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Bay Port State Bank

Bay Port, MI · Cert 15585 · Bay Port Financial Corp.

State charter, non-member · FDIC · 4 branches

Q2 2026

$153.4MAssets
$132.3MLoans
$136.1MDeposits
$16.5MEquity
Loan mix
86%RE $94.2M11%C&I $12.2M3%Consumer $2.9MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $85.5M37%Noninterest $50.5MQ2 2025Q2 2026

NIM

5.36%Q2 ’245.65%Q2 ’255.64%Q2 ’26+6%+2%

Non-interest income vs. expense

3.10%Q2 ’243.04%Q2 ’252.91%Q2 ’26-2%-5%

Executive Summary

  • Earnings: ROA of 1.44%, up 12 bps year over year; NIM at 4.72%.
  • Asset quality: problem loans at 0.65% of loans (+41 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.89%, up 104 bps from a year ago.
  • Funding: loans stand at 97.24% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.44%+12 bps YoY

Net Interest Margin (quarter, annualized)

4.72%+9 bps YoY

Efficiency Ratio (quarter, annualized)

58.60%-363 bps YoY

Tier 1 Leverage Ratio

10.89%+104 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.32%1.37%1.29%1.24%1.44%+12 bps
Return on Equity13.61%13.63%12.63%11.82%13.44%-17 bps
Net Interest Margin4.63%4.68%4.72%4.61%4.72%+9 bps
Efficiency Ratio62.23%60.74%60.73%64.36%58.60%-363 bps
Non-Interest Burden2.79%2.72%2.78%2.88%2.66%-13 bps
Growth
Asset Growth (YoY)2.06%2.85%2.69%-1.07%2.70%+63 bps
Loan Growth (YoY)10.21%10.14%8.86%7.39%2.69%-752 bps
Deposit Growth (YoY)1.14%2.23%1.67%-2.40%1.90%+76 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.76%1.05%0.51%0.65%+41 bps
Net Charge-Offs / Loans-0.01%0.04%0.00%0.37%0.00%+1 bps
Allowance / Loans1.34%1.39%1.51%1.45%1.49%+15 bps
Allowance Coverage of NPLs5.6x1.8x1.4x2.9x2.3x-3.3x
Capital
Tier 1 Leverage Ratio9.85%10.05%10.23%10.55%10.89%+104 bps
Total Risk-Based Capital9.85%10.05%10.23%10.55%10.89%+104 bps
Equity / Assets9.93%10.17%10.28%10.69%10.77%+83 bps
Liquidity & Funding
Loans / Deposits96.50%97.12%93.69%97.08%97.24%+74 bps
Liquid Assets / Assets1.12%0.90%1.00%0.89%0.99%-14 bps
CRE / Total Capitaln/a147.87%148.69%142.90%n/an/a