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U.S. Bank Trust Company, National Association

Portland, OR · Cert 34588

FDIC

Q2 2026

$3.2BAssets
$0KLoans
$0KDeposits
$2.9BEquity

NIM

3.46%Q2 ’243.06%Q2 ’252.78%Q2 ’26-15%-12%

Non-interest income vs. expense

17.99%Q2 ’2414.86%Q2 ’2513.30%Q2 ’26+39%-155%

Executive Summary

  • Earnings: ROA of 34.23%, up 1,858 bps year over year; NIM at 3.28%.
  • Capital: tier 1 leverage ratio of 98.64%, up 640 bps from a year ago.

Financial Results

Return on Assets (quarter, annualized)

34.23%+1,858 bps YoY

Net Interest Margin (quarter, annualized)

3.28%-45 bps YoY

Efficiency Ratio (quarter, annualized)

22.23%-2,005 bps YoY

Tier 1 Leverage Ratio

98.64%+640 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets15.66%16.24%11.84%17.74%34.23%+1,858 bps
Return on Equity17.13%17.70%12.92%19.29%37.22%+2,009 bps
Net Interest Margin3.73%3.78%3.53%3.26%3.28%-45 bps
Efficiency Ratio42.28%40.04%46.97%38.27%22.23%-2,005 bps
Non-Interest Burden-17.02%-17.60%-12.09%-18.41%-43.45%-2,643 bps
Growth
Asset Growth (YoY)19.41%17.67%15.64%16.58%24.49%+508 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio92.24%92.10%90.66%93.19%98.64%+640 bps
Total Risk-Based Capital398%398%393%405%410%+1,158 bps
Equity / Assets91.73%91.74%91.48%92.35%91.63%-10 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/a
Liquid Assets / Assets67.06%69.53%71.50%71.74%67.71%+65 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/an/a