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Locus Bank, Inc.

Richmond, VA · Cert 58658 · Locus

State charter, Fed member · FED · 2 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

82

Q2 2024Q2 2026peer median (50)

Asset Quality

43

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

70

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

Locus Bank, Inc.

Richmond, VA · Cert 58658 · Locus

State charter, Fed member · FED · 2 branches

Q2 2026

$359.4MAssets
$295.3MLoans
$259.3MDeposits
$74.1MEquity
Loan mix
70%RE $183.9M30%C&I $80.1M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $221.2M15%Noninterest $38.1MQ2 2025Q2 2026

NIM

5.25%Q2 ’245.71%Q2 ’255.85%Q2 ’26+16%+4%

Non-interest income vs. expense

2.09%Q2 ’242.00%Q2 ’252.18%Q2 ’26-7%+9%

Market Position · Blacksburg-Christiansburg-Radford, VA · 2026 SOD (annual) · 3.5% share · #8 of 14 inst. · $0.2B of $4.6B

5.3% Montgomery
1.0% Henrico

Executive Summary

  • Earnings: ROA of 1.26%, up 22 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.62% of loans (-2 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 21.46%, down 6 bps from a year ago.
  • Funding: loans stand at 113.86% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.26%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+12 bps YoY

Efficiency Ratio (YTD, annualized)

60.57%+263 bps YoY

Tier 1 Leverage Ratio

21.46%-6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.03%1.21%1.14%1.25%1.26%+22 bps
Return on Equity4.95%5.78%5.46%5.90%5.99%+104 bps
Net Interest Margin3.28%3.29%3.30%3.39%3.40%+12 bps
Efficiency Ratio57.93%54.70%56.04%65.01%60.57%+263 bps
Non-Interest Burden1.82%1.68%1.74%2.15%1.98%+16 bps
Growth
Asset Growth (YoY)5.50%4.03%1.92%3.08%8.22%+272 bps
Loan Growth (YoY)5.41%2.16%5.50%4.39%8.43%+302 bps
Deposit Growth (YoY)14.15%5.98%3.34%2.98%10.91%-323 bps
Asset Quality
Nonperforming Loans / Loans0.64%0.60%0.79%0.65%0.62%-2 bps
Net Charge-Offs / Loans0.23%0.15%0.11%0.07%-0.01%-24 bps
Allowance / Loans0.63%0.60%0.65%0.55%0.58%-6 bps
Allowance Coverage of NPLs1.0x1.0x0.8x0.8x0.9x-0.1x
Capital
Tier 1 Leverage Ratio21.52%21.81%21.72%21.63%21.46%-6 bps
Total Risk-Based Capital21.52%21.81%21.72%21.63%21.46%-6 bps
Equity / Assets21.26%21.18%21.04%21.23%20.63%-63 bps
Liquidity & Funding
Loans / Deposits116.48%114.57%113.65%120.90%113.86%-261 bps
Liquid Assets / Assets4.53%6.43%6.30%2.48%2.41%-211 bps
CRE / Total Capitaln/a209%217%221%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

Locus Bank, Inc.

Richmond, VA · Cert 58658 · Peer group: banks under $1B in assets (n=581-629) · Locus

State charter, Fed member · FED · 2 branches

Q2 2026

$359.4MAssets
$295.3MLoans
$259.3MDeposits
$74.1MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 88% of banks under $1B in assets (rank 76 of 629).
  • Widest gap: return on equity trails 72% of banks under $1B in assets (rank 456 of 629).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.22%

Rank 226 of 629

Net Interest Margin

3.40%

Rank 362 of 629

Efficiency Ratio

60.57%

Rank 188 of 629

Equity / Assets

20.63%

Rank 76 of 629

Non-interest income vs. expense

$0.7M$7.6MINCOMEEXPENSE
Unfavorable gap of $6.9M · efficiency ratio beats 70% of banks under $1B in assets
Bank 60.57%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.22%0.60%1.01%1.45%Beats 64%226 / 629
Return on Equity5.92%5.38%9.30%13.28%Beats 28%456 / 629
Net Interest Margin3.40%3.03%3.54%4.05%Beats 42%362 / 629
Efficiency Ratio60.57%58.35%67.79%79.08%Beats 70%188 / 629
Asset Quality
Nonperforming Loans / Loans0.62%0.09%0.46%1.20%Beats 43%334 / 581
Net Charge-Offs / Loans0.02%n/a0.01%0.06%Beats 43%331 / 581
Capital
Tier 1 Capital Ratio21.46%11.24%13.84%18.77%Beats 80%126 / 629
Total Risk-Based Capital Ratio21.46%11.58%14.43%19.66%Beats 79%131 / 629
Equity / Assets20.63%9.09%10.65%13.80%Beats 88%76 / 629
Liquidity & Funding
Loans / Deposits113.86%67.24%80.90%93.48%97th pctl17 / 594
Loans / Assets82.16%53.31%67.71%78.15%86th pctl86 / 629
Brokered Deposits / Depositsn/aNot reported for this institution