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Thrivent Bank

Salt Lake City, UT · Cert 59286

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 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

91

Q2 2025Q2 2026peer median (50)

Asset Quality

34

Q2 2025Q2 2026peer median (50)

Profitability

34

Q2 2025Q2 2026peer median (50)

Liquidity

0

Q2 2025Q2 2026peer median

Efficiency

4

Q2 2025Q2 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

Thrivent Bank

Salt Lake City, UT · Cert 59286

State charter, non-member · FDIC · 1 branch

Q2 2026

$905.6MAssets
$574.2MLoans
$548.1MDeposits
$332.4MEquity
Loan mix
75%RE $430.8M4%C&I $20.5M22%Consumer $125.8MQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $548.1M0%Noninterest $0.0MQ2 2025Q2 2026

NIM

1.02%Q2 ’255.76%Q2 ’26+448%

Non-interest income vs. expense

8.72%Q2 ’256.81%Q2 ’26-25%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.0% share · #28 of 57 inst. · $0.5B of $1175.7B

Executive Summary

  • Earnings: ROA of -1.62%, up 475 bps year over year; NIM at 4.75%.
  • Asset quality: problem loans at 0.26% of loans (+3 bps YoY), with net charge-offs at 0.28%.
  • Capital: tier 1 leverage ratio of 29.76%, up 179 bps from a year ago.
  • Funding: loans stand at 104.78% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-1.62%+475 bps YoY

Net Interest Margin (YTD, annualized)

4.75%+389 bps YoY

Efficiency Ratio (YTD, annualized)

128.94%-17,825 bps YoY

Tier 1 Leverage Ratio

29.76%+179 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-6.37%-4.34%-3.48%-0.55%-1.62%+475 bps
Return on Equity-20.30%-13.25%-10.12%-1.58%-4.59%+1,571 bps
Net Interest Margin0.87%2.22%2.86%4.74%4.75%+389 bps
Efficiency Ratio307%142.85%122.34%103.42%128.94%-17,825 bps
Non-Interest Burden8.67%7.26%6.69%5.15%6.46%-221 bps
Growth
Asset Growth (YoY)n/an/an/an/a-16.77%n/an/a
Loan Growth (YoY)n/an/an/an/a3.60%n/an/a
Deposit Growth (YoY)n/an/an/an/a-14.56%n/an/a
Asset Quality
Nonperforming Loans / Loans0.23%0.21%0.25%0.25%0.26%+3 bps
Net Charge-Offs / Loans0.05%0.25%0.23%0.30%0.28%+23 bps
Allowance / Loans0.54%0.42%0.46%0.45%0.47%-6 bps
Allowance Coverage of NPLs2.4x2.0x1.8x1.8x1.8x-0.5x
Capital
Tier 1 Leverage Ratio27.97%28.19%29.22%29.28%29.76%+179 bps
Total Risk-Based Capital58.47%58.54%56.58%56.28%56.04%-242 bps
Equity / Assets31.36%32.73%34.33%35.16%36.71%+534 bps
Liquidity & Funding
Loans / Deposits86.42%92.08%94.70%96.96%104.78%+1,836 bps
Liquid Assets / Assets32.78%30.39%26.31%17.73%13.35%-1,943 bps
CRE / Total Capitaln/a68.86%64.89%66.81%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

Thrivent Bank

Salt Lake City, UT · Cert 59286 · Peer group: banks under $1B in assets (n=581-629)

State charter, non-member · FDIC · 1 branch

Q2 2026

$905.6MAssets
$574.2MLoans
$548.1MDeposits
$332.4MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 93% of banks under $1B in assets (rank 41 of 629).
  • Widest gap: return on assets trails 97% of banks under $1B in assets (rank 608 of 629).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

-1.71%

Rank 608 of 629

Net Interest Margin

4.75%

Rank 41 of 629

Efficiency Ratio

135.46%

Rank 606 of 629

Equity / Assets

36.71%

Rank 53 of 629

Non-interest income vs. expense

$3.7M$73.2MINCOMEEXPENSE
Unfavorable gap of $69.5M · efficiency ratio beats 4% of banks under $1B in assets
Bank 135.46%Peer median 67.8%Q4 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-1.71%0.60%1.01%1.45%Beats 3%608 / 629
Return on Equity-4.67%5.38%9.30%13.28%Beats 6%594 / 629
Net Interest Margin4.75%3.03%3.54%4.05%Beats 93%41 / 629
Efficiency Ratio135.46%58.35%67.79%79.08%Beats 4%606 / 629
Asset Quality
Nonperforming Loans / Loans0.26%0.09%0.46%1.20%Beats 60%236 / 581
Net Charge-Offs / Loans0.23%n/a0.01%0.06%Beats 8%535 / 581
Capital
Tier 1 Capital Ratio55.55%11.24%13.84%18.77%Beats 91%55 / 629
Total Risk-Based Capital Ratio56.04%11.58%14.43%19.66%Beats 91%55 / 629
Equity / Assets36.71%9.09%10.65%13.80%Beats 92%53 / 629
Liquidity & Funding
Loans / Deposits104.78%67.24%80.90%93.48%92nd pctl49 / 594
Loans / Assets63.41%53.31%67.71%78.15%42nd pctl367 / 629
Brokered Deposits / Depositsn/aNot reported for this institution