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Happen Bank, National Association

Lehi, UT · Cert 32551 · Lendingclub Corp.

National charter · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B 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 over $10B in assets (n=142 to 144). 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

71

Q2 2024Q2 2026peer median (50)

Asset Quality

24

Q2 2024Q2 2026peer median (50)

Profitability

85

Q2 2024Q2 2026peer median (50)

Liquidity

8

Q2 2024Q2 2026peer median

Efficiency

6

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

Happen Bank, National Association

Lehi, UT · Cert 32551 · Lendingclub Corp.

National charter · OCC · 3 branches

Q2 2026

$12.5BAssets
$7.0BLoans
$10.9BDeposits
$1.4BEquity
Loan mix
10%RE $0.6B2%C&I $0.2B88%Consumer $5.9BQ2 2025Q2 2026
Deposit mix
95%Interest-bearing $10.3B5%Noninterest $0.5BQ2 2025Q2 2026

NIM

9.10%Q2 ’249.02%Q2 ’258.73%Q2 ’26+9%+0%

Non-interest income vs. expense

5.46%Q2 ’245.60%Q2 ’256.23%Q2 ’26-17%+39%

Market Position · Provo-Orem-Lehi, UT · 2026 SOD (annual) · 38.8% share · #1 of 16 inst. · $10.9B of $28.0B

39.0% Utah
0.0% Suffolk
0.0% San Francisco

Executive Summary

  • Earnings: ROA of 1.82%, up 88 bps year over year; NIM at 5.92%.
  • Asset quality: problem loans at 0.82% of loans (-16 bps YoY), with net charge-offs at 2.07%.
  • Capital: tier 1 leverage ratio of 10.98%, up 15 bps from a year ago.
  • Funding: loans stand at 64.89% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.82%+88 bps YoY

Net Interest Margin (YTD, annualized)

5.92%0 bps YoY

Efficiency Ratio (YTD, annualized)

74.08%+1,073 bps YoY

Tier 1 Leverage Ratio

10.98%+15 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.94%1.17%1.22%1.75%1.82%+88 bps
Return on Equity8.41%10.35%10.81%15.29%15.94%+753 bps
Net Interest Margin5.91%5.88%5.63%6.15%5.92%0 bps
Efficiency Ratio63.35%62.34%62.52%73.08%74.08%+1,073 bps
Non-Interest Burden2.66%2.44%2.32%3.78%3.70%+104 bps
Growth
Asset Growth (YoY)13.12%1.10%9.58%14.52%17.03%+390 bps
Loan Growth (YoY)12.59%-2.99%12.48%18.13%16.93%+433 bps
Deposit Growth (YoY)12.69%-0.15%9.12%14.02%17.24%+455 bps
Asset Quality
Nonperforming Loans / Loans0.98%0.95%0.96%0.90%0.82%-16 bps
Net Charge-Offs / Loans2.68%2.46%2.33%2.30%2.07%-61 bps
Allowance / Loans4.20%4.42%4.24%3.51%2.74%-146 bps
Allowance Coverage of NPLs4.3x4.7x4.4x3.9x3.3x-0.9x
Capital
Tier 1 Leverage Ratio10.83%10.85%10.68%10.89%10.98%+15 bps
Total Risk-Based Capital16.77%17.11%16.75%16.75%16.83%+6 bps
Equity / Assets11.30%11.44%11.38%11.50%11.45%+15 bps
Liquidity & Funding
Loans / Deposits65.07%63.59%65.41%65.88%64.89%-17 bps
Liquid Assets / Assets6.80%7.35%7.80%6.54%7.17%+37 bps
CRE / Total Capitaln/a39.69%39.91%39.45%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

Happen Bank, National Association

Lehi, UT · Cert 32551 · Peer group: banks over $10B in assets (n=142-144) · Lendingclub Corp.

National charter · OCC · 3 branches

Q2 2026

$12.5BAssets
$7.0BLoans
$10.9BDeposits
$1.4BEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 93% of banks over $10B in assets (rank 10 of 144).
  • Widest gap: net charge-offs / loans trails 95% of banks over $10B in assets (rank 136 of 142).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.74%

Rank 24 of 144

Net Interest Margin

5.92%

Rank 10 of 144

Efficiency Ratio

74.35%

Rank 136 of 144

Equity / Assets

11.45%

Rank 70 of 144

Non-interest income vs. expense

$307.1M$755.9MINCOMEEXPENSE
Unfavorable gap of $448.8M · efficiency ratio beats 6% of banks over $10B in assets
Bank 74.35%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.74%1.00%1.26%1.54%Beats 83%24 / 144
Return on Equity15.23%8.98%11.34%14.40%Beats 78%31 / 144
Net Interest Margin5.92%2.82%3.31%3.68%Beats 93%10 / 144
Efficiency Ratio74.35%49.42%56.02%62.41%Beats 6%136 / 144
Asset Quality
Nonperforming Loans / Loans0.82%0.48%0.73%1.07%Beats 43%82 / 142
Net Charge-Offs / Loans1.41%0.05%0.11%0.22%Beats 5%136 / 142
Capital
Tier 1 Capital Ratio15.57%12.07%12.98%14.92%Beats 81%27 / 144
Total Risk-Based Capital Ratio16.83%13.39%14.14%16.25%Beats 81%27 / 144
Equity / Assets11.45%9.69%11.39%12.96%Beats 51%70 / 144
Liquidity & Funding
Loans / Deposits64.89%75.72%84.92%91.56%12th pctl126 / 143
Loans / Assets56.45%59.83%69.07%74.80%18th pctl118 / 144
Brokered Deposits / Depositsn/aNot reported for this institution