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Unibank

Lynnwood, WA · Cert 58407 · U&I Financial Corp.

State charter, Fed member · FED · 4 branches

Q2 2026

$393.0MAssets
$270.8MLoans
$322.6MDeposits
$28.2MEquity
Loan mix
96%RE $257.6M4%C&I $9.9M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $271.5M16%Noninterest $51.0MQ2 2025Q2 2026

NIM

6.33%Q2 ’246.03%Q2 ’255.63%Q2 ’26-17%+4%

Non-interest income vs. expense

2.23%Q2 ’243.03%Q2 ’254.03%Q2 ’26+50%+33%

Market Position · Seattle-Tacoma-Bellevue, WA · 2026 SOD (annual) · 0.2% share · #27 of 43 inst. · $0.3B of $143.1B

0.7% Snohomish
0.1% King
0.5% Pierce

Executive Summary

  • Earnings: ROA of -0.25%, up 31 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.54% of loans (-122 bps YoY), with net recoveries of 1.40%.
  • Capital: tier 1 leverage ratio of 7.31%, up 13 bps from a year ago.
  • Funding: loans stand at 83.95% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.25%+31 bps YoY

Net Interest Margin (YTD, annualized)

2.69%+9 bps YoY

Efficiency Ratio (YTD, annualized)

139.29%+2,910 bps YoY

Tier 1 Leverage Ratio

7.31%+13 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.56%-0.45%-0.47%-0.13%-0.25%+31 bps
Return on Equity-9.05%-7.06%-7.29%-1.92%-3.54%+551 bps
Net Interest Margin2.60%2.61%2.57%2.94%2.69%+9 bps
Efficiency Ratio110.19%119.13%129.47%127.95%139.29%+2,910 bps
Non-Interest Burden2.88%3.14%3.38%3.82%3.83%+95 bps
Growth
Asset Growth (YoY)-28.49%-30.65%-21.69%-9.04%-4.01%+2,448 bps
Loan Growth (YoY)-30.72%-30.02%-27.69%-27.21%-14.88%+1,585 bps
Deposit Growth (YoY)-20.54%-26.37%-23.16%-13.46%-10.18%+1,036 bps
Asset Quality
Nonperforming Loans / Loans1.76%1.77%1.78%0.56%0.54%-122 bps
Net Charge-Offs / Loans4.17%2.94%1.86%-1.50%-1.40%-558 bps
Allowance / Loans1.19%1.03%0.97%1.13%1.08%-11 bps
Allowance Coverage of NPLs0.7x0.6x0.5x2.0x2.0x+1.3x
Capital
Tier 1 Leverage Ratio7.18%7.32%7.22%7.18%7.31%+13 bps
Total Risk-Based Capital10.43%10.63%10.92%11.74%11.30%+87 bps
Equity / Assets6.79%7.17%6.98%7.00%7.17%+37 bps
Liquidity & Funding
Loans / Deposits88.58%87.34%84.67%80.34%83.95%-463 bps
Liquid Assets / Assets8.91%8.02%14.00%16.13%12.36%+345 bps
CRE / Total Capitaln/a593%601%582%n/an/a