Lake Ridge Bancorp, Inc. · OTC:LRBI
Lake Ridge Bancorp — Shareholder Meeting (May 2026)
51 slides from Lake Ridge Bancorp's shareholder meeting presentation, May 2026
Slide 1: 2026 Annual Shareholders Meeting
aAXA_ Lake Ridge WIRD” Bancorp, Inc” 2026 ANNUAL SHAREHOLDERS MEETING Go Far. Go Together.
Slide 2: Welcome to the 2026 Annual Shareholders Meeting
WELCOME TO THE 2026 ANNUAL SHAREHOLDERS MEETING The meeting will start promptly at 6:00 pm. Thank you for your investment in Lake Ridge Bancorp, Inc. 2
Slide 3: Agenda
AGENDA I. Welcome and Proxy Results Vern Jesse, Chairman of the Board II. Building a Vibrant Community Bank Paul Hoffmann, President III. CEO Update and 2025 Review Jim Tubbs, Chief Executive Officer 3
Slide 4: Welcome and Proxy Results
WELCOME AND PROXY RESULTS Vern Jesse, Chairman of the Board 4
Slide 5: Verification of a Quorum
VERIFICATION OF A QUORUM Total Shares Outstanding 1,966,683.4094 Shares Voted 1,201,576.5994 Percent Voted 61.097% Quorum Established 5
Slide 6: Election of Class I Director
ELECTION OF CLASS I DIRECTOR (Term Expires 2029) Greg Jones Paul Hoffmann Steve Grundahl 6
Slide 7: Amendment to Articles of Incorporation
AMENDMENT TO ARTICLES OF INCORPORATION Increase the number of authorized shares from 5,000,000 to 10,000,000. 7
Slide 8: Appointment of Crowe LLP
APPOINTMENT OF CROWE LLP To ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm. 8
Slide 9: Board of Directors
BOARD OF DIRECTORS Class I (2029) Class II (2027) Class III (2028) Greg Jones Mike Blake Cathy Durham Sam Ballweg Tim Carey Paul Hoffmann Steve Eager Chris Homburg Vern Jesse Tiffany Scheller President Holding Co. Steve Grundahl Jim Tubbs 9 CEO
Slide 10: Thank You for All Your Years of Service
THANK YOU FOR ALL YOUR YEARS OF SERVICE Years of service Pete Gunderson Mark Burish Dan Kuehn 10
Slide 11: Building a Community Bank
Building a Community Bank Paul Hoffmann President
Slide 12: Building a Vibrant Community Bank
Building a Vibrant Community Bank
Slide 13: Vibrant
DW’ Lake Ridge Bank
Slide 14: Vibrant
DW} Lake Ridge Bank Vibrant
Slide 15: What is a Vibrant Community Bank?
What is a Vibrant Community Bank?
Slide 16: A Vibrant Community Bank is …
A Vibrant Community Bank is … 1965 Atwood Ave. Madison
Slide 17: Building a Vibrant Community Bank
Building a Vibrant Community Bank How do we stand out from all the various banking options? It takes more than just showing up...
Slide 18: Be Vibrant
DW} Lake Ridge Bank Be Vibrant
Slide 19: Vibrant is Visible
Vibrant is Visible Building a bank that is not just bigger, but better! Building a Vibrant Community Bank Janesville Team
Slide 20: Vibrant is Growth
Vibrant is Growth Building a Vibrant Community Bank
Slide 21: Vibrant is Relationships
Vibrant is Relationships Mortgage Associates Building a Vibrant Community Bank
Slide 22: Vibrant is Community
Vibrant is Community Evansville sparks revival with ‘Five Ladies’ “The efforts also are designed to attract more small businesses to downtown, create a sense of community and, in the long run, make Evansville more attractive not only to day-trippers but also Volunteer to those seeking a more afforda
Slide 23: Vibrant is Engagement
Jenny Gutzmer Katie Magyera 4,164 Prime Time Plus Vibrant is Members Engagement Building a Vibrant Community Bank Building a Vibrant Community Bank Building a Vibrant Community Bank
Slide 24: Vibrant is Innovative
Vibrant is Innovative Building a Vibrant Community Bank
Slide 25: Vibrant is Knowledge
Vibrant is is Vibrant Strong Knowledge Building a Vibrant Community Bank Monona Drive & Bridge Road Associates Building a Vibrant Community Bank
Slide 26: Building Lake Ridge Bank
Building Lake Ridge Bank These are the building blocks. Associates Leadership Locations Products
Slide 27: Building a Vibrant Lake Ridge Bank
Building a Vibrant Lake Ridge Bank Relationships Engagement Knowledge Experience Associates Leadership Visibility Growth Locations Products Community Innovation
Slide 28: Vibrant is Value
Vibrant is Value Trusted Attract Deepen Strong Advisors Clients Relationships Bank Building a Vibrant Community Bank
Slide 29: Building a Vibrant Lake Ridge Bank
Building a Vibrant Lake Ridge Bank A bank our clients can trust, our associates are proud to work for, our communities are better because of, and our shareholders are proud to own.
