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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 $0.0MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $179.7M14%Noninterest $29.2MQ3 2024Q2 2026

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%, up 24 bps year over year; NIM at 2.19%.
  • 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.

Return on Assets (YTD, annualized)

0.07%+24 bps YoY

Net Interest Margin (YTD, annualized)

2.19%+46 bps YoY

Efficiency Ratio (YTD, annualized)

94.87%-2,307 bps YoY

Tier 1 Leverage Ratio

10.19%-59 bps YoY

NIM

5.25%Q2 ’245.10%Q2 ’255.27%Q2 ’26+27%+27%

Non-interest income vs. expense

2.47%Q2 ’242.33%Q2 ’252.12%Q2 ’26-13%0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-1.01%-0.99%-0.66%-0.18%-0.10%0.15%0.06%0.07%+24 bps
Return on Equity-10.65%-10.33%-6.59%-1.75%-1.00%1.49%0.58%0.64%+240 bps
Net Interest Margin1.36%1.39%1.46%1.73%1.72%1.74%1.98%2.19%+46 bps
Efficiency Ratio187.88%180.79%153.98%117.93%115.25%100.51%94.66%94.87%-2,307 bps
Non-Interest Burden2.62%2.57%2.25%2.07%2.00%1.74%1.86%2.06%0 bps
Growth
Asset Growth (YoY)-8.44%-19.29%-12.75%-8.55%-3.21%4.97%6.13%12.41%+2,095 bps
Loan Growth (YoY)-14.96%-13.35%-8.56%-8.36%-1.75%1.60%1.82%8.35%+1,670 bps
Deposit Growth (YoY)-9.50%-15.18%-14.08%-6.68%-1.44%11.73%13.50%20.62%+2,730 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.02%-0.11%-0.06%-0.04%-0.03%0.00%0.00%+6 bps
Allowance / Loans1.31%1.29%1.29%1.23%1.13%1.02%1.00%0.98%-26 bps
Allowance Coverage of NPLs13.9x48.1xn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.86%9.95%10.32%10.78%10.76%10.65%10.71%10.19%-59 bps
Total Risk-Based Capital16.39%16.24%16.12%17.19%16.91%17.29%10.71%16.53%-67 bps
Equity / Assets9.74%10.07%9.90%10.58%10.17%10.45%10.11%9.78%-79 bps
Liquidity & Funding
Loans / Deposits119.53%128.91%126.69%123.97%119.17%117.23%113.66%111.36%-1,261 bps
Liquid Assets / Assets10.86%5.07%5.95%6.86%9.88%8.77%10.62%11.68%+482 bps
CRE / Total Capitaln/an/an/an/a385%382%389%n/an/a