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G.W. Jones Exchange Bank

Marcellus, MI · Cert 999 · Jones Bcorp Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$122.8MAssets
$24.8MLoans
$110.9MDeposits
$10.7MEquity
Loan mix
92%RE $22.3M2%C&I $0.6M6%Consumer $1.4MQ2 2025Q2 2026
Deposit mix
51%Interest-bearing $57.0M49%Noninterest $53.9MQ2 2025Q2 2026

NIM

3.51%Q2 ’243.81%Q2 ’253.71%Q2 ’26+15%-3%

Non-interest income vs. expense

2.74%Q2 ’242.81%Q2 ’252.97%Q2 ’260%+22%

Market Position · South Bend-Mishawaka, IN-MI · 2026 SOD (annual) · 1.8% share · #11 of 17 inst. · $0.1B of $6.2B

Executive Summary

  • Earnings: ROA of 0.90%, down 53 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 1.64% of loans (+164 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.36%, up 224 bps from a year ago.
  • Funding: loans stand at 22.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.90%-53 bps YoY

Net Interest Margin (YTD, annualized)

3.11%-10 bps YoY

Efficiency Ratio (YTD, annualized)

75.48%+941 bps YoY

Tier 1 Leverage Ratio

10.36%+224 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.20%0.84%0.28%0.90%-53 bps
Return on Equity17.86%14.64%10.14%3.13%10.11%-775 bps
Net Interest Margin3.20%3.26%3.56%2.44%3.11%-10 bps
Efficiency Ratio66.07%68.81%78.37%91.31%75.48%+941 bps
Non-Interest Burden1.76%1.92%2.57%2.15%2.14%+38 bps
Growth
Asset Growth (YoY)7.32%7.11%4.05%-1.37%13.18%+586 bps
Loan Growth (YoY)-2.76%-3.21%-0.36%-0.96%3.09%+586 bps
Deposit Growth (YoY)7.50%7.73%2.87%-2.48%12.76%+525 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.12%1.64%+164 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.00%0.00%-1 bps
Allowance / Loans1.09%1.06%1.04%1.07%1.06%-3 bps
Allowance Coverage of NPLsn/an/an/a9.0x0.6xn/a
Capital
Tier 1 Leverage Ratio8.12%9.35%9.60%9.85%10.36%+224 bps
Total Risk-Based Capital34.82%39.50%39.32%40.63%43.40%+858 bps
Equity / Assets8.44%8.73%8.78%9.39%8.69%+25 bps
Liquidity & Funding
Loans / Deposits24.42%24.62%24.87%25.16%22.32%-209 bps
Liquid Assets / Assets48.44%47.14%45.84%44.05%47.60%-84 bps
CRE / Total Capitaln/a95.07%92.75%83.36%n/an/a