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Alden State Bank

Alden, MI · Cert 17622

State charter, non-member · FDIC · 4 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=743 to 746). 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

45

Q2 2024Q2 2026peer median (50)

Profitability

80

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

84

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

Alden State Bank

Alden, MI · Cert 17622

State charter, non-member · FDIC · 4 branches

Q2 2026

$318.4MAssets
$196.0MLoans
$276.4MDeposits
$40.1MEquity
Loan mix
83%RE $167.3M13%C&I $26.1M4%Consumer $7.1MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $203.0M27%Noninterest $73.4MQ2 2025Q2 2026

NIM

5.38%Q2 ’245.47%Q2 ’255.43%Q2 ’26-4%+13%

Non-interest income vs. expense

2.37%Q2 ’242.30%Q2 ’252.32%Q2 ’26-2%-1%

Executive Summary

  • Earnings: ROA of 1.77%, up 43 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.26% of loans (+8 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 12.71%, up 94 bps from a year ago.
  • Funding: loans stand at 70.89% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.77%+43 bps YoY

Net Interest Margin (YTD, annualized)

4.17%+48 bps YoY

Efficiency Ratio (YTD, annualized)

50.85%-602 bps YoY

Tier 1 Leverage Ratio

12.71%+94 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.44%1.54%1.70%1.77%+43 bps
Return on Equity11.98%12.80%13.42%13.72%14.25%+227 bps
Net Interest Margin3.69%3.64%3.88%4.15%4.17%+48 bps
Efficiency Ratio56.87%55.30%54.71%52.07%50.85%-602 bps
Non-Interest Burden1.93%1.84%1.94%1.99%1.92%-1 bps
Growth
Asset Growth (YoY)4.22%4.24%2.19%-0.42%0.06%-415 bps
Loan Growth (YoY)10.14%8.06%8.31%10.98%2.96%-719 bps
Deposit Growth (YoY)3.42%3.86%1.07%-1.73%-1.53%-495 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.23%0.20%0.25%0.26%+8 bps
Net Charge-Offs / Loans-0.02%-0.01%0.01%0.06%0.03%+4 bps
Allowance / Loans2.63%2.69%2.54%2.48%2.53%-10 bps
Allowance Coverage of NPLs14.4x11.5x12.5x10.0x9.8x-4.6x
Capital
Tier 1 Leverage Ratio11.77%11.68%12.17%12.84%12.71%+94 bps
Total Risk-Based Capital11.77%11.68%12.17%12.84%12.71%+94 bps
Equity / Assets11.28%11.36%12.32%12.43%12.58%+130 bps
Liquidity & Funding
Loans / Deposits67.79%64.10%71.51%73.05%70.89%+309 bps
Liquid Assets / Assets13.31%19.13%9.61%8.53%10.73%-258 bps
CRE / Total Capitaln/a146.06%135.76%128.32%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

Alden State Bank

Alden, MI · Cert 17622 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

State charter, non-member · FDIC · 4 branches

Q2 2026

$318.4MAssets
$196.0MLoans
$276.4MDeposits
$40.1MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 87% of banks under $1B in assets operating in a single state (rank 97 of 746).
  • Widest gap: net charge-offs / loans trails 72% of banks under $1B in assets operating in a single state (rank 535 of 743).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.76%

Rank 97 of 746

Net Interest Margin

4.17%

Rank 179 of 746

Efficiency Ratio

50.85%

Rank 117 of 746

Equity / Assets

12.58%

Rank 212 of 746

Non-interest income vs. expense

$1.3M$7.5MINCOMEEXPENSE
Unfavorable gap of $6.2M · efficiency ratio beats 84% of banks under $1B in assets operating in a single state
Bank 50.85%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.76%0.72%1.06%1.45%Beats 87%97 / 746
Return on Equity14.01%6.74%10.51%13.63%Beats 77%171 / 746
Net Interest Margin4.17%3.17%3.68%4.16%Beats 76%179 / 746
Efficiency Ratio50.85%55.74%64.58%75.47%Beats 84%117 / 746
Asset Quality
Nonperforming Loans / Loans0.26%0.09%0.42%1.07%Beats 62%283 / 743
Net Charge-Offs / Loans0.04%0.00%0.01%0.05%Beats 28%535 / 743
Capital
Tier 1 Capital Ratio12.71%11.55%13.75%17.60%Beats 38%463 / 746
Total Risk-Based Capital Ratio12.71%11.71%14.33%18.43%Beats 34%496 / 746
Equity / Assets12.58%8.90%10.51%13.06%Beats 72%212 / 746
Liquidity & Funding
Loans / Deposits70.89%61.31%78.27%90.78%37th pctl471 / 746
Loans / Assets61.54%53.60%66.97%76.08%38th pctl460 / 746
Brokered Deposits / Depositsn/aNot reported for this institution