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Peoples Bank

Bellingham, WA · Cert 6158 · Peoples Bcorp

State charter, non-member · FDIC · 23 branches

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

59

Q2 2024Q2 2026peer median (50)

Asset Quality

88

Q2 2024Q2 2026peer median (50)

Profitability

41

Q2 2024Q2 2026peer median (50)

Liquidity

62

Q2 2024Q2 2026peer median

Efficiency

13

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

Peoples Bank

Bellingham, WA · Cert 6158 · Peoples Bcorp

State charter, non-member · FDIC · 23 branches

Q2 2026

$2.4BAssets
$1.9BLoans
$2.1BDeposits
$322.5MEquity
Loan mix
85%RE $1.6B5%C&I $0.1B10%Consumer $0.2BQ3 2024Q2 2026
Deposit mix
68%Interest-bearing $1.4B32%Noninterest $0.7BQ3 2024Q2 2026

Market Position · Bellingham, WA · 2026 SOD (annual) · 23.6% share · #1 of 14 inst. · $1.2B of $5.1B

23.6% Whatcom
10.8% Skagit
1.0% Snohomish
0.1% King

Executive Summary

  • Earnings: ROA of 0.96%, up 10 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.11% of loans (-3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.27%, up 68 bps from a year ago.
  • Funding: loans stand at 93.02% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.96%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.91%+16 bps YoY

Efficiency Ratio (YTD, annualized)

73.70%-30 bps YoY

Tier 1 Leverage Ratio

13.27%+68 bps YoY

NIM

4.84%Q2 ’244.99%Q2 ’255.11%Q2 ’26+7%+4%

Non-interest income vs. expense

3.25%Q2 ’243.16%Q2 ’253.26%Q2 ’26-4%+4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.68%0.86%0.81%0.86%0.95%1.00%0.84%0.96%+10 bps
Return on Equity5.75%7.22%6.67%6.97%7.72%8.04%6.66%7.44%+47 bps
Net Interest Margin3.51%3.51%3.67%3.75%3.85%3.85%3.72%3.91%+16 bps
Efficiency Ratio79.00%72.96%75.72%74.00%71.72%70.84%75.26%73.70%-30 bps
Non-Interest Burden2.66%2.43%2.66%2.64%2.61%2.57%2.69%2.74%+10 bps
Growth
Asset Growth (YoY)-0.55%2.41%2.64%0.95%1.77%-0.23%3.25%0.16%-79 bps
Loan Growth (YoY)5.91%5.08%2.84%3.24%2.24%1.19%0.02%-2.43%-567 bps
Deposit Growth (YoY)-1.61%1.79%2.34%0.26%1.29%-0.81%2.84%-0.71%-98 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.09%0.13%0.14%0.08%0.08%0.08%0.11%-3 bps
Net Charge-Offs / Loans0.01%0.01%-0.01%0.01%0.02%0.02%0.00%0.00%-1 bps
Allowance / Loans1.49%1.49%1.49%1.48%1.49%1.50%1.52%1.50%+3 bps
Allowance Coverage of NPLs14.7x16.5x11.4x10.4x18.8x19.9x17.9x13.9x+3.5x
Capital
Tier 1 Leverage Ratio12.36%12.48%12.28%12.59%12.70%12.78%12.56%13.27%+68 bps
Total Risk-Based Capital12.36%12.48%12.28%12.59%12.70%12.78%12.56%13.27%+68 bps
Equity / Assets12.10%12.18%12.16%12.50%12.53%12.74%12.58%13.33%+84 bps
Liquidity & Funding
Loans / Deposits91.89%90.81%91.88%94.66%92.75%92.64%89.36%93.02%-164 bps
Liquid Assets / Assets6.25%8.44%8.12%7.01%10.15%11.52%15.42%12.62%+561 bps
CRE / Total Capitaln/an/an/an/a345%341%335%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

Peoples Bank

Bellingham, WA · Cert 6158 · Peer group: banks $1B-$10B in assets (n=322-328) · Peoples Bcorp

State charter, non-member · FDIC · 23 branches

Q2 2026

$2.4BAssets
$1.9BLoans
$2.1BDeposits
$322.5MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 89% of banks $1B-$10B in assets (rank 35 of 322).
  • Widest gap: efficiency ratio trails 87% of banks $1B-$10B in assets (rank 286 of 328).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.98%

Rank 235 of 328

Net Interest Margin

3.91%

Rank 72 of 328

Efficiency Ratio

73.70%

Rank 286 of 328

Equity / Assets

13.33%

Rank 46 of 328

Non-interest income vs. expense

$12.7M$79.5MINCOMEEXPENSE
Unfavorable gap of $66.8M · efficiency ratio beats 13% of banks $1B-$10B in assets
Bank 73.70%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.98%0.91%1.22%1.52%Beats 28%235 / 328
Return on Equity7.32%8.43%11.45%14.43%Beats 17%272 / 328
Net Interest Margin3.91%3.03%3.45%3.83%Beats 78%72 / 328
Efficiency Ratio73.70%51.61%59.56%67.53%Beats 13%286 / 328
Asset Quality
Nonperforming Loans / Loans0.11%0.24%0.51%1.03%Beats 87%43 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 89%35 / 322
Capital
Tier 1 Capital Ratio13.27%11.75%13.15%15.47%Beats 53%154 / 328
Total Risk-Based Capital Ratio13.27%12.63%14.15%16.46%Beats 37%208 / 328
Equity / Assets13.33%9.15%10.33%12.01%Beats 86%46 / 328
Liquidity & Funding
Loans / Deposits93.02%76.63%87.92%95.36%69th pctl100 / 323
Loans / Assets80.03%65.18%74.15%79.98%76th pctl80 / 328
Brokered Deposits / Depositsn/aNot reported for this institution