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Denali State Bank

Fairbanks, AK · Cert 26530 · Denali Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

59

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

82

Q2 2024Q2 2026peer median (50)

Liquidity

82

Q2 2024Q2 2026peer median

Efficiency

61

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

Denali State Bank

Fairbanks, AK · Cert 26530 · Denali Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$522.6MAssets
$376.4MLoans
$458.7MDeposits
$56.3MEquity
Loan mix
58%RE $215.3M28%C&I $103.2M14%Consumer $53.3MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $287.8M37%Noninterest $170.9MQ2 2025Q2 2026

NIM

5.88%Q2 ’245.96%Q2 ’256.04%Q2 ’26+2%+1%

Non-interest income vs. expense

3.14%Q2 ’242.93%Q2 ’253.33%Q2 ’26-9%+17%

Market Position · Fairbanks-College, AK · 2026 SOD (annual) · 20.6% share · #3 of 6 inst. · $0.4B of $2.1B

20.6% Fairbanks North Star
28.9% Southeast Fairbanks

Executive Summary

  • Earnings: ROA of 1.47%, down 17 bps year over year; NIM at 4.97%.
  • Asset quality: problem loans at 2.02% of loans (+39 bps YoY), with net charge-offs at 0.17%.
  • Capital: tier 1 leverage ratio of 11.65%, down 64 bps from a year ago.
  • Funding: loans stand at 82.06% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.47%-17 bps YoY

Net Interest Margin (YTD, annualized)

4.97%+3 bps YoY

Efficiency Ratio (YTD, annualized)

60.48%+695 bps YoY

Tier 1 Leverage Ratio

11.65%-64 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.65%1.68%1.64%1.37%1.47%-17 bps
Return on Equity15.02%15.03%14.94%13.36%14.08%-93 bps
Net Interest Margin4.94%4.95%5.08%4.91%4.97%+3 bps
Efficiency Ratio53.52%53.58%55.93%61.93%60.48%+695 bps
Non-Interest Burden2.39%2.39%2.58%2.84%2.80%+40 bps
Growth
Asset Growth (YoY)6.72%6.50%0.34%-0.96%-2.32%-903 bps
Loan Growth (YoY)5.59%4.89%2.92%0.34%1.64%-395 bps
Deposit Growth (YoY)6.18%7.24%0.31%0.58%-0.99%-716 bps
Asset Quality
Nonperforming Loans / Loans1.63%2.23%2.08%2.15%2.02%+39 bps
Net Charge-Offs / Loans0.07%0.29%0.27%0.20%0.17%+11 bps
Allowance / Loans2.20%2.11%2.11%2.17%2.19%-1 bps
Allowance Coverage of NPLs1.4x0.9x1.0x1.0x1.1x-0.3x
Capital
Tier 1 Leverage Ratio12.29%12.55%10.67%11.38%11.65%-64 bps
Total Risk-Based Capital17.86%18.20%15.31%16.05%16.03%-183 bps
Equity / Assets11.14%11.81%10.11%10.44%10.78%-36 bps
Liquidity & Funding
Loans / Deposits79.94%80.88%83.74%81.35%82.06%+212 bps
Liquid Assets / Assets9.65%7.70%4.37%6.42%6.33%-332 bps
CRE / Total Capitaln/a246%306%304%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

Denali State Bank

Fairbanks, AK · Cert 26530 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Denali Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$522.6MAssets
$376.4MLoans
$458.7MDeposits
$56.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 96% of banks under $1B in assets operating in a single state (rank 32 of 746).
  • Widest gap: net charge-offs / loans trails 89% of banks under $1B in assets operating in a single state (rank 663 of 743).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.46%

Rank 183 of 746

Net Interest Margin

4.97%

Rank 32 of 746

Efficiency Ratio

60.48%

Rank 289 of 746

Equity / Assets

10.78%

Rank 342 of 746

Non-interest income vs. expense

$2.8M$17.4MINCOMEEXPENSE
Unfavorable gap of $14.6M · efficiency ratio beats 61% of banks under $1B in assets operating in a single state
Bank 60.48%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.46%0.72%1.06%1.45%Beats 75%183 / 746
Return on Equity13.51%6.74%10.51%13.63%Beats 74%197 / 746
Net Interest Margin4.97%3.17%3.68%4.16%Beats 96%32 / 746
Efficiency Ratio60.48%55.74%64.58%75.47%Beats 61%289 / 746
Asset Quality
Nonperforming Loans / Loans2.02%0.09%0.42%1.07%Beats 12%655 / 743
Net Charge-Offs / Loans0.14%0.00%0.01%0.05%Beats 11%663 / 743
Capital
Tier 1 Capital Ratio14.77%11.55%13.75%17.60%Beats 59%307 / 746
Total Risk-Based Capital Ratio16.03%11.71%14.33%18.43%Beats 64%271 / 746
Equity / Assets10.78%8.90%10.51%13.06%Beats 54%342 / 746
Liquidity & Funding
Loans / Deposits82.06%61.31%78.27%90.78%58th pctl314 / 746
Loans / Assets72.02%53.60%66.97%76.08%63rd pctl276 / 746
Brokered Deposits / Depositsn/aNot reported for this institution