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Balboa Thrift and Loan Association

Chula Vista, CA · Cert 26704

State charter, non-member · FDIC · 4 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=748 to 752). 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

29

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

32

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

40

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

Balboa Thrift and Loan Association

Chula Vista, CA · Cert 26704

State charter, non-member · FDIC · 4 branches

Q2 2026

$394.5MAssets
$355.2MLoans
$348.3MDeposits
$44.0MEquity
Loan mix
37%RE $138.2M0%C&I $0.3M62%Consumer $230.2MQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $347.0M0%Noninterest $1.4MQ2 2025Q2 2026

NIM

7.92%Q2 ’248.46%Q2 ’258.54%Q2 ’26+14%+7%

Non-interest income vs. expense

3.42%Q2 ’243.63%Q2 ’253.50%Q2 ’26+6%-5%

Market Position · San Diego-Chula Vista-Carlsbad, CA · 2026 SOD (annual) · 0.1% share · #24 of 42 inst. · $0.2B of $135.0B

0.1% San Diego
0.5% Fresno
0.0% Los Angeles
0.0% Riverside

Executive Summary

  • Earnings: ROA of -0.70%, down 39 bps year over year; NIM at 4.89%.
  • Asset quality: problem loans at 1.14% of loans (+84 bps YoY), with net charge-offs at 2.57%.
  • Capital: tier 1 leverage ratio of 10.61%, down 57 bps from a year ago.
  • Funding: loans stand at 101.96% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.70%-39 bps YoY

Net Interest Margin (YTD, annualized)

4.89%+30 bps YoY

Efficiency Ratio (YTD, annualized)

69.05%-728 bps YoY

Tier 1 Leverage Ratio

10.61%-57 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.31%-0.45%-0.51%-0.60%-0.70%-39 bps
Return on Equity-2.78%-4.00%-4.55%-5.47%-6.35%-356 bps
Net Interest Margin4.59%4.56%4.78%4.82%4.89%+30 bps
Efficiency Ratio76.33%76.73%75.65%68.95%69.05%-728 bps
Non-Interest Burden3.46%3.47%3.57%3.24%3.30%-16 bps
Growth
Asset Growth (YoY)1.47%-0.46%-2.95%-1.93%-5.81%-729 bps
Loan Growth (YoY)0.05%-3.08%-1.50%-5.28%-8.17%-821 bps
Deposit Growth (YoY)2.07%-0.15%-2.96%-1.53%-5.77%-783 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.40%0.49%0.97%1.14%+84 bps
Net Charge-Offs / Loans1.98%2.07%2.14%2.36%2.57%+60 bps
Allowance / Loans2.09%2.12%2.27%2.38%2.55%+46 bps
Allowance Coverage of NPLs6.9x5.3x4.7x2.4x2.2x-4.6x
Capital
Tier 1 Leverage Ratio11.18%10.83%10.66%10.76%10.61%-57 bps
Total Risk-Based Capital11.18%10.83%10.66%10.76%10.61%-57 bps
Equity / Assets11.19%10.88%11.08%10.97%11.15%-4 bps
Liquidity & Funding
Loans / Deposits104.63%102.12%103.88%102.10%101.96%-266 bps
Liquid Assets / Assets5.10%7.52%5.18%6.56%6.14%+104 bps
CRE / Total Capitaln/a247%239%244%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

Balboa Thrift and Loan Association

Chula Vista, CA · Cert 26704 · Peer group: banks under $1B in assets operating in a single state (n=748-752)

State charter, non-member · FDIC · 4 branches

Q2 2026

$394.5MAssets
$355.2MLoans
$348.3MDeposits
$44.0MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 95% of banks under $1B in assets operating in a single state (rank 40 of 752).
  • Widest gap: net charge-offs / loans trails 99% of banks under $1B in assets operating in a single state (rank 745 of 748).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

-0.72%

Rank 741 of 752

Net Interest Margin

4.89%

Rank 40 of 752

Efficiency Ratio

69.05%

Rank 454 of 752

Equity / Assets

11.15%

Rank 321 of 752

Non-interest income vs. expense

$0.8M$14.1MINCOMEEXPENSE
Unfavorable gap of $13.3M · efficiency ratio beats 40% of banks under $1B in assets operating in a single state
Bank 69.05%Peer median 64.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.72%0.72%1.07%1.45%Beats 1%741 / 752
Return on Equity-6.45%6.78%10.58%13.65%Beats 1%743 / 752
Net Interest Margin4.89%3.18%3.69%4.17%Beats 95%40 / 752
Efficiency Ratio69.05%55.75%64.49%75.47%Beats 40%454 / 752
Asset Quality
Nonperforming Loans / Loans1.14%0.09%0.42%1.03%Beats 23%579 / 748
Net Charge-Offs / Loans1.40%0.00%0.01%0.05%Beats 1%745 / 748
Capital
Tier 1 Capital Ratio10.61%11.55%13.75%17.60%Beats 15%638 / 752
Total Risk-Based Capital Ratio10.61%11.70%14.33%18.47%Beats 14%650 / 752
Equity / Assets11.15%8.93%10.56%13.13%Beats 57%321 / 752
Liquidity & Funding
Loans / Deposits101.96%62.23%78.64%91.26%91st pctl64 / 752
Loans / Assets90.04%54.61%67.41%76.47%99th pctl7 / 752
Brokered Deposits / Depositsn/aNot reported for this institution