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Cedarstone Bank

Lebanon, TN · Cert 57684

FDIC · 3 branches

Q4 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q4 2025, the quarter ended December 31, 2025, 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=495 to 541). 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 2024Q4 2025peer median (50)

Asset Quality

45

Q2 2024Q4 2025peer median (50)

Profitability

34

Q2 2024Q4 2025peer median (50)

Liquidity

35

Q2 2024Q4 2025peer median

Efficiency

46

Q2 2024Q4 2025peer 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

Cedarstone Bank

Lebanon, TN · Cert 57684

FDIC · 3 branches

Q4 2025

$369.2MAssets
$290.5MLoans
$311.2MDeposits
$31.2MEquity
Loan mix
92%RE $267.0M4%C&I $12.9M4%Consumer $10.5MQ4 2024Q4 2025
Deposit mix
82%Interest-bearing $255.5M18%Noninterest $55.7MQ4 2024Q4 2025

NIM

4.23%Q4 ’234.72%Q4 ’245.17%Q4 ’25-11%+12%

Non-interest income vs. expense

2.26%Q4 ’232.13%Q4 ’242.23%Q4 ’25+19%-3%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2025 SOD (annual) · 0.3% share · #36 of 64 inst. · $0.3B of $98.3B

4.0% Wilson
0.2% Davidson

Executive Summary

  • Earnings: ROA of 0.80%, up 40 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.43% of loans (+8 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 8.99%, up 25 bps from a year ago.
  • Funding: loans stand at 93.32% of deposits as of Q4 2025.

Financial Results

Return on Assets (YTD, annualized)

0.80%+40 bps YoY

Net Interest Margin (YTD, annualized)

2.74%+30 bps YoY

Efficiency Ratio (YTD, annualized)

69.62%-797 bps YoY

Tier 1 Leverage Ratio

8.99%+25 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.40%0.54%0.59%0.60%0.80%+40 bps
Return on Equity4.58%6.70%7.26%7.39%9.75%+518 bps
Net Interest Margin2.44%2.62%2.70%2.74%2.74%+30 bps
Efficiency Ratio77.59%75.38%74.67%73.04%69.62%-797 bps
Non-Interest Burden1.82%1.91%1.94%1.93%1.77%-5 bps
Growth
Asset Growth (YoY)13.97%13.56%7.41%3.48%5.82%-814 bps
Loan Growth (YoY)24.16%17.53%12.15%9.19%8.90%-1,526 bps
Deposit Growth (YoY)22.26%19.61%7.18%4.00%3.12%-1,914 bps
Asset Quality
Nonperforming Loans / Loans0.34%0.02%0.00%0.07%0.43%+8 bps
Net Charge-Offs / Loans0.01%0.01%0.11%0.08%0.08%+7 bps
Allowance / Loans0.61%0.57%0.51%0.53%0.52%-9 bps
Allowance Coverage of NPLs1.8x28.5xn/a7.1x1.2x-0.6x
Capital
Tier 1 Leverage Ratio8.74%8.61%8.71%8.77%8.99%+25 bps
Total Risk-Based Capital12.10%12.13%11.24%11.94%11.26%-85 bps
Equity / Assets8.09%8.09%8.03%8.27%8.45%+37 bps
Liquidity & Funding
Loans / Deposits88.37%88.21%89.74%90.39%93.32%+496 bps
Liquid Assets / Assets2.63%2.49%2.44%2.39%2.28%-35 bps
CRE / Total Capitaln/an/an/a311%321%n/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

Cedarstone Bank

Lebanon, TN · Cert 57684 · Peer group: banks under $1B in assets (n=495-541)

FDIC · 3 branches

Q4 2025

$369.2MAssets
$290.5MLoans
$311.2MDeposits
$31.2MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 49% of banks under $1B in assets (rank 276 of 541).
  • Widest gap: brokered deposits / deposits trails 93% of banks under $1B in assets (rank 471 of 506).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

0.77%

Rank 355 of 541

Net Interest Margin

2.74%

Rank 438 of 541

Efficiency Ratio

69.62%

Rank 295 of 540

Equity / Assets

8.45%

Rank 441 of 541

Non-interest income vs. expense

$1.7M$8.1MINCOMEEXPENSE
Unfavorable gap of $6.4M · efficiency ratio beats 46% of banks under $1B in assets
Bank 69.62%Peer median 68.7%Q2 2025Q4 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.77%0.56%0.97%1.38%Beats 34%355 / 541
Return on Equity9.13%5.68%9.28%12.43%Beats 49%276 / 541
Net Interest Margin2.74%2.87%3.39%3.85%Beats 19%438 / 541
Efficiency Ratio69.62%58.91%68.65%80.35%Beats 46%295 / 540
Asset Quality
Nonperforming Loans / Loans0.43%0.07%0.34%1.07%Beats 45%271 / 495
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio10.72%10.99%13.81%17.99%Beats 21%427 / 541
Total Risk-Based Capital Ratio11.26%11.43%14.30%18.80%Beats 23%414 / 541
Equity / Assets8.45%8.87%10.43%13.26%Beats 18%441 / 541
Liquidity & Funding
Loans / Deposits93.32%65.07%79.29%92.66%77th pctl116 / 495
Loans / Assets78.66%55.91%67.98%77.76%77th pctl115 / 495
Brokered Deposits / Deposits13.37%n/an/a3.32%Beats 7%471 / 506