $16.1B

39.5% Lancaster
1.4% Douglas
7.0% Wyandotte
0.5% Johnson

Executive Summary

  • Earnings: ROA of 1.66%, up 30 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.32% of loans (-7 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 10.65%, up 85 bps from a year ago.
  • Funding: loans stand at 93.09% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.66%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+8 bps YoY

Efficiency Ratio (YTD, annualized)

54.69%-291 bps YoY

Tier 1 Leverage Ratio

10.65%+85 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.36%1.40%1.60%1.56%1.66%+30 bps
Return on Equity13.76%14.10%15.93%14.91%15.67%+191 bps
Net Interest Margin3.36%3.33%3.37%3.38%3.44%+8 bps
Efficiency Ratio57.59%57.52%55.24%55.67%54.69%-291 bps
Non-Interest Burden1.36%1.35%1.18%1.24%1.18%-18 bps
Growth
Asset Growth (YoY)3.53%0.93%3.83%5.57%4.98%+145 bps
Loan Growth (YoY)5.86%6.32%6.67%6.81%4.97%-89 bps
Deposit Growth (YoY)11.61%6.94%3.20%2.54%2.22%-938 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.55%0.52%0.31%0.32%-7 bps
Net Charge-Offs / Loans0.06%0.06%0.15%0.15%0.10%+4 bps
Allowance / Loans1.62%1.61%1.59%1.57%1.58%-4 bps
Allowance Coverage of NPLs4.1x2.9x3.0x5.0x4.9x+0.8x
Capital
Tier 1 Leverage Ratio9.80%9.80%10.39%10.10%10.65%+85 bps
Total Risk-Based Capital12.91%13.27%13.63%13.51%13.96%+105 bps
Equity / Assets9.94%10.24%10.51%10.40%10.82%+88 bps
Liquidity & Funding
Loans / Deposits90.66%90.83%88.63%91.73%93.09%+244 bps
Liquid Assets / Assets0.13%0.24%0.24%0.02%0.38%+26 bps
CRE / Total Capitaln/a383%365%370%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

Union Bank and Trust Company

Lincoln, NE · Cert 13421 · Peer group: banks $1B-$10B in assets operating regionally (n=174) · Farmers&Merchants Inv Inc.

State charter, non-member · FDIC · 37 branches

Q2 2026

$9.2BAssets
$7.0BLoans
$7.5BDeposits
$999.2MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 83% of banks $1B-$10B in assets operating regionally (rank 30 of 174).
  • Widest gap: net charge-offs / loans trails 67% of banks $1B-$10B in assets operating regionally (rank 117 of 174).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.65%

Rank 30 of 174

Net Interest Margin

3.44%

Rank 98 of 174

Efficiency Ratio

54.69%

Rank 62 of 174

Equity / Assets

10.82%

Rank 73 of 174

Non-interest income vs. expense

$142.6M$252.4MINCOMEEXPENSE
Unfavorable gap of $109.7M · efficiency ratio beats 65% of banks $1B-$10B in assets operating regionally
Bank 54.69%Peer median 59.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.65%0.93%1.27%1.52%Beats 83%30 / 174
Return on Equity15.21%9.26%11.89%14.41%Beats 81%33 / 174
Net Interest Margin3.44%3.22%3.56%3.91%Beats 44%98 / 174
Efficiency Ratio54.69%51.59%59.21%67.02%Beats 65%62 / 174
Asset Quality
Nonperforming Loans / Loans0.32%0.29%0.60%1.18%Beats 70%53 / 174
Net Charge-Offs / Loans0.07%0.01%0.03%0.10%Beats 33%117 / 174
Capital
Tier 1 Capital Ratio12.71%11.19%12.82%14.11%Beats 48%91 / 174
Total Risk-Based Capital Ratio13.96%11.81%13.70%15.33%Beats 52%83 / 174
Equity / Assets10.82%9.15%10.31%11.72%Beats 58%73 / 174
Liquidity & Funding
Loans / Deposits93.09%80.93%90.31%97.12%63rd pctl65 / 174
Loans / Assets75.74%69.01%75.52%80.85%51st pctl85 / 174
Brokered Deposits / Depositsn/aNot reported for this institution