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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

5.61%Q2 ’245.59%Q2 ’255.48%Q2 ’26-4%+9%

Non-interest income vs. expense

2.54%Q2 ’242.37%Q2 ’252.31%Q2 ’26-6%-6%

Executive Summary

  • Earnings: ROA of 1.84%, up 41 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 0.26% of loans (+8 bps YoY), with net recoveries of 0.01%.
  • 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 (quarter, annualized)

1.84%+41 bps YoY

Net Interest Margin (quarter, annualized)

4.22%+36 bps YoY

Efficiency Ratio (quarter, annualized)

49.67%-618 bps YoY

Tier 1 Leverage Ratio

12.71%+94 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.64%1.78%1.70%1.84%+41 bps
Return on Equity12.70%14.50%15.09%13.72%14.74%+203 bps
Net Interest Margin3.86%3.89%4.27%4.15%4.22%+36 bps
Efficiency Ratio55.85%52.47%53.14%52.07%49.67%-618 bps
Non-Interest Burden1.98%1.85%2.07%1.99%1.87%-11 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-0.04%-0.01%0.09%0.06%-0.01%+3 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