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Union Savings and Loan Association

Connersville, IN · Cert 29933

State savings bank · OCC · 4 branches

Q2 2026

$261.8MAssets
$211.9MLoans
$233.7MDeposits
$26.8MEquity
Loan mix
87%RE $183.3M6%C&I $12.5M8%Consumer $16.0MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $195.8M16%Noninterest $37.9MQ2 2025Q2 2026

NIM

5.34%Q2 ’245.81%Q2 ’255.99%Q2 ’26+10%+10%

Non-interest income vs. expense

2.93%Q2 ’243.08%Q2 ’253.06%Q2 ’26+7%+0%

Market Position · Indianapolis-Carmel-Greenwood, IN · 2026 SOD (annual) · 0.0% share · #41 of 49 inst. · $0.0B of $91.8B

35.2% Fayette
2.2% Hancock
6.4% Rush

Executive Summary

  • Earnings: ROA of 1.10%, up 28 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.89% of loans (+14 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 10.45%, up 65 bps from a year ago.
  • Funding: loans stand at 90.70% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.10%+28 bps YoY

Net Interest Margin (YTD, annualized)

4.05%+36 bps YoY

Efficiency Ratio (YTD, annualized)

65.97%-548 bps YoY

Tier 1 Leverage Ratio

10.45%+65 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.91%0.97%0.93%1.10%+28 bps
Return on Equity8.87%9.71%10.20%9.41%11.00%+213 bps
Net Interest Margin3.69%3.69%3.73%3.94%4.05%+36 bps
Efficiency Ratio71.45%70.43%69.01%69.60%65.97%-548 bps
Non-Interest Burden2.46%2.43%2.39%2.59%2.47%+1 bps
Growth
Asset Growth (YoY)2.21%6.64%4.08%2.32%5.19%+298 bps
Loan Growth (YoY)3.62%6.58%7.19%3.08%1.77%-185 bps
Deposit Growth (YoY)3.24%6.18%3.34%1.42%4.48%+124 bps
Asset Quality
Nonperforming Loans / Loans0.75%0.71%0.86%1.15%0.89%+14 bps
Net Charge-Offs / Loans0.12%0.07%0.08%0.02%0.10%-2 bps
Allowance / Loans1.08%1.09%1.08%1.13%1.13%+5 bps
Allowance Coverage of NPLs1.4x1.5x1.3x1.0x1.3x-0.2x
Capital
Tier 1 Leverage Ratio9.81%9.81%9.95%10.14%10.45%+65 bps
Total Risk-Based Capital9.81%9.81%9.95%10.14%10.45%+65 bps
Equity / Assets9.58%9.61%9.89%9.96%10.24%+66 bps
Liquidity & Funding
Loans / Deposits93.12%93.24%94.44%91.51%90.70%-242 bps
Liquid Assets / Assets6.96%4.51%3.42%6.37%6.46%-50 bps
CRE / Total Capitaln/a188.52%181.99%169.76%n/an/a