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John Deere Financial, F.S.B.

Middleton, WI · Cert 35237 · Deere&Company

State savings bank · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets (n=322 to 328). 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

91

Q2 2024Q2 2026peer median (50)

Asset Quality

37

Q2 2024Q2 2026peer median (50)

Profitability

90

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

98

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

John Deere Financial, F.S.B.

Middleton, WI · Cert 35237 · Deere&Company

State savings bank · OCC · 1 branch

Q2 2026

$4.9BAssets
$4.9BLoans
$1.6BDeposits
$886.4MEquity
Loan mix
0%RE $0.0M25%C&I $171.5M75%Consumer $509.0MQ3 2024Q2 2026
Deposit mix
99%Interest-bearing $1.6B1%Noninterest $0.0BQ3 2024Q2 2026

Market Position · Madison, WI · 2026 SOD (annual) · 5.2% share · #6 of 41 inst. · $1.6B of $30.1B

Executive Summary

  • Earnings: ROA of 3.11%, up 139 bps year over year; NIM at 5.48%.
  • Asset quality: problem loans at 0.27% of loans (-2 bps YoY), with net charge-offs at 1.97%.
  • Capital: tier 1 leverage ratio of 19.36%, up 71 bps from a year ago.
  • Funding: loans stand at 314.52% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

3.11%+139 bps YoY

Net Interest Margin (YTD, annualized)

5.48%-36 bps YoY

Efficiency Ratio (YTD, annualized)

24.77%-86 bps YoY

Tier 1 Leverage Ratio

19.36%+71 bps YoY

NIM

10.09%Q2 ’249.30%Q2 ’258.63%Q2 ’26-12%-6%

Non-interest income vs. expense

2.49%Q2 ’241.95%Q2 ’251.77%Q2 ’26-66%-33%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets3.97%4.27%4.72%1.72%3.27%3.87%5.09%3.11%+139 bps
Return on Equity20.97%21.51%21.10%8.46%17.10%19.34%22.56%15.03%+657 bps
Net Interest Margin6.09%6.64%7.00%5.84%5.46%6.20%6.43%5.48%-36 bps
Efficiency Ratio27.82%26.40%27.13%25.63%23.90%23.33%26.61%24.77%-86 bps
Non-Interest Burden0.43%0.40%0.48%0.17%0.06%0.10%0.30%0.12%-6 bps
Growth
Asset Growth (YoY)-0.69%1.18%10.59%4.45%4.24%-1.16%8.36%8.66%+422 bps
Loan Growth (YoY)-0.81%0.95%10.49%4.46%4.30%-1.25%7.98%8.48%+402 bps
Deposit Growth (YoY)1.58%0.24%3.48%-1.58%-0.21%-5.18%2.45%2.42%+400 bps
Asset Quality
Nonperforming Loans / Loans0.30%0.43%1.33%0.29%0.29%0.37%0.92%0.27%-2 bps
Net Charge-Offs / Loans1.79%1.89%1.06%3.43%1.91%1.95%0.29%1.97%-146 bps
Allowance / Loans0.17%0.22%0.15%0.27%0.17%0.24%0.14%0.14%-12 bps
Allowance Coverage of NPLs0.5x0.5x0.1x0.9x0.6x0.7x0.2x0.5x-0.4x
Capital
Tier 1 Leverage Ratio17.35%19.59%23.37%18.65%16.26%19.04%24.63%19.36%+71 bps
Total Risk-Based Capital17.35%19.59%23.37%18.65%16.26%19.04%24.63%19.36%+71 bps
Equity / Assets17.02%24.07%20.85%17.20%16.08%24.19%21.17%17.96%+76 bps
Liquidity & Funding
Loans / Deposits280%254%283%297%293%265%298%315%+1,759 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/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

John Deere Financial, F.S.B.

Middleton, WI · Cert 35237 · Peer group: banks $1B-$10B in assets (n=322-328) · Deere&Company

State savings bank · OCC · 1 branch

Q2 2026

$4.9BAssets
$4.9BLoans
$1.6BDeposits
$886.4MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 98% of banks $1B-$10B in assets (rank 6 of 328).
  • Widest gap: net charge-offs / loans trails 97% of banks $1B-$10B in assets (rank 313 of 322).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

2.62%

Rank 11 of 328

Net Interest Margin

5.48%

Rank 13 of 328

Efficiency Ratio

24.77%

Rank 6 of 328

Equity / Assets

17.96%

Rank 10 of 328

Non-interest income vs. expense

$75.6M$80.9MINCOMEEXPENSE
Unfavorable gap of $5.3M · efficiency ratio beats 98% of banks $1B-$10B in assets
Bank 24.77%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.62%0.91%1.22%1.52%Beats 97%11 / 328
Return on Equity14.57%8.43%11.45%14.43%Beats 77%76 / 328
Net Interest Margin5.48%3.03%3.45%3.83%Beats 96%13 / 328
Efficiency Ratio24.77%51.61%59.56%67.53%Beats 98%6 / 328
Asset Quality
Nonperforming Loans / Loans0.27%0.24%0.51%1.03%Beats 71%93 / 322
Net Charge-Offs / Loans1.49%0.01%0.03%0.10%Beats 3%313 / 322
Capital
Tier 1 Capital Ratio19.36%11.75%13.15%15.47%Beats 89%36 / 328
Total Risk-Based Capital Ratio19.36%12.63%14.15%16.46%Beats 88%41 / 328
Equity / Assets17.96%9.15%10.33%12.01%Beats 97%10 / 328
Liquidity & Funding
Loans / Deposits315%76.63%87.92%95.36%100th pctl1 / 323
Loans / Assets99.54%65.18%74.15%79.98%100th pctl1 / 328
Brokered Deposits / Depositsn/aNot reported for this institution