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Bath State Bank

Bath, IN · Cert 8035 · Bath St Bcorp Employee STK Ownership Plan With 401 K Provisions

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Cincinnati, OH-KY-IN area3

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 in the Cincinnati, OH-KY-IN area (n=15). 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

9

Q2 2024Q2 2026peer median (50)

Asset Quality

30

Q2 2024Q2 2026peer median (50)

Profitability

55

Q2 2024Q2 2026peer median (50)

Liquidity

58

Q2 2024Q2 2026peer median

Efficiency

67

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

Bath State Bank

Bath, IN · Cert 8035 · Bath St Bcorp Employee STK Ownership Plan With 401 K Provisions

State charter, non-member · FDIC · 3 branches

Q2 2026

$337.6MAssets
$253.8MLoans
$283.9MDeposits
$20.2MEquity
Loan mix
95%RE $183.4M3%C&I $6.3M2%Consumer $3.9MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $245.8M13%Noninterest $38.1MQ2 2025Q2 2026

NIM

5.02%Q2 ’245.04%Q2 ’255.07%Q2 ’26+26%+9%

Non-interest income vs. expense

1.97%Q2 ’242.09%Q2 ’252.26%Q2 ’26+9%+8%

Market Position · Cincinnati, OH-KY-IN · 2026 SOD (annual) · 0.1% share · #28 of 54 inst. · $0.2B of $187.5B

25.4% Franklin
48.3% Union

Executive Summary

  • Earnings: ROA of 0.79%, up 9 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.78% of loans (+2 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 8.82%, up 41 bps from a year ago.
  • Funding: loans stand at 89.39% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.79%+9 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+25 bps YoY

Efficiency Ratio (YTD, annualized)

69.64%-86 bps YoY

Tier 1 Leverage Ratio

8.82%+41 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.70%0.66%0.73%0.77%0.79%+9 bps
Return on Equity16.17%14.56%15.65%14.51%14.33%-185 bps
Net Interest Margin2.60%2.65%2.65%2.87%2.85%+25 bps
Efficiency Ratio70.50%73.12%70.72%71.05%69.64%-86 bps
Non-Interest Burden1.73%1.84%1.77%1.93%1.87%+14 bps
Growth
Asset Growth (YoY)3.17%3.32%4.83%2.98%4.17%+100 bps
Loan Growth (YoY)4.92%5.91%8.25%5.26%3.82%-109 bps
Deposit Growth (YoY)-4.37%-1.14%-0.97%1.91%3.41%+778 bps
Asset Quality
Nonperforming Loans / Loans0.76%0.61%0.53%0.54%0.78%+2 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.01%0.02%+2 bps
Allowance / Loans1.00%0.97%0.93%0.96%0.96%-4 bps
Allowance Coverage of NPLs1.3x1.6x1.8x1.8x1.2x-0.1x
Capital
Tier 1 Leverage Ratio8.40%8.33%8.28%8.43%8.82%+41 bps
Total Risk-Based Capital12.08%12.01%11.90%12.39%12.88%+80 bps
Equity / Assets4.48%5.05%5.29%5.30%5.98%+150 bps
Liquidity & Funding
Loans / Deposits89.04%91.47%95.06%89.60%89.39%+36 bps
Liquid Assets / Assets0.72%0.33%0.09%0.26%0.56%-17 bps
CRE / Total Capitaln/a117.06%121.87%123.63%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 2026-10-11

Bath State Bank

Bath, IN · Cert 8035 · Peer group: banks under $1B in assets in the Cincinnati, OH-KY-IN area (n=15) · Bath St Bcorp Employee STK Ownership Plan With 401 K Provisions

State charter, non-member · FDIC · 3 branches

Q2 2026

$337.6MAssets
$253.8MLoans
$283.9MDeposits
$20.2MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 93% of banks under $1B in assets in the Cincinnati, OH-KY-IN area (rank 1 of 15).
  • Widest gap: equity / assets trails 100% of banks under $1B in assets in the Cincinnati, OH-KY-IN area (rank 15 of 15).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.79%

Rank 7 of 15

Net Interest Margin

2.85%

Rank 12 of 15

Efficiency Ratio

69.64%

Rank 6 of 15

Equity / Assets

5.98%

Rank 15 of 15

Non-interest income vs. expense

$1.4M$7.9MINCOMEEXPENSE
Unfavorable gap of $6.5M · efficiency ratio beats 67% of banks under $1B in assets in the Cincinnati, OH-KY-IN area
Bank 69.64%Peer median 75.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.79%0.35%0.56%1.05%Beats 53%7 / 15
Return on Equity13.17%1.73%4.99%6.76%Beats 93%1 / 15
Net Interest Margin2.85%2.85%3.21%3.42%Beats 20%12 / 15
Efficiency Ratio69.64%64.82%75.45%88.43%Beats 67%6 / 15
Asset Quality
Nonperforming Loans / Loans0.78%0.12%0.43%1.30%Beats 40%10 / 15
Net Charge-Offs / Loans0.01%n/a0.00%0.00%Beats 20%13 / 15
Capital
Tier 1 Capital Ratio11.89%13.11%14.76%20.06%Beats 13%13 / 15
Total Risk-Based Capital Ratio12.88%14.37%15.36%20.06%Beats 13%13 / 15
Equity / Assets5.98%10.14%11.33%20.42%Beats 0%15 / 15
Liquidity & Funding
Loans / Deposits89.39%80.04%97.18%103.56%33rd pctl10 / 15
Loans / Assets75.18%68.16%75.18%82.63%47th pctl8 / 15
Brokered Deposits / Depositsn/aNot reported for this institution