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National Bank of Commerce

Superior, WI · Cert 14266 · Natcom Bancshares, Inc.

National charter · OCC · 21 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=176). 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

30

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

86

Q2 2024Q2 2026peer median (50)

Liquidity

76

Q2 2024Q2 2026peer median

Efficiency

79

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

National Bank of Commerce

Superior, WI · Cert 14266 · Natcom Bancshares, Inc.

National charter · OCC · 21 branches

Q2 2026

$2.2BAssets
$1.7BLoans
$1.9BDeposits
$219.9MEquity
Loan mix
79%RE $1.3B19%C&I $0.3B2%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $1.5B18%Noninterest $0.3BQ2 2025Q2 2026

NIM

5.32%Q2 ’245.79%Q2 ’256.01%Q2 ’26+16%+7%

Non-interest income vs. expense

2.07%Q2 ’242.33%Q2 ’252.34%Q2 ’26+6%+4%

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 20.0% share · #1 of 26 inst. · $1.3B of $6.6B

76.7% Douglas
9.4% St. Louis
6.2% Beltrami
5.3% Crow Wing

Executive Summary

  • Earnings: ROA of 1.66%, up 21 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.64% of loans (+1 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 9.33%, up 54 bps from a year ago.
  • Funding: loans stand at 92.87% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.66%+21 bps YoY

Net Interest Margin (YTD, annualized)

4.18%+29 bps YoY

Efficiency Ratio (YTD, annualized)

50.01%-213 bps YoY

Tier 1 Leverage Ratio

9.33%+54 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.45%1.50%1.54%1.47%1.66%+21 bps
Return on Equity16.01%16.48%16.76%15.20%17.08%+107 bps
Net Interest Margin3.90%3.82%3.88%4.09%4.18%+29 bps
Efficiency Ratio52.14%51.63%51.44%52.03%50.01%-213 bps
Non-Interest Burden1.85%1.80%1.83%2.00%1.93%+8 bps
Growth
Asset Growth (YoY)52.14%50.60%4.27%4.96%4.02%-4,812 bps
Loan Growth (YoY)57.39%51.85%2.48%2.04%1.45%-5,594 bps
Deposit Growth (YoY)53.51%51.08%0.89%1.98%2.81%-5,070 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.84%0.47%0.58%0.64%+1 bps
Net Charge-Offs / Loans0.00%0.04%0.07%0.04%0.05%+6 bps
Allowance / Loans0.97%0.99%0.96%1.00%0.98%+1 bps
Allowance Coverage of NPLs1.5x1.2x2.1x1.7x1.5x0.0x
Capital
Tier 1 Leverage Ratio8.79%8.61%8.83%9.05%9.33%+54 bps
Total Risk-Based Capital11.02%11.49%11.59%11.72%12.03%+101 bps
Equity / Assets9.27%9.28%9.68%9.64%9.85%+57 bps
Liquidity & Funding
Loans / Deposits94.12%88.81%90.22%91.57%92.87%-125 bps
Liquid Assets / Assets2.66%5.98%3.63%2.13%0.93%-172 bps
CRE / Total Capitaln/a443%433%442%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

National Bank of Commerce

Superior, WI · Cert 14266 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Natcom Bancshares, Inc.

National charter · OCC · 21 branches

Q2 2026

$2.2BAssets
$1.7BLoans
$1.9BDeposits
$219.9MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 89% of banks $1B-$10B in assets operating regionally (rank 20 of 176).
  • Widest gap: tier 1 capital ratio trails 76% of banks $1B-$10B in assets operating regionally (rank 133 of 176).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.65%

Rank 30 of 176

Net Interest Margin

4.18%

Rank 23 of 176

Efficiency Ratio

51.47%

Rank 38 of 176

Equity / Assets

9.85%

Rank 108 of 176

Non-interest income vs. expense

$9.1M$51.9MINCOMEEXPENSE
Unfavorable gap of $42.8M · efficiency ratio beats 79% of banks $1B-$10B in assets operating regionally
Bank 51.47%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.65%0.93%1.26%1.54%Beats 83%30 / 176
Return on Equity16.73%9.26%11.89%14.46%Beats 89%20 / 176
Net Interest Margin4.18%3.25%3.59%3.93%Beats 87%23 / 176
Efficiency Ratio51.47%52.79%59.55%67.66%Beats 79%38 / 176
Asset Quality
Nonperforming Loans / Loans0.64%0.30%0.64%1.32%Beats 50%89 / 176
Net Charge-Offs / Loans0.03%0.01%0.04%0.10%Beats 52%86 / 176
Capital
Tier 1 Capital Ratio11.10%11.15%12.72%14.15%Beats 24%133 / 176
Total Risk-Based Capital Ratio12.03%11.81%13.63%15.33%Beats 28%126 / 176
Equity / Assets9.85%9.16%10.35%11.80%Beats 39%108 / 176
Liquidity & Funding
Loans / Deposits92.87%80.94%89.73%97.21%61st pctl68 / 176
Loans / Assets77.06%69.25%75.12%80.82%57th pctl75 / 176
Brokered Deposits / Depositsn/aNot reported for this institution