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Elevate Bank, National Association

Sedan, KS · Cert 4770 · Elevation Bancshares Inc.

National charter · OCC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating regionally3

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 regionally (n=94). 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

53

Q2 2024Q2 2026peer median (50)

Asset Quality

31

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

94

Q2 2024Q2 2026peer median

Efficiency

9

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

Elevate Bank, National Association

Sedan, KS · Cert 4770 · Elevation Bancshares Inc.

National charter · OCC · 2 branches

Q2 2026

$61.0MAssets
$43.9MLoans
$53.0MDeposits
$7.7MEquity
Loan mix
89%RE $38.7M8%C&I $3.6M2%Consumer $1.0MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $33.3M37%Noninterest $19.7MQ2 2025Q2 2026

NIM

5.83%Q2 ’246.25%Q2 ’256.15%Q2 ’26+3%-10%

Non-interest income vs. expense

5.24%Q2 ’245.34%Q2 ’255.10%Q2 ’26-26%+29%

Market Position · Tulsa, OK · 2026 SOD (annual) · 0.0% share · #53 of 59 inst. · $0.0B of $39.3B

52.4% Chautauqua
2.7% Osage

Executive Summary

  • Earnings: ROA of 0.52%, down 120 bps year over year; NIM at 5.09%.
  • Asset quality: problem loans at 0.69% of loans (+66 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 11.17%, down 137 bps from a year ago.
  • Funding: loans stand at 82.82% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.52%-120 bps YoY

Net Interest Margin (YTD, annualized)

5.09%-58 bps YoY

Efficiency Ratio (YTD, annualized)

85.73%+1,771 bps YoY

Tier 1 Leverage Ratio

11.17%-137 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.72%1.57%1.30%0.32%0.52%-120 bps
Return on Equity12.59%11.44%9.56%2.58%4.15%-844 bps
Net Interest Margin5.67%5.63%5.45%5.14%5.09%-58 bps
Efficiency Ratio68.02%69.71%72.97%89.38%85.73%+1,771 bps
Non-Interest Burden3.40%3.54%3.74%4.67%4.39%+99 bps
Growth
Asset Growth (YoY)2.42%7.15%9.28%13.42%9.50%+708 bps
Loan Growth (YoY)20.06%24.99%47.20%44.30%30.87%+1,081 bps
Deposit Growth (YoY)1.08%6.91%6.60%16.26%11.24%+1,016 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.09%0.07%0.06%0.69%+66 bps
Net Charge-Offs / Loans0.01%0.00%0.02%0.00%0.12%+11 bps
Allowance / Loans1.24%1.17%1.02%1.01%1.00%-24 bps
Allowance Coverage of NPLs46.2x12.9x14.7x15.8x1.5x-44.8x
Capital
Tier 1 Leverage Ratio12.54%12.81%11.83%11.09%11.17%-137 bps
Total Risk-Based Capital12.54%12.81%11.83%11.09%11.17%-137 bps
Equity / Assets13.78%13.98%12.93%12.03%12.56%-122 bps
Liquidity & Funding
Loans / Deposits70.40%75.48%88.32%82.22%82.82%+1,242 bps
Liquid Assets / Assets8.07%5.73%4.99%4.36%3.69%-439 bps
CRE / Total Capitaln/a300%323%447%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

Elevate Bank, National Association

Sedan, KS · Cert 4770 · Peer group: banks under $1B in assets operating regionally (n=94) · Elevation Bancshares Inc.

National charter · OCC · 2 branches

Q2 2026

$61.0MAssets
$43.9MLoans
$53.0MDeposits
$7.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 97% of banks under $1B in assets operating regionally (rank 3 of 94).
  • Widest gap: efficiency ratio trails 91% of banks under $1B in assets operating regionally (rank 87 of 94).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.52%

Rank 79 of 94

Net Interest Margin

5.09%

Rank 3 of 94

Efficiency Ratio

88.83%

Rank 87 of 94

Equity / Assets

12.56%

Rank 11 of 94

Non-interest income vs. expense

$0.4M$3.2MINCOMEEXPENSE
Unfavorable gap of $2.8M · efficiency ratio beats 9% of banks under $1B in assets operating regionally
Bank 88.83%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.52%0.82%1.19%1.46%Beats 16%79 / 94
Return on Equity4.16%7.85%11.84%14.03%Beats 13%82 / 94
Net Interest Margin5.09%3.42%3.81%4.18%Beats 97%3 / 94
Efficiency Ratio88.83%55.99%62.41%73.02%Beats 9%87 / 94
Asset Quality
Nonperforming Loans / Loans0.69%0.19%0.47%1.14%Beats 40%57 / 94
Net Charge-Offs / Loans0.06%0.00%0.02%0.05%Beats 22%74 / 94
Capital
Tier 1 Capital Ratio11.17%10.28%11.95%15.07%Beats 37%59 / 94
Total Risk-Based Capital Ratio11.17%10.31%12.59%15.88%Beats 35%61 / 94
Equity / Assets12.56%8.98%10.21%11.41%Beats 88%11 / 94
Liquidity & Funding
Loans / Deposits82.82%72.62%84.44%94.55%46th pctl51 / 94
Loans / Assets71.99%62.50%72.84%78.99%49th pctl48 / 94
Brokered Deposits / Depositsn/aNot reported for this institution