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Zenith Bank & Trust

Scottsdale, AZ · Cert 59318 · VB&T Holding Co. LLC

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=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

85

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

18

Q2 2024Q2 2026peer median (50)

Liquidity

72

Q2 2024Q2 2026peer median

Efficiency

15

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

Zenith Bank & Trust

Scottsdale, AZ · Cert 59318 · VB&T Holding Co. LLC

State charter, non-member · FDIC · 1 branch

Q2 2026

$133.0MAssets
$77.1MLoans
$109.8MDeposits
$21.6MEquity
Loan mix
80%RE $47.5M8%C&I $4.9M12%Consumer $7.0MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $81.0M26%Noninterest $28.7MQ2 2025Q2 2026

NIM

5.32%Q2 ’244.91%Q2 ’254.94%Q2 ’26-15%+8%

Non-interest income vs. expense

3.52%Q2 ’243.21%Q2 ’252.99%Q2 ’26-12%-6%

Market Position · Phoenix-Mesa-Chandler, AZ · 2026 SOD (annual) · 0.1% share · #39 of 55 inst. · $0.1B of $192.0B

Executive Summary

  • Earnings: ROA of 0.08%, up 31 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 17.91%, down 128 bps from a year ago.
  • Funding: loans stand at 70.22% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.08%+31 bps YoY

Net Interest Margin (YTD, annualized)

3.27%+23 bps YoY

Efficiency Ratio (YTD, annualized)

87.99%-1,234 bps YoY

Tier 1 Leverage Ratio

17.91%-128 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.24%-0.14%-0.09%0.11%0.08%+31 bps
Return on Equity-1.17%-0.73%-0.47%0.57%0.43%+160 bps
Net Interest Margin3.04%3.08%3.22%3.35%3.27%+23 bps
Efficiency Ratio100.33%94.69%91.25%91.92%87.99%-1,234 bps
Non-Interest Burden3.05%2.91%2.93%3.07%2.86%-19 bps
Growth
Asset Growth (YoY)73.85%77.01%16.06%4.84%21.40%-5,244 bps
Loan Growth (YoY)239%319%103.74%46.50%96.67%-14,201 bps
Deposit Growth (YoY)118.25%120.47%21.69%5.94%27.42%-9,083 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.91%0.98%0.99%0.96%0.91%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio19.19%19.05%19.47%18.75%17.91%-128 bps
Total Risk-Based Capital52.11%40.70%35.12%35.50%29.20%-2,291 bps
Equity / Assets19.64%18.58%20.23%17.60%16.24%-340 bps
Liquidity & Funding
Loans / Deposits45.49%55.24%63.22%59.89%70.22%+2,473 bps
Liquid Assets / Assets57.81%50.65%46.97%48.48%38.83%-1,899 bps
CRE / Total Capitaln/a117.09%116.83%138.63%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

Zenith Bank & Trust

Scottsdale, AZ · Cert 59318 · Peer group: banks under $1B in assets (n=573-620) · VB&T Holding Co. LLC

State charter, non-member · FDIC · 1 branch

Q2 2026

$133.0MAssets
$77.1MLoans
$109.8MDeposits
$21.6MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets (rank 81 of 573).
  • Widest gap: return on equity trails 91% of banks under $1B in assets (rank 567 of 620).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.07%

Rank 567 of 620

Net Interest Margin

3.27%

Rank 392 of 620

Efficiency Ratio

87.99%

Rank 529 of 620

Equity / Assets

16.24%

Rank 114 of 620

Non-interest income vs. expense

$0.2M$3.6MINCOMEEXPENSE
Unfavorable gap of $3.5M · efficiency ratio beats 15% of banks under $1B in assets
Bank 87.99%Peer median 68.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.07%0.60%1.00%1.45%Beats 9%567 / 620
Return on Equity0.43%5.30%9.30%13.29%Beats 9%567 / 620
Net Interest Margin3.27%3.02%3.53%4.04%Beats 37%392 / 620
Efficiency Ratio87.99%58.35%68.08%79.37%Beats 15%529 / 620
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.47%1.27%Beats 100%81 / 573
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%162 / 573
Capital
Tier 1 Capital Ratio28.25%11.27%13.87%18.78%Beats 87%82 / 620
Total Risk-Based Capital Ratio29.20%11.69%14.57%19.67%Beats 87%80 / 620
Equity / Assets16.24%9.03%10.60%13.73%Beats 82%114 / 620
Liquidity & Funding
Loans / Deposits70.22%65.08%79.69%92.47%33rd pctl393 / 585
Loans / Assets57.95%51.85%67.17%77.86%33rd pctl416 / 620
Brokered Deposits / Depositsn/aNot reported for this institution