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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 $2.9MQ3 2024Q2 2026
Deposit mix
63%Interest-bearing $85.5M37%Noninterest $50.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.34%, up 10 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.65% of loans (+41 bps YoY), with net charge-offs at 0.18%.
  • 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.

Return on Assets (YTD, annualized)

1.34%+10 bps YoY

Net Interest Margin (YTD, annualized)

4.67%+14 bps YoY

Efficiency Ratio (YTD, annualized)

61.45%-265 bps YoY

Tier 1 Leverage Ratio

10.89%+104 bps YoY

NIM

5.27%Q2 ’245.52%Q2 ’255.60%Q2 ’26+4%+3%

Non-interest income vs. expense

3.11%Q2 ’243.06%Q2 ’253.02%Q2 ’26-2%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.17%1.14%1.16%1.24%1.28%1.28%1.24%1.34%+10 bps
Return on Equity13.09%12.66%12.37%13.00%13.22%13.07%11.82%12.63%-37 bps
Net Interest Margin4.37%4.40%4.43%4.53%4.55%4.56%4.61%4.67%+14 bps
Efficiency Ratio66.21%67.30%66.04%64.09%62.94%62.37%64.36%61.45%-265 bps
Non-Interest Burden2.81%2.88%2.84%2.81%2.77%2.75%2.88%2.78%-4 bps
Growth
Asset Growth (YoY)6.67%2.83%3.30%2.06%2.85%2.69%-1.07%2.70%+63 bps
Loan Growth (YoY)3.48%5.68%5.62%10.21%10.14%8.86%7.39%2.69%-752 bps
Deposit Growth (YoY)5.58%2.00%2.51%1.14%2.23%1.67%-2.40%1.90%+76 bps
Asset Quality
Nonperforming Loans / Loans0.69%0.55%0.00%0.24%0.76%1.05%0.51%0.65%+41 bps
Net Charge-Offs / Loans0.10%0.08%-0.01%-0.01%0.01%0.00%0.37%0.18%+19 bps
Allowance / Loans1.33%1.37%1.38%1.34%1.39%1.51%1.45%1.49%+15 bps
Allowance Coverage of NPLs1.9x2.5x832.0x5.6x1.8x1.4x2.9x2.3x-3.3x
Capital
Tier 1 Leverage Ratio9.28%9.55%9.56%9.85%10.05%10.23%10.55%10.89%+104 bps
Total Risk-Based Capital14.36%14.74%9.56%9.85%10.05%10.23%10.55%10.89%+104 bps
Equity / Assets9.41%9.26%9.44%9.93%10.17%10.28%10.69%10.77%+83 bps
Liquidity & Funding
Loans / Deposits90.14%87.51%88.23%96.50%97.12%93.69%97.08%97.24%+74 bps
Liquid Assets / Assets1.80%1.60%2.21%1.12%0.90%1.00%0.89%0.99%-14 bps
CRE / Total Capitaln/an/an/an/a147.87%148.69%142.90%n/an/a