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Webbank

Salt Lake City, UT · Cert 34404

State charter, non-member · FDIC · 1 branch

Q2 2026

$2.9BAssets
$2.4BLoans
$2.3BDeposits
$478.6MEquity
Loan mix
0%RE $0.0B66%C&I $1.5B33%Consumer $0.7BQ2 2025Q2 2026
Deposit mix
94%Interest-bearing $2.1B6%Noninterest $0.1BQ2 2025Q2 2026

NIM

17.00%Q2 ’2418.64%Q2 ’2517.98%Q2 ’26+20%-2%

Non-interest income vs. expense

10.21%Q2 ’2412.87%Q2 ’2512.31%Q2 ’26+21%-11%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.2% share · #22 of 57 inst. · $2.3B of $1175.7B

Executive Summary

  • Earnings: ROA of 4.68%, up 35 bps year over year; NIM at 15.20%.
  • Asset quality: problem loans at 0.51% of loans (-77 bps YoY), with net charge-offs at 0.40%.
  • Capital: tier 1 leverage ratio of 17.39%, down 125 bps from a year ago.
  • Funding: loans stand at 107.47% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

4.68%+35 bps YoY

Net Interest Margin (YTD, annualized)

15.20%-33 bps YoY

Efficiency Ratio (YTD, annualized)

63.14%-324 bps YoY

Tier 1 Leverage Ratio

17.39%-125 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets4.33%4.52%4.46%4.54%4.68%+35 bps
Return on Equity23.51%24.79%25.57%27.71%28.37%+486 bps
Net Interest Margin15.53%14.25%13.98%14.68%15.20%-33 bps
Efficiency Ratio66.38%66.13%65.33%63.59%63.14%-324 bps
Non-Interest Burden8.99%8.22%7.89%7.86%8.03%-97 bps
Growth
Asset Growth (YoY)-2.32%9.94%39.21%24.55%31.43%+3,376 bps
Loan Growth (YoY)5.67%20.69%17.70%25.17%34.56%+2,889 bps
Deposit Growth (YoY)-5.55%7.43%44.23%24.47%33.70%+3,924 bps
Asset Quality
Nonperforming Loans / Loans1.28%0.72%0.40%0.57%0.51%-77 bps
Net Charge-Offs / Loans1.16%0.80%0.88%0.43%0.40%-76 bps
Allowance / Loans1.25%1.17%0.99%1.01%1.01%-24 bps
Allowance Coverage of NPLs1.0x1.6x2.5x1.8x2.0x+1.0x
Capital
Tier 1 Leverage Ratio18.64%17.18%17.11%16.95%17.39%-125 bps
Total Risk-Based Capital20.84%19.98%17.57%19.60%19.18%-167 bps
Equity / Assets18.59%17.71%15.06%17.92%16.73%-186 bps
Liquidity & Funding
Loans / Deposits106.78%109.58%89.86%108.58%107.47%+69 bps
Liquid Assets / Assets10.68%9.47%20.38%10.59%10.00%-69 bps
CRE / Total Capitaln/a1.13%1.20%1.14%n/an/a