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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 $16.0MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $195.8M16%Noninterest $37.9MQ3 2024Q2 2026

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 1.27%, up 33 bps year over year; NIM at 4.16%.
  • Asset quality: problem loans at 0.89% of loans (+14 bps YoY), with net charge-offs at 0.18%.
  • 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.

Return on Assets (quarter, annualized)

1.27%+33 bps YoY

Net Interest Margin (quarter, annualized)

4.16%+35 bps YoY

Efficiency Ratio (quarter, annualized)

62.64%-612 bps YoY

Tier 1 Leverage Ratio

10.45%+65 bps YoY

NIM

5.45%Q2 ’245.88%Q2 ’256.12%Q2 ’26+13%+9%

Non-interest income vs. expense

2.96%Q2 ’243.06%Q2 ’253.04%Q2 ’26+6%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.70%0.80%0.70%0.94%1.09%1.13%0.93%1.27%+33 bps
Return on Equity7.69%8.64%7.67%10.05%11.34%11.59%9.41%12.57%+252 bps
Net Interest Margin3.44%3.55%3.52%3.81%3.90%3.98%3.94%4.16%+35 bps
Efficiency Ratio73.94%72.06%74.33%68.76%68.53%65.10%69.60%62.64%-612 bps
Non-Interest Burden2.38%2.38%2.46%2.42%2.49%2.38%2.59%2.35%-7 bps
Growth
Asset Growth (YoY)1.84%4.43%4.73%2.21%6.64%4.08%2.32%5.19%+298 bps
Loan Growth (YoY)4.85%5.03%7.25%3.62%6.58%7.19%3.08%1.77%-185 bps
Deposit Growth (YoY)3.44%4.69%5.14%3.24%6.18%3.34%1.42%4.48%+124 bps
Asset Quality
Nonperforming Loans / Loans0.77%0.73%0.73%0.75%0.71%0.86%1.15%0.89%+14 bps
Net Charge-Offs / Loans0.00%0.00%0.09%0.15%-0.04%0.12%0.02%0.18%+3 bps
Allowance / Loans0.97%1.09%1.08%1.08%1.09%1.08%1.13%1.13%+5 bps
Allowance Coverage of NPLs1.3x1.5x1.5x1.4x1.5x1.3x1.0x1.3x-0.2x
Capital
Tier 1 Leverage Ratio9.48%9.44%9.43%9.81%9.81%9.95%10.14%10.45%+65 bps
Total Risk-Based Capital9.48%9.44%9.43%9.81%9.81%9.95%10.14%10.45%+65 bps
Equity / Assets9.30%9.17%9.08%9.58%9.61%9.89%9.96%10.24%+66 bps
Liquidity & Funding
Loans / Deposits92.88%91.05%90.04%93.12%93.24%94.44%91.51%90.70%-242 bps
Liquid Assets / Assets4.47%7.08%8.28%6.96%4.51%3.42%6.37%6.46%-50 bps
CRE / Total Capitaln/an/an/an/a188.52%181.99%169.76%n/an/a