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1st State Bank

Saginaw, MI · Cert 57626 · 1st State Financial Ltd.

State charter, non-member · FDIC · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets (n=581 to 629). 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

62

Q2 2024Q2 2026peer median (50)

Asset Quality

36

Q2 2024Q2 2026peer median (50)

Profitability

67

Q2 2024Q2 2026peer median (50)

Liquidity

83

Q2 2024Q2 2026peer median

Efficiency

70

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

1st State Bank

Saginaw, MI · Cert 57626 · 1st State Financial Ltd.

State charter, non-member · FDIC · 5 branches

Q2 2026

$490.1MAssets
$323.4MLoans
$428.8MDeposits
$58.7MEquity
Loan mix
67%RE $213.0M33%C&I $103.6M0%Consumer $0.3MQ2 2025Q2 2026
Deposit mix
61%Interest-bearing $262.9M39%Noninterest $165.8MQ2 2025Q2 2026

NIM

4.88%Q2 ’245.03%Q2 ’255.27%Q2 ’26+8%+4%

Non-interest income vs. expense

2.79%Q2 ’242.55%Q2 ’252.63%Q2 ’26-11%+3%

Market Position · Saginaw, MI · 2026 SOD (annual) · 11.9% share · #3 of 10 inst. · $0.3B of $2.6B

11.9% Saginaw
5.7% Bay
3.7% Midland

Executive Summary

  • Earnings: ROA of 1.35%, up 10 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 0.35% of loans (-28 bps YoY), with net charge-offs at 0.22%.
  • Capital: tier 1 leverage ratio of 12.27%, up 70 bps from a year ago.
  • Funding: loans stand at 75.43% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.35%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+14 bps YoY

Efficiency Ratio (YTD, annualized)

60.93%-23 bps YoY

Tier 1 Leverage Ratio

12.27%+70 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.25%1.34%1.40%1.37%1.35%+10 bps
Return on Equity11.22%11.82%12.28%11.62%11.39%+17 bps
Net Interest Margin3.81%3.82%3.82%3.92%3.95%+14 bps
Efficiency Ratio61.16%60.03%58.91%60.19%60.93%-23 bps
Non-Interest Burden2.19%2.15%2.11%2.23%2.26%+7 bps
Growth
Asset Growth (YoY)-2.16%-0.05%6.32%7.80%4.68%+683 bps
Loan Growth (YoY)12.39%11.66%12.20%6.11%1.17%-1,122 bps
Deposit Growth (YoY)-8.56%-2.37%5.52%7.84%9.58%+1,814 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.60%0.66%0.65%0.35%-28 bps
Net Charge-Offs / Loans0.04%0.03%0.02%0.00%0.22%+18 bps
Allowance / Loans1.71%1.74%1.73%1.74%1.60%-11 bps
Allowance Coverage of NPLs2.7x2.9x2.6x2.7x4.6x+1.9x
Capital
Tier 1 Leverage Ratio11.57%11.65%11.81%11.86%12.27%+70 bps
Total Risk-Based Capital15.17%15.89%15.93%16.03%16.22%+105 bps
Equity / Assets11.16%11.79%11.77%11.80%11.98%+82 bps
Liquidity & Funding
Loans / Deposits81.71%79.44%75.88%74.58%75.43%-627 bps
Liquid Assets / Assets7.34%8.51%12.94%15.07%13.85%+651 bps
CRE / Total Capitaln/a304%302%295%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

1st State Bank

Saginaw, MI · Cert 57626 · Peer group: banks under $1B in assets (n=581-629) · 1st State Financial Ltd.

State charter, non-member · FDIC · 5 branches

Q2 2026

$490.1MAssets
$323.4MLoans
$428.8MDeposits
$58.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 71% of banks under $1B in assets (rank 185 of 629).
  • Widest gap: net charge-offs / loans trails 84% of banks under $1B in assets (rank 487 of 581).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.34%

Rank 193 of 629

Net Interest Margin

3.95%

Rank 185 of 629

Efficiency Ratio

60.93%

Rank 191 of 629

Equity / Assets

11.98%

Rank 228 of 629

Non-interest income vs. expense

$1.8M$12.8MINCOMEEXPENSE
Unfavorable gap of $11.0M · efficiency ratio beats 70% of banks under $1B in assets
Bank 60.93%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.34%0.60%1.01%1.45%Beats 69%193 / 629
Return on Equity11.15%5.38%9.30%13.28%Beats 62%241 / 629
Net Interest Margin3.95%3.03%3.54%4.05%Beats 71%185 / 629
Efficiency Ratio60.93%58.35%67.79%79.08%Beats 70%191 / 629
Asset Quality
Nonperforming Loans / Loans0.35%0.09%0.46%1.20%Beats 56%258 / 581
Net Charge-Offs / Loans0.11%n/a0.01%0.06%Beats 16%487 / 581
Capital
Tier 1 Capital Ratio14.97%11.24%13.84%18.77%Beats 59%256 / 629
Total Risk-Based Capital Ratio16.22%11.58%14.43%19.66%Beats 62%237 / 629
Equity / Assets11.98%9.09%10.65%13.80%Beats 64%228 / 629
Liquidity & Funding
Loans / Deposits75.43%67.24%80.90%93.48%40th pctl354 / 594
Loans / Assets66.00%53.31%67.71%78.15%46th pctl339 / 629
Brokered Deposits / Depositsn/aNot reported for this institution