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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

4.46%Q2 ’244.74%Q2 ’254.85%Q2 ’26+18%+9%

Non-interest income vs. expense

2.47%Q2 ’242.35%Q2 ’252.45%Q2 ’26+4%+4%

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 0.99%, down 1 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.24% of loans (+6 bps YoY), with net charge-offs at 0.08%.
  • 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 (quarter, annualized)

0.99%-1 bps YoY

Net Interest Margin (quarter, annualized)

3.29%+26 bps YoY

Efficiency Ratio (quarter, annualized)

61.25%-199 bps YoY

Tier 1 Leverage Ratio

9.33%+6 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%1.14%1.25%1.22%0.99%-1 bps
Return on Equity10.85%12.37%13.33%12.53%10.30%-55 bps
Net Interest Margin3.03%3.13%3.16%3.30%3.29%+26 bps
Efficiency Ratio63.24%59.16%58.90%59.76%61.25%-199 bps
Non-Interest Burden1.65%1.54%1.55%1.66%1.72%+7 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 / Loans0.49%0.10%0.08%0.09%0.08%-41 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