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Adirondack Bank

Utica, NY · Cert 28380 · Adirondack Bcorp Inc.

State charter, Fed member · FED · 19 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 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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

21

Q2 2024Q2 2026peer median (50)

Asset Quality

40

Q2 2024Q2 2026peer median (50)

Profitability

18

Q2 2024Q2 2026peer median (50)

Liquidity

6

Q2 2024Q2 2026peer median

Efficiency

0

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

Adirondack Bank

Utica, NY · Cert 28380 · Adirondack Bcorp Inc.

State charter, Fed member · FED · 19 branches

Q2 2026

$1.0BAssets
$607.8MLoans
$928.6MDeposits
$60.9MEquity
Loan mix
82%RE $503.4M17%C&I $101.8M1%Consumer $7.4MQ2 2025Q2 2026
Deposit mix
64%Interest-bearing $590.1M36%Noninterest $338.5MQ2 2025Q2 2026

NIM

4.17%Q2 ’244.32%Q2 ’254.19%Q2 ’26+7%+0%

Non-interest income vs. expense

3.51%Q2 ’243.61%Q2 ’256.23%Q2 ’26+3%+85%

Market Position · Utica-Rome, NY · 2026 SOD (annual) · 15.0% share · #3 of 9 inst. · $0.8B of $5.6B

12.5% Oneida
29.2% Herkimer
5.6% Franklin
3.7% Essex

Executive Summary

  • Earnings: ROA of -2.12%, down 250 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.72% of loans (-46 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 7.25%, down 134 bps from a year ago.
  • Funding: loans stand at 65.45% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-2.12%-250 bps YoY

Net Interest Margin (YTD, annualized)

3.53%+1 bps YoY

Efficiency Ratio (YTD, annualized)

151.25%+6,291 bps YoY

Tier 1 Leverage Ratio

7.25%-134 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.38%0.42%0.45%0.19%-2.12%-250 bps
Return on Equity5.37%5.95%6.22%2.52%-29.99%-3,536 bps
Net Interest Margin3.52%3.56%3.57%3.60%3.53%+1 bps
Efficiency Ratio88.34%87.46%86.76%95.06%151.25%+6,291 bps
Non-Interest Burden3.04%3.03%3.01%3.39%5.64%+260 bps
Growth
Asset Growth (YoY)0.41%1.64%1.03%1.61%4.71%+430 bps
Loan Growth (YoY)-0.23%-0.39%0.18%-1.84%-1.87%-164 bps
Deposit Growth (YoY)0.93%2.73%1.20%1.31%6.20%+527 bps
Asset Quality
Nonperforming Loans / Loans1.18%1.02%0.71%0.68%0.72%-46 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.03%+2 bps
Allowance / Loans0.75%0.75%0.75%0.77%0.76%+1 bps
Allowance Coverage of NPLs0.6x0.7x1.1x1.1x1.1x+0.4x
Capital
Tier 1 Leverage Ratio8.59%8.55%8.54%8.52%7.25%-134 bps
Total Risk-Based Capital17.76%17.53%17.94%18.15%12.54%-522 bps
Equity / Assets7.27%7.23%7.91%7.27%6.05%-122 bps
Liquidity & Funding
Loans / Deposits70.83%68.18%73.58%66.21%65.45%-538 bps
Liquid Assets / Assets3.40%3.10%1.40%5.21%6.74%+334 bps
CRE / Total Capitaln/a258%253%252%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

Adirondack Bank

Utica, NY · Cert 28380 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Adirondack Bcorp Inc.

State charter, Fed member · FED · 19 branches

Q2 2026

$1.0BAssets
$607.8MLoans
$928.6MDeposits
$60.9MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 53% of banks $1B-$10B in assets operating in a single state (rank 120 of 258).
  • Widest gap: efficiency ratio trails 100% of banks $1B-$10B in assets operating in a single state (rank 257 of 257).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

-2.08%

Rank 258 of 258

Net Interest Margin

3.53%

Rank 120 of 258

Efficiency Ratio

151.25%

Rank 257 of 257

Equity / Assets

6.05%

Rank 253 of 258

Non-interest income vs. expense

$5.9M$61.4MINCOMEEXPENSE
Unfavorable gap of $55.5M · efficiency ratio beats 0% of banks $1B-$10B in assets operating in a single state
Bank 151.25%Peer median 60.3%Q3 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-2.08%0.93%1.23%1.54%Beats 0%258 / 258
Return on Equity-34.30%9.26%11.84%14.74%Beats 0%258 / 258
Net Interest Margin3.53%3.16%3.49%3.88%Beats 53%120 / 258
Efficiency Ratio151.25%51.71%60.30%69.65%Beats 0%257 / 257
Asset Quality
Nonperforming Loans / Loans0.72%0.19%0.46%0.90%Beats 30%181 / 258
Net Charge-Offs / Loans0.02%0.01%0.02%0.07%Beats 50%130 / 258
Capital
Tier 1 Capital Ratio11.76%11.41%12.98%15.12%Beats 29%184 / 258
Total Risk-Based Capital Ratio12.54%12.10%13.91%16.08%Beats 31%177 / 258
Equity / Assets6.05%9.09%10.24%11.72%Beats 2%253 / 258
Liquidity & Funding
Loans / Deposits65.45%73.24%86.34%95.95%13th pctl225 / 258
Loans / Assets60.46%63.01%72.27%78.40%20th pctl206 / 258
Brokered Deposits / Depositsn/aNot reported for this institution