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North State Bank

Raleigh, NC · Cert 35519 · North State Bcorp

State charter, Fed member · FED · 7 branches

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

17

Q2 2024Q2 2026peer median (50)

Asset Quality

74

Q2 2024Q2 2026peer median (50)

Profitability

32

Q2 2024Q2 2026peer median (50)

Liquidity

49

Q2 2024Q2 2026peer median

Efficiency

5

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

North State Bank

Raleigh, NC · Cert 35519 · North State Bcorp

State charter, Fed member · FED · 7 branches

Q2 2026

$1.5BAssets
$1.2BLoans
$1.2BDeposits
$122.9MEquity
Loan mix
89%RE $1.0B11%C&I $0.1B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $826.2M33%Noninterest $400.5MQ2 2025Q2 2026

NIM

4.96%Q2 ’245.11%Q2 ’255.04%Q2 ’26+12%+2%

Non-interest income vs. expense

3.10%Q2 ’243.40%Q2 ’253.57%Q2 ’26+14%+5%

Market Position · Raleigh-Cary, NC · 2026 SOD (annual) · 1.0% share · #10 of 37 inst. · $1.1B of $110.3B

1.1% Wake
0.4% New Hanover

Executive Summary

  • Earnings: ROA of 0.62%, up 3 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.17% of loans (-7 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 8.50%, up 13 bps from a year ago.
  • Funding: loans stand at 94.83% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.62%+3 bps YoY

Net Interest Margin (YTD, annualized)

3.71%+8 bps YoY

Efficiency Ratio (YTD, annualized)

82.03%+172 bps YoY

Tier 1 Leverage Ratio

8.50%+13 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.59%0.65%0.76%0.61%0.62%+3 bps
Return on Equity7.11%7.73%8.92%7.06%7.29%+18 bps
Net Interest Margin3.62%3.80%3.75%3.65%3.71%+8 bps
Efficiency Ratio80.31%80.92%78.49%82.47%82.03%+172 bps
Non-Interest Burden2.79%2.94%2.78%2.88%2.92%+14 bps
Growth
Asset Growth (YoY)-2.46%-4.51%-1.82%1.58%5.84%+830 bps
Loan Growth (YoY)-0.83%-1.01%-0.59%0.62%-0.69%+13 bps
Deposit Growth (YoY)-3.54%-5.86%-2.86%1.54%6.68%+1,022 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.14%0.12%0.13%0.17%-7 bps
Net Charge-Offs / Loans0.02%0.02%0.03%-0.08%-0.03%-5 bps
Allowance / Loans0.71%0.68%0.64%0.66%0.66%-4 bps
Allowance Coverage of NPLs2.9x4.8x5.6x5.1x3.9x+1.0x
Capital
Tier 1 Leverage Ratio8.37%8.72%8.77%8.51%8.50%+13 bps
Total Risk-Based Capital11.65%11.98%11.99%11.87%12.07%+41 bps
Equity / Assets8.54%8.78%8.81%8.35%8.41%-13 bps
Liquidity & Funding
Loans / Deposits101.87%102.09%100.97%95.97%94.83%-704 bps
Liquid Assets / Assets8.30%8.97%9.38%12.95%13.93%+563 bps
CRE / Total Capitaln/a535%534%544%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

North State Bank

Raleigh, NC · Cert 35519 · Peer group: banks $1B-$10B in assets (n=322-328) · North State Bcorp

State charter, Fed member · FED · 7 branches

Q2 2026

$1.5BAssets
$1.2BLoans
$1.2BDeposits
$122.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 80% of banks $1B-$10B in assets (rank 66 of 322).
  • Widest gap: efficiency ratio trails 95% of banks $1B-$10B in assets (rank 314 of 328).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.61%

Rank 296 of 328

Net Interest Margin

3.71%

Rank 98 of 328

Efficiency Ratio

82.03%

Rank 314 of 328

Equity / Assets

8.41%

Rank 293 of 328

Non-interest income vs. expense

$9.4M$51.6MINCOMEEXPENSE
Unfavorable gap of $42.2M · efficiency ratio beats 5% of banks $1B-$10B in assets
Bank 82.03%Peer median 59.6%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.61%0.91%1.22%1.52%Beats 10%296 / 328
Return on Equity7.24%8.43%11.45%14.43%Beats 17%273 / 328
Net Interest Margin3.71%3.03%3.45%3.83%Beats 70%98 / 328
Efficiency Ratio82.03%51.61%59.56%67.53%Beats 5%314 / 328
Asset Quality
Nonperforming Loans / Loans0.17%0.24%0.51%1.03%Beats 80%66 / 322
Net Charge-Offs / Loans0.01%0.01%0.03%0.10%Beats 67%108 / 322
Capital
Tier 1 Capital Ratio11.34%11.75%13.15%15.47%Beats 20%264 / 328
Total Risk-Based Capital Ratio12.07%12.63%14.15%16.46%Beats 19%267 / 328
Equity / Assets8.41%9.15%10.33%12.01%Beats 11%293 / 328
Liquidity & Funding
Loans / Deposits94.83%76.63%87.92%95.36%73rd pctl87 / 323
Loans / Assets79.57%65.18%74.15%79.98%74th pctl86 / 328
Brokered Deposits / Depositsn/aNot reported for this institution