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Morganton Savings Bank, S.S.B.

Morganton, NC · Cert 30434

SI · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

85

Q2 2024Q2 2026peer median (50)

Asset Quality

83

Q2 2024Q2 2026peer median (50)

Profitability

19

Q2 2024Q2 2026peer median (50)

Liquidity

69

Q2 2024Q2 2026peer median

Efficiency

11

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Morganton Savings Bank, S.S.B.

Morganton, NC · Cert 30434

SI · FDIC · 1 branch

Q2 2026

$114.4MAssets
$68.2MLoans
$77.7MDeposits
$28.3MEquity
Loan mix
100%RE $66.4M0%C&I $0.0M0%Consumer $0.0MQ3 2024Q2 2026
Deposit mix
87%Interest-bearing $67.5M13%Noninterest $10.2MQ3 2024Q2 2026

Market Position · Hickory-Lenoir-Morganton, NC · 2026 SOD (annual) · 1.1% share · #11 of 15 inst. · $0.1B of $6.8B

Executive Summary

  • Earnings: ROA of 0.30%, down 6 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.21% of loans (-15 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 25.43%, down 188 bps from a year ago.
  • Funding: loans stand at 87.77% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.30%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.22%-16 bps YoY

Efficiency Ratio (YTD, annualized)

91.32%+178 bps YoY

Tier 1 Leverage Ratio

25.43%-188 bps YoY

NIM

5.36%Q2 ’244.26%Q2 ’254.15%Q2 ’26-25%-5%

Non-interest income vs. expense

2.76%Q2 ’243.11%Q2 ’253.04%Q2 ’26+7%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.60%0.69%0.26%0.36%0.45%0.21%0.20%0.30%-6 bps
Return on Equity6.42%2.73%0.95%1.36%1.68%0.79%0.74%1.16%-20 bps
Net Interest Margin4.28%4.14%3.36%3.39%3.36%3.34%3.18%3.22%-16 bps
Efficiency Ratio64.80%79.43%92.57%89.54%87.08%94.62%94.39%91.32%+178 bps
Non-Interest Burden2.78%3.34%3.10%3.02%2.91%3.16%2.99%2.93%-9 bps
Growth
Asset Growth (YoY)-9.00%-8.09%-5.05%-3.53%2.69%1.92%4.56%6.18%+971 bps
Loan Growth (YoY)-4.59%-5.92%-1.76%-2.62%-2.12%-1.54%-1.79%2.32%+493 bps
Deposit Growth (YoY)-10.57%-7.74%-2.93%0.58%3.36%1.75%6.21%9.01%+843 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.34%0.37%0.37%0.27%0.25%0.27%0.21%-15 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans3.48%3.54%3.53%3.58%3.55%3.60%3.59%3.50%-8 bps
Allowance Coverage of NPLs10.8x10.3x9.6x9.8x13.0x14.6x13.5x16.5x+6.7x
Capital
Tier 1 Leverage Ratio27.08%27.03%27.35%27.31%27.11%26.94%26.55%25.43%-188 bps
Total Risk-Based Capital27.08%27.03%27.35%27.31%27.11%26.94%26.55%25.43%-188 bps
Equity / Assets27.02%26.61%26.94%26.21%26.57%26.53%26.20%24.70%-150 bps
Liquidity & Funding
Loans / Deposits101.30%97.24%99.44%93.52%95.93%94.10%91.95%87.77%-574 bps
Liquid Assets / Assets13.56%15.78%14.54%18.31%17.54%19.38%21.18%24.96%+665 bps
CRE / Total Capitaln/an/an/an/a74.97%77.15%79.48%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Morganton Savings Bank, S.S.B.

Morganton, NC · Cert 30434 · Peer group: banks under $1B in assets (n=581-629)

SI · FDIC · 1 branch

Q2 2026

$114.4MAssets
$68.2MLoans
$77.7MDeposits
$28.3MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets (rank 158 of 581).
  • Widest gap: return on equity trails 90% of banks under $1B in assets (rank 568 of 629).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.29%

Rank 550 of 629

Net Interest Margin

3.22%

Rank 422 of 629

Efficiency Ratio

91.32%

Rank 558 of 629

Equity / Assets

24.70%

Rank 67 of 629

Non-interest income vs. expense

$0.1M$3.4MINCOMEEXPENSE
Unfavorable gap of $3.3M · efficiency ratio beats 11% of banks under $1B in assets
Bank 91.32%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.29%0.60%1.01%1.45%Beats 13%550 / 629
Return on Equity1.17%5.38%9.30%13.28%Beats 10%568 / 629
Net Interest Margin3.22%3.03%3.54%4.05%Beats 33%422 / 629
Efficiency Ratio91.32%58.35%67.79%79.08%Beats 11%558 / 629
Asset Quality
Nonperforming Loans / Loans0.21%0.09%0.46%1.20%Beats 65%206 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%158 / 581
Capital
Tier 1 Capital Ratio25.43%11.24%13.84%18.77%Beats 84%103 / 629
Total Risk-Based Capital Ratio25.43%11.58%14.43%19.66%Beats 83%106 / 629
Equity / Assets24.70%9.09%10.65%13.80%Beats 89%67 / 629
Liquidity & Funding
Loans / Deposits87.77%67.24%80.90%93.48%64th pctl214 / 594
Loans / Assets59.57%53.31%67.71%78.15%33rd pctl421 / 629
Brokered Deposits / Depositsn/aNot reported for this institution