Ascend Bank

Guilford, CT · Cert 18194 · Ascend Mutual Holding

SI · FDIC · 14 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

Asset Quality

Profitability

Liquidity

Efficiency

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.

Ascend Bank

Guilford, CT · Cert 18194 · Ascend Mutual Holding

SI · FDIC · 14 branches

Q2 2026

$1.5BAssets

$1.2BLoans

$1.3BDeposits

$151.2MEquity

Loan mix

Deposit mix

Market Position · New Haven, CT · 2026 SOD (annual) · 4.8% share · #9 of 17 inst. · $1.0B of $20.4B

4.8% South Central Connecticut

2.7% Southeastern Connecticut

1.7% Lower Connecticut River Valley

3.6% Northeastern Connecticut

Executive Summary

Earnings: ROA of 1.03%, up 65 bps year over year; NIM at 3.16%.
Asset quality: problem loans at 0.50% of loans (+32 bps YoY), with net charge-offs at 0.06%.
Capital: tier 1 leverage ratio of 9.65%, down 126 bps from a year ago.
Funding: loans stand at 88.15% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.03%+65 bps YoY

Net Interest Margin (YTD, annualized)

3.16%+57 bps YoY

Efficiency Ratio (YTD, annualized)

67.45%-1,610 bps YoY

Tier 1 Leverage Ratio

9.65%-126 bps YoY

NIM

Non-interest income vs. expense

Year to date, annualized, through each quarter.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	YoY Δ
Earnings
Return on Assets	0.21%¹	0.17%	0.23%	0.39%	0.25%	0.49%	0.87%	1.03%	+65 bps
Return on Equity	2.05%	1.70%	2.32%	3.82%	2.46%	4.94%	8.78%	10.35%	+653 bps
Net Interest Margin	2.22%	2.24%	2.48%	2.58%	2.44%	2.62%	3.18%	3.16%	+57 bps
Efficiency Ratio	93.63%	92.28%	86.73%	83.56%	87.91%	80.68%	69.27%	67.45%	-1,610 bps
Non-Interest Burden	2.05%	2.03%	2.07%	2.06%	2.09%	2.02%	2.07%	1.98%	-9 bps
Growth
Asset Growth (YoY)	6.55%	3.79%	7.20%	5.31%	24.59%	25.21%	23.93%	26.35%	+2,104 bps
Loan Growth (YoY)	9.08%	5.95%	6.66%	7.10%	31.02%	32.49%	28.99%	30.00%	+2,290 bps
Deposit Growth (YoY)	12.62%	8.37%	9.80%	6.24%	26.51%	26.13%	24.59%	26.09%	+1,985 bps
Asset Quality
Nonperforming Loans / Loans	0.22%	0.24%	0.15%	0.18%	0.30%	0.36%	0.41%	0.50%	+32 bps
Net Charge-Offs / Loans	0.00%	0.00%	0.07%	0.03%	0.29%	0.06%	0.12%	0.06%	+3 bps
Allowance / Loans	0.59%	0.63%	0.62%	0.62%	0.63%	0.76%	0.74%	0.76%	+15 bps
Allowance Coverage of NPLs	2.7x	2.6x	4.1x	3.4x	2.1x	2.1x	1.8x	1.5x	-1.9x
Capital
Tier 1 Leverage Ratio	11.09%	10.91%	10.79%	10.91%	9.37%	9.35%	9.58%	9.65%	-126 bps
Total Risk-Based Capital	11.09%	10.91%	10.79%	10.91%	9.37%	9.35%	9.58%	9.65%	-126 bps
Equity / Assets	10.27%	10.14%	10.05%	10.30%	9.82%	9.84%	9.94%	10.11%	-19 bps
Liquidity & Funding
Loans / Deposits	84.51%	84.33%	83.84%	85.50%	87.52%	88.59%	86.80%	88.15%	+265 bps
Liquid Assets / Assets	2.50%	3.43%	3.56%	1.49%	1.75%	1.55%	3.63%	2.46%	+97 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	325%	340%	328%	n/a	n/a

Ascend Bank

Guilford, CT · Cert 18194 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Ascend Mutual Holding

SI · FDIC · 14 branches

Q2 2026

$1.5BAssets

$1.2BLoans

$1.3BDeposits

$151.2MEquity

Executive Summary

Strongest standing: equity / assets outperforms 47% of banks $1B-$10B in assets operating in a single state (rank 138 of 258).
Widest gap: total risk-based capital ratio trails 97% of banks $1B-$10B in assets operating in a single state (rank 249 of 258).
Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

1.02%

Rank 173 of 258

Net Interest Margin

3.16%

Rank 193 of 258

Efficiency Ratio

69.40%

Rank 192 of 257

Equity / Assets

10.11%

Rank 138 of 258

Non-interest income vs. expense

Unfavorable gap of $29.8M · efficiency ratio beats 26% of banks $1B-$10B in assets operating in a single state

Metric	Your Bank	Peer 25th	Peer Median	Peer 75th	Standing	Rank
Earnings
Return on Assets	1.02%	0.93%	1.23%	1.54%	Beats 33%	173 / 258
Return on Equity	10.08%	9.26%	11.84%	14.74%	Beats 35%	168 / 258
Net Interest Margin	3.16%	3.16%	3.49%	3.88%	Beats 25%	193 / 258
Efficiency Ratio	69.40%	51.71%	60.30%	69.65%	Beats 26%	192 / 257
Asset Quality
Nonperforming Loans / Loans	0.50%	0.19%	0.46%	0.90%	Beats 45%	144 / 258
Net Charge-Offs / Loans	0.03%	0.01%	0.02%	0.07%	Beats 43%	147 / 258
Capital
Tier 1 Capital Ratio	9.65%	11.41%	12.98%	15.12%	Beats 3%	249 / 258
Total Risk-Based Capital Ratio	9.65%	12.10%	13.91%	16.08%	Beats 3%	249 / 258
Equity / Assets	10.11%	9.09%	10.24%	11.72%	Beats 47%	138 / 258
Liquidity & Funding
Loans / Deposits	88.15%	73.24%	86.34%	95.95%	57th pctl	112 / 258
Loans / Assets	77.74%	63.01%	72.27%	78.40%	70th pctl	77 / 258
Brokered Deposits / Deposits	n/a	Not reported for this institution