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State Bank of Southern Utah

Cedar City, UT · Cert 17964 · Southern Utah Bcorp

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

42

Q2 2024Q2 2026peer median (50)

Asset Quality

33

Q2 2024Q2 2026peer median (50)

Profitability

79

Q2 2024Q2 2026peer median (50)

Liquidity

73

Q2 2024Q2 2026peer median

Efficiency

88

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

State Bank of Southern Utah

Cedar City, UT · Cert 17964 · Southern Utah Bcorp

State charter, non-member · FDIC · 17 branches

Q2 2026

$2.7BAssets
$1.9BLoans
$2.4BDeposits
$312.2MEquity
Loan mix
88%RE $1.7B10%C&I $0.2B2%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $1.8B23%Noninterest $0.5BQ2 2025Q2 2026

NIM

4.62%Q2 ’245.32%Q2 ’255.65%Q2 ’26+29%+17%

Non-interest income vs. expense

1.87%Q2 ’241.91%Q2 ’252.09%Q2 ’26+1%+5%

Market Position · St. George, UT · 2026 SOD (annual) · 18.8% share · #2 of 10 inst. · $0.7B of $4.0B

70.8% Iron
18.8% Washington
61.4% Kane
32.4% Sanpete

Executive Summary

  • Earnings: ROA of 1.76%, up 39 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 0.47% of loans (+2 bps YoY), with net charge-offs at 0.26%.
  • Capital: tier 1 leverage ratio of 12.04%, up 106 bps from a year ago.
  • Funding: loans stand at 80.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.76%+39 bps YoY

Net Interest Margin (YTD, annualized)

3.88%+57 bps YoY

Efficiency Ratio (YTD, annualized)

45.84%-339 bps YoY

Tier 1 Leverage Ratio

12.04%+106 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.50%1.49%1.82%1.76%+39 bps
Return on Equity13.93%14.81%14.38%16.11%15.58%+165 bps
Net Interest Margin3.31%3.48%3.64%3.98%3.88%+57 bps
Efficiency Ratio49.23%49.43%50.15%44.33%45.84%-339 bps
Non-Interest Burden1.37%1.45%1.56%1.37%1.44%+6 bps
Growth
Asset Growth (YoY)5.22%-0.70%3.62%4.28%3.80%-142 bps
Loan Growth (YoY)15.43%10.40%9.71%7.49%4.62%-1,081 bps
Deposit Growth (YoY)11.41%6.45%8.25%8.74%5.90%-550 bps
Asset Quality
Nonperforming Loans / Loans0.44%0.57%0.55%0.55%0.47%+2 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.26%+26 bps
Allowance / Loans1.22%1.21%1.28%1.30%1.22%+1 bps
Allowance Coverage of NPLs2.8x2.1x2.3x2.4x2.6x-0.1x
Capital
Tier 1 Leverage Ratio10.98%11.43%11.82%12.03%12.04%+106 bps
Total Risk-Based Capital10.98%11.43%11.82%12.03%12.04%+106 bps
Equity / Assets10.03%11.03%11.23%11.30%11.40%+137 bps
Liquidity & Funding
Loans / Deposits81.30%81.69%82.35%81.82%80.32%-99 bps
Liquid Assets / Assets3.39%1.75%3.73%5.48%6.95%+356 bps
CRE / Total Capitaln/a431%431%425%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

State Bank of Southern Utah

Cedar City, UT · Cert 17964 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Southern Utah Bcorp

State charter, non-member · FDIC · 17 branches

Q2 2026

$2.7BAssets
$1.9BLoans
$2.4BDeposits
$312.2MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 88% of banks $1B-$10B in assets operating in a single state (rank 32 of 257).
  • Widest gap: net charge-offs / loans trails 83% of banks $1B-$10B in assets operating in a single state (rank 216 of 258).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.72%

Rank 35 of 258

Net Interest Margin

3.88%

Rank 66 of 258

Efficiency Ratio

46.13%

Rank 32 of 257

Equity / Assets

11.40%

Rank 80 of 258

Non-interest income vs. expense

$17.9M$57.0MINCOMEEXPENSE
Unfavorable gap of $39.1M · efficiency ratio beats 88% of banks $1B-$10B in assets operating in a single state
Bank 46.13%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.72%0.93%1.23%1.54%Beats 86%35 / 258
Return on Equity15.07%9.26%11.84%14.74%Beats 76%62 / 258
Net Interest Margin3.88%3.16%3.49%3.88%Beats 74%66 / 258
Efficiency Ratio46.13%51.71%60.30%69.65%Beats 88%32 / 257
Asset Quality
Nonperforming Loans / Loans0.47%0.19%0.46%0.90%Beats 48%136 / 258
Net Charge-Offs / Loans0.14%0.01%0.02%0.07%Beats 17%216 / 258
Capital
Tier 1 Capital Ratio12.04%11.41%12.98%15.12%Beats 34%170 / 258
Total Risk-Based Capital Ratio12.04%12.10%13.91%16.08%Beats 24%197 / 258
Equity / Assets11.40%9.09%10.24%11.72%Beats 69%80 / 258
Liquidity & Funding
Loans / Deposits80.32%73.24%86.34%95.95%38th pctl161 / 258
Loans / Assets70.27%63.01%72.27%78.40%42nd pctl149 / 258
Brokered Deposits / Depositsn/aNot reported for this institution