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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=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

57

Q2 2024Q2 2026peer median (50)

Asset Quality

88

Q2 2024Q2 2026peer median (50)

Profitability

11

Q2 2024Q2 2026peer median (50)

Liquidity

86

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 2026-10-11

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 $0.0MQ3 2024Q2 2026
Deposit mix
97%Interest-bearing $302.8M3%Noninterest $8.0MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-1.05%-0.94%0.02%1.29%0.76%-0.32%-0.15%-0.33%-162 bps
Return on Equity-7.94%-7.72%0.23%13.66%8.09%-3.23%-1.27%-2.79%-1,645 bps
Net Interest Margin1.69%1.68%2.24%2.35%2.26%2.28%3.05%2.84%+49 bps
Efficiency Ratio142.29%132.35%95.71%97.25%97.69%110.68%99.86%99.39%+214 bps
Non-Interest Burden2.42%2.23%2.14%2.27%2.19%2.53%3.05%2.82%+55 bps
Growth
Asset Growth (YoY)92.23%64.07%61.12%24.16%19.71%10.31%4.81%29.84%+568 bps
Loan Growth (YoY)109.31%77.68%68.92%51.91%42.83%35.80%44.64%57.91%+600 bps
Deposit Growth (YoY)117.64%81.60%73.53%26.73%21.28%6.59%1.20%28.08%+135 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%+9 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%0.01%-0.01%0.00%0 bps
Allowance / Loans0.79%0.80%0.82%0.86%0.88%1.00%1.00%1.04%+18 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a11.7xn/an/a
Capital
Tier 1 Leverage Ratio10.91%9.77%9.26%10.01%9.36%11.36%12.45%12.40%+240 bps
Total Risk-Based Capital10.91%17.58%17.83%16.81%15.84%19.88%16.53%15.70%-110 bps
Equity / Assets10.40%9.08%9.11%10.18%9.25%11.80%12.21%11.14%+96 bps
Liquidity & Funding
Loans / Deposits48.63%58.18%57.87%61.93%57.27%74.12%82.71%76.35%+1,442 bps
Liquid Assets / Assets26.77%17.71%17.20%20.23%22.66%23.42%16.15%22.29%+205 bps
CRE / Total Capitaln/an/an/an/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 2026-10-11

Business Bank, The

South Burlington, VT · Cert 59298 · Peer group: banks under $1B in assets (n=581-629)

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 158 of 581).
  • Widest gap: efficiency ratio trails 93% of banks under $1B in assets (rank 584 of 629).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

-0.29%

Rank 585 of 629

Net Interest Margin

2.84%

Rank 517 of 629

Efficiency Ratio

99.39%

Rank 584 of 629

Equity / Assets

11.14%

Rank 278 of 629

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 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets-0.29%0.60%1.01%1.45%Beats 7%585 / 629
Return on Equity-2.57%5.38%9.30%13.28%Beats 7%586 / 629
Net Interest Margin2.84%3.03%3.54%4.05%Beats 18%517 / 629
Efficiency Ratio99.39%58.35%67.79%79.08%Beats 7%584 / 629
Asset Quality
Nonperforming Loans / Loans0.09%0.09%0.46%1.20%Beats 75%146 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%158 / 581
Capital
Tier 1 Capital Ratio14.74%11.24%13.84%18.77%Beats 57%268 / 629
Total Risk-Based Capital Ratio15.70%11.58%14.43%19.66%Beats 59%259 / 629
Equity / Assets11.14%9.09%10.65%13.80%Beats 56%278 / 629
Liquidity & Funding
Loans / Deposits76.35%67.24%80.90%93.48%43rd pctl341 / 594
Loans / Assets67.37%53.31%67.71%78.15%49th pctl323 / 629
Brokered Deposits / Depositsn/aNot reported for this institution