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Sturdy Savings Bank

Stone Harbor, NJ · Cert 28788 · Sturdy Bcorp MHC

SI · FDIC · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 (n=322 to 328). 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

57

Q2 2024Q2 2026peer median (50)

Asset Quality

89

Q2 2024Q2 2026peer median (50)

Profitability

27

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

15

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

Sturdy Savings Bank

Stone Harbor, NJ · Cert 28788 · Sturdy Bcorp MHC

SI · FDIC · 13 branches

Q2 2026

$1.1BAssets
$648.2MLoans
$1.0BDeposits
$97.6MEquity
Loan mix
97%RE $626.3M3%C&I $17.6M0%Consumer $0.3MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $799.5M22%Noninterest $223.7MQ3 2024Q2 2026

Market Position · Atlantic City-Hammonton, NJ · 2026 SOD (annual) · 8.9% share · #4 of 16 inst. · $1.0B of $11.5B

23.9% Cape May
0.6% Atlantic

Executive Summary

  • Earnings: ROA of 0.75%, up 36 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 0.15% of loans (+9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.68%, up 70 bps from a year ago.
  • Funding: loans stand at 63.34% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.75%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.23%+53 bps YoY

Efficiency Ratio (YTD, annualized)

72.07%-1,164 bps YoY

Tier 1 Leverage Ratio

9.68%+70 bps YoY

NIM

3.39%Q2 ’243.61%Q2 ’253.95%Q2 ’26+19%+20%

Non-interest income vs. expense

2.50%Q2 ’242.60%Q2 ’252.60%Q2 ’26+14%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.32%0.31%0.35%0.39%0.52%0.53%0.68%0.75%+36 bps
Return on Equity4.98%4.80%4.92%5.33%7.02%7.07%8.17%8.97%+364 bps
Net Interest Margin2.32%2.42%2.65%2.70%2.75%2.83%3.14%3.23%+53 bps
Efficiency Ratio86.17%85.61%85.27%83.71%80.80%78.89%73.11%72.07%-1,164 bps
Non-Interest Burden1.93%2.01%2.20%2.19%2.14%2.14%2.18%2.20%+2 bps
Growth
Asset Growth (YoY)-6.11%-6.78%-0.56%-1.09%-0.07%0.17%-1.28%1.21%+230 bps
Loan Growth (YoY)4.11%6.24%9.95%5.71%4.51%3.05%3.34%2.44%-327 bps
Deposit Growth (YoY)-2.23%-0.82%0.77%0.98%1.88%1.50%1.70%3.42%+245 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.31%0.29%0.06%0.06%0.06%0.15%0.15%+9 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.03%0.03%0.00%0.00%0 bps
Allowance / Loans0.59%0.61%0.60%0.60%0.50%0.51%0.51%0.50%-10 bps
Allowance Coverage of NPLs5.2x2.0x2.0x10.8x8.9x9.2x3.3x3.4x-7.4x
Capital
Tier 1 Leverage Ratio8.39%8.59%8.91%8.98%8.95%9.04%9.55%9.68%+70 bps
Total Risk-Based Capital15.59%15.66%15.63%15.79%16.55%16.63%16.61%16.80%+101 bps
Equity / Assets6.70%7.11%7.28%7.47%7.60%8.17%8.43%8.53%+106 bps
Liquidity & Funding
Loans / Deposits57.18%60.91%63.86%63.95%58.66%61.84%64.89%63.34%-61 bps
Liquid Assets / Assets27.83%24.86%23.76%23.34%28.12%25.61%23.27%24.36%+102 bps
CRE / Total Capitaln/an/an/an/a281%278%279%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

Sturdy Savings Bank

Stone Harbor, NJ · Cert 28788 · Peer group: banks $1B-$10B in assets (n=322-328) · Sturdy Bcorp MHC

SI · FDIC · 13 branches

Q2 2026

$1.1BAssets
$648.2MLoans
$1.0BDeposits
$97.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 94% of banks $1B-$10B in assets (rank 23 of 322).
  • Widest gap: equity / assets trails 87% of banks $1B-$10B in assets (rank 287 of 328).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.74%

Rank 272 of 328

Net Interest Margin

3.23%

Rank 211 of 328

Efficiency Ratio

72.07%

Rank 279 of 328

Equity / Assets

8.53%

Rank 287 of 328

Non-interest income vs. expense

$4.6M$30.1MINCOMEEXPENSE
Unfavorable gap of $25.5M · efficiency ratio beats 15% of banks $1B-$10B in assets
Bank 72.07%Peer median 59.6%Q4 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.74%0.91%1.22%1.52%Beats 17%272 / 328
Return on Equity8.69%8.43%11.45%14.43%Beats 27%239 / 328
Net Interest Margin3.23%3.03%3.45%3.83%Beats 36%211 / 328
Efficiency Ratio72.07%51.61%59.56%67.53%Beats 15%279 / 328
Asset Quality
Nonperforming Loans / Loans0.15%0.24%0.51%1.03%Beats 83%57 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 94%23 / 322
Capital
Tier 1 Capital Ratio16.31%11.75%13.15%15.47%Beats 81%63 / 328
Total Risk-Based Capital Ratio16.80%12.63%14.15%16.46%Beats 78%72 / 328
Equity / Assets8.53%9.15%10.33%12.01%Beats 13%287 / 328
Liquidity & Funding
Loans / Deposits63.34%76.63%87.92%95.36%9th pctl295 / 323
Loans / Assets56.67%65.18%74.15%79.98%13th pctl284 / 328
Brokered Deposits / Depositsn/aNot reported for this institution