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Harvard State Bank, The

Harvard, IL · Cert 9079 · Harvard Bancshares Inc.

State charter, non-member · FDIC · 5 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 Chicago-Naperville-Elgin, IL-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 Chicago-Naperville-Elgin, IL-IN area (n=56 to 57). 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

34

Q2 2024Q2 2026peer median (50)

Asset Quality

78

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

35

Q2 2024Q2 2026peer median

Efficiency

61

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

Harvard State Bank, The

Harvard, IL · Cert 9079 · Harvard Bancshares Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$331.5MAssets
$193.2MLoans
$294.0MDeposits
$27.3MEquity
Loan mix
93%RE $178.2M6%C&I $11.5M0%Consumer $0.9MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $231.3M21%Noninterest $62.8MQ2 2025Q2 2026

NIM

4.12%Q2 ’244.31%Q2 ’254.47%Q2 ’26+14%+13%

Non-interest income vs. expense

2.15%Q2 ’242.06%Q2 ’252.06%Q2 ’26-6%-1%

Market Position · Chicago-Naperville-Elgin, IL-IN · 2026 SOD (annual) · 0.0% share · #93 of 147 inst. · $0.2B of $630.7B

2.2% McHenry
4.4% Ogle
0.1% Winnebago

Executive Summary

  • Earnings: ROA of 0.90%, up 25 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.26% of loans (+18 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.79%, up 10 bps from a year ago.
  • Funding: loans stand at 65.69% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.90%+25 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+33 bps YoY

Efficiency Ratio (YTD, annualized)

64.26%-792 bps YoY

Tier 1 Leverage Ratio

8.79%+10 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.65%0.68%0.65%0.87%0.90%+25 bps
Return on Equity9.13%9.31%8.81%10.80%11.07%+194 bps
Net Interest Margin2.54%2.61%2.64%2.92%2.88%+33 bps
Efficiency Ratio72.17%71.19%72.49%64.49%64.26%-792 bps
Non-Interest Burden1.73%1.75%1.81%1.74%1.71%-2 bps
Growth
Asset Growth (YoY)2.97%1.48%4.44%4.69%5.46%+249 bps
Loan Growth (YoY)7.42%8.26%5.29%6.01%3.84%-358 bps
Deposit Growth (YoY)2.12%0.89%3.20%4.13%4.89%+277 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.18%0.18%0.37%0.26%+18 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.00%1.01%1.04%1.04%1.06%+6 bps
Allowance Coverage of NPLs12.3x5.7x5.7x2.8x4.0x-8.3x
Capital
Tier 1 Leverage Ratio8.70%8.77%8.86%9.08%8.79%+10 bps
Total Risk-Based Capital15.34%15.22%15.53%15.48%15.45%+11 bps
Equity / Assets7.42%7.72%8.13%7.92%8.24%+83 bps
Liquidity & Funding
Loans / Deposits66.36%65.21%64.00%65.65%65.69%-66 bps
Liquid Assets / Assets0.38%0.88%1.55%0.42%0.51%+13 bps
CRE / Total Capitaln/a323%327%322%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

Harvard State Bank, The

Harvard, IL · Cert 9079 · Peer group: banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area (n=56-57) · Harvard Bancshares Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$331.5MAssets
$193.2MLoans
$294.0MDeposits
$27.3MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area (rank 24 of 56).
  • Widest gap: equity / assets trails 91% of banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area (rank 52 of 57).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.89%

Rank 28 of 57

Net Interest Margin

2.88%

Rank 47 of 57

Efficiency Ratio

64.26%

Rank 23 of 57

Equity / Assets

8.24%

Rank 52 of 57

Non-interest income vs. expense

$1.2M$7.2MINCOMEEXPENSE
Unfavorable gap of $6.0M · efficiency ratio beats 61% of banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area
Bank 64.26%Peer median 69.7%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.89%0.51%0.84%1.19%Beats 51%28 / 57
Return on Equity10.79%3.13%7.76%11.40%Beats 67%19 / 57
Net Interest Margin2.88%3.16%3.63%4.08%Beats 18%47 / 57
Efficiency Ratio64.26%59.57%69.70%81.06%Beats 61%23 / 57
Asset Quality
Nonperforming Loans / Loans0.26%0.06%0.34%1.78%Beats 55%26 / 56
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 100%24 / 56
Capital
Tier 1 Capital Ratio14.44%12.24%16.06%19.69%Beats 46%31 / 57
Total Risk-Based Capital Ratio15.45%12.54%16.50%20.95%Beats 46%31 / 57
Equity / Assets8.24%9.37%11.56%15.00%Beats 9%52 / 57
Liquidity & Funding
Loans / Deposits65.69%66.29%85.59%95.16%23rd pctl44 / 57
Loans / Assets58.27%57.07%71.07%78.13%28th pctl41 / 57
Brokered Deposits / Depositsn/aNot reported for this institution