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Grand Valley Bank

Heber City, UT · Cert 24922 · Sagebrush Partners LLLP

State charter, non-member · FDIC · 9 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 under $1B in assets (n=573 to 620). 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

26

Q2 2024Q2 2026peer median (50)

Asset Quality

72

Q2 2024Q2 2026peer median (50)

Profitability

60

Q2 2024Q2 2026peer median (50)

Liquidity

21

Q2 2024Q2 2026peer median

Efficiency

71

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 2026-10-10

Grand Valley Bank

Heber City, UT · Cert 24922 · Sagebrush Partners LLLP

State charter, non-member · FDIC · 9 branches

Q2 2026

$599.4MAssets
$287.0MLoans
$541.3MDeposits
$55.2MEquity
Loan mix
97%RE $252.5M2%C&I $5.7M0%Consumer $1.3MQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $360.1M33%Noninterest $181.2MQ2 2025Q2 2026

NIM

4.81%Q2 ’244.81%Q2 ’254.72%Q2 ’26+2%+1%

Non-interest income vs. expense

2.18%Q2 ’242.22%Q2 ’252.23%Q2 ’26+13%+2%

Market Position · Grand Junction, CO · 2026 SOD (annual) · 9.7% share · #4 of 12 inst. · $0.4B of $3.8B

9.7% Mesa
12.2% Wasatch
12.0% Uintah
2.8% Summit

Executive Summary

  • Earnings: ROA of 1.19%, up 1 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.02% of loans (-20 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.47%, up 33 bps from a year ago.
  • Funding: loans stand at 53.02% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.19%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+4 bps YoY

Efficiency Ratio (YTD, annualized)

59.67%+14 bps YoY

Tier 1 Leverage Ratio

11.47%+33 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.18%1.20%1.23%1.14%1.19%+1 bps
Return on Equity15.31%15.18%15.12%12.88%13.23%-209 bps
Net Interest Margin3.41%3.41%3.40%3.43%3.45%+4 bps
Efficiency Ratio59.53%59.38%59.06%60.67%59.67%+14 bps
Non-Interest Burden1.94%1.94%1.91%2.01%1.99%+4 bps
Growth
Asset Growth (YoY)-0.91%0.60%1.46%3.87%6.19%+710 bps
Loan Growth (YoY)-0.79%0.68%3.45%2.29%1.82%+261 bps
Deposit Growth (YoY)-1.63%0.10%-0.36%2.80%4.62%+625 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.02%0.02%0.02%0.02%-20 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.02%0.01%+1 bps
Allowance / Loans1.89%1.91%1.87%1.90%1.87%-2 bps
Allowance Coverage of NPLs8.7x111.3x111.6x111.7x116.8x+108.2x
Capital
Tier 1 Leverage Ratio11.15%11.17%11.20%11.43%11.47%+33 bps
Total Risk-Based Capital11.15%11.17%11.20%11.43%11.47%+33 bps
Equity / Assets7.88%8.51%9.00%8.75%9.21%+133 bps
Liquidity & Funding
Loans / Deposits54.47%52.30%54.07%52.11%53.02%-146 bps
Liquid Assets / Assets1.47%3.42%1.52%3.97%2.44%+96 bps
CRE / Total Capitaln/a186.76%187.88%188.11%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 2026-10-10

Grand Valley Bank

Heber City, UT · Cert 24922 · Peer group: banks under $1B in assets (n=573-620) · Sagebrush Partners LLLP

State charter, non-member · FDIC · 9 branches

Q2 2026

$599.4MAssets
$287.0MLoans
$541.3MDeposits
$55.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 84% of banks under $1B in assets (rank 92 of 573).
  • Widest gap: total risk-based capital ratio trails 77% of banks under $1B in assets (rank 476 of 620).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.18%

Rank 242 of 620

Net Interest Margin

3.45%

Rank 331 of 620

Efficiency Ratio

60.39%

Rank 181 of 620

Equity / Assets

9.21%

Rank 443 of 620

Non-interest income vs. expense

$1.5M$13.7MINCOMEEXPENSE
Unfavorable gap of $12.2M · efficiency ratio beats 71% of banks under $1B in assets
Bank 60.39%Peer median 68.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.18%0.60%1.00%1.45%Beats 61%242 / 620
Return on Equity12.80%5.30%9.30%13.29%Beats 72%175 / 620
Net Interest Margin3.45%3.02%3.53%4.04%Beats 47%331 / 620
Efficiency Ratio60.39%58.35%68.08%79.37%Beats 71%181 / 620
Asset Quality
Nonperforming Loans / Loans0.02%0.09%0.47%1.27%Beats 84%92 / 573
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 59%238 / 573
Capital
Tier 1 Capital Ratio11.47%11.27%13.87%18.78%Beats 27%450 / 620
Total Risk-Based Capital Ratio11.47%11.69%14.57%19.67%Beats 23%476 / 620
Equity / Assets9.21%9.03%10.60%13.73%Beats 29%443 / 620
Liquidity & Funding
Loans / Deposits53.02%65.08%79.69%92.47%14th pctl506 / 585
Loans / Assets47.88%51.85%67.17%77.86%20th pctl493 / 620
Brokered Deposits / Depositsn/aNot reported for this institution