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Grasshopper Bank, N.A.

New York, NY · Cert 59113 · Grasshopper Bcorp Inc.

National charter · OCC · 1 branch

Q2 2026

$1.6BAssets
$1.2BLoans
$1.4BDeposits
$145.7MEquity
Loan mix
56%RE $660.4M23%C&I $274.3M21%Consumer $244.2MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $1.3B13%Noninterest $0.2BQ2 2025Q2 2026

NIM

5.27%Q2 ’244.58%Q2 ’255.81%Q2 ’26+1%+49%

Non-interest income vs. expense

3.65%Q2 ’242.95%Q2 ’253.95%Q2 ’26-21%+30%

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 0.0% share · #65 of 151 inst. · $1.4B of $2921.1B

Executive Summary

  • Earnings: ROA of 1.04%, up 38 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.46% of loans (-120 bps YoY), with net recoveries of 0.22%.
  • Capital: tier 1 leverage ratio of 8.22%, up 12 bps from a year ago.
  • Funding: loans stand at 83.69% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.04%+38 bps YoY

Net Interest Margin (YTD, annualized)

3.55%+117 bps YoY

Efficiency Ratio (YTD, annualized)

76.79%-613 bps YoY

Tier 1 Leverage Ratio

8.22%+12 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.66%0.88%2.71%1.40%1.04%+38 bps
Return on Equity8.22%10.95%32.99%15.46%11.48%+326 bps
Net Interest Margin2.38%2.58%2.66%3.43%3.55%+117 bps
Efficiency Ratio82.92%77.62%75.59%75.60%76.79%-613 bps
Non-Interest Burden1.77%1.69%1.64%2.16%2.30%+53 bps
Growth
Asset Growth (YoY)59.75%62.23%82.49%63.18%20.13%-3,962 bps
Loan Growth (YoY)55.72%64.33%72.87%67.07%25.02%-3,070 bps
Deposit Growth (YoY)55.03%58.63%77.59%62.90%20.41%-3,462 bps
Asset Quality
Nonperforming Loans / Loans1.66%1.59%0.55%0.48%0.46%-120 bps
Net Charge-Offs / Loans0.37%0.37%0.57%-0.68%-0.22%-59 bps
Allowance / Loans0.93%0.86%0.83%0.83%0.85%-8 bps
Allowance Coverage of NPLs0.6x0.5x1.5x1.7x1.8x+1.3x
Capital
Tier 1 Leverage Ratio8.09%8.45%8.02%8.06%8.22%+12 bps
Total Risk-Based Capital11.30%11.03%10.83%11.10%11.00%-30 bps
Equity / Assets7.77%8.12%8.79%9.29%9.09%+132 bps
Liquidity & Funding
Loans / Deposits80.61%82.04%78.16%86.11%83.69%+309 bps
Liquid Assets / Assets9.84%4.50%8.12%4.20%7.06%-278 bps
CRE / Total Capitaln/a267%301%322%n/an/a