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State Savings Bank

Frankfort, MI · Cert 8162 · Central-State Bcorp Inc.

State charter, non-member · FDIC · 8 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

7

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

36

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

8

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

State Savings Bank

Frankfort, MI · Cert 8162 · Central-State Bcorp Inc.

State charter, non-member · FDIC · 8 branches

Q2 2026

$431.2MAssets
$326.3MLoans
$391.6MDeposits
$37.0MEquity
Loan mix
92%RE $282.7M8%C&I $24.7M0%Consumer $1.3MQ2 2025Q2 2026
Deposit mix
68%Interest-bearing $264.7M32%Noninterest $126.9MQ2 2025Q2 2026

NIM

5.60%Q2 ’245.54%Q2 ’255.64%Q2 ’26-3%+3%

Non-interest income vs. expense

4.12%Q2 ’244.46%Q2 ’254.45%Q2 ’26+12%-1%

Market Position · Traverse City, MI · 2026 SOD (annual) · 7.1% share · #5 of 13 inst. · $0.3B of $4.8B

51.9% Benzie
2.5% Grand Traverse
9.1% Otsego
7.6% Leelanau

Executive Summary

  • Earnings: ROA of 0.35%, up 13 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.20% of loans (-7 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 8.79%, down 40 bps from a year ago.
  • Funding: loans stand at 83.33% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.35%+13 bps YoY

Net Interest Margin (YTD, annualized)

4.37%+11 bps YoY

Efficiency Ratio (YTD, annualized)

90.77%-288 bps YoY

Tier 1 Leverage Ratio

8.79%-40 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.23%0.31%0.38%0.46%0.35%+13 bps
Return on Equity2.50%3.46%4.35%5.06%3.99%+149 bps
Net Interest Margin4.26%4.01%4.12%4.39%4.37%+11 bps
Efficiency Ratio93.65%91.35%88.72%87.41%90.77%-288 bps
Non-Interest Burden3.95%3.62%3.61%3.76%3.92%-4 bps
Growth
Asset Growth (YoY)13.18%8.68%9.60%5.59%5.30%-788 bps
Loan Growth (YoY)6.42%4.38%12.25%10.61%10.73%+431 bps
Deposit Growth (YoY)14.38%9.34%10.29%5.63%5.37%-901 bps
Asset Quality
Nonperforming Loans / Loans0.28%0.46%0.62%0.52%0.20%-7 bps
Net Charge-Offs / Loans0.02%0.01%0.00%-0.01%-0.01%-2 bps
Allowance / Loans0.86%0.85%0.87%0.87%0.84%-1 bps
Allowance Coverage of NPLs3.1x1.8x1.4x1.7x4.1x+1.0x
Capital
Tier 1 Leverage Ratio9.19%8.52%8.64%9.02%8.79%-40 bps
Total Risk-Based Capital9.19%8.52%8.64%9.02%8.79%-40 bps
Equity / Assets8.64%8.14%8.89%9.19%8.58%-6 bps
Liquidity & Funding
Loans / Deposits79.30%72.82%83.10%85.61%83.33%+403 bps
Liquid Assets / Assets17.15%20.43%9.89%12.42%12.16%-499 bps
CRE / Total Capitaln/a395%416%417%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

State Savings Bank

Frankfort, MI · Cert 8162 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Central-State Bcorp Inc.

State charter, non-member · FDIC · 8 branches

Q2 2026

$431.2MAssets
$326.3MLoans
$391.6MDeposits
$37.0MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 83% of banks under $1B in assets operating in a single state (rank 127 of 746).
  • Widest gap: total risk-based capital ratio trails 99% of banks under $1B in assets operating in a single state (rank 742 of 746).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.34%

Rank 659 of 746

Net Interest Margin

4.37%

Rank 127 of 746

Efficiency Ratio

90.77%

Rank 691 of 746

Equity / Assets

8.58%

Rank 594 of 746

Non-interest income vs. expense

$2.2M$18.7MINCOMEEXPENSE
Unfavorable gap of $16.5M · efficiency ratio beats 8% of banks under $1B in assets operating in a single state
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.34%0.72%1.06%1.45%Beats 12%659 / 746
Return on Equity3.99%6.74%10.51%13.63%Beats 14%641 / 746
Net Interest Margin4.37%3.17%3.68%4.16%Beats 83%127 / 746
Efficiency Ratio90.77%55.74%64.58%75.47%Beats 8%691 / 746
Asset Quality
Nonperforming Loans / Loans0.20%0.09%0.42%1.07%Beats 66%254 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 69%233 / 743
Capital
Tier 1 Capital Ratio8.79%11.55%13.75%17.60%Beats 1%742 / 746
Total Risk-Based Capital Ratio8.79%11.71%14.33%18.43%Beats 1%742 / 746
Equity / Assets8.58%8.90%10.51%13.06%Beats 20%594 / 746
Liquidity & Funding
Loans / Deposits83.33%61.31%78.27%90.78%61st pctl291 / 746
Loans / Assets75.69%53.60%66.97%76.08%73rd pctl202 / 746
Brokered Deposits / Depositsn/aNot reported for this institution