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Thrivent Trust Co.

Appleton, WI · Cert 34799

State savings bank · OCC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in WI3

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 under $1B in assets in WI (n=112 to 113). 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

98

Q2 2024Q2 2026peer median (50)

Asset Quality

No peer data yet

Profitability

57

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

10

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

Thrivent Trust Co.

Appleton, WI · Cert 34799

State savings bank · OCC · 2 branches

Q2 2026

$15.5MAssets
$0KLoans
$2.0MDeposits
$12.6MEquity
Deposit mix
100%Interest-bearing $2.0M0%Noninterest $0.0MQ2 2025Q2 2026

NIM

2.01%Q2 ’242.92%Q2 ’253.49%Q2 ’26+53%+22%

Non-interest income vs. expense

63.27%Q2 ’2461.64%Q2 ’2557.88%Q2 ’26+29%-61%

Market Position · Appleton, WI · 2026 SOD (annual) · 0.0% share · #23 of 23 inst. · $0.0B of $5.1B

0.0% Outagamie
0.0% Hennepin

Executive Summary

  • Earnings: ROA of 8.06%, up 267 bps year over year; NIM at 3.31%.
  • Capital: tier 1 leverage ratio of 82.67%, down 257 bps from a year ago.
  • Funding: loans stand at 0.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

8.06%+267 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+60 bps YoY

Efficiency Ratio (YTD, annualized)

83.68%-528 bps YoY

Tier 1 Leverage Ratio

82.67%-257 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets5.39%5.57%6.08%6.51%8.06%+267 bps
Return on Equity6.72%6.94%7.71%8.48%10.30%+359 bps
Net Interest Margin2.71%2.95%2.97%3.35%3.31%+60 bps
Efficiency Ratio88.96%88.42%87.71%86.65%83.68%-528 bps
Non-Interest Burden-4.95%-4.88%-5.00%-5.58%-7.98%-303 bps
Growth
Asset Growth (YoY)-6.14%1.36%12.47%4.56%4.87%+1,100 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0 bps
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 Ratio85.24%85.17%78.98%78.03%82.67%-257 bps
Total Risk-Based Capital85.24%85.17%78.98%78.03%82.67%-257 bps
Equity / Assets81.10%80.45%73.42%80.25%81.24%+13 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets0.76%0.81%0.68%0.73%0.71%-5 bps
CRE / Total Capitaln/a0.00%0.00%0.00%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

Thrivent Trust Co.

Appleton, WI · Cert 34799 · Peer group: banks under $1B in assets in WI (n=112-113)

State savings bank · OCC · 2 branches

Q2 2026

$15.5MAssets
$0KLoans
$2.0MDeposits
$12.6MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 98% of banks under $1B in assets in WI (rank 2 of 113).
  • Widest gap: efficiency ratio trails 90% of banks under $1B in assets in WI (rank 103 of 113).
  • Overall: at or above the peer median on 4 of 7 directional measures.

Return on Assets

8.17%

Rank 3 of 113

Net Interest Margin

3.31%

Rank 75 of 113

Efficiency Ratio

83.68%

Rank 103 of 113

Equity / Assets

81.24%

Rank 2 of 113

Non-interest income vs. expense

$10.1M$8.9MINCOMEEXPENSE
Favorable gap of $1.2M · efficiency ratio beats 10% of banks under $1B in assets in WI
Bank 83.68%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets8.17%0.85%1.17%1.51%Beats 97%3 / 113
Return on Equity10.06%7.70%10.77%13.67%Beats 41%67 / 113
Net Interest Margin3.31%3.19%3.59%3.89%Beats 34%75 / 113
Efficiency Ratio83.68%54.61%62.43%71.88%Beats 10%103 / 113
Asset Quality
Nonperforming Loans / Loansn/aNot reported for this institution
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio82.67%11.22%12.95%15.76%Beats 98%2 / 113
Total Risk-Based Capital Ratio82.67%11.57%13.59%16.73%Beats 98%2 / 113
Equity / Assets81.24%9.17%10.74%13.13%Beats 98%2 / 113
Liquidity & Funding
Loans / Deposits0.00%76.54%86.37%98.93%0th pctl111 / 112
Loans / Assets0.00%63.07%71.33%78.84%0th pctl111 / 113
Brokered Deposits / Depositsn/aNot reported for this institution