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Spencer County Bank

Santa Claus, IN · Cert 5786

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

61

Q2 2024Q2 2026peer median (50)

Asset Quality

17

Q2 2024Q2 2026peer median (50)

Profitability

37

Q2 2024Q2 2026peer median (50)

Liquidity

68

Q2 2024Q2 2026peer median

Efficiency

35

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

Spencer County Bank

Santa Claus, IN · Cert 5786

State charter, non-member · FDIC · 5 branches

Q2 2026

$131.2MAssets
$78.7MLoans
$111.6MDeposits
$18.7MEquity
Loan mix
85%RE $65.1M8%C&I $5.8M7%Consumer $5.3MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $83.6M25%Noninterest $28.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.79%, up 2 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 3.00% of loans (+120 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 14.57%, up 48 bps from a year ago.
  • Funding: loans stand at 70.53% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.79%+2 bps YoY

Net Interest Margin (YTD, annualized)

3.55%+5 bps YoY

Efficiency Ratio (YTD, annualized)

73.96%+68 bps YoY

Tier 1 Leverage Ratio

14.57%+48 bps YoY

NIM

4.52%Q2 ’244.76%Q2 ’254.79%Q2 ’26+3%+1%

Non-interest income vs. expense

2.95%Q2 ’242.94%Q2 ’253.02%Q2 ’26+1%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.77%0.75%0.76%0.77%0.69%0.83%0.79%+2 bps
Return on Equity6.19%6.02%5.63%5.72%5.75%5.10%5.92%5.58%-14 bps
Net Interest Margin3.42%3.39%3.43%3.49%3.47%3.49%3.50%3.55%+5 bps
Efficiency Ratio74.71%75.30%74.76%73.29%72.90%76.05%72.54%73.96%+68 bps
Non-Interest Burden2.40%2.41%2.43%2.42%2.38%2.53%2.39%2.48%+6 bps
Growth
Asset Growth (YoY)0.11%2.59%-0.32%3.90%5.23%3.56%1.90%0.33%-357 bps
Loan Growth (YoY)0.17%-2.38%-2.10%-2.27%-2.19%-1.24%-0.99%-1.73%+53 bps
Deposit Growth (YoY)-2.08%1.76%-1.75%3.09%5.40%2.60%1.02%-0.78%-387 bps
Asset Quality
Nonperforming Loans / Loans2.28%2.48%2.85%1.80%2.32%2.84%3.43%3.00%+120 bps
Net Charge-Offs / Loans0.04%0.03%0.11%0.37%0.27%0.22%0.03%0.01%-37 bps
Allowance / Loans0.69%0.72%0.73%0.64%0.73%0.75%0.78%0.83%+18 bps
Allowance Coverage of NPLs0.3x0.3x0.3x0.4x0.3x0.3x0.2x0.3x-0.1x
Capital
Tier 1 Leverage Ratio13.92%13.97%14.09%14.09%14.02%14.19%14.45%14.57%+48 bps
Total Risk-Based Capital13.92%13.97%14.09%14.09%14.02%14.19%14.45%14.57%+48 bps
Equity / Assets13.44%13.25%13.37%13.48%13.70%13.96%14.05%14.27%+79 bps
Liquidity & Funding
Loans / Deposits76.88%73.80%71.84%71.21%71.34%71.04%70.41%70.53%-69 bps
Liquid Assets / Assets5.37%6.03%9.24%9.13%8.05%7.82%10.48%8.50%-62 bps
CRE / Total Capitaln/an/an/an/a50.05%51.57%45.98%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

Spencer County Bank

Santa Claus, IN · Cert 5786 · Peer group: banks under $1B in assets (n=581-629)

State charter, non-member · FDIC · 5 branches

Q2 2026

$131.2MAssets
$78.7MLoans
$111.6MDeposits
$18.7MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 76% of banks under $1B in assets (rank 151 of 629).
  • Widest gap: nonperforming loans / loans trails 93% of banks under $1B in assets (rank 542 of 581).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.79%

Rank 423 of 629

Net Interest Margin

3.55%

Rank 308 of 629

Efficiency Ratio

73.96%

Rank 410 of 629

Equity / Assets

14.27%

Rank 151 of 629

Non-interest income vs. expense

$0.7M$4.0MINCOMEEXPENSE
Unfavorable gap of $3.3M · efficiency ratio beats 35% of banks under $1B in assets
Bank 73.96%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.79%0.60%1.01%1.45%Beats 33%423 / 629
Return on Equity5.51%5.38%9.30%13.28%Beats 26%468 / 629
Net Interest Margin3.55%3.03%3.54%4.05%Beats 51%308 / 629
Efficiency Ratio73.96%58.35%67.79%79.08%Beats 35%410 / 629
Asset Quality
Nonperforming Loans / Loans3.00%0.09%0.46%1.20%Beats 7%542 / 581
Net Charge-Offs / Loans0.06%n/a0.01%0.06%Beats 26%429 / 581
Capital
Tier 1 Capital Ratio14.57%11.24%13.84%18.77%Beats 56%275 / 629
Total Risk-Based Capital Ratio14.57%11.58%14.43%19.66%Beats 51%311 / 629
Equity / Assets14.27%9.09%10.65%13.80%Beats 76%151 / 629
Liquidity & Funding
Loans / Deposits70.53%67.24%80.90%93.48%31st pctl408 / 594
Loans / Assets60.03%53.31%67.71%78.15%34th pctl414 / 629
Brokered Deposits / Depositsn/aNot reported for this institution