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Cleo State Bank

Cleo Springs, OK · Cert 406 · Cleo Bancshares Inc.

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 assets in OK3

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 in OK (n=87 to 88). 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

78

Q2 2024Q2 2026peer median (50)

Asset Quality

28

Q2 2024Q2 2026peer median (50)

Profitability

65

Q2 2024Q2 2026peer median (50)

Liquidity

82

Q2 2024Q2 2026peer median

Efficiency

93

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

Cleo State Bank

Cleo Springs, OK · Cert 406 · Cleo Bancshares Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$122.5MAssets
$68.0MLoans
$103.9MDeposits
$18.5MEquity
Loan mix
24%RE $10.1M63%C&I $26.4M13%Consumer $5.5MQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $69.6M33%Noninterest $34.3MQ2 2025Q2 2026

NIM

5.35%Q2 ’245.43%Q2 ’255.71%Q2 ’26+6%+13%

Non-interest income vs. expense

2.10%Q2 ’242.12%Q2 ’252.07%Q2 ’26+1%-2%

Executive Summary

  • Earnings: ROA of 1.80%, up 42 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 2.12% of loans (+177 bps YoY), with net charge-offs at 0.33%.
  • Capital: tier 1 leverage ratio of 16.43%, down 28 bps from a year ago.
  • Funding: loans stand at 65.49% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.80%+42 bps YoY

Net Interest Margin (YTD, annualized)

4.22%+48 bps YoY

Efficiency Ratio (YTD, annualized)

45.99%-664 bps YoY

Tier 1 Leverage Ratio

16.43%-28 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.38%1.43%1.28%1.36%1.80%+42 bps
Return on Equity9.15%9.35%8.25%8.46%11.45%+231 bps
Net Interest Margin3.74%3.84%3.93%3.88%4.22%+48 bps
Efficiency Ratio52.63%52.19%57.53%53.82%45.99%-664 bps
Non-Interest Burden1.84%1.87%2.14%1.96%1.79%-4 bps
Growth
Asset Growth (YoY)0.40%-0.96%1.46%1.62%6.49%+609 bps
Loan Growth (YoY)6.95%4.98%16.89%21.81%14.28%+733 bps
Deposit Growth (YoY)-1.92%-2.60%-0.24%0.70%6.93%+884 bps
Asset Quality
Nonperforming Loans / Loans0.35%2.26%2.50%1.02%2.12%+177 bps
Net Charge-Offs / Loans0.33%0.51%0.41%-0.01%0.33%-1 bps
Allowance / Loans1.03%0.91%0.77%0.82%0.80%-23 bps
Allowance Coverage of NPLs3.0x0.4x0.3x0.8x0.4x-2.6x
Capital
Tier 1 Leverage Ratio16.71%16.86%16.90%16.75%16.43%-28 bps
Total Risk-Based Capital16.71%16.86%16.90%16.75%16.43%-28 bps
Equity / Assets15.43%16.06%16.09%15.97%15.11%-33 bps
Liquidity & Funding
Loans / Deposits61.28%60.60%72.11%74.62%65.49%+421 bps
Liquid Assets / Assets15.00%17.47%13.49%12.66%17.95%+296 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

Cleo State Bank

Cleo Springs, OK · Cert 406 · Peer group: banks under $1B in assets in OK (n=87-88) · Cleo Bancshares Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$122.5MAssets
$68.0MLoans
$103.9MDeposits
$18.5MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 93% of banks under $1B in assets in OK (rank 7 of 88).
  • Widest gap: net charge-offs / loans trails 74% of banks under $1B in assets in OK (rank 65 of 87).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.70%

Rank 17 of 88

Net Interest Margin

4.22%

Rank 29 of 88

Efficiency Ratio

45.99%

Rank 7 of 88

Equity / Assets

15.11%

Rank 14 of 88

Non-interest income vs. expense

$0.3M$2.5MINCOMEEXPENSE
Unfavorable gap of $2.2M · efficiency ratio beats 93% of banks under $1B in assets in OK
Bank 45.99%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.70%0.85%1.26%1.62%Beats 81%17 / 88
Return on Equity11.28%7.40%11.89%14.66%Beats 47%47 / 88
Net Interest Margin4.22%3.51%3.93%4.47%Beats 67%29 / 88
Efficiency Ratio45.99%54.70%61.50%71.28%Beats 93%7 / 88
Asset Quality
Nonperforming Loans / Loans2.12%0.30%0.82%2.25%Beats 29%63 / 87
Net Charge-Offs / Loans0.19%0.00%0.03%0.20%Beats 26%65 / 87
Capital
Tier 1 Capital Ratio16.43%10.89%13.04%16.40%Beats 76%21 / 88
Total Risk-Based Capital Ratio16.43%11.20%13.09%16.43%Beats 75%22 / 88
Equity / Assets15.11%9.26%10.95%13.63%Beats 84%14 / 88
Liquidity & Funding
Loans / Deposits65.49%60.39%72.27%84.01%33rd pctl58 / 87
Loans / Assets55.53%52.51%63.37%71.46%33rd pctl59 / 88
Brokered Deposits / Depositsn/aNot reported for this institution