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Centerbank

Milford, OH · Cert 35117

FDIC · 3 branches

Q1 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Cincinnati, OH-KY-IN area3

Basis

Quarter: Q1 2025, the quarter ended March 31, 2025, 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 the Cincinnati, OH-KY-IN area (n=18 to 19). 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

21

Q2 2024Q1 2025peer median (50)

Asset Quality

70

Q2 2024Q1 2025peer median (50)

Profitability

77

Q2 2024Q1 2025peer median (50)

Liquidity

44

Q2 2024Q1 2025peer median

Efficiency

89

Q2 2024Q1 2025peer 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

Centerbank

Milford, OH · Cert 35117

FDIC · 3 branches

Q1 2025

$341.3MAssets
$306.3MLoans
$280.4MDeposits
$36.8MEquity
Loan mix
74%RE $185.2M26%C&I $63.6M0%Consumer $0.4MQ1 2024Q1 2025
Deposit mix
84%Interest-bearing $236.3M16%Noninterest $44.0MQ1 2024Q1 2025

NIM

5.16%Q1 ’235.82%Q1 ’246.02%Q1 ’25-20%+26%

Non-interest income vs. expense

2.60%Q1 ’232.33%Q1 ’242.51%Q1 ’25-9%+13%

Market Position · Cincinnati, OH-KY-IN · 2024 SOD (annual) · 0.1% share · #24 of 57 inst. · $0.3B of $179.8B

3.4% Clermont
0.1% Hamilton

Executive Summary

  • Earnings: ROA of 0.93%, up 33 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 0.52% of loans (+20 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.58%, down 6 bps from a year ago.
  • Funding: loans stand at 109.24% of deposits as of Q1 2025.

Financial Results

Return on Assets (YTD, annualized)

0.93%+33 bps YoY

Net Interest Margin (YTD, annualized)

3.48%+71 bps YoY

Efficiency Ratio (YTD, annualized)

65.89%-786 bps YoY

Tier 1 Leverage Ratio

11.58%-6 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.60%0.64%0.76%0.91%0.93%+33 bps
Return on Equity5.59%6.09%7.27%8.67%8.72%+313 bps
Net Interest Margin2.76%2.80%2.81%2.99%3.48%+71 bps
Efficiency Ratio73.75%72.73%69.12%65.53%65.89%-786 bps
Non-Interest Burden1.93%1.93%1.82%1.82%2.18%+24 bps
Growth
Asset Growth (YoY)9.14%11.14%14.75%10.16%7.26%-187 bps
Loan Growth (YoY)14.78%13.60%11.85%12.41%8.53%-625 bps
Deposit Growth (YoY)18.59%13.79%11.97%10.86%11.46%-713 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.00%0.22%0.52%0.52%+20 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.23%1.22%1.21%1.20%1.23%0 bps
Allowance Coverage of NPLs3.9xn/a5.5x2.3x2.4x-1.5x
Capital
Tier 1 Leverage Ratio11.63%11.43%11.11%11.36%11.58%-6 bps
Total Risk-Based Capital11.63%11.43%11.11%11.36%11.58%-6 bps
Equity / Assets10.59%10.45%10.26%10.55%10.78%+19 bps
Liquidity & Funding
Loans / Deposits112.19%114.05%102.47%107.24%109.24%-295 bps
Liquid Assets / Assets0.22%0.28%0.34%0.26%0.09%-13 bps
CRE / Total Capitaln/an/an/an/an/an/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

Centerbank

Milford, OH · Cert 35117 · Peer group: banks under $1B in assets in the Cincinnati, OH-KY-IN area (n=18-19)

FDIC · 3 branches

Q1 2025

$341.3MAssets
$306.3MLoans
$280.4MDeposits
$36.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Cincinnati, OH-KY-IN area (rank 12 of 18).
  • Widest gap: total risk-based capital ratio trails 89% of banks under $1B in assets in the Cincinnati, OH-KY-IN area (rank 17 of 19).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.93%

Rank 4 of 19

Net Interest Margin

3.48%

Rank 3 of 19

Efficiency Ratio

65.89%

Rank 3 of 19

Equity / Assets

10.78%

Rank 12 of 19

Non-interest income vs. expense

$1.2M$8.6MINCOMEEXPENSE
Unfavorable gap of $7.4M · efficiency ratio beats 89% of banks under $1B in assets in the Cincinnati, OH-KY-IN area
Bank 65.89%Peer median 75.0%Q2 2024Q1 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.93%0.15%0.58%0.90%Beats 79%4 / 19
Return on Equity8.66%1.15%5.65%9.03%Beats 68%6 / 19
Net Interest Margin3.48%2.48%3.07%3.40%Beats 84%3 / 19
Efficiency Ratio65.89%67.71%75.01%94.80%Beats 89%3 / 19
Asset Quality
Nonperforming Loans / Loans0.52%0.00%0.34%0.59%Beats 39%12 / 18
Net Charge-Offs / Loans0.00%n/an/a0.00%Beats 100%12 / 18
Capital
Tier 1 Capital Ratio11.58%11.94%15.05%20.44%Beats 16%16 / 19
Total Risk-Based Capital Ratio11.58%13.19%15.89%20.44%Beats 11%17 / 19
Equity / Assets10.78%9.34%11.90%20.48%Beats 37%12 / 19
Liquidity & Funding
Loans / Deposits109.24%69.78%96.69%113.33%68th pctl6 / 19
Loans / Assets89.73%69.17%80.24%84.21%94th pctl1 / 18
Brokered Deposits / Depositsn/aNot reported for this institution