Honor, MI · Cert 8165 · Honor Bcorp Inc.
State charter, non-member · FDIC · 8 branches
Q2 2026
Market Position · Traverse City, MI · 2026 SOD (annual) · 6.0% share · #6 of 13 inst. · $0.3B of $4.8B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.38% | 1.30% | 1.17% | 1.21% | 1.32% | 1.04% | 1.43% | 1.27% | +6 bps | |
| Return on Equity | 15.56% | 14.67% | 12.74% | 12.94% | 14.03% | 10.97% | 14.66% | 13.20% | +26 bps | |
| Net Interest Margin | 3.65% | 3.67% | 3.66% | 3.69% | 3.84% | 4.01% | 3.98% | 4.01% | +32 bps | |
| Efficiency Ratio | 60.06% | 61.36% | 65.08% | 63.31% | 61.01% | 56.16% | 62.59% | 61.50% | -181 bps | |
| Non-Interest Burden | 1.91% | 1.97% | 2.18% | 2.11% | 2.08% | 1.92% | 2.30% | 2.23% | +12 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.40% | 9.69% | 6.05% | 6.23% | 2.92% | 0.72% | 0.78% | 5.10% | -112 bps | |
| Loan Growth (YoY) | 12.39% | 10.73% | 9.95% | 6.12% | 4.75% | 3.51% | 2.76% | 7.18% | +107 bps | |
| Deposit Growth (YoY) | 8.65% | 9.81% | 6.04% | 3.85% | 2.14% | 0.12% | 1.05% | 4.42% | +57 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.04% | 0.05% | 0.05% | 0.13% | 0.18% | 0.20% | 0.17% | 0.32% | +19 bps | |
| Net Charge-Offs / Loans | 0.02% | -0.01% | -0.01% | -0.04% | -0.01% | 0.03% | 0.04% | -0.01% | +2 bps | |
| Allowance / Loans | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | 1.55% | 1.50% | 1.45% | +20 bps | |
| Allowance Coverage of NPLs | 35.2x | 25.2x | 27.1x | 9.7x | 7.1x | 7.9x | 8.6x | 4.6x | -5.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.84% | 8.96% | 9.34% | 9.51% | 9.49% | 9.31% | 9.85% | 9.77% | +27 bps | |
| Total Risk-Based Capital | 12.40% | 12.66% | 12.94% | 13.01% | 13.09% | 13.15% | 13.53% | 12.60% | -40 bps | |
| Equity / Assets | 8.72% | 9.01% | 9.38% | 9.38% | 9.37% | 9.62% | 9.94% | 9.36% | -1 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 84.55% | 86.52% | 89.76% | 91.17% | 86.71% | 89.46% | 91.29% | 93.58% | +241 bps | |
| Liquid Assets / Assets | 14.51% | 14.14% | 13.63% | 12.81% | 12.79% | 12.15% | 11.99% | 10.92% | -189 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 482% | 476% | 468% | n/a | n/a | |