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West Shore Bank

Ludington, MI · Cert 14929 · West Shore Bank Corp.

State charter, non-member · FDIC · 9 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

30

Q2 2024Q2 2026peer median (50)

Asset Quality

42

Q2 2024Q2 2026peer median (50)

Profitability

41

Q2 2024Q2 2026peer median (50)

Liquidity

39

Q2 2024Q2 2026peer median

Efficiency

23

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

West Shore Bank

Ludington, MI · Cert 14929 · West Shore Bank Corp.

State charter, non-member · FDIC · 9 branches

Q2 2026

$833.6MAssets
$659.4MLoans
$720.2MDeposits
$78.2MEquity
Loan mix
80%RE $509.7M18%C&I $111.3M2%Consumer $14.0MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $576.8M20%Noninterest $143.4MQ2 2025Q2 2026

NIM

4.85%Q2 ’245.29%Q2 ’255.37%Q2 ’26+20%+5%

Non-interest income vs. expense

3.03%Q2 ’243.12%Q2 ’253.44%Q2 ’26+5%+8%

Market Position · Traverse City, MI · 2026 SOD (annual) · 2.4% share · #9 of 13 inst. · $0.1B of $4.8B

65.8% Mason
29.8% Manistee
2.1% Grand Traverse
9.8% Oceana

Executive Summary

  • Earnings: ROA of 0.83%, up 1 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 1.24% of loans (+117 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.85%, up 93 bps from a year ago.
  • Funding: loans stand at 91.56% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.83%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.69%+19 bps YoY

Efficiency Ratio (YTD, annualized)

76.64%+214 bps YoY

Tier 1 Leverage Ratio

9.85%+93 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.91%0.86%0.88%0.83%+1 bps
Return on Equity10.18%11.03%10.21%9.58%8.99%-119 bps
Net Interest Margin3.50%3.55%3.52%3.65%3.69%+19 bps
Efficiency Ratio74.50%72.86%74.55%75.36%76.64%+214 bps
Non-Interest Burden2.42%2.38%2.43%2.55%2.63%+21 bps
Growth
Asset Growth (YoY)3.08%3.45%6.75%6.37%5.57%+249 bps
Loan Growth (YoY)7.59%7.33%12.10%8.51%10.12%+253 bps
Deposit Growth (YoY)-3.08%-0.53%4.01%5.77%10.44%+1,352 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.06%0.27%0.27%1.24%+117 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.00%0.00%-2 bps
Allowance / Loans0.98%0.99%0.95%0.96%0.95%-3 bps
Allowance Coverage of NPLs15.8x15.8x3.5x3.6x0.8x-15.0x
Capital
Tier 1 Leverage Ratio8.91%9.49%9.39%9.55%9.85%+93 bps
Total Risk-Based Capital11.52%12.76%12.53%12.73%12.62%+110 bps
Equity / Assets8.26%8.73%9.12%9.25%9.38%+113 bps
Liquidity & Funding
Loans / Deposits91.83%86.52%93.35%92.21%91.56%-27 bps
Liquid Assets / Assets1.64%7.69%2.90%4.14%3.47%+183 bps
CRE / Total Capitaln/a419%427%420%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

West Shore Bank

Ludington, MI · Cert 14929 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · West Shore Bank Corp.

State charter, non-member · FDIC · 9 branches

Q2 2026

$833.6MAssets
$659.4MLoans
$720.2MDeposits
$78.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 62% of banks under $1B in assets operating in a single state (rank 285 of 743).
  • Widest gap: nonperforming loans / loans trails 78% of banks under $1B in assets operating in a single state (rank 582 of 743).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.83%

Rank 504 of 746

Net Interest Margin

3.69%

Rank 367 of 746

Efficiency Ratio

76.64%

Rank 574 of 746

Equity / Assets

9.38%

Rank 508 of 746

Non-interest income vs. expense

$6.7M$28.3MINCOMEEXPENSE
Unfavorable gap of $21.6M · efficiency ratio beats 23% of banks under $1B in assets operating in a single state
Bank 76.64%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.83%0.72%1.06%1.45%Beats 32%504 / 746
Return on Equity8.80%6.74%10.51%13.63%Beats 39%455 / 746
Net Interest Margin3.69%3.17%3.68%4.16%Beats 51%367 / 746
Efficiency Ratio76.64%55.74%64.58%75.47%Beats 23%574 / 746
Asset Quality
Nonperforming Loans / Loans1.24%0.09%0.42%1.07%Beats 22%582 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 62%285 / 743
Capital
Tier 1 Capital Ratio11.68%11.55%13.75%17.60%Beats 26%551 / 746
Total Risk-Based Capital Ratio12.62%11.71%14.33%18.43%Beats 33%498 / 746
Equity / Assets9.38%8.90%10.51%13.06%Beats 32%508 / 746
Liquidity & Funding
Loans / Deposits91.56%61.31%78.27%90.78%77th pctl174 / 746
Loans / Assets79.11%53.60%66.97%76.08%83rd pctl127 / 746
Brokered Deposits / Depositsn/aNot reported for this institution