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Seattle Bank

Seattle, WA · Cert 35139 · Seattle Bancshares Inc.

SI · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

6

Q2 2024Q2 2026peer median (50)

Profitability

58

Q2 2024Q2 2026peer median (50)

Liquidity

42

Q2 2024Q2 2026peer median

Efficiency

72

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

Seattle Bank

Seattle, WA · Cert 35139 · Seattle Bancshares Inc.

SI · FDIC · 1 branch

Q2 2026

$891.4MAssets
$736.5MLoans
$785.2MDeposits
$93.9MEquity
Loan mix
58%RE $387.2M11%C&I $71.4M31%Consumer $209.8MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $689.4M12%Noninterest $95.8MQ2 2025Q2 2026

NIM

8.33%Q2 ’247.42%Q2 ’257.35%Q2 ’26-22%-2%

Non-interest income vs. expense

3.33%Q2 ’242.94%Q2 ’253.18%Q2 ’26-1%-48%

Market Position · Seattle-Tacoma-Bellevue, WA · 2026 SOD (annual) · 0.5% share · #18 of 43 inst. · $0.8B of $143.1B

Executive Summary

  • Earnings: ROA of 0.98%, up 83 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 2.81% of loans (-79 bps YoY), with net charge-offs at 0.76%.
  • Capital: tier 1 leverage ratio of 10.29%, up 18 bps from a year ago.
  • Funding: loans stand at 93.79% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.98%+83 bps YoY

Net Interest Margin (YTD, annualized)

3.80%-7 bps YoY

Efficiency Ratio (YTD, annualized)

60.04%-2,111 bps YoY

Tier 1 Leverage Ratio

10.29%+18 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.15%0.25%0.26%1.37%0.98%+83 bps
Return on Equity1.57%2.63%2.80%15.37%10.46%+889 bps
Net Interest Margin3.87%3.71%3.75%3.11%3.80%-7 bps
Efficiency Ratio81.14%77.62%77.16%54.54%60.04%-2,111 bps
Non-Interest Burden3.19%2.93%2.95%0.64%1.67%-152 bps
Growth
Asset Growth (YoY)9.60%5.76%7.71%9.70%-11.76%-2,136 bps
Loan Growth (YoY)16.82%16.68%6.00%-12.61%-17.35%-3,417 bps
Deposit Growth (YoY)10.06%6.89%9.05%10.56%-12.33%-2,238 bps
Asset Quality
Nonperforming Loans / Loans3.60%3.91%4.70%2.99%2.81%-79 bps
Net Charge-Offs / Loans0.93%0.81%0.85%0.56%0.76%-17 bps
Allowance / Loans2.41%2.30%2.34%2.35%2.04%-38 bps
Allowance Coverage of NPLs0.7x0.6x0.5x0.8x0.7x+0.1x
Capital
Tier 1 Leverage Ratio10.10%9.27%9.30%9.15%10.29%+18 bps
Total Risk-Based Capital13.47%13.29%13.81%16.10%14.51%+104 bps
Equity / Assets9.14%9.14%8.87%8.94%10.54%+140 bps
Liquidity & Funding
Loans / Deposits99.49%97.82%90.17%73.62%93.79%-570 bps
Liquid Assets / Assets5.70%6.75%13.84%29.62%12.46%+676 bps
CRE / Total Capitaln/a225%209%215%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

Seattle Bank

Seattle, WA · Cert 35139 · Peer group: banks under $1B in assets (n=581-629) · Seattle Bancshares Inc.

SI · FDIC · 1 branch

Q2 2026

$891.4MAssets
$736.5MLoans
$785.2MDeposits
$93.9MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 72% of banks under $1B in assets (rank 178 of 629).
  • Widest gap: net charge-offs / loans trails 96% of banks under $1B in assets (rank 559 of 581).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.10%

Rank 282 of 629

Net Interest Margin

3.80%

Rank 233 of 629

Efficiency Ratio

60.04%

Rank 178 of 629

Equity / Assets

10.54%

Rank 329 of 629

Non-interest income vs. expense

$13.7M$28.7MINCOMEEXPENSE
Unfavorable gap of $15.1M · efficiency ratio beats 72% of banks under $1B in assets
Bank 60.04%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.10%0.60%1.01%1.45%Beats 55%282 / 629
Return on Equity10.39%5.38%9.30%13.28%Beats 56%279 / 629
Net Interest Margin3.80%3.03%3.54%4.05%Beats 63%233 / 629
Efficiency Ratio60.04%58.35%67.79%79.08%Beats 72%178 / 629
Asset Quality
Nonperforming Loans / Loans2.81%0.09%0.46%1.20%Beats 8%538 / 581
Net Charge-Offs / Loans0.44%n/a0.01%0.06%Beats 4%559 / 581
Capital
Tier 1 Capital Ratio13.25%11.24%13.84%18.77%Beats 46%340 / 629
Total Risk-Based Capital Ratio14.51%11.58%14.43%19.66%Beats 50%312 / 629
Equity / Assets10.54%9.09%10.65%13.80%Beats 48%329 / 629
Liquidity & Funding
Loans / Deposits93.79%67.24%80.90%93.48%76th pctl143 / 594
Loans / Assets82.61%53.31%67.71%78.15%87th pctl84 / 629
Brokered Deposits / Depositsn/aNot reported for this institution