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Business Bank, The

South Burlington, VT · Cert 59298

State charter, non-member · FDIC · 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=573 to 620). 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

57

Q2 2024Q2 2026peer median (50)

Asset Quality

88

Q2 2024Q2 2026peer median (50)

Profitability

11

Q2 2024Q2 2026peer median (50)

Liquidity

90

Q2 2024Q2 2026peer median

Efficiency

7

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 2026-10-10

Business Bank, The

South Burlington, VT · Cert 59298

State charter, non-member · FDIC · 2 branches

Q2 2026

$352.2MAssets
$237.3MLoans
$310.8MDeposits
$39.2MEquity
Loan mix
83%RE $173.3M17%C&I $34.3M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
97%Interest-bearing $302.8M3%Noninterest $8.0MQ2 2025Q2 2026

NIM

5.02%Q2 ’245.20%Q2 ’255.01%Q2 ’26+20%+21%

Non-interest income vs. expense

2.94%Q2 ’242.30%Q2 ’252.84%Q2 ’26-22%+24%

Market Position · Burlington-South Burlington, VT · 2026 SOD (annual) · 3.4% share · #8 of 15 inst. · $0.3B of $8.2B

3.9% Chittenden
0.2% Rockingham

Executive Summary

  • Earnings: ROA of -0.33%, down 162 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.09% of loans (+9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.40%, up 240 bps from a year ago.
  • Funding: loans stand at 76.35% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.33%-162 bps YoY

Net Interest Margin (YTD, annualized)

2.84%+49 bps YoY

Efficiency Ratio (YTD, annualized)

99.39%+214 bps YoY

Tier 1 Leverage Ratio

12.40%+240 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%0.76%-0.32%-0.15%-0.33%-162 bps
Return on Equity13.66%8.09%-3.23%-1.27%-2.79%-1,645 bps
Net Interest Margin2.35%2.26%2.28%3.05%2.84%+49 bps
Efficiency Ratio97.25%97.69%110.68%99.86%99.39%+214 bps
Non-Interest Burden2.27%2.19%2.53%3.05%2.82%+55 bps
Growth
Asset Growth (YoY)24.16%19.71%10.31%4.81%29.84%+568 bps
Loan Growth (YoY)51.91%42.83%35.80%44.64%57.91%+600 bps
Deposit Growth (YoY)26.73%21.28%6.59%1.20%28.08%+135 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.09%+9 bps
Net Charge-Offs / Loans0.00%0.01%0.01%-0.01%0.00%0 bps
Allowance / Loans0.86%0.88%1.00%1.00%1.04%+18 bps
Allowance Coverage of NPLsn/an/an/an/a11.7xn/an/a
Capital
Tier 1 Leverage Ratio10.01%9.36%11.36%12.45%12.40%+240 bps
Total Risk-Based Capital16.81%15.84%19.88%16.53%15.70%-110 bps
Equity / Assets10.18%9.25%11.80%12.21%11.14%+96 bps
Liquidity & Funding
Loans / Deposits61.93%57.27%74.12%82.71%76.35%+1,442 bps
Liquid Assets / Assets20.23%22.66%23.42%16.15%22.29%+205 bps
CRE / Total Capitaln/a434%408%430%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 2026-10-10

Business Bank, The

South Burlington, VT · Cert 59298 · Peer group: banks under $1B in assets (n=573-620)

State charter, non-member · FDIC · 2 branches

Q2 2026

$352.2MAssets
$237.3MLoans
$310.8MDeposits
$39.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets (rank 162 of 573).
  • Widest gap: efficiency ratio trails 93% of banks under $1B in assets (rank 577 of 620).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

-0.29%

Rank 577 of 620

Net Interest Margin

2.84%

Rank 509 of 620

Efficiency Ratio

99.39%

Rank 577 of 620

Equity / Assets

11.14%

Rank 268 of 620

Non-interest income vs. expense

$0.1M$9.2MINCOMEEXPENSE
Unfavorable gap of $9.1M · efficiency ratio beats 7% of banks under $1B in assets
Bank 99.39%Peer median 68.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.29%0.60%1.00%1.45%Beats 7%577 / 620
Return on Equity-2.57%5.30%9.30%13.29%Beats 7%579 / 620
Net Interest Margin2.84%3.02%3.53%4.04%Beats 18%509 / 620
Efficiency Ratio99.39%58.35%68.08%79.37%Beats 7%577 / 620
Asset Quality
Nonperforming Loans / Loans0.09%0.09%0.47%1.27%Beats 75%144 / 573
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%162 / 573
Capital
Tier 1 Capital Ratio14.74%11.27%13.87%18.78%Beats 57%269 / 620
Total Risk-Based Capital Ratio15.70%11.69%14.57%19.67%Beats 58%260 / 620
Equity / Assets11.14%9.03%10.60%13.73%Beats 57%268 / 620
Liquidity & Funding
Loans / Deposits76.35%65.08%79.69%92.47%44th pctl326 / 585
Loans / Assets67.37%51.85%67.17%77.86%50th pctl307 / 620
Brokered Deposits / Depositsn/aNot reported for this institution