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United Bank

Zebulon, GA · Cert 172 · United Bk Employee STK Ownership Plan Tr

State charter, non-member · FDIC · 17 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

89

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

96

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

87

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

United Bank

Zebulon, GA · Cert 172 · United Bk Employee STK Ownership Plan Tr

State charter, non-member · FDIC · 17 branches

Q2 2026

$2.2BAssets
$946.5MLoans
$1.9BDeposits
$260.0MEquity
Loan mix
87%RE $803.9M7%C&I $61.1M6%Consumer $56.5MQ2 2025Q2 2026
Deposit mix
60%Interest-bearing $1.1B40%Noninterest $0.7BQ2 2025Q2 2026

NIM

5.55%Q2 ’245.50%Q2 ’255.27%Q2 ’26-1%-5%

Non-interest income vs. expense

2.66%Q2 ’242.77%Q2 ’252.90%Q2 ’26+8%+7%

Market Position · Atlanta-Sandy Springs-Roswell, GA · 2026 SOD (annual) · 0.5% share · #20 of 81 inst. · $1.3B of $255.1B

35.7% Spalding
100.0% Lamar
47.3% Butts
71.3% Pike

Executive Summary

  • Earnings: ROA of 2.50%, down 22 bps year over year; NIM at 4.80%.
  • Asset quality: problem loans at 0.23% of loans (-30 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.75%, up 17 bps from a year ago.
  • Funding: loans stand at 50.29% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.50%-22 bps YoY

Net Interest Margin (YTD, annualized)

4.80%-23 bps YoY

Efficiency Ratio (YTD, annualized)

46.27%+336 bps YoY

Tier 1 Leverage Ratio

12.75%+17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.72%2.69%2.66%2.59%2.50%-22 bps
Return on Equity23.21%22.58%23.00%24.20%22.42%-78 bps
Net Interest Margin5.03%5.00%4.87%4.71%4.80%-23 bps
Efficiency Ratio42.91%43.20%42.95%43.68%46.27%+336 bps
Non-Interest Burden1.33%1.34%1.28%1.24%1.42%+9 bps
Growth
Asset Growth (YoY)1.41%4.07%4.86%3.03%0.41%-100 bps
Loan Growth (YoY)6.03%6.49%3.22%0.85%2.63%-340 bps
Deposit Growth (YoY)-0.09%3.43%5.74%4.46%0.26%+35 bps
Asset Quality
Nonperforming Loans / Loans0.53%0.55%0.28%0.26%0.23%-30 bps
Net Charge-Offs / Loans0.24%0.28%0.30%-0.10%0.00%-24 bps
Allowance / Loans1.92%1.92%1.98%2.01%2.02%+11 bps
Allowance Coverage of NPLs3.6x3.5x7.2x7.8x8.8x+5.2x
Capital
Tier 1 Leverage Ratio12.59%13.18%11.24%11.94%12.75%+17 bps
Total Risk-Based Capital26.11%27.13%24.15%24.74%25.61%-49 bps
Equity / Assets11.80%12.47%10.22%11.22%12.04%+24 bps
Liquidity & Funding
Loans / Deposits49.12%49.62%44.96%48.05%50.29%+116 bps
Liquid Assets / Assets24.53%24.51%28.38%22.32%18.32%-621 bps
CRE / Total Capitaln/a173.55%197.83%186.41%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

United Bank

Zebulon, GA · Cert 172 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · United Bk Employee STK Ownership Plan Tr

State charter, non-member · FDIC · 17 branches

Q2 2026

$2.2BAssets
$946.5MLoans
$1.9BDeposits
$260.0MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 96% of banks $1B-$10B in assets operating in a single state (rank 10 of 258).
  • Widest gap: net charge-offs / loans trails 69% of banks $1B-$10B in assets operating in a single state (rank 179 of 258).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

2.59%

Rank 10 of 258

Net Interest Margin

4.80%

Rank 11 of 258

Efficiency Ratio

46.27%

Rank 34 of 257

Equity / Assets

12.04%

Rank 57 of 258

Non-interest income vs. expense

$32.3M$63.3MINCOMEEXPENSE
Unfavorable gap of $31.1M · efficiency ratio beats 87% of banks $1B-$10B in assets operating in a single state
Bank 46.27%Peer median 60.3%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.59%0.93%1.23%1.54%Beats 96%10 / 258
Return on Equity21.48%9.26%11.84%14.74%Beats 95%13 / 258
Net Interest Margin4.80%3.16%3.49%3.88%Beats 96%11 / 258
Efficiency Ratio46.27%51.71%60.30%69.65%Beats 87%34 / 257
Asset Quality
Nonperforming Loans / Loans0.23%0.19%0.46%0.90%Beats 71%76 / 258
Net Charge-Offs / Loans0.05%0.01%0.02%0.07%Beats 31%179 / 258
Capital
Tier 1 Capital Ratio24.35%11.41%12.98%15.12%Beats 95%12 / 258
Total Risk-Based Capital Ratio25.61%12.10%13.91%16.08%Beats 95%12 / 258
Equity / Assets12.04%9.09%10.24%11.72%Beats 78%57 / 258
Liquidity & Funding
Loans / Deposits50.29%73.24%86.34%95.95%3rd pctl249 / 258
Loans / Assets43.84%63.01%72.27%78.40%4th pctl248 / 258
Brokered Deposits / Depositsn/aNot reported for this institution