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MI Bank

Bloomfield Township, MI · Cert 59138 · MI Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

20

Q2 2024Q2 2026peer median (50)

Asset Quality

84

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

25

Q2 2024Q2 2026peer median

Efficiency

53

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

MI Bank

Bloomfield Township, MI · Cert 59138 · MI Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$245.5MAssets
$209.3MLoans
$220.9MDeposits
$22.8MEquity
Loan mix
67%RE $108.7M33%C&I $54.4M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $190.2M14%Noninterest $30.7MQ2 2025Q2 2026

NIM

5.47%Q2 ’245.78%Q2 ’256.07%Q2 ’26+4%+16%

Non-interest income vs. expense

2.23%Q2 ’242.18%Q2 ’252.26%Q2 ’26+9%+2%

Market Position · Detroit-Warren-Dearborn, MI · 2026 SOD (annual) · 0.1% share · #21 of 37 inst. · $0.2B of $183.9B

Executive Summary

  • Earnings: ROA of 0.92%, up 166 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.19% of loans (-220 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.14%, up 99 bps from a year ago.
  • Funding: loans stand at 94.73% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.92%+166 bps YoY

Net Interest Margin (YTD, annualized)

3.47%+49 bps YoY

Efficiency Ratio (YTD, annualized)

63.62%-818 bps YoY

Tier 1 Leverage Ratio

9.14%+99 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.74%-0.32%-0.64%0.97%0.92%+166 bps
Return on Equity-9.07%-3.88%-7.83%12.20%10.92%+1,999 bps
Net Interest Margin2.98%2.95%3.03%3.52%3.47%+49 bps
Efficiency Ratio71.80%69.67%70.00%61.40%63.62%-818 bps
Non-Interest Burden2.11%2.02%2.09%2.12%2.16%+5 bps
Growth
Asset Growth (YoY)9.46%1.89%6.11%-1.57%-2.36%-1,182 bps
Loan Growth (YoY)12.10%4.14%-1.27%2.36%-0.43%-1,252 bps
Deposit Growth (YoY)10.61%2.11%6.93%-1.72%-3.26%-1,387 bps
Asset Quality
Nonperforming Loans / Loans2.39%2.41%0.21%0.21%0.19%-220 bps
Net Charge-Offs / Loans0.00%0.00%2.21%0.00%0.00%0 bps
Allowance / Loans2.20%2.36%1.13%1.18%1.12%-108 bps
Allowance Coverage of NPLs0.9x1.0x5.4x5.7x5.9x+5.0x
Capital
Tier 1 Leverage Ratio8.16%7.75%7.96%8.49%9.14%+99 bps
Total Risk-Based Capital10.57%10.78%10.85%11.55%11.24%+67 bps
Equity / Assets8.35%8.79%7.39%8.66%9.30%+95 bps
Liquidity & Funding
Loans / Deposits92.03%94.20%75.53%85.08%94.73%+269 bps
Liquid Assets / Assets12.43%10.85%26.47%18.67%10.35%-208 bps
CRE / Total Capitaln/a524%491%465%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

MI Bank

Bloomfield Township, MI · Cert 59138 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · MI Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$245.5MAssets
$209.3MLoans
$220.9MDeposits
$22.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 185 of 743).
  • Widest gap: tier 1 capital ratio trails 90% of banks under $1B in assets operating in a single state (rank 675 of 746).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.99%

Rank 413 of 746

Net Interest Margin

3.47%

Rank 463 of 746

Efficiency Ratio

63.62%

Rank 350 of 746

Equity / Assets

9.30%

Rank 516 of 746

Non-interest income vs. expense

$0.2M$5.6MINCOMEEXPENSE
Unfavorable gap of $5.4M · efficiency ratio beats 53% of banks under $1B in assets operating in a single state
Bank 63.62%Peer median 64.6%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.99%0.72%1.06%1.45%Beats 45%413 / 746
Return on Equity10.63%6.74%10.51%13.63%Beats 51%365 / 746
Net Interest Margin3.47%3.17%3.68%4.16%Beats 38%463 / 746
Efficiency Ratio63.62%55.74%64.58%75.47%Beats 53%350 / 746
Asset Quality
Nonperforming Loans / Loans0.19%0.09%0.42%1.07%Beats 67%245 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio10.11%11.55%13.75%17.60%Beats 10%675 / 746
Total Risk-Based Capital Ratio11.24%11.71%14.33%18.43%Beats 20%595 / 746
Equity / Assets9.30%8.90%10.51%13.06%Beats 31%516 / 746
Liquidity & Funding
Loans / Deposits94.73%61.31%78.27%90.78%83rd pctl125 / 746
Loans / Assets85.24%53.60%66.97%76.08%96th pctl33 / 746
Brokered Deposits / Depositsn/aNot reported for this institution