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Medallion Bank

Salt Lake City, UT · Cert 57449

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=313 to 319). 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

88

Q2 2024Q2 2026peer median (50)

Asset Quality

31

Q2 2024Q2 2026peer median (50)

Profitability

84

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

98

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

Medallion Bank

Salt Lake City, UT · Cert 57449

State charter, non-member · FDIC · 1 branch

Q2 2026

$2.8BAssets
$2.7BLoans
$2.3BDeposits
$450.0MEquity
Loan mix
0%RE $0.0B0%C&I $0.0B100%Consumer $2.5BQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $2.3B0%Noninterest $0.0BQ2 2025Q2 2026

NIM

11.19%Q2 ’2411.69%Q2 ’2511.59%Q2 ’26+1%-2%

Non-interest income vs. expense

2.10%Q2 ’242.22%Q2 ’252.41%Q2 ’26-5%+13%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.2% share · #21 of 57 inst. · $2.3B of $1175.7B

Executive Summary

  • Earnings: ROA of 2.15%, down 43 bps year over year; NIM at 8.40%.
  • Asset quality: problem loans at 0.45% of loans (+6 bps YoY), with net charge-offs at 2.76%.
  • Capital: tier 1 leverage ratio of 16.92%, down 238 bps from a year ago.
  • Funding: loans stand at 116.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.15%-43 bps YoY

Net Interest Margin (YTD, annualized)

8.40%-13 bps YoY

Efficiency Ratio (YTD, annualized)

27.69%+279 bps YoY

Tier 1 Leverage Ratio

16.92%-238 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.58%2.75%2.81%1.97%2.15%-43 bps
Return on Equity15.85%16.69%16.89%11.64%12.95%-290 bps
Net Interest Margin8.53%8.49%8.50%8.48%8.40%-13 bps
Efficiency Ratio24.91%24.47%23.58%27.94%27.69%+279 bps
Non-Interest Burden1.85%1.80%1.45%2.25%2.10%+25 bps
Growth
Asset Growth (YoY)5.28%0.30%2.62%4.56%9.99%+471 bps
Loan Growth (YoY)3.84%2.01%2.72%5.43%12.92%+908 bps
Deposit Growth (YoY)0.14%-2.44%-0.25%5.24%14.15%+1,400 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.46%0.61%0.46%0.45%+6 bps
Net Charge-Offs / Loans2.87%2.60%2.76%3.29%2.76%-11 bps
Allowance / Loans4.04%4.10%4.32%4.29%4.21%+17 bps
Allowance Coverage of NPLs10.3x9.0x7.0x9.3x9.3x-1.0x
Capital
Tier 1 Leverage Ratio19.30%17.50%17.80%17.38%16.92%-238 bps
Total Risk-Based Capital20.82%19.27%19.71%18.96%18.08%-273 bps
Equity / Assets18.38%17.02%17.18%16.73%15.88%-250 bps
Liquidity & Funding
Loans / Deposits117.26%117.52%116.90%117.03%116.00%-126 bps
Liquid Assets / Assets4.38%2.82%5.45%4.16%4.35%-3 bps
CRE / Total Capitaln/a0.00%0.00%0.00%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

Medallion Bank

Salt Lake City, UT · Cert 57449 · Peer group: banks $1B-$10B in assets (n=313-319)

State charter, non-member · FDIC · 1 branch

Q2 2026

$2.8BAssets
$2.7BLoans
$2.3BDeposits
$450.0MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 98% of banks $1B-$10B in assets (rank 6 of 319).
  • Widest gap: net charge-offs / loans trails 97% of banks $1B-$10B in assets (rank 306 of 313).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

2.05%

Rank 21 of 319

Net Interest Margin

8.40%

Rank 6 of 319

Efficiency Ratio

27.69%

Rank 8 of 319

Equity / Assets

15.88%

Rank 15 of 319

Non-interest income vs. expense

$8.2M$64.7MINCOMEEXPENSE
Unfavorable gap of $56.4M · efficiency ratio beats 98% of banks $1B-$10B in assets
Bank 27.69%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.05%0.91%1.21%1.53%Beats 93%21 / 319
Return on Equity12.88%8.49%11.44%14.57%Beats 62%122 / 319
Net Interest Margin8.40%3.06%3.43%3.81%Beats 98%6 / 319
Efficiency Ratio27.69%51.90%59.57%67.64%Beats 98%8 / 319
Asset Quality
Nonperforming Loans / Loans0.45%0.25%0.54%1.18%Beats 58%131 / 313
Net Charge-Offs / Loans1.86%0.01%0.04%0.12%Beats 3%306 / 313
Capital
Tier 1 Capital Ratio16.80%11.74%12.99%15.28%Beats 85%48 / 319
Total Risk-Based Capital Ratio18.08%12.61%14.01%16.23%Beats 85%47 / 319
Equity / Assets15.88%9.03%10.33%12.01%Beats 95%15 / 319
Liquidity & Funding
Loans / Deposits116.00%76.76%88.16%95.43%97th pctl10 / 314
Loans / Assets94.09%65.79%74.05%79.84%99th pctl3 / 319
Brokered Deposits / Depositsn/aNot reported for this institution