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Mercer County State Bank

Sandy Lake, PA · Cert 445 · Mercer County State Bcorp Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$611.3MAssets
$406.1MLoans
$530.3MDeposits
$48.0MEquity
Loan mix
87%RE $340.7M12%C&I $47.1M1%Consumer $2.1MQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $374.9M29%Noninterest $155.5MQ2 2025Q2 2026

NIM

4.38%Q2 ’244.65%Q2 ’254.82%Q2 ’26+6%+10%

Non-interest income vs. expense

2.52%Q2 ’242.43%Q2 ’252.80%Q2 ’26-9%+25%

Market Position · Pittsburgh, PA · 2026 SOD (annual) · 0.0% share · #46 of 48 inst. · $0.0B of $209.3B

13.2% Mercer
6.9% Crawford
2.8% Venango
0.2% Butler

Executive Summary

  • Earnings: ROA of 1.12%, up 26 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 2.42% of loans (+53 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 10.27%, up 33 bps from a year ago.
  • Funding: loans stand at 76.57% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.12%+26 bps YoY

Net Interest Margin (quarter, annualized)

3.62%+34 bps YoY

Efficiency Ratio (quarter, annualized)

66.24%+484 bps YoY

Tier 1 Leverage Ratio

10.27%+33 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.86%0.90%1.29%1.07%1.12%+26 bps
Return on Equity12.36%12.41%16.66%13.52%14.29%+193 bps
Net Interest Margin3.28%3.33%3.65%3.49%3.62%+34 bps
Efficiency Ratio61.40%70.95%68.40%66.88%66.24%+484 bps
Non-Interest Burden1.74%2.18%2.28%2.12%2.18%+44 bps
Growth
Asset Growth (YoY)4.00%3.66%2.31%2.76%0.73%-326 bps
Loan Growth (YoY)1.56%1.36%0.17%2.23%3.24%+168 bps
Deposit Growth (YoY)6.92%6.18%5.07%5.64%0.28%-664 bps
Asset Quality
Nonperforming Loans / Loans1.90%1.50%1.99%2.24%2.42%+53 bps
Net Charge-Offs / Loans0.03%0.08%0.04%0.09%-0.02%-5 bps
Allowance / Loans1.22%1.24%1.15%1.14%1.15%-7 bps
Allowance Coverage of NPLs0.6x0.8x0.6x0.5x0.5x-0.2x
Capital
Tier 1 Leverage Ratio9.94%10.08%10.15%10.46%10.27%+33 bps
Total Risk-Based Capital9.94%10.08%10.15%10.46%10.27%+33 bps
Equity / Assets6.85%7.62%7.91%7.88%7.85%+100 bps
Liquidity & Funding
Loans / Deposits74.38%73.46%75.69%75.26%76.57%+219 bps
Liquid Assets / Assets2.59%3.40%0.85%1.43%1.72%-87 bps
CRE / Total Capitaln/a334%344%344%n/an/a