Slide 30: A Vibrant Community Bank
So Lake Ridge Bank’ A Vibrant ommunityBank —
Slide 31: Jim Tubbs, Chief Executive Officer
Jim Tubbs, Chief Executive Officer Go Far. Go Together.
Slide 32: Performance • Progress • Investor Information
Performance • Progress • Investor Information • Recap of 2025 Performance • Beyond Financial Accomplishments • Shareholder Updates 32
Slide 33: 2025 Financial Snapshot
2025 Financial Snapshot 33
Slide 34: Growth, Income, and Dividends
Growth, Income, and Dividends 34
Slide 35: Strong Earnings Driven by Core Banking
Strong Earnings Driven by Core Banking Core Banking Earnings Earnings in 2025 were driven by stable core banking activities like lending and deposit management. Disciplined Expense Management The company managed expenses efficiently, staying well below budgeted costs for the year. Foundation for Gro
Slide 36: U.S. Treasury Yield Curve Comparison
U.S. Treasury Yield Curve Comparison 6.00 5.50 5.00 Yield (%) 4.50 4.00 3.50 3.00 3M 2Y 5Y 10Y 30Y Maturity (Years) 2024 2025 2026 36
Slide 37: Beyond Financial Accomplishments
Beyond Financial Accomplishments 37
Slide 38: Growth and Expansion
Growth and Expansion Franchise Expansion The company opened a full-service office in Janesville - its 20th location. Elected New Director Tiffany Scheller, CFO Findorff, joined the Board, enhancing our leadership capabilities. Diversified Revenue The Wealth Management area attracted $216 million in
Slide 39: Growth and Expansion (continued)
Growth and Expansion (continued) Business Outreach Executed over 1,500 “cold” business visits in 2025 merely to thank them for their business and what they do in the community. Shareholder Liquidity Successfully accomplished getting our shares (LRBI) listed on the Over the Counter market. Technology
Slide 40: Risk Management and Regulatory Strength
Risk Management and Regulatory Strength Low Loan Delinquencies Delinquencies remained low at 0.31% of total loans, showing effective risk management. Strong Regulatory Exams FDIC exams confirmed safety, soundness, and compliance, validating controls and culture. Minimal Fraud Losses Disciplined and
Slide 41: Shareholder Updates
Shareholder Updates 41
Slide 42: Transfer Agent, OTC Market, and Market Maker
Transfer Agent, OTC Market, and Market Maker New Transfer Agent Role ClearTrust LLC, became the new transfer agent, managing shareholder records, retitling shares, creating tax forms, and managing transactions efficiently. Shares Trading on OTC Market Shares began trading on the OTC Market in June u
Slide 43: Certificate, Book Entry, and Street Name
Certificate, Book Entry, and Street Name Holding Shares by Certificate Some shareholders still hold physical paper certificates. Electronic Book-Entry Records Book-entry shares are electronically registered with transfer agents, facilitating easier transactions and recordkeeping. Shares Held in Stre
Slide 44: Dividend Reinvestment Program and share repurchases
Dividend Reinvestment Program and share repurchases Dividend Reinvestment Program (DRIP) To date, we have 444 of shareholders representing 392,416 shares active in the DRIP. Important Note: these shares are issued at tangible book value (TBV). Currently our shares are traded on the market at a price
Slide 45: Questions before I conclude?
Questions before I conclude? 45
Slide 46: Data points for share value
Data points for share value Book Value (3/31/26) $153.51 OTC Market (5/18/26) $147.00 Tangible Book Value (3/31/26) $129.91 46
Slide 47: LRBI Stock Performance
CLOSING PRICE (USD) $150 $140 $130 $120 $110 $100 $90 LRBI STOCK PERFORMANCE 6/30/25 to 5/18/26 298 & & $80 — START PRICE $90.00 6/30/25 END PRICE $147.00 5/18/26 TOTAL RETURN +63.3% OVER THE PERIOD PERIOD 10.5 MONTHS:
Slide 48: Headlines – Independent Analyst
Headlines – Independent Analyst 48
Slide 49: Market Value vs. Intrinsic Value
Market Value vs. Intrinsic Value Framework Multiple Implied Price Market: P/TBV 1.1x $143 Intrinsic: P/TBV 1.3x $169 Intrinsic: P/TBV 1.5x $195 Intrinsic: P/TBV 1.6x $208 Creating a GREAT message! 49
Slide 50: 40-Year Anniversaries
40-Year Anniversaries Steve Eager, Kathy Esser, and Betty Nonn 50
Slide 51: Thank You
THANK YOU FOR YOUR CONTINUED TRUST AND INVESTMENT IN LAKE RIDGE BANK __________________________ GO FAR. GO TOGETHER. 51