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Armstrong Bank

Muskogee, OK · Cert 2315 · Ironhorse Financial Group Inc.

State charter, Fed member · FED · 29 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 regionally3

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 regionally (n=176). 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

52

Q2 2024Q2 2026peer median (50)

Asset Quality

53

Q2 2024Q2 2026peer median (50)

Profitability

64

Q2 2024Q2 2026peer median (50)

Liquidity

44

Q2 2024Q2 2026peer median

Efficiency

51

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

Armstrong Bank

Muskogee, OK · Cert 2315 · Ironhorse Financial Group Inc.

State charter, Fed member · FED · 29 branches

Q2 2026

$2.8BAssets
$2.1BLoans
$2.6BDeposits
$232.9MEquity
Loan mix
86%RE $1.6B8%C&I $0.2B5%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $1.9B26%Noninterest $0.7BQ2 2025Q2 2026

NIM

4.61%Q2 ’245.04%Q2 ’255.33%Q2 ’26+32%+15%

Non-interest income vs. expense

2.48%Q2 ’242.61%Q2 ’252.57%Q2 ’26+6%+2%

Market Position · Oklahoma City, OK · 2026 SOD (annual) · 1.1% share · #15 of 71 inst. · $0.6B of $60.8B

10.4% Cleveland
28.0% Muskogee
41.8% Sequoyah
26.5% Cherokee

Executive Summary

  • Earnings: ROA of 1.37%, up 24 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.25% of loans (-7 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 10.42%, up 32 bps from a year ago.
  • Funding: loans stand at 80.18% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.37%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.59%+47 bps YoY

Efficiency Ratio (YTD, annualized)

59.07%-672 bps YoY

Tier 1 Leverage Ratio

10.42%+32 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.13%1.37%1.25%1.28%1.37%+24 bps
Return on Equity16.34%19.28%17.24%16.25%17.13%+79 bps
Net Interest Margin3.12%3.23%3.27%3.60%3.59%+47 bps
Efficiency Ratio65.79%60.97%62.44%61.33%59.07%-672 bps
Non-Interest Burden1.76%1.55%1.65%1.90%1.80%+4 bps
Growth
Asset Growth (YoY)1.01%4.14%7.20%9.67%15.06%+1,405 bps
Loan Growth (YoY)11.68%15.93%21.03%22.33%19.71%+803 bps
Deposit Growth (YoY)1.26%4.12%5.34%7.39%13.02%+1,175 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.27%0.34%0.27%0.25%-7 bps
Net Charge-Offs / Loans0.06%0.05%0.06%0.11%0.15%+9 bps
Allowance / Loans1.03%1.01%1.09%1.08%1.06%+4 bps
Allowance Coverage of NPLs3.2x3.8x3.2x3.9x4.2x+1.0x
Capital
Tier 1 Leverage Ratio10.10%10.48%10.44%10.34%10.42%+32 bps
Total Risk-Based Capital15.14%15.23%14.83%14.77%14.97%-17 bps
Equity / Assets6.70%7.72%7.70%8.01%8.19%+149 bps
Liquidity & Funding
Loans / Deposits75.70%78.30%80.22%82.07%80.18%+448 bps
Liquid Assets / Assets0.51%0.40%0.71%0.25%2.11%+160 bps
CRE / Total Capitaln/a276%297%301%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

Armstrong Bank

Muskogee, OK · Cert 2315 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Ironhorse Financial Group Inc.

State charter, Fed member · FED · 29 branches

Q2 2026

$2.8BAssets
$2.1BLoans
$2.6BDeposits
$232.9MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 86% of banks $1B-$10B in assets operating regionally (rank 25 of 176).
  • Widest gap: equity / assets trails 88% of banks $1B-$10B in assets operating regionally (rank 155 of 176).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.32%

Rank 77 of 176

Net Interest Margin

3.59%

Rank 88 of 176

Efficiency Ratio

59.21%

Rank 87 of 176

Equity / Assets

8.19%

Rank 155 of 176

Non-interest income vs. expense

$21.9M$73.3MINCOMEEXPENSE
Unfavorable gap of $51.4M · efficiency ratio beats 51% of banks $1B-$10B in assets operating regionally
Bank 59.21%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.32%0.93%1.26%1.54%Beats 56%77 / 176
Return on Equity16.09%9.26%11.89%14.46%Beats 86%25 / 176
Net Interest Margin3.59%3.25%3.59%3.93%Beats 50%88 / 176
Efficiency Ratio59.21%52.79%59.55%67.66%Beats 51%87 / 176
Asset Quality
Nonperforming Loans / Loans0.25%0.30%0.64%1.32%Beats 82%33 / 176
Net Charge-Offs / Loans0.10%0.01%0.04%0.10%Beats 24%135 / 176
Capital
Tier 1 Capital Ratio13.89%11.15%12.72%14.15%Beats 71%51 / 176
Total Risk-Based Capital Ratio14.97%11.81%13.63%15.33%Beats 72%50 / 176
Equity / Assets8.19%9.16%10.35%11.80%Beats 12%155 / 176
Liquidity & Funding
Loans / Deposits80.18%80.94%89.73%97.21%22nd pctl138 / 176
Loans / Assets73.03%69.25%75.12%80.82%40th pctl105 / 176
Brokered Deposits / Depositsn/aNot reported for this institution