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Celtic Bank Corporation

Salt Lake City, UT · Cert 57056

State charter, non-member · FDIC · 1 branch

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

89

Q2 2024Q2 2026peer median (50)

Asset Quality

7

Q2 2024Q2 2026peer median (50)

Profitability

95

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

97

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

Celtic Bank Corporation

Salt Lake City, UT · Cert 57056

State charter, non-member · FDIC · 1 branch

Q2 2026

$5.3BAssets
$4.6BLoans
$3.9BDeposits
$928.3MEquity
Loan mix
45%RE $1.9B46%C&I $1.9B9%Consumer $0.4BQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $3.6B8%Noninterest $0.3BQ2 2025Q2 2026

NIM

9.16%Q2 ’248.96%Q2 ’258.51%Q2 ’26-4%-8%

Non-interest income vs. expense

3.32%Q2 ’243.05%Q2 ’252.74%Q2 ’26+188%-47%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.3% share · #17 of 57 inst. · $3.9B of $1175.7B

Executive Summary

  • Earnings: ROA of 3.41%, down 63 bps year over year; NIM at 5.69%.
  • Asset quality: problem loans at 3.63% of loans (+90 bps YoY), with net charge-offs at 0.46%.
  • Capital: tier 1 leverage ratio of 18.04%, down 81 bps from a year ago.
  • Funding: loans stand at 117.30% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

3.41%-63 bps YoY

Net Interest Margin (YTD, annualized)

5.69%-52 bps YoY

Efficiency Ratio (YTD, annualized)

33.21%-72 bps YoY

Tier 1 Leverage Ratio

18.04%-81 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets4.04%3.99%4.12%3.29%3.41%-63 bps
Return on Equity22.36%22.21%22.98%18.48%19.32%-304 bps
Net Interest Margin6.21%5.98%5.85%5.97%5.69%-52 bps
Efficiency Ratio33.92%33.81%32.11%32.60%33.21%-72 bps
Non-Interest Burden0.32%0.34%0.22%0.31%0.17%-15 bps
Growth
Asset Growth (YoY)26.19%32.91%26.74%24.00%25.14%-105 bps
Loan Growth (YoY)34.74%43.30%39.03%37.25%37.65%+290 bps
Deposit Growth (YoY)25.74%36.83%25.53%29.73%36.96%+1,122 bps
Asset Quality
Nonperforming Loans / Loans2.73%2.79%2.77%3.10%3.63%+90 bps
Net Charge-Offs / Loans0.53%0.68%0.64%0.83%0.46%-7 bps
Allowance / Loans1.67%1.51%1.43%1.54%1.64%-2 bps
Allowance Coverage of NPLs0.6x0.5x0.5x0.5x0.5x-0.2x
Capital
Tier 1 Leverage Ratio18.85%18.14%18.20%18.27%18.04%-81 bps
Total Risk-Based Capital18.85%18.14%18.20%18.27%18.04%-81 bps
Equity / Assets17.91%17.65%17.75%17.86%17.40%-51 bps
Liquidity & Funding
Loans / Deposits116.71%113.23%115.91%116.07%117.30%+59 bps
Liquid Assets / Assets12.71%13.57%12.60%10.97%9.98%-274 bps
CRE / Total Capitaln/a212%212%212%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

Celtic Bank Corporation

Salt Lake City, UT · Cert 57056 · Peer group: banks $1B-$10B in assets (n=322-328)

State charter, non-member · FDIC · 1 branch

Q2 2026

$5.3BAssets
$4.6BLoans
$3.9BDeposits
$928.3MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 97% of banks $1B-$10B in assets (rank 9 of 328).
  • Widest gap: nonperforming loans / loans trails 98% of banks $1B-$10B in assets (rank 315 of 322).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

3.22%

Rank 9 of 328

Net Interest Margin

5.69%

Rank 11 of 328

Efficiency Ratio

33.21%

Rank 12 of 328

Equity / Assets

17.40%

Rank 12 of 328

Non-interest income vs. expense

$131.8M$140.6MINCOMEEXPENSE
Unfavorable gap of $8.7M · efficiency ratio beats 97% of banks $1B-$10B in assets
Bank 33.21%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets3.22%0.91%1.22%1.52%Beats 97%9 / 328
Return on Equity18.49%8.43%11.45%14.43%Beats 92%26 / 328
Net Interest Margin5.69%3.03%3.45%3.83%Beats 97%11 / 328
Efficiency Ratio33.21%51.61%59.56%67.53%Beats 97%12 / 328
Asset Quality
Nonperforming Loans / Loans3.63%0.24%0.51%1.03%Beats 2%315 / 322
Net Charge-Offs / Loans0.26%0.01%0.03%0.10%Beats 11%286 / 322
Capital
Tier 1 Capital Ratio18.04%11.75%13.15%15.47%Beats 86%45 / 328
Total Risk-Based Capital Ratio18.04%12.63%14.15%16.46%Beats 84%53 / 328
Equity / Assets17.40%9.15%10.33%12.01%Beats 96%12 / 328
Liquidity & Funding
Loans / Deposits117.30%76.63%87.92%95.36%98th pctl8 / 323
Loans / Assets85.78%65.18%74.15%79.98%93rd pctl22 / 328
Brokered Deposits / Depositsn/aNot reported for this institution