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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 $7.1MQ3 2024Q2 2026
Deposit mix
73%Interest-bearing $203.0M27%Noninterest $73.4MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.52%1.63%1.24%1.34%1.44%1.54%1.70%1.77%+43 bps
Return on Equity13.61%14.63%11.13%11.98%12.80%13.42%13.72%14.25%+227 bps
Net Interest Margin3.76%3.79%3.55%3.69%3.64%3.88%4.15%4.17%+48 bps
Efficiency Ratio53.97%53.00%57.99%56.87%55.30%54.71%52.07%50.85%-602 bps
Non-Interest Burden1.85%1.79%1.90%1.93%1.84%1.94%1.99%1.92%-1 bps
Growth
Asset Growth (YoY)11.70%12.25%14.45%4.22%4.24%2.19%-0.42%0.06%-415 bps
Loan Growth (YoY)14.78%12.93%6.80%10.14%8.06%8.31%10.98%2.96%-719 bps
Deposit Growth (YoY)11.06%12.70%15.19%3.42%3.86%1.07%-1.73%-1.53%-495 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.41%0.52%0.18%0.23%0.20%0.25%0.26%+8 bps
Net Charge-Offs / Loans-0.22%-0.17%0.01%-0.02%-0.01%0.01%0.06%0.03%+4 bps
Allowance / Loans2.72%2.67%2.74%2.63%2.69%2.54%2.48%2.53%-10 bps
Allowance Coverage of NPLs6.1x6.6x5.3x14.4x11.5x12.5x10.0x9.8x-4.6x
Capital
Tier 1 Leverage Ratio11.38%11.47%11.73%11.77%11.68%12.17%12.84%12.71%+94 bps
Total Risk-Based Capital11.38%11.47%11.73%11.77%11.68%12.17%12.84%12.71%+94 bps
Equity / Assets10.85%11.11%11.24%11.28%11.36%12.32%12.43%12.58%+130 bps
Liquidity & Funding
Loans / Deposits61.61%66.73%64.69%67.79%64.10%71.51%73.05%70.89%+309 bps
Liquid Assets / Assets24.20%11.93%15.28%13.31%19.13%9.61%8.53%10.73%-258 bps
CRE / Total Capitaln/an/an/an/a146.06%135.76%128.32%n/an/a