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Letter portraitLegal landscapeQuarterYTD

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 $5.8MQ3 2024Q2 2026
Deposit mix
90%Interest-bearing $231.9M10%Noninterest $25.4MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.22%0.15%0.59%0.63%0.53%0.50%0.84%0.96%+33 bps
Return on Equity1.64%1.14%4.23%4.51%3.77%3.53%5.62%6.39%+188 bps
Net Interest Margin2.02%2.12%2.50%2.54%2.60%2.69%3.08%3.11%+56 bps
Efficiency Ratio88.62%89.68%72.82%71.16%75.14%76.78%67.19%63.40%-776 bps
Non-Interest Burden1.70%1.80%1.68%1.68%1.86%1.96%1.91%1.80%+12 bps
Growth
Asset Growth (YoY)0.90%-0.51%3.02%1.81%2.10%1.65%-0.07%1.70%-11 bps
Loan Growth (YoY)3.54%3.70%3.99%3.45%3.33%3.49%4.56%4.92%+147 bps
Deposit Growth (YoY)-1.44%-1.34%2.97%1.93%2.49%1.38%-0.63%0.60%-133 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.24%0.03%0.06%0.12%0.20%0.18%0.32%+26 bps
Net Charge-Offs / Loans0.00%0.00%0.04%0.02%0.02%0.02%0.01%0.01%-2 bps
Allowance / Loans0.64%0.63%0.63%0.63%0.63%0.63%0.63%0.64%+1 bps
Allowance Coverage of NPLs3.4x2.6x21.4x10.8x5.1x3.2x3.6x2.0x-8.8x
Capital
Tier 1 Leverage Ratio12.42%12.51%12.27%12.36%12.36%12.59%12.75%12.86%+50 bps
Total Risk-Based Capital26.30%25.90%26.22%26.34%26.21%25.95%25.99%26.25%-9 bps
Equity / Assets13.78%13.99%13.82%14.14%14.35%14.99%15.02%15.12%+98 bps
Liquidity & Funding
Loans / Deposits89.49%90.89%87.99%88.41%90.23%92.79%92.59%92.21%+380 bps
Liquid Assets / Assets2.85%3.12%5.72%5.37%4.30%3.64%4.16%5.86%+49 bps
CRE / Total Capitaln/an/an/an/a18.03%18.17%18.31%n/an/a