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Lifestore Bank

West Jefferson, NC · Cert 31217 · Asheco MHC Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$491.3MAssets
$324.8MLoans
$429.7MDeposits
$55.9MEquity
Loan mix
96%RE $295.7M4%C&I $11.2M1%Consumer $2.4MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $343.0M20%Noninterest $86.7MQ2 2025Q2 2026

NIM

4.99%Q2 ’245.16%Q2 ’255.21%Q2 ’26+11%+7%

Non-interest income vs. expense

2.62%Q2 ’242.62%Q2 ’252.42%Q2 ’26-3%-3%

Executive Summary

  • Earnings: ROA of 1.14%, up 15 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 1.11% of loans (-3 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 11.92%, up 61 bps from a year ago.
  • Funding: loans stand at 75.59% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.14%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+23 bps YoY

Efficiency Ratio (YTD, annualized)

60.96%-657 bps YoY

Tier 1 Leverage Ratio

11.92%+61 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.99%1.14%1.13%1.07%1.14%+15 bps
Return on Equity9.65%11.00%10.83%9.95%10.42%+77 bps
Net Interest Margin3.27%3.34%3.26%3.41%3.50%+23 bps
Efficiency Ratio67.53%66.11%65.49%64.03%60.96%-657 bps
Non-Interest Burden2.04%2.04%1.97%2.05%1.98%-6 bps
Growth
Asset Growth (YoY)5.95%9.01%6.64%4.78%3.65%-231 bps
Loan Growth (YoY)9.17%6.41%6.75%4.77%8.88%-29 bps
Deposit Growth (YoY)6.37%9.50%6.11%3.83%2.26%-411 bps
Asset Quality
Nonperforming Loans / Loans1.15%0.77%1.26%1.20%1.11%-3 bps
Net Charge-Offs / Loans-0.06%-0.12%-0.08%-0.02%-0.02%+3 bps
Allowance / Loans1.48%1.43%1.43%1.39%1.39%-9 bps
Allowance Coverage of NPLs1.3x1.9x1.1x1.2x1.2x0.0x
Capital
Tier 1 Leverage Ratio11.30%11.46%11.35%11.46%11.92%+61 bps
Total Risk-Based Capital19.06%19.67%19.91%20.22%19.90%+85 bps
Equity / Assets10.38%10.64%10.75%10.75%11.37%+99 bps
Liquidity & Funding
Loans / Deposits70.99%69.85%69.83%69.80%75.59%+460 bps
Liquid Assets / Assets8.89%10.53%10.80%10.53%4.88%-401 bps
CRE / Total Capitaln/a178.42%175.30%173.20%n/an/a