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Dart Bank, The

Mason, MI · Cert 5033 · Dart Financial Corp.

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

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 operating in a single state (n=257 to 258). 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

21

Q2 2024Q2 2026peer median (50)

Asset Quality

19

Q2 2024Q2 2026peer median (50)

Profitability

51

Q2 2024Q2 2026peer median (50)

Liquidity

68

Q2 2024Q2 2026peer median

Efficiency

6

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

Dart Bank, The

Mason, MI · Cert 5033 · Dart Financial Corp.

State charter, non-member · FDIC · 4 branches

Q2 2026

$1.5BAssets
$1.2BLoans
$1.3BDeposits
$118.8MEquity
Loan mix
92%RE $1.0B8%C&I $0.1B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
61%Interest-bearing $780.2M39%Noninterest $489.3MQ2 2025Q2 2026

NIM

5.23%Q2 ’245.52%Q2 ’255.55%Q2 ’26+29%+8%

Non-interest income vs. expense

4.19%Q2 ’245.29%Q2 ’256.55%Q2 ’26+31%+5%

Market Position · Lansing-East Lansing, MI · 2026 SOD (annual) · 10.3% share · #4 of 18 inst. · $1.3B of $12.3B

11.9% Ingham
4.9% Eaton

Executive Summary

  • Earnings: ROA of 0.97%, up 10 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 1.75% of loans (+53 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 8.65%, up 32 bps from a year ago.
  • Funding: loans stand at 91.88% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.97%+10 bps YoY

Net Interest Margin (YTD, annualized)

4.00%+29 bps YoY

Efficiency Ratio (YTD, annualized)

83.72%+109 bps YoY

Tier 1 Leverage Ratio

8.65%+32 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.86%0.90%0.92%1.05%0.97%+10 bps
Return on Equity10.87%11.25%11.41%12.63%11.76%+89 bps
Net Interest Margin3.70%3.81%3.96%4.08%4.00%+29 bps
Efficiency Ratio82.62%82.71%83.80%82.39%83.72%+109 bps
Non-Interest Burden2.59%2.68%2.85%2.69%2.71%+13 bps
Growth
Asset Growth (YoY)5.09%6.11%8.83%2.49%7.56%+247 bps
Loan Growth (YoY)8.01%5.62%6.49%0.68%-0.55%-855 bps
Deposit Growth (YoY)3.97%2.73%6.33%-7.96%10.18%+621 bps
Asset Quality
Nonperforming Loans / Loans1.22%1.21%1.06%1.56%1.75%+53 bps
Net Charge-Offs / Loans0.06%0.04%0.18%0.18%0.07%+1 bps
Allowance / Loans1.14%1.15%0.97%0.97%0.95%-18 bps
Allowance Coverage of NPLs0.9x1.0x0.9x0.6x0.5x-0.4x
Capital
Tier 1 Leverage Ratio8.32%8.36%8.60%8.75%8.65%+32 bps
Total Risk-Based Capital11.65%12.26%12.13%12.45%12.40%+75 bps
Equity / Assets7.95%8.29%8.06%8.51%8.07%+12 bps
Liquidity & Funding
Loans / Deposits101.78%99.05%96.19%107.60%91.88%-991 bps
Liquid Assets / Assets3.05%4.63%6.82%5.77%9.10%+605 bps
CRE / Total Capitaln/a376%377%361%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

Dart Bank, The

Mason, MI · Cert 5033 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Dart Financial Corp.

State charter, non-member · FDIC · 4 branches

Q2 2026

$1.5BAssets
$1.2BLoans
$1.3BDeposits
$118.8MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 80% of banks $1B-$10B in assets operating in a single state (rank 51 of 258).
  • Widest gap: efficiency ratio trails 94% of banks $1B-$10B in assets operating in a single state (rank 242 of 257).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.93%

Rank 192 of 258

Net Interest Margin

4.00%

Rank 51 of 258

Efficiency Ratio

83.72%

Rank 242 of 257

Equity / Assets

8.07%

Rank 234 of 258

Non-interest income vs. expense

$52.4M$89.4MINCOMEEXPENSE
Unfavorable gap of $37.0M · efficiency ratio beats 6% of banks $1B-$10B in assets operating in a single state
Bank 83.72%Peer median 60.3%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.93%0.93%1.23%1.54%Beats 26%192 / 258
Return on Equity11.58%9.26%11.84%14.74%Beats 48%133 / 258
Net Interest Margin4.00%3.16%3.49%3.88%Beats 80%51 / 258
Efficiency Ratio83.72%51.71%60.30%69.65%Beats 6%242 / 257
Asset Quality
Nonperforming Loans / Loans1.75%0.19%0.46%0.90%Beats 9%235 / 258
Net Charge-Offs / Loans0.05%0.01%0.02%0.07%Beats 29%183 / 258
Capital
Tier 1 Capital Ratio11.15%11.41%12.98%15.12%Beats 23%198 / 258
Total Risk-Based Capital Ratio12.40%12.10%13.91%16.08%Beats 30%180 / 258
Equity / Assets8.07%9.09%10.24%11.72%Beats 9%234 / 258
Liquidity & Funding
Loans / Deposits91.88%73.24%86.34%95.95%66th pctl88 / 258
Loans / Assets79.23%63.01%72.27%78.40%77th pctl59 / 258
Brokered Deposits / Depositsn/aNot reported for this institution