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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

$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

3.99%Q2 ’244.27%Q2 ’254.57%Q2 ’26+30%+22%

Non-interest income vs. expense

1.98%Q2 ’241.92%Q2 ’252.03%Q2 ’26+7%+1%

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 1.08%, up 41 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.32% of loans (+26 bps YoY), with net charge-offs at 0.00%.
  • 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 (quarter, annualized)

1.08%+41 bps YoY

Net Interest Margin (quarter, annualized)

3.17%+56 bps YoY

Efficiency Ratio (quarter, annualized)

59.82%-973 bps YoY

Tier 1 Leverage Ratio

12.86%+50 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.33%0.42%0.84%1.08%+41 bps
Return on Equity4.78%2.32%2.89%5.62%7.16%+238 bps
Net Interest Margin2.61%2.74%2.91%3.08%3.17%+56 bps
Efficiency Ratio69.55%83.74%80.90%67.19%59.82%-973 bps
Non-Interest Burden1.69%2.24%2.21%1.91%1.71%+2 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 / Loans0.01%0.02%0.00%0.01%0.00%-1 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