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Carroll Bank and Trust

Huntingdon, TN · Cert 2380 · Carroll Financial Services Inc.

State charter, Fed member · FED · 10 branches

Q2 2026

$662.1MAssets
$501.5MLoans
$605.5MDeposits
$50.2MEquity
Loan mix
86%RE $390.2M9%C&I $39.3M6%Consumer $25.9MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $505.6M17%Noninterest $99.9MQ2 2025Q2 2026

NIM

5.61%Q2 ’245.67%Q2 ’255.83%Q2 ’26+6%+5%

Non-interest income vs. expense

3.08%Q2 ’242.88%Q2 ’253.05%Q2 ’26-6%+5%

Market Position · Jackson, TN · 2026 SOD (annual) · 2.0% share · #12 of 23 inst. · $0.1B of $4.3B

43.3% Carroll
12.4% Benton
7.6% Gibson
3.3% Henry

Executive Summary

  • Earnings: ROA of 0.89%, unchanged from a year ago; NIM at 3.59%.
  • Asset quality: problem loans at 1.36% of loans (+44 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 8.25%, up 16 bps from a year ago.
  • Funding: loans stand at 82.82% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.89%0 bps YoY

Net Interest Margin (YTD, annualized)

3.59%+16 bps YoY

Efficiency Ratio (YTD, annualized)

70.08%+36 bps YoY

Tier 1 Leverage Ratio

8.25%+16 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%0.90%0.97%0.76%0.89%0 bps
Return on Equity12.18%12.31%13.24%10.20%11.82%-36 bps
Net Interest Margin3.43%3.43%3.42%3.57%3.59%+16 bps
Efficiency Ratio69.71%70.01%69.79%73.18%70.08%+36 bps
Non-Interest Burden2.17%2.18%2.16%2.41%2.28%+11 bps
Growth
Asset Growth (YoY)20.70%16.55%18.18%14.84%9.37%-1,133 bps
Loan Growth (YoY)12.15%11.09%16.40%14.31%15.46%+330 bps
Deposit Growth (YoY)22.93%19.52%18.10%14.80%8.76%-1,417 bps
Asset Quality
Nonperforming Loans / Loans0.91%0.93%1.00%1.05%1.36%+44 bps
Net Charge-Offs / Loans0.03%0.03%0.03%0.08%0.10%+7 bps
Allowance / Loans0.79%0.79%0.80%0.83%0.79%0 bps
Allowance Coverage of NPLs0.9x0.9x0.8x0.8x0.6x-0.3x
Capital
Tier 1 Leverage Ratio8.09%8.07%8.29%8.18%8.25%+16 bps
Total Risk-Based Capital12.74%12.76%12.65%13.08%12.78%+3 bps
Equity / Assets7.10%7.40%7.46%7.43%7.59%+48 bps
Liquidity & Funding
Loans / Deposits78.01%79.23%79.91%78.12%82.82%+480 bps
Liquid Assets / Assets7.41%6.91%6.06%7.01%3.62%-379 bps
CRE / Total Capitaln/a256%261%262%n/an/a