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Union Savings Bank

Cincinnati, OH · Cert 32296

SL · FDIC · 39 branches

Q2 2026

$4.0BAssets
$3.6BLoans
$3.5BDeposits
$408.8MEquity
Loan mix
99%RE $3.5B1%C&I $0.0B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $3.3B8%Noninterest $0.3BQ2 2025Q2 2026

NIM

5.43%Q2 ’245.53%Q2 ’255.64%Q2 ’26+37%+12%

Non-interest income vs. expense

1.81%Q2 ’242.02%Q2 ’252.02%Q2 ’26+5%-8%

Market Position · Cincinnati, OH-KY-IN · 2026 SOD (annual) · 0.9% share · #8 of 54 inst. · $1.6B of $187.5B

0.8% Hamilton
0.5% Franklin
3.7% Montgomery
3.1% Butler

Executive Summary

  • Earnings: ROA of 1.41%, up 26 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.70% of loans (+31 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.51%, up 11 bps from a year ago.
  • Funding: loans stand at 100.54% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.41%+26 bps YoY

Net Interest Margin (quarter, annualized)

2.84%+31 bps YoY

Efficiency Ratio (quarter, annualized)

51.79%-588 bps YoY

Tier 1 Leverage Ratio

10.51%+11 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.15%1.98%1.21%1.76%1.41%+26 bps
Return on Equity11.32%19.68%11.94%17.36%13.84%+252 bps
Net Interest Margin2.53%2.60%2.74%2.82%2.84%+31 bps
Efficiency Ratio57.67%39.12%60.68%45.28%51.79%-588 bps
Non-Interest Burden1.05%0.03%1.18%0.50%0.96%-8 bps
Growth
Asset Growth (YoY)2.24%3.19%3.60%2.56%-0.15%-239 bps
Loan Growth (YoY)2.70%3.83%3.63%2.16%-0.81%-351 bps
Deposit Growth (YoY)6.55%3.89%2.12%1.64%4.82%-173 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.52%0.51%0.64%0.70%+31 bps
Net Charge-Offs / Loans0.02%0.00%0.00%-0.01%0.00%-2 bps
Allowance / Loans0.80%0.79%0.80%0.81%0.81%+2 bps
Allowance Coverage of NPLs2.0x1.5x1.6x1.3x1.2x-0.9x
Capital
Tier 1 Leverage Ratio10.40%10.38%10.30%10.44%10.51%+11 bps
Total Risk-Based Capital10.40%10.38%10.30%10.44%10.51%+11 bps
Equity / Assets10.05%10.09%10.13%10.14%10.17%+12 bps
Liquidity & Funding
Loans / Deposits106.25%106.09%102.34%101.59%100.54%-570 bps
Liquid Assets / Assets4.66%4.76%5.23%5.34%5.31%+65 bps
CRE / Total Capitaln/a126.24%125.42%127.48%n/an/a