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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 $12.1MQ3 2024Q2 2026
Deposit mix
76%Interest-bearing $156.4M24%Noninterest $49.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.24%, up 7 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.00% of loans (-2 bps YoY), with net charge-offs at 0.14%.
  • 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.

Return on Assets (quarter, annualized)

1.24%+7 bps YoY

Net Interest Margin (quarter, annualized)

4.37%+11 bps YoY

Efficiency Ratio (quarter, annualized)

66.19%-428 bps YoY

Tier 1 Leverage Ratio

9.73%+17 bps YoY

NIM

5.51%Q2 ’245.83%Q2 ’255.88%Q2 ’26+15%+3%

Non-interest income vs. expense

3.17%Q2 ’243.63%Q2 ’253.37%Q2 ’26+13%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.58%1.20%1.87%1.17%1.25%1.21%1.07%1.24%+7 bps
Return on Equity22.00%16.60%26.52%16.06%16.40%15.07%13.31%15.40%-66 bps
Net Interest Margin3.98%3.92%4.02%4.25%4.38%4.46%4.32%4.37%+11 bps
Efficiency Ratio62.41%68.39%58.99%70.47%68.85%69.54%67.27%66.19%-428 bps
Non-Interest Burden1.88%2.43%1.58%2.73%2.75%2.85%2.67%2.64%-9 bps
Growth
Asset Growth (YoY)2.72%3.10%6.80%3.57%3.62%5.17%6.22%7.64%+407 bps
Loan Growth (YoY)9.44%9.10%11.26%7.46%8.30%10.08%8.39%7.21%-25 bps
Deposit Growth (YoY)0.73%3.24%6.53%2.90%3.13%3.11%4.81%6.25%+336 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.05%0.04%0.02%0.00%0.03%0.04%0.00%-2 bps
Net Charge-Offs / Loans-0.32%0.04%0.05%0.00%0.01%0.04%0.54%0.14%+14 bps
Allowance / Loans1.35%1.33%1.31%1.30%1.31%1.31%1.27%1.29%-1 bps
Allowance Coverage of NPLs34.2x26.0x35.2x59.1x267.6x44.7x31.6xn/an/a
Capital
Tier 1 Leverage Ratio9.47%9.49%9.56%9.56%9.69%9.77%9.85%9.73%+17 bps
Total Risk-Based Capital9.47%9.49%9.56%9.56%9.69%9.77%9.85%9.73%+17 bps
Equity / Assets7.59%6.93%7.19%7.35%7.92%8.12%7.99%8.09%+74 bps
Liquidity & Funding
Loans / Deposits69.87%69.22%70.98%72.78%73.38%73.90%73.40%73.43%+65 bps
Liquid Assets / Assets8.64%7.83%6.57%5.66%5.54%5.78%7.62%7.60%+195 bps
CRE / Total Capitaln/an/an/an/a187.11%180.93%184.58%n/an/a