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Arthur State Bank

Union, SC · Cert 15085 · Jco Ventures LLC

State charter, non-member · FDIC · 19 branches

Q2 2026

$831.9MAssets
$619.1MLoans
$686.1MDeposits
$56.6MEquity
Loan mix
95%RE $569.2M4%C&I $26.2M1%Consumer $5.8MQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $479.3M30%Noninterest $206.8MQ3 2024Q2 2026

Market Position · Spartanburg, SC · 2026 SOD (annual) · 7.3% share · #5 of 22 inst. · $0.5B of $6.6B

4.5% Spartanburg
64.9% Union
9.2% Laurens
0.4% Greenville

Executive Summary

  • Earnings: ROA of 1.18%, up 1 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 0.60% of loans (+1 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 8.30%, up 14 bps from a year ago.
  • Funding: loans stand at 90.23% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.18%+1 bps YoY

Net Interest Margin (quarter, annualized)

4.34%+10 bps YoY

Efficiency Ratio (quarter, annualized)

69.08%+108 bps YoY

Tier 1 Leverage Ratio

8.30%+14 bps YoY

NIM

4.32%Q2 ’244.87%Q2 ’255.07%Q2 ’26+16%+2%

Non-interest income vs. expense

3.59%Q2 ’243.50%Q2 ’253.61%Q2 ’26-1%+5%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.92%1.23%1.08%1.17%1.21%1.19%1.07%1.18%+1 bps
Return on Equity15.70%20.66%17.93%18.99%19.26%18.32%16.08%17.51%-148 bps
Net Interest Margin3.72%4.37%4.08%4.25%4.22%4.25%4.21%4.34%+10 bps
Efficiency Ratio71.71%63.66%67.70%68.00%67.53%68.79%71.09%69.08%+108 bps
Non-Interest Burden2.38%2.43%2.46%2.60%2.54%2.63%2.74%2.73%+13 bps
Growth
Asset Growth (YoY)0.56%3.67%4.20%7.26%9.95%5.24%4.71%3.07%-419 bps
Loan Growth (YoY)4.59%6.23%9.10%10.36%11.29%8.89%6.54%6.05%-432 bps
Deposit Growth (YoY)7.70%3.31%-1.03%2.32%0.12%-2.38%1.46%0.97%-135 bps
Asset Quality
Nonperforming Loans / Loans0.64%0.64%0.66%0.59%0.55%0.58%0.61%0.60%+1 bps
Net Charge-Offs / Loans0.01%0.02%0.05%-0.04%-0.01%0.01%0.00%0.02%+6 bps
Allowance / Loans0.95%1.03%1.04%1.04%1.04%1.05%1.05%1.04%0 bps
Allowance Coverage of NPLs1.5x1.6x1.6x1.8x1.9x1.8x1.7x1.7x0.0x
Capital
Tier 1 Leverage Ratio8.13%8.16%8.20%8.16%8.19%8.11%8.27%8.30%+14 bps
Total Risk-Based Capital12.74%12.65%12.96%13.13%13.29%13.31%13.38%13.35%+22 bps
Equity / Assets5.99%5.96%6.09%6.21%6.36%6.61%6.66%6.80%+59 bps
Liquidity & Funding
Loans / Deposits78.76%80.41%83.35%85.91%87.55%89.69%87.52%90.23%+432 bps
Liquid Assets / Assets19.11%19.47%18.89%18.93%18.46%17.40%17.66%16.76%-217 bps
CRE / Total Capitaln/an/an/an/a336%329%335%n/an/a