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Eaton Community Bank

Charlotte, MI · Cert 29846 · Eaton Fed Mutual Holding Co.

State savings bank · OCC · 7 branches

Q2 2026

$543.5MAssets
$341.1MLoans
$459.0MDeposits
$66.2MEquity
Loan mix
74%RE $244.2M5%C&I $16.6M21%Consumer $71.3MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $396.1M14%Noninterest $62.9MQ3 2024Q2 2026

Market Position · Lansing-East Lansing, MI · 2026 SOD (annual) · 3.5% share · #9 of 18 inst. · $0.4B of $12.3B

19.9% Eaton
0.8% Ingham
4.4% Barry

Executive Summary

  • Earnings: ROA of 0.81%, up 28 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 1.23% of loans (+95 bps YoY), with net charge-offs at 1.03%.
  • Capital: tier 1 leverage ratio of 12.89%, down 94 bps from a year ago.
  • Funding: loans stand at 74.32% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.81%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.21%+21 bps YoY

Efficiency Ratio (YTD, annualized)

70.74%-863 bps YoY

Tier 1 Leverage Ratio

12.89%-94 bps YoY

NIM

4.72%Q2 ’244.88%Q2 ’254.92%Q2 ’26-6%+7%

Non-interest income vs. expense

2.80%Q2 ’242.87%Q2 ’252.71%Q2 ’26-2%-8%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.66%0.64%0.52%0.53%0.55%-0.05%0.72%0.81%+28 bps
Return on Equity5.36%5.14%4.23%4.31%4.40%-0.42%5.89%6.66%+235 bps
Net Interest Margin3.22%3.16%3.01%3.01%2.98%2.97%3.16%3.21%+21 bps
Efficiency Ratio72.97%76.46%81.05%79.38%78.35%78.80%73.97%70.74%-863 bps
Non-Interest Burden2.25%2.35%2.37%2.30%2.24%2.25%2.22%2.13%-17 bps
Growth
Asset Growth (YoY)9.57%8.01%9.20%3.20%3.86%8.15%6.05%9.50%+631 bps
Loan Growth (YoY)20.81%22.23%18.31%14.90%14.15%14.21%14.97%11.70%-320 bps
Deposit Growth (YoY)21.80%23.87%12.27%5.23%0.11%5.05%2.83%6.37%+113 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.15%0.16%0.29%1.83%1.75%1.27%1.23%+95 bps
Net Charge-Offs / Loans0.02%0.00%0.03%0.05%0.04%0.05%2.05%1.03%+98 bps
Allowance / Loans1.11%0.99%0.98%0.95%0.95%1.45%0.91%0.90%-5 bps
Allowance Coverage of NPLs8.4x6.6x6.3x3.3x0.5x0.8x0.7x0.7x-2.6x
Capital
Tier 1 Leverage Ratio13.93%13.90%13.60%13.82%13.77%13.09%12.77%12.89%-94 bps
Total Risk-Based Capital13.93%13.90%13.60%13.82%13.77%13.09%12.77%12.89%-94 bps
Equity / Assets12.66%12.50%12.22%12.47%12.80%12.30%12.13%12.18%-29 bps
Liquidity & Funding
Loans / Deposits65.73%67.48%65.80%70.77%74.95%73.36%73.57%74.32%+355 bps
Liquid Assets / Assets2.35%2.25%6.52%2.13%1.78%2.35%3.16%1.68%-45 bps
CRE / Total Capitaln/an/an/an/a160.26%175.21%170.82%n/an/a