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Mutual Savings Bank

Franklin, IN · Cert 27742 · Third Century Bcorp

SI · 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=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

33

Q2 2024Q2 2026peer median (50)

Asset Quality

87

Q2 2024Q2 2026peer median (50)

Profitability

40

Q2 2024Q2 2026peer median (50)

Liquidity

98

Q2 2024Q2 2026peer median

Efficiency

34

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

Mutual Savings Bank

Franklin, IN · Cert 27742 · Third Century Bcorp

SI · FDIC · 4 branches

Q2 2026

$352.9MAssets
$223.8MLoans
$284.3MDeposits
$25.2MEquity
Loan mix
92%RE $199.7M7%C&I $15.8M1%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $240.4M15%Noninterest $43.9MQ2 2025Q2 2026

NIM

4.70%Q2 ’244.78%Q2 ’255.08%Q2 ’26+8%+12%

Non-interest income vs. expense

2.37%Q2 ’242.40%Q2 ’252.49%Q2 ’260%+2%

Market Position · Indianapolis-Carmel-Greenwood, IN · 2026 SOD (annual) · 0.3% share · #28 of 49 inst. · $0.3B of $91.8B

Executive Summary

  • Earnings: ROA of 0.88%, up 22 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.00% of loans (-82 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.22%, up 24 bps from a year ago.
  • Funding: loans stand at 78.72% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.88%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.02%+33 bps YoY

Efficiency Ratio (YTD, annualized)

71.36%-575 bps YoY

Tier 1 Leverage Ratio

10.22%+24 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.67%0.69%0.81%0.88%+22 bps
Return on Equity11.15%11.26%11.41%12.23%12.98%+183 bps
Net Interest Margin2.69%2.62%2.74%2.93%3.02%+33 bps
Efficiency Ratio77.11%76.20%74.51%73.04%71.36%-575 bps
Non-Interest Burden1.97%1.90%1.91%2.03%2.02%+5 bps
Growth
Asset Growth (YoY)1.86%7.57%11.81%11.21%9.47%+761 bps
Loan Growth (YoY)6.40%3.53%6.23%6.61%5.34%-106 bps
Deposit Growth (YoY)0.68%8.06%16.31%15.02%16.36%+1,568 bps
Asset Quality
Nonperforming Loans / Loans0.82%0.00%0.17%0.00%0.00%-82 bps
Net Charge-Offs / Loans0.00%-0.01%0.00%0.00%0.00%0 bps
Allowance / Loans1.39%1.38%1.43%1.42%1.39%0 bps
Allowance Coverage of NPLs1.7xn/a8.6xn/an/an/a
Capital
Tier 1 Leverage Ratio9.98%9.63%10.03%10.01%10.22%+24 bps
Total Risk-Based Capital13.45%14.04%13.39%14.30%14.27%+82 bps
Equity / Assets5.78%6.01%6.45%6.80%7.14%+136 bps
Liquidity & Funding
Loans / Deposits86.96%79.95%79.02%78.04%78.72%-823 bps
Liquid Assets / Assets5.69%11.66%9.63%9.99%9.90%+421 bps
CRE / Total Capitaln/a314%329%321%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

Mutual Savings Bank

Franklin, IN · Cert 27742 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Third Century Bcorp

SI · FDIC · 4 branches

Q2 2026

$352.9MAssets
$223.8MLoans
$284.3MDeposits
$25.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 105 of 743).
  • Widest gap: equity / assets trails 92% of banks under $1B in assets operating in a single state (rank 688 of 746).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.88%

Rank 475 of 746

Net Interest Margin

3.02%

Rank 607 of 746

Efficiency Ratio

71.36%

Rank 495 of 746

Equity / Assets

7.14%

Rank 688 of 746

Non-interest income vs. expense

$1.6M$8.6MINCOMEEXPENSE
Unfavorable gap of $7.0M · efficiency ratio beats 34% of banks under $1B in assets operating in a single state
Bank 71.36%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.88%0.72%1.06%1.45%Beats 36%475 / 746
Return on Equity12.27%6.74%10.51%13.63%Beats 66%257 / 746
Net Interest Margin3.02%3.17%3.68%4.16%Beats 18%607 / 746
Efficiency Ratio71.36%55.74%64.58%75.47%Beats 34%495 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 100%105 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 73%207 / 743
Capital
Tier 1 Capital Ratio13.05%11.55%13.75%17.60%Beats 42%430 / 746
Total Risk-Based Capital Ratio14.27%11.71%14.33%18.43%Beats 49%378 / 746
Equity / Assets7.14%8.90%10.51%13.06%Beats 8%688 / 746
Liquidity & Funding
Loans / Deposits78.72%61.31%78.27%90.78%51st pctl366 / 746
Loans / Assets63.42%53.60%66.97%76.08%42nd pctl435 / 746
Brokered Deposits / Depositsn/aNot reported for this institution