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Eastern Michigan Bank

Croswell, MI · Cert 982 · Mercantile Bank Corp.

State charter, Fed member · FED · 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

80

Q2 2024Q2 2026peer median (50)

Asset Quality

71

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

65

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

Eastern Michigan Bank

Croswell, MI · Cert 982 · Mercantile Bank Corp.

State charter, Fed member · FED · 1 affiliate bank · 12 branches (52 in holding)

Q2 2026

$553.6MAssets
$194.3MLoans
$453.7MDeposits
$97.8MEquity
Loan mix
81%RE $148.1M11%C&I $20.4M8%Consumer $14.5MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $318.6M30%Noninterest $135.1MQ2 2025Q2 2026

NIM

4.00%Q2 ’244.16%Q2 ’254.65%Q2 ’26+19%+21%

Non-interest income vs. expense

2.13%Q2 ’242.53%Q2 ’252.90%Q2 ’26+21%+16%

Market Position · Detroit-Warren-Dearborn, MI · 2026 SOD (annual) · 0.1% share · #22 of 37 inst. · $0.2B of $183.9B

22.9% Sanilac
7.5% St. Clair
2.8% Huron

Executive Summary

  • Earnings: ROA of 1.42%, down 1 bps year over year; NIM at 4.55%.
  • Asset quality: problem loans at 0.63% of loans (+16 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 11.99%, up 121 bps from a year ago.
  • Funding: loans stand at 42.83% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.42%-1 bps YoY

Net Interest Margin (YTD, annualized)

4.55%+78 bps YoY

Efficiency Ratio (YTD, annualized)

48.60%-1,223 bps YoY

Tier 1 Leverage Ratio

11.99%+121 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.42%1.45%0.00%1.39%1.42%-1 bps
Return on Equity14.74%14.99%0.00%8.21%8.27%-646 bps
Net Interest Margin3.77%3.77%0.00%4.44%4.55%+78 bps
Efficiency Ratio60.83%59.46%n/a49.07%48.60%-1,223 bps
Non-Interest Burden2.15%2.09%0.00%2.45%2.49%+34 bps
Growth
Asset Growth (YoY)-9.69%2.09%9.79%10.81%9.73%+1,941 bps
Loan Growth (YoY)-6.25%-6.10%-7.42%-2.01%-6.72%-47 bps
Deposit Growth (YoY)-2.63%0.77%0.91%2.05%0.66%+329 bps
Asset Quality
Nonperforming Loans / Loans0.47%0.51%0.50%0.38%0.63%+16 bps
Net Charge-Offs / Loans0.00%0.00%0.00%-0.10%-0.07%-6 bps
Allowance / Loans1.17%1.20%1.18%1.19%1.16%0 bps
Allowance Coverage of NPLs2.5x2.4x2.4x3.1x1.8x-0.6x
Capital
Tier 1 Leverage Ratio10.77%10.86%10.74%10.45%11.99%+121 bps
Total Risk-Based Capital17.58%18.93%16.41%17.84%20.29%+271 bps
Equity / Assets10.22%9.79%16.75%17.06%17.66%+744 bps
Liquidity & Funding
Loans / Deposits46.22%41.22%42.85%42.13%42.83%-339 bps
Liquid Assets / Assets25.32%34.15%17.02%18.30%18.35%-697 bps
CRE / Total Capitaln/a149.32%159.99%151.45%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

Eastern Michigan Bank

Croswell, MI · Cert 982 · Peer group: banks under $1B in assets (n=581-629) · Mercantile Bank Corp.

State charter, Fed member · FED · 1 affiliate bank · 12 branches (52 in holding)

Q2 2026

$553.6MAssets
$194.3MLoans
$453.7MDeposits
$97.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets (rank 158 of 581).
  • Widest gap: return on equity trails 59% of banks under $1B in assets (rank 368 of 629).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.45%

Rank 158 of 629

Net Interest Margin

4.55%

Rank 60 of 629

Efficiency Ratio

62.45%

Rank 220 of 629

Equity / Assets

17.66%

Rank 97 of 629

Non-interest income vs. expense

$2.3M$16.1MINCOMEEXPENSE
Unfavorable gap of $13.8M · efficiency ratio beats 65% of banks under $1B in assets
Bank 62.45%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.45%0.60%1.01%1.45%Beats 75%158 / 629
Return on Equity8.19%5.38%9.30%13.28%Beats 41%368 / 629
Net Interest Margin4.55%3.03%3.54%4.05%Beats 90%60 / 629
Efficiency Ratio62.45%58.35%67.79%79.08%Beats 65%220 / 629
Asset Quality
Nonperforming Loans / Loans0.63%0.09%0.46%1.20%Beats 42%340 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%158 / 581
Capital
Tier 1 Capital Ratio19.57%11.24%13.84%18.77%Beats 77%144 / 629
Total Risk-Based Capital Ratio20.29%11.58%14.43%19.66%Beats 77%145 / 629
Equity / Assets17.66%9.09%10.65%13.80%Beats 85%97 / 629
Liquidity & Funding
Loans / Deposits42.83%67.24%80.90%93.48%7th pctl550 / 594
Loans / Assets35.09%53.31%67.71%78.15%13th pctl549 / 629
Brokered Deposits / Depositsn/aNot reported for this institution