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Community Spirit Bank

Red Bay, AL · Cert 50 · Independent Bancshares Employee STK Ownership Plan

State charter, non-member · FDIC · 5 branches

Q2 2026

$228.8MAssets
$151.0MLoans
$205.7MDeposits
$18.5MEquity
Loan mix
73%RE $101.6M19%C&I $26.2M9%Consumer $12.1MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $156.4M24%Noninterest $49.3MQ2 2025Q2 2026

NIM

5.42%Q2 ’245.70%Q2 ’255.80%Q2 ’26+12%+5%

Non-interest income vs. expense

3.18%Q2 ’243.54%Q2 ’253.35%Q2 ’26-10%+22%

Executive Summary

  • Earnings: ROA of 1.16%, down 36 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.00% of loans (-2 bps YoY), with net charge-offs at 0.34%.
  • Capital: tier 1 leverage ratio of 9.73%, up 17 bps from a year ago.
  • Funding: loans stand at 73.43% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.16%-36 bps YoY

Net Interest Margin (YTD, annualized)

4.30%+19 bps YoY

Efficiency Ratio (YTD, annualized)

66.72%+237 bps YoY

Tier 1 Leverage Ratio

9.73%+17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.52%1.43%1.37%1.07%1.16%-36 bps
Return on Equity21.21%19.42%18.31%13.31%14.33%-688 bps
Net Interest Margin4.11%4.17%4.20%4.32%4.30%+19 bps
Efficiency Ratio64.36%65.82%66.75%67.27%66.72%+237 bps
Non-Interest Burden2.15%2.33%2.44%2.67%2.63%+48 bps
Growth
Asset Growth (YoY)3.57%3.62%5.17%6.22%7.64%+407 bps
Loan Growth (YoY)7.46%8.30%10.08%8.39%7.21%-25 bps
Deposit Growth (YoY)2.90%3.13%3.11%4.81%6.25%+336 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.00%0.03%0.04%0.00%-2 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.54%0.34%+31 bps
Allowance / Loans1.30%1.31%1.31%1.27%1.29%-1 bps
Allowance Coverage of NPLs59.1x267.6x44.7x31.6xn/an/a
Capital
Tier 1 Leverage Ratio9.56%9.69%9.77%9.85%9.73%+17 bps
Total Risk-Based Capital9.56%9.69%9.77%9.85%9.73%+17 bps
Equity / Assets7.35%7.92%8.12%7.99%8.09%+74 bps
Liquidity & Funding
Loans / Deposits72.78%73.38%73.90%73.40%73.43%+65 bps
Liquid Assets / Assets5.66%5.54%5.78%7.62%7.60%+195 bps
CRE / Total Capitaln/a187.11%180.93%184.58%n/an/a