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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