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Square Financial Services, Inc.

Salt Lake City, UT · Cert 59177

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 $1B-$10B 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 $1B-$10B in assets (n=322 to 328). 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

98

Q2 2024Q2 2026peer median (50)

Asset Quality

20

Q2 2024Q2 2026peer median (50)

Profitability

99

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

99

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

Square Financial Services, Inc.

Salt Lake City, UT · Cert 59177

State charter, non-member · FDIC · 1 branch

Q2 2026

$2.1BAssets
$1.4BLoans
$559.3MDeposits
$1.4BEquity
Loan mix
0%RE $0.0M38%C&I $434.0M62%Consumer $702.3MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $468.0M16%Noninterest $91.3MQ2 2025Q2 2026

NIM

15.35%Q2 ’2416.40%Q2 ’2534.98%Q2 ’26+9%+118%

Non-interest income vs. expense

18.73%Q2 ’2414.76%Q2 ’2510.41%Q2 ’26+11%-28%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.0% share · #27 of 57 inst. · $0.6B of $1175.7B

Executive Summary

  • Earnings: ROA of 37.85%, up 1,409 bps year over year; NIM at 34.70%.
  • Asset quality: problem loans at 0.67% of loans (-56 bps YoY), with net charge-offs at 12.31%.
  • Capital: tier 1 leverage ratio of 65.19%, down 65 bps from a year ago.
  • Funding: loans stand at 248.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

37.85%+1,409 bps YoY

Net Interest Margin (YTD, annualized)

34.70%+1,876 bps YoY

Efficiency Ratio (YTD, annualized)

15.44%-1,523 bps YoY

Tier 1 Leverage Ratio

65.19%-65 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets23.76%29.09%31.51%38.77%37.85%+1,409 bps
Return on Equity37.64%46.25%51.08%63.00%59.97%+2,233 bps
Net Interest Margin15.94%18.35%18.93%34.83%34.70%+1,876 bps
Efficiency Ratio30.67%26.91%22.58%14.59%15.44%-1,523 bps
Non-Interest Burden-17.42%-17.73%-16.84%-24.68%-22.29%-487 bps
Growth
Asset Growth (YoY)41.69%53.54%81.96%77.47%77.91%+3,622 bps
Loan Growth (YoY)106.14%141.95%122.08%134.98%124.06%+1,792 bps
Deposit Growth (YoY)44.96%44.35%66.03%50.11%50.77%+581 bps
Asset Quality
Nonperforming Loans / Loans1.23%1.20%1.16%0.97%0.67%-56 bps
Net Charge-Offs / Loans4.05%3.09%3.37%12.83%12.31%+826 bps
Allowance / Loans4.68%4.93%6.80%7.30%7.61%+293 bps
Allowance Coverage of NPLs3.8x4.1x5.8x7.6x11.4x+7.6x
Capital
Tier 1 Leverage Ratio65.84%67.03%60.58%61.54%65.19%-65 bps
Total Risk-Based Capital108.74%100.57%96.42%101.16%97.31%-1,142 bps
Equity / Assets62.35%62.39%58.51%64.39%65.80%+345 bps
Liquidity & Funding
Loans / Deposits167.53%189.21%197.31%230%249%+8,144 bps
Liquid Assets / Assets41.55%36.61%32.24%34.52%29.90%-1,164 bps
CRE / Total Capitaln/a0.00%0.00%0.00%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

Square Financial Services, Inc.

Salt Lake City, UT · Cert 59177 · Peer group: banks $1B-$10B in assets (n=322-328)

State charter, non-member · FDIC · 1 branch

Q2 2026

$2.1BAssets
$1.4BLoans
$559.3MDeposits
$1.4BEquity

Executive Summary

  • Strongest standing: return on assets outperforms 100% of banks $1B-$10B in assets (rank 1 of 328).
  • Widest gap: net charge-offs / loans trails 100% of banks $1B-$10B in assets (rank 322 of 322).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

34.07%

Rank 1 of 328

Net Interest Margin

34.70%

Rank 2 of 328

Efficiency Ratio

15.44%

Rank 4 of 328

Equity / Assets

65.80%

Rank 5 of 328

Non-interest income vs. expense

$679.2M$216.2MINCOMEEXPENSE
Favorable gap of $463.0M · efficiency ratio beats 99% of banks $1B-$10B in assets
Bank 15.44%Peer median 59.6%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets34.07%0.91%1.22%1.52%Beats 100%1 / 328
Return on Equity51.78%8.43%11.45%14.43%Beats 99%2 / 328
Net Interest Margin34.70%3.03%3.45%3.83%Beats 99%2 / 328
Efficiency Ratio15.44%51.61%59.56%67.53%Beats 99%4 / 328
Asset Quality
Nonperforming Loans / Loans0.67%0.24%0.51%1.03%Beats 39%197 / 322
Net Charge-Offs / Loans6.95%0.01%0.03%0.10%Beats 0%322 / 322
Capital
Tier 1 Capital Ratio95.99%11.75%13.15%15.47%Beats 98%5 / 328
Total Risk-Based Capital Ratio97.31%12.63%14.15%16.46%Beats 98%5 / 328
Equity / Assets65.80%9.15%10.33%12.01%Beats 98%5 / 328
Liquidity & Funding
Loans / Deposits249%76.63%87.92%95.36%99th pctl2 / 323
Loans / Assets67.70%65.18%74.15%79.98%30th pctl228 / 328
Brokered Deposits / Depositsn/aNot reported for this institution