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Letter portraitLegal landscapeQuarterYTD

Savings Bank of Mendocino County

Ukiah, CA · Cert 8011

State charter, non-member · FDIC · 9 branches

Q2 2026

$1.3BAssets
$749.1MLoans
$1.0BDeposits
$185.2MEquity
Loan mix
88%RE $650.6M8%C&I $59.0M4%Consumer $32.8MQ3 2024Q2 2026
Deposit mix
66%Interest-bearing $682.4M34%Noninterest $355.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.14%, up 24 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.36% of loans (+34 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 17.93%, up 113 bps from a year ago.
  • Funding: loans stand at 72.21% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.14%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+47 bps YoY

Efficiency Ratio (YTD, annualized)

60.49%-517 bps YoY

Tier 1 Leverage Ratio

17.93%+113 bps YoY

NIM

3.81%Q2 ’244.02%Q2 ’254.22%Q2 ’26+0%+16%

Non-interest income vs. expense

2.15%Q2 ’242.20%Q2 ’252.27%Q2 ’26-2%+8%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.87%0.83%0.82%0.90%0.91%0.96%1.08%1.14%+24 bps
Return on Equity7.25%6.93%6.81%7.43%7.36%7.65%7.90%8.15%+72 bps
Net Interest Margin2.95%2.95%2.91%2.96%3.02%3.06%3.37%3.43%+47 bps
Efficiency Ratio66.34%68.52%67.33%65.66%65.53%67.24%61.56%60.49%-517 bps
Non-Interest Burden1.85%1.92%1.85%1.81%1.85%1.95%1.95%1.95%+14 bps
Growth
Asset Growth (YoY)1.80%0.87%0.57%0.90%2.94%2.58%-1.45%-3.33%-423 bps
Loan Growth (YoY)2.28%5.52%3.63%4.95%4.80%1.69%0.97%-1.76%-671 bps
Deposit Growth (YoY)-6.95%-3.62%0.52%3.07%3.59%1.44%1.74%1.38%-169 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.04%0.02%0.02%0.02%0.04%0.36%0.36%+34 bps
Net Charge-Offs / Loans-0.01%0.00%-0.01%0.00%0.00%0.00%0.00%-0.01%-1 bps
Allowance / Loans2.59%2.50%2.49%2.43%2.47%2.46%2.46%2.48%+4 bps
Allowance Coverage of NPLs14.9x56.6x128.1x123.8x125.5x59.2x6.8x6.9x-116.9x
Capital
Tier 1 Leverage Ratio16.50%16.47%16.62%16.80%16.72%16.78%17.43%17.93%+113 bps
Total Risk-Based Capital16.50%16.47%16.62%16.80%16.72%16.78%17.43%17.93%+113 bps
Equity / Assets12.76%11.88%12.21%12.20%12.99%13.58%13.83%14.42%+221 bps
Liquidity & Funding
Loans / Deposits71.00%73.00%72.88%74.52%71.83%73.18%72.32%72.21%-230 bps
Liquid Assets / Assets0.96%0.82%1.13%1.45%4.61%3.63%1.27%0.97%-47 bps
CRE / Total Capitaln/an/an/an/a238%238%237%n/an/a