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North Valley Bank

Zanesville, OH · Cert 2284 · North Valley Bancshares Inc.

State charter, Fed member · FED · 10 branches

Q2 2026

$426.9MAssets
$326.4MLoans
$374.9MDeposits
$46.4MEquity
Loan mix
91%RE $290.4M5%C&I $16.1M3%Consumer $11.1MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $289.2M23%Noninterest $85.6MQ3 2024Q2 2026

Market Position · Columbus, OH · 2026 SOD (annual) · 0.2% share · #30 of 53 inst. · $0.2B of $124.6B

6.7% Muskingum
17.0% Perry
1.3% Licking
1.2% Fairfield

Executive Summary

  • Earnings: ROA of 1.04%, up 18 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.68% of loans (-38 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.05%, up 38 bps from a year ago.
  • Funding: loans stand at 87.07% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.04%+18 bps YoY

Net Interest Margin (YTD, annualized)

4.05%+21 bps YoY

Efficiency Ratio (YTD, annualized)

73.76%-158 bps YoY

Tier 1 Leverage Ratio

10.05%+38 bps YoY

NIM

5.30%Q2 ’245.39%Q2 ’255.42%Q2 ’26+9%+5%

Non-interest income vs. expense

3.45%Q2 ’243.38%Q2 ’253.40%Q2 ’26-3%+4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.62%0.44%0.90%0.86%0.86%0.89%1.00%1.04%+18 bps
Return on Equity6.27%4.49%9.13%8.67%8.54%8.69%9.04%9.49%+82 bps
Net Interest Margin3.51%3.28%3.88%3.85%3.86%3.89%4.15%4.05%+21 bps
Efficiency Ratio82.82%88.30%73.88%75.34%75.60%75.29%75.58%73.76%-158 bps
Non-Interest Burden2.79%2.78%2.61%2.68%2.71%2.71%2.95%2.79%+11 bps
Growth
Asset Growth (YoY)2.02%33.07%32.34%31.83%29.76%-1.48%0.77%-0.06%-3,189 bps
Loan Growth (YoY)7.02%27.16%23.52%19.34%18.25%1.17%4.55%6.14%-1,320 bps
Deposit Growth (YoY)0.20%38.17%37.19%35.26%32.75%-2.65%0.82%-0.16%-3,543 bps
Asset Quality
Nonperforming Loans / Loans1.10%1.13%1.09%1.06%0.93%0.90%0.80%0.68%-38 bps
Net Charge-Offs / Loans0.00%0.00%0.02%-0.01%0.00%0.00%0.08%0.05%+5 bps
Allowance / Loans0.95%0.78%0.82%0.82%0.81%0.80%0.77%0.75%-7 bps
Allowance Coverage of NPLs0.9x0.7x0.8x0.8x0.9x0.9x1.0x1.1x+0.3x
Capital
Tier 1 Leverage Ratio10.46%9.55%9.62%9.67%9.76%9.86%10.35%10.05%+38 bps
Total Risk-Based Capital10.46%9.55%9.62%9.67%9.76%9.86%10.35%10.05%+38 bps
Equity / Assets9.87%9.39%10.26%10.10%10.40%11.04%10.99%10.88%+79 bps
Liquidity & Funding
Loans / Deposits92.99%85.42%84.76%81.90%82.83%88.77%87.90%87.07%+517 bps
Liquid Assets / Assets0.72%0.57%0.58%0.61%0.61%0.57%0.56%0.61%0 bps
CRE / Total Capitaln/an/an/an/a347%348%349%n/an/a