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Arrow Bank National Association

Glens Falls, NY · Cert 7074 · Arrow Financial Corp.

National charter · OCC · 38 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

41

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

47

Q2 2024Q2 2026peer median

Efficiency

45

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

Arrow Bank National Association

Glens Falls, NY · Cert 7074 · Arrow Financial Corp.

National charter · OCC · 38 branches

Q2 2026

$4.5BAssets
$3.5BLoans
$3.7BDeposits
$423.2MEquity
Loan mix
65%RE $2.2B4%C&I $0.1B31%Consumer $1.1BQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $2.9B20%Noninterest $0.7BQ2 2025Q2 2026

NIM

4.39%Q2 ’244.69%Q2 ’254.85%Q2 ’26+17%+11%

Non-interest income vs. expense

2.50%Q2 ’242.37%Q2 ’252.44%Q2 ’26+4%+1%

Market Position · Glens Falls, NY · 2026 SOD (annual) · 60.4% share · #1 of 10 inst. · $2.4B of $4.1B

59.9% Warren
9.8% Saratoga
62.3% Washington
10.9% Clinton

Executive Summary

  • Earnings: ROA of 1.11%, up 31 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.24% of loans (+6 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 9.33%, up 6 bps from a year ago.
  • Funding: loans stand at 95.12% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.11%+31 bps YoY

Net Interest Margin (YTD, annualized)

3.30%+32 bps YoY

Efficiency Ratio (YTD, annualized)

60.50%-436 bps YoY

Tier 1 Leverage Ratio

9.33%+6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.91%1.00%1.22%1.11%+31 bps
Return on Equity8.61%9.87%10.74%12.53%11.47%+286 bps
Net Interest Margin2.97%3.00%2.99%3.30%3.30%+32 bps
Efficiency Ratio64.86%62.87%61.82%59.76%60.50%-436 bps
Non-Interest Burden1.68%1.62%1.57%1.66%1.69%+1 bps
Growth
Asset Growth (YoY)32.48%30.23%2.95%1.36%1.16%-3,132 bps
Loan Growth (YoY)43.53%45.47%1.72%0.65%2.10%-4,143 bps
Deposit Growth (YoY)33.49%31.50%2.92%1.17%-6.46%-3,995 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.18%0.24%0.13%0.24%+6 bps
Net Charge-Offs / Loans0.29%0.23%0.19%0.09%0.09%-21 bps
Allowance / Loans1.00%0.99%0.99%0.99%1.03%+4 bps
Allowance Coverage of NPLs5.5x5.4x4.1x7.7x4.4x-1.1x
Capital
Tier 1 Leverage Ratio9.26%9.24%9.26%9.62%9.33%+6 bps
Total Risk-Based Capital14.02%14.31%14.27%14.53%13.87%-15 bps
Equity / Assets9.27%9.08%9.71%9.72%9.50%+23 bps
Liquidity & Funding
Loans / Deposits87.15%83.94%87.64%85.66%95.12%+797 bps
Liquid Assets / Assets6.77%9.05%5.70%7.15%4.96%-180 bps
CRE / Total Capitaln/a208%206%199.65%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

Arrow Bank National Association

Glens Falls, NY · Cert 7074 · Peer group: banks $1B-$10B in assets (n=322-328) · Arrow Financial Corp.

National charter · OCC · 38 branches

Q2 2026

$4.5BAssets
$3.5BLoans
$3.7BDeposits
$423.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 75% of banks $1B-$10B in assets (rank 81 of 322).
  • Widest gap: net charge-offs / loans trails 73% of banks $1B-$10B in assets (rank 236 of 322).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

1.11%

Rank 200 of 328

Net Interest Margin

3.30%

Rank 197 of 328

Efficiency Ratio

60.66%

Rank 180 of 328

Equity / Assets

9.50%

Rank 219 of 328

Non-interest income vs. expense

$33.1M$107.9MINCOMEEXPENSE
Unfavorable gap of $74.8M · efficiency ratio beats 45% of banks $1B-$10B in assets
Bank 60.66%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.11%0.91%1.22%1.52%Beats 39%200 / 328
Return on Equity11.66%8.43%11.45%14.43%Beats 52%158 / 328
Net Interest Margin3.30%3.03%3.45%3.83%Beats 40%197 / 328
Efficiency Ratio60.66%51.61%59.56%67.53%Beats 45%180 / 328
Asset Quality
Nonperforming Loans / Loans0.24%0.24%0.51%1.03%Beats 75%81 / 322
Net Charge-Offs / Loans0.10%0.01%0.03%0.10%Beats 27%236 / 322
Capital
Tier 1 Capital Ratio12.71%11.75%13.15%15.47%Beats 44%185 / 328
Total Risk-Based Capital Ratio13.87%12.63%14.15%16.46%Beats 47%175 / 328
Equity / Assets9.50%9.15%10.33%12.01%Beats 33%219 / 328
Liquidity & Funding
Loans / Deposits95.12%76.63%87.92%95.36%73rd pctl86 / 323
Loans / Assets78.45%65.18%74.15%79.98%69th pctl103 / 328
Brokered Deposits / Depositsn/aNot reported for this institution