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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

$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

5.11%Q2 ’245.07%Q2 ’255.08%Q2 ’26+26%+7%

Non-interest income vs. expense

1.94%Q2 ’242.04%Q2 ’252.21%Q2 ’26+6%+11%

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 0.82%, unchanged from a year ago; NIM at 2.86%.
  • Asset quality: problem loans at 0.78% of loans (+2 bps YoY), with net charge-offs at 0.03%.
  • 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 (quarter, annualized)

0.82%0 bps YoY

Net Interest Margin (quarter, annualized)

2.86%+18 bps YoY

Efficiency Ratio (quarter, annualized)

68.23%+172 bps YoY

Tier 1 Leverage Ratio

8.82%+41 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.58%0.94%0.77%0.82%0 bps
Return on Equity18.51%12.09%18.22%14.51%14.53%-399 bps
Net Interest Margin2.68%2.86%2.83%2.87%2.86%+18 bps
Efficiency Ratio66.51%77.84%64.17%71.05%68.23%+172 bps
Non-Interest Burden1.65%2.15%1.67%1.93%1.83%+18 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%0.01%0.01%0.03%+3 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