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Southern Bank

Poplar Bluff, MO · Cert 28332 · Southern Missouri Bcorp Inc.

State charter, Fed member · FED · 66 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=176). 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

36

Q2 2024Q2 2026peer median (50)

Profitability

62

Q2 2024Q2 2026peer median (50)

Liquidity

27

Q2 2024Q2 2026peer median

Efficiency

80

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

Southern Bank

Poplar Bluff, MO · Cert 28332 · Southern Missouri Bcorp Inc.

State charter, Fed member · FED · 66 branches

Q2 2026

$5.2BAssets
$4.4BLoans
$4.4BDeposits
$542.1MEquity
Loan mix
86%RE $3.5B13%C&I $0.5B1%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $3.8B13%Noninterest $0.6BQ2 2025Q2 2026

NIM

5.63%Q2 ’245.70%Q2 ’255.58%Q2 ’26+6%+5%

Non-interest income vs. expense

2.29%Q2 ’242.18%Q2 ’252.10%Q2 ’26-4%-4%

Market Position · Springfield, MO · 2026 SOD (annual) · 3.7% share · #10 of 41 inst. · $0.6B of $17.8B

38.6% Butler
15.1% Christian
23.0% Stoddard
6.8% Cape Girardeau

Executive Summary

  • Earnings: ROA of 1.53%, up 20 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.63% of loans (+7 bps YoY), with net charge-offs at 0.21%.
  • Capital: tier 1 leverage ratio of 10.45%, up 40 bps from a year ago.
  • Funding: loans stand at 99.37% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.53%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+16 bps YoY

Efficiency Ratio (YTD, annualized)

49.89%-351 bps YoY

Tier 1 Leverage Ratio

10.45%+40 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.33%1.32%1.36%1.44%1.53%+20 bps
Return on Equity13.48%13.25%13.54%13.80%14.63%+115 bps
Net Interest Margin3.28%3.32%3.31%3.44%3.43%+16 bps
Efficiency Ratio53.40%52.21%51.58%51.18%49.89%-351 bps
Non-Interest Burden1.49%1.47%1.45%1.49%1.43%-7 bps
Growth
Asset Growth (YoY)9.11%6.56%3.85%3.35%4.37%-474 bps
Loan Growth (YoY)6.53%5.69%4.99%7.44%7.13%+61 bps
Deposit Growth (YoY)8.66%6.03%2.23%1.80%2.83%-584 bps
Asset Quality
Nonperforming Loans / Loans0.56%0.62%0.70%0.70%0.63%+7 bps
Net Charge-Offs / Loans0.31%0.32%0.22%0.03%0.21%-10 bps
Allowance / Loans1.26%1.24%1.29%1.29%1.25%-1 bps
Allowance Coverage of NPLs2.2x2.0x1.8x1.9x2.0x-0.3x
Capital
Tier 1 Leverage Ratio10.05%10.18%10.34%10.38%10.45%+40 bps
Total Risk-Based Capital13.34%13.27%13.38%13.23%13.37%+2 bps
Equity / Assets10.03%10.29%10.45%10.44%10.45%+42 bps
Liquidity & Funding
Loans / Deposits95.38%97.49%97.84%99.26%99.37%+399 bps
Liquid Assets / Assets2.25%1.03%0.68%0.04%0.12%-212 bps
CRE / Total Capitaln/a416%409%413%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

Southern Bank

Poplar Bluff, MO · Cert 28332 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Southern Missouri Bcorp Inc.

State charter, Fed member · FED · 66 branches

Q2 2026

$5.2BAssets
$4.4BLoans
$4.4BDeposits
$542.1MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 80% of banks $1B-$10B in assets operating regionally (rank 36 of 176).
  • Widest gap: net charge-offs / loans trails 80% of banks $1B-$10B in assets operating regionally (rank 141 of 176).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.51%

Rank 48 of 176

Net Interest Margin

3.43%

Rank 104 of 176

Efficiency Ratio

51.23%

Rank 36 of 176

Equity / Assets

10.45%

Rank 83 of 176

Non-interest income vs. expense

$34.7M$108.2MINCOMEEXPENSE
Unfavorable gap of $73.5M · efficiency ratio beats 80% of banks $1B-$10B in assets operating regionally
Bank 51.23%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.51%0.93%1.26%1.54%Beats 73%48 / 176
Return on Equity14.40%9.26%11.89%14.46%Beats 73%47 / 176
Net Interest Margin3.43%3.25%3.59%3.93%Beats 41%104 / 176
Efficiency Ratio51.23%52.79%59.55%67.66%Beats 80%36 / 176
Asset Quality
Nonperforming Loans / Loans0.63%0.30%0.64%1.32%Beats 51%88 / 176
Net Charge-Offs / Loans0.11%0.01%0.04%0.10%Beats 20%141 / 176
Capital
Tier 1 Capital Ratio12.12%11.15%12.72%14.15%Beats 44%99 / 176
Total Risk-Based Capital Ratio13.37%11.81%13.63%15.33%Beats 47%94 / 176
Equity / Assets10.45%9.16%10.35%11.80%Beats 53%83 / 176
Liquidity & Funding
Loans / Deposits99.37%80.94%89.73%97.21%82nd pctl32 / 176
Loans / Assets84.72%69.25%75.12%80.82%91st pctl15 / 176
Brokered Deposits / Depositsn/aNot reported for this institution