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Lake-Osceola State Bank

Baldwin, MI · Cert 8172 · Lake Financial Corp.

State charter, non-member · FDIC · 12 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

70

Q2 2024Q2 2026peer median (50)

Asset Quality

41

Q2 2024Q2 2026peer median (50)

Profitability

75

Q2 2024Q2 2026peer median (50)

Liquidity

45

Q2 2024Q2 2026peer median

Efficiency

76

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

Lake-Osceola State Bank

Baldwin, MI · Cert 8172 · Lake Financial Corp.

State charter, non-member · FDIC · 12 branches

Q2 2026

$469.4MAssets
$254.9MLoans
$403.4MDeposits
$51.5MEquity
Loan mix
70%RE $179.8M7%C&I $16.6M23%Consumer $58.7MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $303.3M25%Noninterest $100.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.60%, down 19 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.24% of loans (-8 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 12.53%, up 47 bps from a year ago.
  • Funding: loans stand at 63.19% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.60%-19 bps YoY

Net Interest Margin (YTD, annualized)

3.82%-3 bps YoY

Efficiency Ratio (YTD, annualized)

57.52%-608 bps YoY

Tier 1 Leverage Ratio

12.53%+47 bps YoY

NIM

5.32%Q2 ’245.28%Q2 ’255.09%Q2 ’260%-1%

Non-interest income vs. expense

2.64%Q2 ’242.77%Q2 ’252.62%Q2 ’26+8%-17%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.62%0.74%1.29%1.79%1.73%1.52%1.77%1.60%-19 bps
Return on Equity7.35%8.89%15.13%20.02%18.57%15.90%16.94%15.05%-497 bps
Net Interest Margin3.71%3.90%3.75%3.85%3.83%3.88%3.70%3.82%-3 bps
Efficiency Ratio58.18%62.29%64.88%63.60%61.16%64.58%54.57%57.52%-608 bps
Non-Interest Burden1.95%2.25%2.26%2.25%2.14%2.35%1.60%1.88%-37 bps
Growth
Asset Growth (YoY)2.39%3.18%2.12%0.89%0.76%1.93%6.70%4.98%+409 bps
Loan Growth (YoY)6.78%1.67%-0.54%-6.56%-7.28%-3.37%-2.22%0.06%+662 bps
Deposit Growth (YoY)0.76%3.03%2.56%0.21%-0.45%0.30%5.55%6.26%+605 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.30%0.20%0.32%0.23%0.20%0.25%0.24%-8 bps
Net Charge-Offs / Loans1.17%0.90%0.06%-1.82%-1.20%-0.87%0.21%0.16%+198 bps
Allowance / Loans1.97%1.95%1.91%1.36%1.36%1.33%1.26%1.27%-9 bps
Allowance Coverage of NPLs7.3x6.4x9.4x4.3x6.0x6.6x5.0x5.4x+1.1x
Capital
Tier 1 Leverage Ratio10.24%11.18%11.58%12.06%12.06%12.22%12.27%12.53%+47 bps
Total Risk-Based Capital16.65%17.25%17.87%19.07%19.86%19.68%20.28%21.16%+210 bps
Equity / Assets8.81%8.24%8.85%9.80%10.49%10.48%10.41%10.97%+118 bps
Liquidity & Funding
Loans / Deposits71.45%68.05%67.79%67.11%66.55%65.56%62.80%63.19%-392 bps
Liquid Assets / Assets1.93%4.62%3.00%5.94%8.06%7.40%7.32%8.38%+244 bps
CRE / Total Capitaln/an/an/an/a167.19%175.20%168.76%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

Lake-Osceola State Bank

Baldwin, MI · Cert 8172 · Peer group: banks under $1B in assets (n=581-629) · Lake Financial Corp.

State charter, non-member · FDIC · 12 branches

Q2 2026

$469.4MAssets
$254.9MLoans
$403.4MDeposits
$51.5MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 81% of banks under $1B in assets (rank 118 of 629).
  • Widest gap: net charge-offs / loans trails 80% of banks under $1B in assets (rank 465 of 581).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.61%

Rank 129 of 629

Net Interest Margin

3.82%

Rank 220 of 629

Efficiency Ratio

57.52%

Rank 149 of 629

Equity / Assets

10.97%

Rank 290 of 629

Non-interest income vs. expense

$3.5M$12.4MINCOMEEXPENSE
Unfavorable gap of $8.9M · efficiency ratio beats 76% of banks under $1B in assets
Bank 57.52%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.61%0.60%1.01%1.45%Beats 79%129 / 629
Return on Equity14.65%5.38%9.30%13.28%Beats 81%118 / 629
Net Interest Margin3.82%3.03%3.54%4.05%Beats 65%220 / 629
Efficiency Ratio57.52%58.35%67.79%79.08%Beats 76%149 / 629
Asset Quality
Nonperforming Loans / Loans0.24%0.09%0.46%1.20%Beats 62%223 / 581
Net Charge-Offs / Loans0.09%n/a0.01%0.06%Beats 20%465 / 581
Capital
Tier 1 Capital Ratio20.06%11.24%13.84%18.77%Beats 78%137 / 629
Total Risk-Based Capital Ratio21.16%11.58%14.43%19.66%Beats 79%135 / 629
Equity / Assets10.97%9.09%10.65%13.80%Beats 54%290 / 629
Liquidity & Funding
Loans / Deposits63.19%67.24%80.90%93.48%21st pctl468 / 594
Loans / Assets54.30%53.31%67.71%78.15%26th pctl465 / 629
Brokered Deposits / Depositsn/aNot reported for this institution