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Freedom Bank

Huntingburg, IN · Cert 35221 · Freedom Bcorp

State charter, non-member · FDIC · 4 branches

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

57

Q2 2024Q2 2026peer median (50)

Asset Quality

61

Q2 2024Q2 2026peer median (50)

Profitability

71

Q2 2024Q2 2026peer median (50)

Liquidity

17

Q2 2024Q2 2026peer median

Efficiency

95

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

Freedom Bank

Huntingburg, IN · Cert 35221 · Freedom Bcorp

State charter, non-member · FDIC · 4 branches

Q2 2026

$585.7MAssets
$502.6MLoans
$505.7MDeposits
$69.0MEquity
Loan mix
93%RE $434.2M4%C&I $18.3M4%Consumer $16.4MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $394.6M22%Noninterest $111.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.77%, up 11 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.23% of loans (+2 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.62%, up 26 bps from a year ago.
  • Funding: loans stand at 99.38% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.77%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+53 bps YoY

Efficiency Ratio (YTD, annualized)

42.91%-463 bps YoY

Tier 1 Leverage Ratio

12.62%+26 bps YoY

NIM

4.72%Q2 ’244.98%Q2 ’255.23%Q2 ’26+19%+18%

Non-interest income vs. expense

1.55%Q2 ’241.61%Q2 ’251.66%Q2 ’26+3%+10%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.05%1.23%1.63%1.67%1.63%1.61%1.76%1.77%+11 bps
Return on Equity10.33%11.93%14.91%15.02%14.53%14.23%15.16%15.19%+17 bps
Net Interest Margin2.47%2.57%2.84%2.90%2.96%3.00%3.41%3.44%+53 bps
Efficiency Ratio52.79%51.03%48.26%47.54%46.78%46.49%43.89%42.91%-463 bps
Non-Interest Burden1.09%1.09%1.13%1.12%1.13%1.14%1.26%1.23%+11 bps
Growth
Asset Growth (YoY)-3.39%-3.04%-2.39%-1.64%2.42%1.63%2.57%3.92%+556 bps
Loan Growth (YoY)2.41%3.69%3.92%3.52%2.64%2.31%3.08%2.36%-116 bps
Deposit Growth (YoY)3.09%3.76%3.15%0.73%2.52%1.21%2.28%3.98%+325 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.16%0.18%0.21%0.19%0.18%0.18%0.23%+2 bps
Net Charge-Offs / Loans0.00%-0.17%0.00%0.00%0.01%0.01%0.00%0.01%0 bps
Allowance / Loans1.69%1.69%1.60%1.50%1.49%1.48%1.45%1.46%-4 bps
Allowance Coverage of NPLs25.1x10.3x9.2x7.2x8.0x8.1x8.3x6.3x-0.9x
Capital
Tier 1 Leverage Ratio11.68%12.01%12.18%12.36%12.40%12.37%12.67%12.62%+26 bps
Total Risk-Based Capital14.44%14.78%14.90%14.93%15.03%15.03%15.03%15.39%+46 bps
Equity / Assets10.91%10.85%11.06%11.40%11.49%11.58%11.68%11.78%+37 bps
Liquidity & Funding
Loans / Deposits99.15%100.63%98.79%100.95%99.27%101.72%99.56%99.38%-157 bps
Liquid Assets / Assets1.34%1.54%2.05%0.74%1.96%1.15%3.36%4.29%+356 bps
CRE / Total Capitaln/an/an/an/a187.27%187.91%193.79%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

Freedom Bank

Huntingburg, IN · Cert 35221 · Peer group: banks under $1B in assets (n=581-629) · Freedom Bcorp

State charter, non-member · FDIC · 4 branches

Q2 2026

$585.7MAssets
$502.6MLoans
$505.7MDeposits
$69.0MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 95% of banks under $1B in assets (rank 34 of 629).
  • Widest gap: net interest margin trails 55% of banks under $1B in assets (rank 344 of 629).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.76%

Rank 101 of 629

Net Interest Margin

3.44%

Rank 344 of 629

Efficiency Ratio

42.91%

Rank 34 of 629

Equity / Assets

11.78%

Rank 243 of 629

Non-interest income vs. expense

$2.5M$9.7MINCOMEEXPENSE
Unfavorable gap of $7.3M · efficiency ratio beats 95% of banks under $1B in assets
Bank 42.91%Peer median 67.8%Q4 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.76%0.60%1.01%1.45%Beats 84%101 / 629
Return on Equity14.98%5.38%9.30%13.28%Beats 83%104 / 629
Net Interest Margin3.44%3.03%3.54%4.05%Beats 45%344 / 629
Efficiency Ratio42.91%58.35%67.79%79.08%Beats 95%34 / 629
Asset Quality
Nonperforming Loans / Loans0.23%0.09%0.46%1.20%Beats 62%220 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 59%238 / 581
Capital
Tier 1 Capital Ratio14.14%11.24%13.84%18.77%Beats 52%299 / 629
Total Risk-Based Capital Ratio15.39%11.58%14.43%19.66%Beats 57%273 / 629
Equity / Assets11.78%9.09%10.65%13.80%Beats 61%243 / 629
Liquidity & Funding
Loans / Deposits99.38%67.24%80.90%93.48%85th pctl89 / 594
Loans / Assets85.80%53.31%67.71%78.15%94th pctl36 / 629
Brokered Deposits / Depositsn/aNot reported for this institution