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Peoples State Bank of Munising

Munising, MI · Cert 15165 · Peoples State Bcorp Inc.

State charter, non-member · FDIC · 5 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=748 to 752). 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

47

Q2 2024Q2 2026peer median (50)

Asset Quality

24

Q2 2024Q2 2026peer median (50)

Profitability

15

Q2 2024Q2 2026peer median (50)

Liquidity

98

Q2 2024Q2 2026peer median

Efficiency

11

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 2026-10-10

Peoples State Bank of Munising

Munising, MI · Cert 15165 · Peoples State Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$190.4MAssets
$110.7MLoans
$142.0MDeposits
$22.9MEquity
Loan mix
81%RE $89.4M16%C&I $17.3M3%Consumer $3.8MQ2 2025Q2 2026
Deposit mix
66%Interest-bearing $94.0M34%Noninterest $48.0MQ2 2025Q2 2026

NIM

3.90%Q2 ’244.21%Q2 ’254.21%Q2 ’26+12%+9%

Non-interest income vs. expense

2.33%Q2 ’242.55%Q2 ’252.95%Q2 ’26+26%+18%

Executive Summary

  • Earnings: ROA of 0.43%, down 9 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 3.39% of loans (+211 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 12.75%, up 121 bps from a year ago.
  • Funding: loans stand at 77.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.43%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.00%+24 bps YoY

Efficiency Ratio (YTD, annualized)

83.64%+571 bps YoY

Tier 1 Leverage Ratio

12.75%+121 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.52%0.57%0.71%0.42%0.43%-9 bps
Return on Equity5.12%5.45%6.56%3.49%3.56%-156 bps
Net Interest Margin2.76%2.95%2.82%2.94%3.00%+24 bps
Efficiency Ratio77.93%75.34%73.32%83.77%83.64%+571 bps
Non-Interest Burden2.12%2.18%1.98%2.46%2.50%+37 bps
Growth
Asset Growth (YoY)-3.38%-5.92%-9.12%-6.73%-4.10%-72 bps
Loan Growth (YoY)-3.95%-1.31%-8.36%-3.86%-3.27%+67 bps
Deposit Growth (YoY)-1.32%-2.03%-5.21%-6.35%-5.23%-391 bps
Asset Quality
Nonperforming Loans / Loans1.28%3.89%3.34%3.59%3.39%+211 bps
Net Charge-Offs / Loans-0.01%0.01%0.01%0.07%0.03%+5 bps
Allowance / Loans1.97%1.96%2.09%2.00%2.00%+3 bps
Allowance Coverage of NPLs1.5x0.5x0.6x0.6x0.6x-0.9x
Capital
Tier 1 Leverage Ratio11.54%11.95%11.49%12.64%12.75%+121 bps
Total Risk-Based Capital11.54%11.95%11.49%12.64%12.75%+121 bps
Equity / Assets10.66%11.41%12.28%11.96%12.02%+136 bps
Liquidity & Funding
Loans / Deposits76.39%74.82%76.91%77.35%77.97%+158 bps
Liquid Assets / Assets1.25%0.10%0.13%0.09%0.13%-112 bps
CRE / Total Capitaln/a315%283%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 2026-10-10

Peoples State Bank of Munising

Munising, MI · Cert 15165 · Peer group: banks under $1B in assets operating in a single state (n=748-752) · Peoples State Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$190.4MAssets
$110.7MLoans
$142.0MDeposits
$22.9MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 67% of banks under $1B in assets operating in a single state (rank 251 of 752).
  • Widest gap: nonperforming loans / loans trails 96% of banks under $1B in assets operating in a single state (rank 718 of 748).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.42%

Rank 647 of 752

Net Interest Margin

3.00%

Rank 619 of 752

Efficiency Ratio

85.69%

Rank 673 of 752

Equity / Assets

12.02%

Rank 251 of 752

Non-interest income vs. expense

$0.9M$5.5MINCOMEEXPENSE
Unfavorable gap of $4.7M · efficiency ratio beats 11% of banks under $1B in assets operating in a single state
Bank 85.69%Peer median 64.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.42%0.72%1.07%1.45%Beats 14%647 / 752
Return on Equity3.51%6.78%10.58%13.65%Beats 12%660 / 752
Net Interest Margin3.00%3.18%3.69%4.17%Beats 18%619 / 752
Efficiency Ratio85.69%55.75%64.49%75.47%Beats 11%673 / 752
Asset Quality
Nonperforming Loans / Loans3.39%0.09%0.42%1.03%Beats 4%718 / 748
Net Charge-Offs / Loans0.02%0.00%0.01%0.05%Beats 44%424 / 748
Capital
Tier 1 Capital Ratio12.75%11.55%13.75%17.60%Beats 39%461 / 752
Total Risk-Based Capital Ratio12.75%11.70%14.33%18.47%Beats 34%496 / 752
Equity / Assets12.02%8.93%10.56%13.13%Beats 67%251 / 752
Liquidity & Funding
Loans / Deposits77.97%62.23%78.64%91.26%49th pctl384 / 752
Loans / Assets58.17%54.61%67.41%76.47%31st pctl516 / 752
Brokered Deposits / Depositsn/aNot reported for this institution