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Carthage Savings and Loan, National Association

Carthage, NY · Cert 28942 · Riverbank Financial Corp. MHC

National charter · OCC · 3 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

90

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

29

Q2 2024Q2 2026peer median (50)

Liquidity

36

Q2 2024Q2 2026peer median

Efficiency

54

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

Carthage Savings and Loan, National Association

Carthage, NY · Cert 28942 · Riverbank Financial Corp. MHC

National charter · OCC · 3 branches

Q2 2026

$312.1MAssets
$237.3MLoans
$257.4MDeposits
$47.2MEquity
Loan mix
97%RE $229.7M0%C&I $0.2M2%Consumer $5.8MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $231.9M10%Noninterest $25.4MQ2 2025Q2 2026

NIM

3.94%Q2 ’244.21%Q2 ’254.51%Q2 ’26+29%+22%

Non-interest income vs. expense

2.01%Q2 ’241.93%Q2 ’252.10%Q2 ’26-1%+7%

Market Position · Watertown-Fort Drum, NY · 2026 SOD (annual) · 11.2% share · #3 of 8 inst. · $0.2B of $2.2B

11.2% Jefferson
4.3% Lewis

Executive Summary

  • Earnings: ROA of 0.96%, up 33 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.32% of loans (+26 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.86%, up 50 bps from a year ago.
  • Funding: loans stand at 92.21% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.96%+33 bps YoY

Net Interest Margin (YTD, annualized)

3.11%+56 bps YoY

Efficiency Ratio (YTD, annualized)

63.40%-776 bps YoY

Tier 1 Leverage Ratio

12.86%+50 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.63%0.53%0.50%0.84%0.96%+33 bps
Return on Equity4.51%3.77%3.53%5.62%6.39%+188 bps
Net Interest Margin2.54%2.60%2.69%3.08%3.11%+56 bps
Efficiency Ratio71.16%75.14%76.78%67.19%63.40%-776 bps
Non-Interest Burden1.68%1.86%1.96%1.91%1.80%+12 bps
Growth
Asset Growth (YoY)1.81%2.10%1.65%-0.07%1.70%-11 bps
Loan Growth (YoY)3.45%3.33%3.49%4.56%4.92%+147 bps
Deposit Growth (YoY)1.93%2.49%1.38%-0.63%0.60%-133 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.12%0.20%0.18%0.32%+26 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.01%0.01%-2 bps
Allowance / Loans0.63%0.63%0.63%0.63%0.64%+1 bps
Allowance Coverage of NPLs10.8x5.1x3.2x3.6x2.0x-8.8x
Capital
Tier 1 Leverage Ratio12.36%12.36%12.59%12.75%12.86%+50 bps
Total Risk-Based Capital26.34%26.21%25.95%25.99%26.25%-9 bps
Equity / Assets14.14%14.35%14.99%15.02%15.12%+98 bps
Liquidity & Funding
Loans / Deposits88.41%90.23%92.79%92.59%92.21%+380 bps
Liquid Assets / Assets5.37%4.30%3.64%4.16%5.86%+49 bps
CRE / Total Capitaln/a18.03%18.17%18.31%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

Carthage Savings and Loan, National Association

Carthage, NY · Cert 28942 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Riverbank Financial Corp. MHC

National charter · OCC · 3 branches

Q2 2026

$312.1MAssets
$237.3MLoans
$257.4MDeposits
$47.2MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 92% of banks under $1B in assets operating in a single state (rank 61 of 746).
  • Widest gap: net interest margin trails 78% of banks under $1B in assets operating in a single state (rank 579 of 746).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.95%

Rank 432 of 746

Net Interest Margin

3.11%

Rank 579 of 746

Efficiency Ratio

63.40%

Rank 347 of 746

Equity / Assets

15.12%

Rank 95 of 746

Non-interest income vs. expense

$0.9M$6.5MINCOMEEXPENSE
Unfavorable gap of $5.6M · efficiency ratio beats 54% of banks under $1B in assets operating in a single state
Bank 63.40%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.95%0.72%1.06%1.45%Beats 42%432 / 746
Return on Equity6.28%6.74%10.51%13.63%Beats 23%575 / 746
Net Interest Margin3.11%3.17%3.68%4.16%Beats 22%579 / 746
Efficiency Ratio63.40%55.74%64.58%75.47%Beats 54%347 / 746
Asset Quality
Nonperforming Loans / Loans0.32%0.09%0.42%1.07%Beats 58%312 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 65%263 / 743
Capital
Tier 1 Capital Ratio25.26%11.55%13.75%17.60%Beats 91%64 / 746
Total Risk-Based Capital Ratio26.25%11.71%14.33%18.43%Beats 92%61 / 746
Equity / Assets15.12%8.90%10.51%13.06%Beats 87%95 / 746
Liquidity & Funding
Loans / Deposits92.21%61.31%78.27%90.78%78th pctl165 / 746
Loans / Assets76.05%53.60%66.97%76.08%75th pctl188 / 746
Brokered Deposits / Depositsn/aNot reported for this institution