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Verus Bank of Commerce

Fort Collins, CO · Cert 58025 · Verus Acquisition Group Inc.

State charter, Fed member · FED · 1 branch

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

77

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

48

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

48

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

Verus Bank of Commerce

Fort Collins, CO · Cert 58025 · Verus Acquisition Group Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$202.4MAssets
$176.4MLoans
$162.9MDeposits
$37.7MEquity
Loan mix
93%RE $165.1M6%C&I $11.0M1%Consumer $1.3MQ2 2025Q2 2026
Deposit mix
68%Interest-bearing $111.5M32%Noninterest $51.4MQ2 2025Q2 2026

NIM

5.63%Q2 ’245.77%Q2 ’255.70%Q2 ’26+1%+3%

Non-interest income vs. expense

2.71%Q2 ’243.03%Q2 ’252.86%Q2 ’26+12%-3%

Market Position · Fort Collins-Loveland, CO · 2026 SOD (annual) · 1.6% share · #11 of 28 inst. · $0.2B of $10.4B

Executive Summary

  • Earnings: ROA of 1.02%, up 16 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.46%, down 88 bps from a year ago.
  • Funding: loans stand at 108.34% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.02%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.94%+11 bps YoY

Efficiency Ratio (YTD, annualized)

68.44%-453 bps YoY

Tier 1 Leverage Ratio

18.46%-88 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.86%1.00%1.20%0.82%1.02%+16 bps
Return on Equity4.45%5.10%6.19%4.45%5.50%+105 bps
Net Interest Margin3.82%3.89%3.84%3.95%3.94%+11 bps
Efficiency Ratio72.97%68.98%62.87%74.13%68.44%-453 bps
Non-Interest Burden2.69%2.58%2.30%2.86%2.61%-8 bps
Growth
Asset Growth (YoY)-3.29%0.09%-0.33%8.57%7.97%+1,125 bps
Loan Growth (YoY)-1.82%0.62%-0.25%6.57%7.31%+913 bps
Deposit Growth (YoY)3.29%-1.38%-7.56%8.47%11.71%+841 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.82%0.81%0.79%0.76%0.77%-5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio19.34%19.79%18.62%18.61%18.46%-88 bps
Total Risk-Based Capital19.34%19.79%18.62%18.61%18.46%-88 bps
Equity / Assets19.88%19.90%19.19%17.94%18.65%-123 bps
Liquidity & Funding
Loans / Deposits112.77%117.87%121.07%110.00%108.34%-443 bps
Liquid Assets / Assets9.27%9.01%8.54%9.59%8.16%-111 bps
CRE / Total Capitaln/a344%360%377%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

Verus Bank of Commerce

Fort Collins, CO · Cert 58025 · Peer group: banks under $1B in assets (n=581-629) · Verus Acquisition Group Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$202.4MAssets
$176.4MLoans
$162.9MDeposits
$37.7MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets (rank 81 of 581).
  • Widest gap: return on equity trails 75% of banks under $1B in assets (rank 470 of 629).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.01%

Rank 314 of 629

Net Interest Margin

3.94%

Rank 189 of 629

Efficiency Ratio

68.44%

Rank 326 of 629

Equity / Assets

18.65%

Rank 88 of 629

Non-interest income vs. expense

$0.5M$5.8MINCOMEEXPENSE
Unfavorable gap of $5.3M · efficiency ratio beats 48% of banks under $1B in assets
Bank 68.44%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.01%0.60%1.01%1.45%Beats 50%314 / 629
Return on Equity5.42%5.38%9.30%13.28%Beats 25%470 / 629
Net Interest Margin3.94%3.03%3.54%4.05%Beats 70%189 / 629
Efficiency Ratio68.44%58.35%67.79%79.08%Beats 48%326 / 629
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.46%1.20%Beats 100%81 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%158 / 581
Capital
Tier 1 Capital Ratio18.46%11.24%13.84%18.77%Beats 74%164 / 629
Total Risk-Based Capital Ratio18.46%11.58%14.43%19.66%Beats 71%180 / 629
Equity / Assets18.65%9.09%10.65%13.80%Beats 86%88 / 629
Liquidity & Funding
Loans / Deposits108.34%67.24%80.90%93.48%94th pctl36 / 594
Loans / Assets87.18%53.31%67.71%78.15%95th pctl30 / 629
Brokered Deposits / Depositsn/aNot reported for this institution