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Milestone Bank

Salt Lake City, UT · Cert 58148

State charter, non-member · FDIC · 1 branch

Q2 2026

$342.2MAssets
$296.2MLoans
$282.8MDeposits
$53.2MEquity
Loan mix
17%RE $49.5M83%C&I $250.4M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
98%Interest-bearing $277.1M2%Noninterest $5.7MQ2 2025Q2 2026

NIM

9.96%Q2 ’2410.09%Q2 ’258.63%Q2 ’26+3%-20%

Non-interest income vs. expense

3.29%Q2 ’243.31%Q2 ’254.65%Q2 ’26-11%+4%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.0% share · #35 of 57 inst. · $0.3B of $1175.7B

Executive Summary

  • Earnings: ROA of 0.91%, down 75 bps year over year; NIM at 5.35%.
  • Asset quality: problem loans at 5.32% of loans (+394 bps YoY), with net charge-offs at 4.56%.
  • Capital: tier 1 leverage ratio of 15.01%, up 187 bps from a year ago.
  • Funding: loans stand at 104.73% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.91%-75 bps YoY

Net Interest Margin (quarter, annualized)

5.35%-137 bps YoY

Efficiency Ratio (quarter, annualized)

61.91%+1,853 bps YoY

Tier 1 Leverage Ratio

15.01%+187 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.65%1.79%-0.52%0.48%0.91%-75 bps
Return on Equity12.63%13.51%-3.82%3.39%6.03%-660 bps
Net Interest Margin6.72%6.49%6.02%5.61%5.35%-137 bps
Efficiency Ratio43.38%45.91%42.81%57.21%61.91%+1,853 bps
Non-Interest Burden2.39%2.61%1.70%2.77%2.48%+9 bps
Growth
Asset Growth (YoY)1.04%-4.41%2.47%-2.10%-12.50%-1,354 bps
Loan Growth (YoY)4.14%14.10%1.19%-9.30%-18.61%-2,274 bps
Deposit Growth (YoY)-0.94%-6.71%3.25%-1.81%-13.94%-1,300 bps
Asset Quality
Nonperforming Loans / Loans1.38%1.04%3.81%4.65%5.32%+394 bps
Net Charge-Offs / Loans1.27%1.96%4.08%2.68%4.56%+328 bps
Allowance / Loans2.25%2.20%2.68%2.93%2.40%+15 bps
Allowance Coverage of NPLs1.6x2.1x0.7x0.6x0.5x-1.2x
Capital
Tier 1 Leverage Ratio13.14%13.24%13.53%13.97%15.01%+187 bps
Total Risk-Based Capital13.14%13.24%13.53%13.97%15.01%+187 bps
Equity / Assets12.91%13.58%13.85%14.52%15.55%+264 bps
Liquidity & Funding
Loans / Deposits110.73%111.85%107.32%102.78%104.73%-600 bps
Liquid Assets / Assets6.33%6.64%9.10%13.47%10.91%+457 bps
CRE / Total Capitaln/a37.74%58.04%86.92%n/an/a