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Letter portraitLegal landscapeQuarterYTD

Upstate National Bank, The

Ogdensburg, NY · Cert 13748

National charter · OCC · 3 branches

Q2 2026

$294.8MAssets
$232.6MLoans
$208.8MDeposits
$28.8MEquity
Loan mix
96%RE $218.1M4%C&I $8.5M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $179.7M14%Noninterest $29.2MQ2 2025Q2 2026

NIM

5.04%Q2 ’245.35%Q2 ’255.67%Q2 ’26+43%+25%

Non-interest income vs. expense

3.24%Q2 ’242.36%Q2 ’252.43%Q2 ’26-40%+25%

Market Position · Rochester, NY · 2026 SOD (annual) · 0.7% share · #13 of 19 inst. · $0.2B of $27.0B

0.9% Monroe
0.8% Jefferson
0.7% St. Lawrence

Executive Summary

  • Earnings: ROA of 0.07%, down 23 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.19%, down 59 bps from a year ago.
  • Funding: loans stand at 111.36% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.07%-23 bps YoY

Net Interest Margin (quarter, annualized)

2.50%+50 bps YoY

Efficiency Ratio (quarter, annualized)

95.02%-108 bps YoY

Tier 1 Leverage Ratio

10.19%-59 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.30%0.05%0.89%0.06%0.07%-23 bps
Return on Equity2.97%0.44%8.62%0.58%0.71%-227 bps
Net Interest Margin2.00%1.72%1.99%1.98%2.50%+50 bps
Efficiency Ratio96.10%109.55%69.76%94.66%95.02%-108 bps
Non-Interest Burden1.88%1.88%1.17%1.86%2.36%+47 bps
Growth
Asset Growth (YoY)-8.55%-3.21%4.97%6.13%12.41%+2,095 bps
Loan Growth (YoY)-8.36%-1.75%1.60%1.82%8.35%+1,670 bps
Deposit Growth (YoY)-6.68%-1.44%11.73%13.50%20.62%+2,730 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.23%1.13%1.02%1.00%0.98%-26 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.78%10.76%10.65%10.71%10.19%-59 bps
Total Risk-Based Capital17.19%16.91%17.29%10.71%16.53%-67 bps
Equity / Assets10.58%10.17%10.45%10.11%9.78%-79 bps
Liquidity & Funding
Loans / Deposits123.97%119.17%117.23%113.66%111.36%-1,261 bps
Liquid Assets / Assets6.86%9.88%8.77%10.62%11.68%+482 bps
CRE / Total Capitaln/a385%382%389%n/an/a