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Commencement Bank

Tacoma, WA · Cert 58446 · Commencement Bcorp Inc.

State charter, Fed member · FED · 6 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

38

Q2 2024Q2 2026peer median (50)

Asset Quality

58

Q2 2024Q2 2026peer median (50)

Profitability

56

Q2 2024Q2 2026peer median (50)

Liquidity

84

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

Commencement Bank

Tacoma, WA · Cert 58446 · Commencement Bcorp Inc.

State charter, Fed member · FED · 6 branches

Q2 2026

$739.6MAssets
$556.6MLoans
$660.2MDeposits
$67.1MEquity
Loan mix
75%RE $386.2M25%C&I $127.2M1%Consumer $4.4MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $460.5M30%Noninterest $199.7MQ2 2025Q2 2026

NIM

4.80%Q2 ’244.89%Q2 ’255.00%Q2 ’26+16%+8%

Non-interest income vs. expense

2.86%Q2 ’242.64%Q2 ’252.78%Q2 ’26-9%+8%

Market Position · Seattle-Tacoma-Bellevue, WA · 2026 SOD (annual) · 0.3% share · #23 of 43 inst. · $0.5B of $143.1B

1.8% Pierce
3.7% Thurston
0.1% King

Executive Summary

  • Earnings: ROA of 0.99%, up 14 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.09% of loans (+9 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.30%, up 75 bps from a year ago.
  • Funding: loans stand at 84.31% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.99%+14 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+28 bps YoY

Efficiency Ratio (YTD, annualized)

68.49%-75 bps YoY

Tier 1 Leverage Ratio

10.30%+75 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.85%0.94%1.01%0.96%0.99%+14 bps
Return on Equity10.63%11.55%12.17%10.96%11.14%+51 bps
Net Interest Margin3.54%3.53%3.57%3.80%3.83%+28 bps
Efficiency Ratio69.25%67.53%66.16%69.81%68.49%-75 bps
Non-Interest Burden2.36%2.30%2.26%2.58%2.54%+18 bps
Growth
Asset Growth (YoY)14.20%7.84%5.15%8.30%8.53%-567 bps
Loan Growth (YoY)10.24%9.97%12.20%13.86%8.72%-153 bps
Deposit Growth (YoY)12.05%6.63%3.09%7.59%10.04%-201 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.25%0.09%0.09%+9 bps
Net Charge-Offs / Loans-0.05%-0.03%0.02%0.09%0.05%+9 bps
Allowance / Loans1.20%1.23%1.20%1.18%1.18%-2 bps
Allowance Coverage of NPLsn/an/a4.9x13.0x13.4xn/a
Capital
Tier 1 Leverage Ratio9.56%9.30%9.45%9.69%10.30%+75 bps
Total Risk-Based Capital12.84%13.23%13.34%13.56%14.15%+132 bps
Equity / Assets7.96%8.50%8.78%8.79%9.08%+112 bps
Liquidity & Funding
Loans / Deposits85.33%84.53%85.91%86.56%84.31%-102 bps
Liquid Assets / Assets2.91%3.63%1.72%2.27%3.49%+58 bps
CRE / Total Capitaln/a469%455%447%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

Commencement Bank

Tacoma, WA · Cert 58446 · Peer group: banks under $1B in assets (n=581-629) · Commencement Bcorp Inc.

State charter, Fed member · FED · 6 branches

Q2 2026

$739.6MAssets
$556.6MLoans
$660.2MDeposits
$67.1MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 76% of banks under $1B in assets (rank 142 of 581).
  • Widest gap: equity / assets trails 75% of banks under $1B in assets (rank 474 of 629).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.95%

Rank 347 of 629

Net Interest Margin

3.83%

Rank 215 of 629

Efficiency Ratio

68.49%

Rank 327 of 629

Equity / Assets

9.08%

Rank 474 of 629

Non-interest income vs. expense

$1.7M$20.3MINCOMEEXPENSE
Unfavorable gap of $18.6M · efficiency ratio beats 48% of banks under $1B in assets
Bank 68.49%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.95%0.60%1.01%1.45%Beats 45%347 / 629
Return on Equity10.42%5.38%9.30%13.28%Beats 56%278 / 629
Net Interest Margin3.83%3.03%3.54%4.05%Beats 66%215 / 629
Efficiency Ratio68.49%58.35%67.79%79.08%Beats 48%327 / 629
Asset Quality
Nonperforming Loans / Loans0.09%0.09%0.46%1.20%Beats 76%142 / 581
Net Charge-Offs / Loans0.02%n/a0.01%0.06%Beats 39%354 / 581
Capital
Tier 1 Capital Ratio12.95%11.24%13.84%18.77%Beats 43%359 / 629
Total Risk-Based Capital Ratio14.15%11.58%14.43%19.66%Beats 47%332 / 629
Equity / Assets9.08%9.09%10.65%13.80%Beats 25%474 / 629
Liquidity & Funding
Loans / Deposits84.31%67.24%80.90%93.48%55th pctl267 / 594
Loans / Assets75.25%53.31%67.71%78.15%67th pctl208 / 629
Brokered Deposits / Depositsn/aNot reported for this institution