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Grand River Bank

Grandville, MI · Cert 58789 · Grand River Commerce Inc.

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

43

Q2 2024Q2 2026peer median (50)

Asset Quality

84

Q2 2024Q2 2026peer median (50)

Profitability

24

Q2 2024Q2 2026peer median (50)

Liquidity

32

Q2 2024Q2 2026peer median

Efficiency

25

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

Grand River Bank

Grandville, MI · Cert 58789 · Grand River Commerce Inc.

State charter, Fed member · FED · 2 branches

Q2 2026

$507.3MAssets
$428.4MLoans
$446.1MDeposits
$51.0MEquity
Loan mix
93%RE $404.8M7%C&I $31.9M0%Consumer $0.7MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $349.3M22%Noninterest $96.8MQ2 2025Q2 2026

NIM

5.21%Q2 ’245.21%Q2 ’255.06%Q2 ’26+11%+6%

Non-interest income vs. expense

2.57%Q2 ’242.46%Q2 ’252.33%Q2 ’26-1%-6%

Market Position · Grand Rapids-Wyoming-Kentwood, MI · 2026 SOD (annual) · 1.3% share · #15 of 28 inst. · $0.4B of $34.4B

Executive Summary

  • Earnings: ROA of 0.62%, up 33 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.17% of loans (+7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.19%, up 46 bps from a year ago.
  • Funding: loans stand at 96.04% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.62%+33 bps YoY

Net Interest Margin (YTD, annualized)

2.82%+15 bps YoY

Efficiency Ratio (YTD, annualized)

79.05%-962 bps YoY

Tier 1 Leverage Ratio

10.19%+46 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.29%0.34%0.38%0.63%0.62%+33 bps
Return on Equity3.10%3.54%3.95%6.53%6.30%+320 bps
Net Interest Margin2.66%2.67%2.64%2.74%2.82%+15 bps
Efficiency Ratio88.67%86.39%84.84%81.10%79.05%-962 bps
Non-Interest Burden2.34%2.29%2.22%2.20%2.19%-15 bps
Growth
Asset Growth (YoY)-7.16%-3.45%-1.42%-1.11%-0.81%+636 bps
Loan Growth (YoY)-8.49%-9.00%-7.10%-5.79%-6.23%+226 bps
Deposit Growth (YoY)-6.73%-4.24%2.23%0.77%3.49%+1,023 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.10%0.20%0.21%0.17%+7 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.11%1.14%1.12%1.14%1.14%+3 bps
Allowance Coverage of NPLs11.0x11.0x5.5x5.5x6.7x-4.3x
Capital
Tier 1 Leverage Ratio9.73%9.80%9.43%9.91%10.19%+46 bps
Total Risk-Based Capital12.89%13.46%13.21%13.63%14.13%+124 bps
Equity / Assets9.68%9.60%9.58%9.84%10.05%+38 bps
Liquidity & Funding
Loans / Deposits106.00%98.45%99.99%99.82%96.04%-996 bps
Liquid Assets / Assets6.59%10.05%8.81%9.16%10.91%+432 bps
CRE / Total Capitaln/a615%619%607%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

Grand River Bank

Grandville, MI · Cert 58789 · Peer group: banks under $1B in assets (n=581-629) · Grand River Commerce Inc.

State charter, Fed member · FED · 2 branches

Q2 2026

$507.3MAssets
$428.4MLoans
$446.1MDeposits
$51.0MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets (rank 158 of 581).
  • Widest gap: net interest margin trails 83% of banks under $1B in assets (rank 524 of 629).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.62%

Rank 468 of 629

Net Interest Margin

2.82%

Rank 524 of 629

Efficiency Ratio

79.05%

Rank 471 of 629

Equity / Assets

10.05%

Rank 378 of 629

Non-interest income vs. expense

$0.7M$11.8MINCOMEEXPENSE
Unfavorable gap of $11.2M · efficiency ratio beats 25% of banks under $1B in assets
Bank 79.05%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.62%0.60%1.01%1.45%Beats 26%468 / 629
Return on Equity6.21%5.38%9.30%13.28%Beats 29%447 / 629
Net Interest Margin2.82%3.03%3.54%4.05%Beats 17%524 / 629
Efficiency Ratio79.05%58.35%67.79%79.08%Beats 25%471 / 629
Asset Quality
Nonperforming Loans / Loans0.17%0.09%0.46%1.20%Beats 67%191 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%158 / 581
Capital
Tier 1 Capital Ratio12.89%11.24%13.84%18.77%Beats 42%365 / 629
Total Risk-Based Capital Ratio14.13%11.58%14.43%19.66%Beats 47%333 / 629
Equity / Assets10.05%9.09%10.65%13.80%Beats 40%378 / 629
Liquidity & Funding
Loans / Deposits96.04%67.24%80.90%93.48%80th pctl117 / 594
Loans / Assets84.46%53.31%67.71%78.15%91st pctl57 / 629
Brokered Deposits / Depositsn/aNot reported for this institution