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First Electronic Bank

Salt Lake City, UT · Cert 35533

State charter, non-member · 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 assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

99

Q2 2024Q2 2026peer median (50)

Asset Quality

56

Q2 2024Q2 2026peer median (50)

Profitability

98

Q2 2024Q2 2026peer median (50)

Liquidity

79

Q2 2024Q2 2026peer median

Efficiency

92

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

First Electronic Bank

Salt Lake City, UT · Cert 35533

State charter, non-member · FDIC · 1 branch

Q2 2026

$502.9MAssets
$204.5MLoans
$285.6MDeposits
$198.3MEquity
Loan mix
0%RE $0.0M2%C&I $3.8M98%Consumer $151.3MQ2 2025Q2 2026
Deposit mix
7%Interest-bearing $20.0M93%Noninterest $265.6MQ2 2025Q2 2026

NIM

21.54%Q2 ’2421.33%Q2 ’2518.78%Q2 ’26+0%-12%

Non-interest income vs. expense

8.17%Q2 ’246.06%Q2 ’2510.44%Q2 ’26+54%+113%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.0% share · #34 of 57 inst. · $0.3B of $1175.7B

Executive Summary

  • Earnings: ROA of 7.94%, down 696 bps year over year; NIM at 18.61%.
  • Asset quality: problem loans at 0.01% of loans (+1 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 46.82%, up 1,638 bps from a year ago.
  • Funding: loans stand at 71.58% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

7.94%-696 bps YoY

Net Interest Margin (YTD, annualized)

18.61%-249 bps YoY

Efficiency Ratio (YTD, annualized)

45.91%+2,082 bps YoY

Tier 1 Leverage Ratio

46.82%+1,638 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets14.91%12.95%12.66%6.68%7.94%-696 bps
Return on Equity49.05%41.52%38.66%15.82%19.26%-2,979 bps
Net Interest Margin21.10%20.17%19.69%14.36%18.61%-249 bps
Efficiency Ratio25.08%27.42%29.96%49.03%45.91%+2,082 bps
Non-Interest Burden2.96%3.23%3.54%5.22%6.31%+334 bps
Growth
Asset Growth (YoY)19.34%46.72%5.55%-12.32%-1.76%-2,110 bps
Loan Growth (YoY)-1.32%-3.69%-41.71%-43.72%26.49%+2,781 bps
Deposit Growth (YoY)7.58%46.75%-13.03%-36.19%-14.35%-2,193 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.01%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.08%+8 bps
Allowance / Loans0.00%0.00%0.00%0.34%0.62%+62 bps
Allowance Coverage of NPLsn/an/an/a266.0x52.5xn/a
Capital
Tier 1 Leverage Ratio30.43%34.48%36.87%42.50%46.82%+1,638 bps
Total Risk-Based Capital94.32%87.68%141.36%115.54%90.58%-374 bps
Equity / Assets31.75%33.40%39.12%45.71%39.44%+769 bps
Liquidity & Funding
Loans / Deposits48.47%55.88%44.55%74.78%71.58%+2,311 bps
Liquid Assets / Assets66.33%61.96%72.24%60.38%56.33%-1,000 bps
CRE / Total Capitaln/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

First Electronic Bank

Salt Lake City, UT · Cert 35533 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

State charter, non-member · FDIC · 1 branch

Q2 2026

$502.9MAssets
$204.5MLoans
$285.6MDeposits
$198.3MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 100% of banks under $1B in assets operating in a single state (rank 3 of 746).
  • Widest gap: net charge-offs / loans trails 72% of banks under $1B in assets operating in a single state (rank 536 of 743).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

7.45%

Rank 3 of 746

Net Interest Margin

18.61%

Rank 1 of 746

Efficiency Ratio

45.91%

Rank 61 of 746

Equity / Assets

39.44%

Rank 7 of 746

Non-interest income vs. expense

$17.5M$44.2MINCOMEEXPENSE
Unfavorable gap of $26.7M · efficiency ratio beats 92% of banks under $1B in assets operating in a single state
Bank 45.91%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets7.45%0.72%1.06%1.45%Beats 100%3 / 746
Return on Equity18.88%6.74%10.51%13.63%Beats 95%39 / 746
Net Interest Margin18.61%3.17%3.68%4.16%Beats 100%1 / 746
Efficiency Ratio45.91%55.74%64.58%75.47%Beats 92%61 / 746
Asset Quality
Nonperforming Loans / Loans0.01%0.09%0.42%1.07%Beats 83%130 / 743
Net Charge-Offs / Loans0.04%0.00%0.01%0.05%Beats 28%536 / 743
Capital
Tier 1 Capital Ratio90.01%11.55%13.75%17.60%Beats 99%7 / 746
Total Risk-Based Capital Ratio90.58%11.71%14.33%18.43%Beats 99%7 / 746
Equity / Assets39.44%8.90%10.51%13.06%Beats 99%7 / 746
Liquidity & Funding
Loans / Deposits71.58%61.31%78.27%90.78%37th pctl467 / 746
Loans / Assets40.66%53.60%66.97%76.08%10th pctl669 / 746
Brokered Deposits / Depositsn/aNot reported for this institution