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Chelsea State Bank

Chelsea, MI · Cert 14009 · CSB Bcorp Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 under $1B in assets operating in a single state (n=743 to 746). 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

76

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

59

Q2 2024Q2 2026peer median (50)

Liquidity

74

Q2 2024Q2 2026peer median

Efficiency

55

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

Chelsea State Bank

Chelsea, MI · Cert 14009 · CSB Bcorp Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$416.5MAssets
$256.4MLoans
$366.0MDeposits
$48.1MEquity
Loan mix
73%RE $185.3M26%C&I $65.3M1%Consumer $1.5MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $254.6M30%Noninterest $111.3MQ2 2025Q2 2026

NIM

5.23%Q2 ’245.16%Q2 ’254.96%Q2 ’26-6%-1%

Non-interest income vs. expense

3.07%Q2 ’242.44%Q2 ’252.64%Q2 ’26-21%+9%

Market Position · Ann Arbor, MI · 2026 SOD (annual) · 3.0% share · #10 of 15 inst. · $0.4B of $12.0B

3.0% Washtenaw
0.1% Jackson

Executive Summary

  • Earnings: ROA of 1.23%, down 17 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 1.33% of loans (+124 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 12.76%, up 4 bps from a year ago.
  • Funding: loans stand at 70.06% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.23%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.90%-3 bps YoY

Efficiency Ratio (YTD, annualized)

63.02%+505 bps YoY

Tier 1 Leverage Ratio

12.76%+4 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.40%1.43%1.44%1.02%1.23%-17 bps
Return on Equity13.08%13.11%13.01%9.06%10.89%-219 bps
Net Interest Margin3.93%3.94%3.94%3.64%3.90%-3 bps
Efficiency Ratio57.97%58.46%59.11%66.45%63.02%+505 bps
Non-Interest Burden2.17%2.18%2.21%2.32%2.35%+19 bps
Growth
Asset Growth (YoY)-0.63%4.47%2.00%2.01%2.93%+356 bps
Loan Growth (YoY)2.28%-0.76%-4.09%-2.13%-1.64%-392 bps
Deposit Growth (YoY)-1.80%4.40%0.82%1.75%2.40%+420 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.06%1.26%1.23%1.33%+124 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%-0.01%-0.01%-1 bps
Allowance / Loans1.62%1.61%1.60%1.60%1.57%-6 bps
Allowance Coverage of NPLs18.8x27.0x1.3x1.3x1.2x-17.6x
Capital
Tier 1 Leverage Ratio12.72%12.87%12.68%12.17%12.76%+4 bps
Total Risk-Based Capital19.87%20.48%20.63%19.95%20.76%+88 bps
Equity / Assets11.01%11.39%11.60%10.86%11.54%+53 bps
Liquidity & Funding
Loans / Deposits72.93%70.35%69.54%68.79%70.06%-288 bps
Liquid Assets / Assets8.03%11.12%13.23%14.40%13.53%+550 bps
CRE / Total Capitaln/a280%280%295%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

Chelsea State Bank

Chelsea, MI · Cert 14009 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · CSB Bcorp Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$416.5MAssets
$256.4MLoans
$366.0MDeposits
$48.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 185 of 743).
  • Widest gap: nonperforming loans / loans trails 80% of banks under $1B in assets operating in a single state (rank 599 of 743).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.24%

Rank 273 of 746

Net Interest Margin

3.90%

Rank 290 of 746

Efficiency Ratio

63.02%

Rank 338 of 746

Equity / Assets

11.54%

Rank 271 of 746

Non-interest income vs. expense

$1.2M$11.0MINCOMEEXPENSE
Unfavorable gap of $9.8M · efficiency ratio beats 55% of banks under $1B in assets operating in a single state
Bank 63.02%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.24%0.72%1.06%1.45%Beats 63%273 / 746
Return on Equity10.72%6.74%10.51%13.63%Beats 53%354 / 746
Net Interest Margin3.90%3.17%3.68%4.16%Beats 61%290 / 746
Efficiency Ratio63.02%55.74%64.58%75.47%Beats 55%338 / 746
Asset Quality
Nonperforming Loans / Loans1.33%0.09%0.42%1.07%Beats 20%599 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio19.50%11.55%13.75%17.60%Beats 81%140 / 746
Total Risk-Based Capital Ratio20.76%11.71%14.33%18.43%Beats 82%131 / 746
Equity / Assets11.54%8.90%10.51%13.06%Beats 64%271 / 746
Liquidity & Funding
Loans / Deposits70.06%61.31%78.27%90.78%35th pctl482 / 746
Loans / Assets61.55%53.60%66.97%76.08%39th pctl457 / 746
Brokered Deposits / Depositsn/aNot reported for this institution