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Armed Forces Bank, National Association

Fort Leavenworth, KS · Cert 4666 · Dickinson Financial Corp. II

National charter · OCC · 15 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

91

Q2 2024Q2 2026peer median (50)

Asset Quality

15

Q2 2024Q2 2026peer median (50)

Profitability

75

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

30

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

Armed Forces Bank, National Association

Fort Leavenworth, KS · Cert 4666 · Dickinson Financial Corp. II

National charter · OCC · 1 affiliate bank · 15 branches (95 in holding)

Q2 2026

$1.4BAssets
$734.8MLoans
$1.2BDeposits
$184.2MEquity
Loan mix
77%RE $586.1M20%C&I $152.8M3%Consumer $25.3MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $850.5M30%Noninterest $367.8MQ2 2025Q2 2026

NIM

4.52%Q2 ’244.63%Q2 ’254.72%Q2 ’26+6%+7%

Non-interest income vs. expense

4.52%Q2 ’244.81%Q2 ’254.72%Q2 ’26+31%-15%

Market Position · Kansas City, MO-KS · 2026 SOD (annual) · 0.4% share · #28 of 114 inst. · $0.4B of $99.1B

25.2% Leavenworth
0.9% Pierce
0.1% Clark
3.4% Hardin

Executive Summary

  • Earnings: ROA of 1.70%, up 37 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 1.21% of loans (+107 bps YoY), with net charge-offs at 0.42%.
  • Capital: tier 1 leverage ratio of 13.92%, down 46 bps from a year ago.
  • Funding: loans stand at 60.31% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.70%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+25 bps YoY

Efficiency Ratio (YTD, annualized)

65.56%-510 bps YoY

Tier 1 Leverage Ratio

13.92%-46 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.33%1.39%1.47%1.74%1.70%+37 bps
Return on Equity10.53%10.80%11.46%13.84%13.41%+288 bps
Net Interest Margin3.60%3.68%3.75%3.83%3.86%+25 bps
Efficiency Ratio70.66%68.97%67.68%64.97%65.56%-510 bps
Non-Interest Burden1.57%1.50%1.45%1.25%1.34%-23 bps
Growth
Asset Growth (YoY)4.63%4.59%2.30%1.47%-0.28%-491 bps
Loan Growth (YoY)-10.46%-2.36%-1.81%-0.55%-5.53%+493 bps
Deposit Growth (YoY)3.91%4.04%2.03%1.66%-0.29%-420 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.09%0.14%1.08%1.21%+107 bps
Net Charge-Offs / Loans0.42%0.43%0.45%0.16%0.42%-1 bps
Allowance / Loans1.47%1.46%1.51%1.60%1.62%+14 bps
Allowance Coverage of NPLs11.2x16.8x10.8x1.5x1.3x-9.8x
Capital
Tier 1 Leverage Ratio14.38%14.55%13.43%13.69%13.92%-46 bps
Total Risk-Based Capital25.56%24.64%23.68%24.29%25.86%+30 bps
Equity / Assets12.99%13.46%12.55%12.55%12.95%-5 bps
Liquidity & Funding
Loans / Deposits63.66%67.83%65.93%63.14%60.31%-335 bps
Liquid Assets / Assets9.47%5.33%10.54%7.60%7.41%-207 bps
CRE / Total Capitaln/a182.59%190.10%175.85%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

Armed Forces Bank, National Association

Fort Leavenworth, KS · Cert 4666 · Peer group: banks $1B-$10B in assets (n=322-328) · Dickinson Financial Corp. II

National charter · OCC · 1 affiliate bank · 15 branches (95 in holding)

Q2 2026

$1.4BAssets
$734.8MLoans
$1.2BDeposits
$184.2MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 95% of banks $1B-$10B in assets (rank 18 of 328).
  • Widest gap: net charge-offs / loans trails 92% of banks $1B-$10B in assets (rank 298 of 322).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.71%

Rank 58 of 328

Net Interest Margin

3.86%

Rank 80 of 328

Efficiency Ratio

65.56%

Rank 231 of 328

Equity / Assets

12.95%

Rank 54 of 328

Non-interest income vs. expense

$47.4M$66.2MINCOMEEXPENSE
Unfavorable gap of $18.8M · efficiency ratio beats 30% of banks $1B-$10B in assets
Bank 65.56%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.71%0.91%1.22%1.52%Beats 82%58 / 328
Return on Equity13.19%8.43%11.45%14.43%Beats 66%111 / 328
Net Interest Margin3.86%3.03%3.45%3.83%Beats 76%80 / 328
Efficiency Ratio65.56%51.61%59.56%67.53%Beats 30%231 / 328
Asset Quality
Nonperforming Loans / Loans1.21%0.24%0.51%1.03%Beats 22%251 / 322
Net Charge-Offs / Loans0.40%0.01%0.03%0.10%Beats 8%298 / 322
Capital
Tier 1 Capital Ratio24.61%11.75%13.15%15.47%Beats 95%18 / 328
Total Risk-Based Capital Ratio25.86%12.63%14.15%16.46%Beats 95%18 / 328
Equity / Assets12.95%9.15%10.33%12.01%Beats 84%54 / 328
Liquidity & Funding
Loans / Deposits60.31%76.63%87.92%95.36%7th pctl299 / 323
Loans / Assets51.63%65.18%74.15%79.98%9th pctl299 / 328
Brokered Deposits / Depositsn/aNot reported for this institution