Valley First

Modesto, CA · Charter 24986

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, credit unions $1B-$10B 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

Credit unions $1B-$10B in assets (n=435). 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.

Valley First

Modesto, CA · Charter 24986

Q2 2026

$1.1BAssets

$830.8MLoans

$925.8MShares

$108.7MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

Earnings: ROA of 0.57%; NIM at 3.77%.
Asset quality: problem loans at 0.71% of loans.

Capital: net worth / assets of 9.81%.
Funding: loans stand at 89.74% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.57%

Net Interest Margin (YTD, annualized)

3.77%

Efficiency Ratio (YTD, annualized)

67.54%

Net Worth / Assets

9.81%

Year to date, annualized, through each quarter.

Metric	Q1 2026	Q2 2026	YoY Δ	Trend
Earnings
Return on Assets	0.63%	0.57%	n/a
Return on Equity	6.54%	5.84%	n/a
Net Interest Margin	3.77%	3.77%	n/a
Efficiency Ratio	66.03%	67.54%	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a
Asset Quality
Delinquent Loans / Loans	0.68%	0.71%	n/a
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a
Allowance / Loans	0.00%	0.00%	n/a
Capital
Risk-Based Capital	9.68%	9.81%	n/a
Net Worth / Assets	9.68%	9.81%	n/a
Liquidity & Funding
Loans / Shares	86.67%	89.74%	n/a
Liquid Assets / Assets	0.00%	0.00%	n/a

Valley First

Modesto, CA · Charter 24986 · Peer group: credit unions $1B-$10B in assets (n=435)

Q2 2026

$1.1BAssets

$830.8MLoans

$925.8MShares

$108.7MNet Worth

Executive Summary

Strongest standing: net interest margin outperforms 77% of credit unions $1B-$10B in assets (rank 101 of 435).
Widest gap: equity / assets trails 75% of credit unions $1B-$10B in assets (rank 328 of 435).
Overall: at or above the peer median on 2 of 7 directional measures.

Return on Assets

0.57%

Rank 319 of 435

Net Interest Margin

3.77%

Rank 101 of 435

Efficiency Ratio

67.54%

Rank 153 of 435

Equity / Assets

9.81%

Rank 328 of 435

Metric	Your Credit Union	Peer 25th	Peer Median	Peer 75th	Standing	Rank
Earnings
Return on Assets	0.57%	0.55%	0.81%	1.14%	Beats 27%	319 / 435
Return on Equity	5.84%	5.12%	7.41%	9.70%	Beats 33%	291 / 435
Net Interest Margin	3.77%	3.01%	3.39%	3.75%	Beats 77%	101 / 435
Efficiency Ratio	67.54%	65.25%	71.39%	77.86%	Beats 65%	153 / 435
Asset Quality
Nonperforming Loans / Loans	0.71%	0.45%	0.69%	1.05%	Beats 48%	229 / 435
Net Charge-Offs / Loans	n/a	Not reported for this institution
Capital
Tier 1 Capital Ratio	9.81%	9.81%	10.84%	12.63%	Beats 25%	328 / 435
Total Risk-Based Capital Ratio	n/a	Not reported for this institution
Equity / Assets	9.81%	9.81%	10.84%	12.63%	Beats 25%	328 / 435
Liquidity & Funding
Loans / Deposits	89.74%	78.33%	88.38%	95.61%	55th pctl	195 / 435
Loans / Assets	75.01%	67.69%	74.58%	80.80%	51st pctl	211 / 435
Brokered Deposits / Deposits	n/a	Not reported for this institution