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Independent Bank

Memphis, TN · Cert 34728 · Independent Holdings Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

27

Q2 2024Q2 2026peer median (50)

Asset Quality

17

Q2 2024Q2 2026peer median (50)

Profitability

54

Q2 2024Q2 2026peer median (50)

Liquidity

82

Q2 2024Q2 2026peer median

Efficiency

48

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

Independent Bank

Memphis, TN · Cert 34728 · Independent Holdings Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$1.9BAssets
$1.3BLoans
$1.6BDeposits
$195.1MEquity
Loan mix
36%RE $403.0M11%C&I $128.7M53%Consumer $592.7MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $1.4B11%Noninterest $0.2BQ2 2025Q2 2026

NIM

6.76%Q2 ’246.19%Q2 ’256.20%Q2 ’26-10%+3%

Non-interest income vs. expense

3.51%Q2 ’243.21%Q2 ’253.21%Q2 ’26-17%-11%

Market Position · Memphis, TN-MS-AR · 2026 SOD (annual) · 3.5% share · #6 of 48 inst. · $1.6B of $46.3B

Executive Summary

  • Earnings: ROA of 1.26%, up 17 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.85% of loans (+49 bps YoY), with net charge-offs at 0.36%.
  • Capital: tier 1 leverage ratio of 10.60%, down 2 bps from a year ago.
  • Funding: loans stand at 82.36% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.26%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.75%+12 bps YoY

Efficiency Ratio (YTD, annualized)

60.73%-403 bps YoY

Tier 1 Leverage Ratio

10.60%-2 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.09%1.22%1.23%1.26%1.26%+17 bps
Return on Equity10.19%11.38%11.38%11.36%11.56%+137 bps
Net Interest Margin3.63%3.50%3.54%3.78%3.75%+12 bps
Efficiency Ratio64.75%60.82%60.92%61.73%60.73%-403 bps
Non-Interest Burden1.85%1.51%1.54%1.72%1.64%-21 bps
Growth
Asset Growth (YoY)14.26%12.05%7.22%7.21%3.28%-1,099 bps
Loan Growth (YoY)4.26%5.61%5.96%6.43%3.61%-65 bps
Deposit Growth (YoY)22.10%10.77%11.06%7.90%4.60%-1,750 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.27%0.25%0.28%0.85%+49 bps
Net Charge-Offs / Loans0.36%0.55%0.57%0.36%0.36%0 bps
Allowance / Loans1.13%1.08%1.06%1.07%1.10%-2 bps
Allowance Coverage of NPLs3.1x4.0x4.2x3.9x1.3x-1.9x
Capital
Tier 1 Leverage Ratio10.62%10.09%10.44%10.49%10.60%-2 bps
Total Risk-Based Capital10.65%11.06%11.27%11.48%11.05%+40 bps
Equity / Assets10.40%10.82%10.98%11.27%10.52%+13 bps
Liquidity & Funding
Loans / Deposits83.14%90.04%88.93%92.19%82.36%-78 bps
Liquid Assets / Assets2.93%3.21%3.66%3.41%5.98%+306 bps
CRE / Total Capitaln/a171.01%154.04%160.58%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

Independent Bank

Memphis, TN · Cert 34728 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Independent Holdings Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$1.9BAssets
$1.3BLoans
$1.6BDeposits
$195.1MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 68% of banks $1B-$10B in assets operating in a single state (rank 83 of 258).
  • Widest gap: net charge-offs / loans trails 93% of banks $1B-$10B in assets operating in a single state (rank 242 of 258).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

1.20%

Rank 136 of 258

Net Interest Margin

3.75%

Rank 83 of 258

Efficiency Ratio

60.73%

Rank 134 of 257

Equity / Assets

10.52%

Rank 116 of 258

Non-interest income vs. expense

$26.8M$55.1MINCOMEEXPENSE
Unfavorable gap of $28.2M · efficiency ratio beats 48% of banks $1B-$10B in assets operating in a single state
Bank 60.73%Peer median 60.3%Q4 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.20%0.93%1.23%1.54%Beats 47%136 / 258
Return on Equity11.40%9.26%11.84%14.74%Beats 46%139 / 258
Net Interest Margin3.75%3.16%3.49%3.88%Beats 68%83 / 258
Efficiency Ratio60.73%51.71%60.30%69.65%Beats 48%134 / 257
Asset Quality
Nonperforming Loans / Loans0.85%0.19%0.46%0.90%Beats 27%189 / 258
Net Charge-Offs / Loans0.30%0.01%0.02%0.07%Beats 7%242 / 258
Capital
Tier 1 Capital Ratio10.22%11.41%12.98%15.12%Beats 10%231 / 258
Total Risk-Based Capital Ratio11.05%12.10%13.91%16.08%Beats 16%216 / 258
Equity / Assets10.52%9.09%10.24%11.72%Beats 55%116 / 258
Liquidity & Funding
Loans / Deposits82.36%73.24%86.34%95.95%40th pctl156 / 258
Loans / Assets71.90%63.01%72.27%78.40%49th pctl132 / 258
Brokered Deposits / Depositsn/aNot reported for this institution