Summit State Bank · NASDAQ:SSBI
Summit State Bank — Q1 2026 Earnings Presentation
36 slides from Summit State Bank's earnings presentation, 2026
Slide 1: Investor Presentation Q1 2026
Investor P r e s e n t a t io n Q120 26
Slide 2: About Brian J. Reed, President & CEO
About Brian J. Reed, President & CEO Brian has over 40 years of community banking experience, with over 30 in S o n o m a C o u n t y. 2 0 2 0 - S e le c t e d a s P r e s id e n t a n d C E O o f S u m m it S t a t e B a n k 2 0 16 - J o in e d S u m m it S t a t e B a n k a s C h ie f C r e d it O
Slide 3: Core Values
Core Values Mission Statement Summit State Bank provides 1. Greet customers, colleagues and community with courtesy and enthusiasm customized credit and deposit 2. Treat everyone you encounter with respect – they are important services by partnering with 3. Offer your service and solutions, look for
Slide 4: Guiding Principles
Guiding Principles “ To be a successful community bank, we must be significant in the lives of those w e t o uc h - o ur e m p lo ye e s , c us t o m e r s a nd c o m m unit y. S ig nif ic a nc e is t h e le g a c y t h a t is le f t b e h in d lo n g a f t e r a le a d e r le a ve s a n o r g a niz
Slide 5: Company Overview
Company Overview • Commercial Bank, headquartered in Santa Rosa, CA • $1 billion in assets • 4 branch locations • 106 employees • Founded in 1982 • Listed on NASDAQ in 2006 under the ticker “SSBI” Summit State Bank Locations • Santa Rosa Main, Headquarters • Healdsburg • Rohnert Park • Petaluma Regi
Slide 6: Executive Leadership
Executive Leadership Genie Del Secco, Camille Kazarian, Michael Floyd, Brandy Seppi EVP and EVP and EVP and EVP and Chief Operating Officer Chief Financial Officer Chief Credit Officer Chief Banking Officer Genie has 36 years of community Camille has 27 years of industry Michael has over 41 years of
Slide 7: 40 years and $1B in Assets
40 years and $1B in Assets 2022 $1B Assets and 40th Anniversary 2020 2017 $135MM PPP Loans 2016 Brand Refresh 500MM in Assets 2006 Reached Listed on NASDAQ 2009 H ealdsburg B ranc h 2007 1982 2003 Petaluma B ranc h Opens B ic entennial B ranc h Opens Bank Opened 1990 Opens 1985 W indsor B ranc h Mon
Slide 8: Competitive Advantages and Challenges
Competitive Advantages and Challenges What Makes Summit State Bank Unique? What sets us apart from our competitors is our ability to deliver personalized solutions and service with excellent customer service along with providing access to local decision - makers. We strive to develop long - term rel
Slide 9: Making a Difference
Making a Difference Nonprofit Partner Program Results Nonprofit Partner Program $800,000 300 $700,000 250 $600,000 200 $500,000 $400,000 150 $300,000 100 $200,000 50 $100,000 $0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202
Slide 10: Enhanced the Nonprofit Partner Program
• Enhanced the Nonprofit Partner Program with the launch of our North Bay Nonprofit Event (NBNE). • This half -day gathering attracted nearly 100 nonprofit leaders in 2025, and features local experts who share valuable insights, resources, and best practices. • Designed to deepen relationships with
Slide 11: Awards & Accolades
Awards & Accolades Best Places to Work - Hall of Fame NorthBay Biz Magazine C o r p o r a t e P h ila nt h r o p y Aw a r d San Francisco Business Times B e s t P la c e s t o W o r k North Bay Business Journal Dive r s it y in B u s in e s s North Bay Business Journal T o p P e r f o r m in g B a n
Slide 12: Market Area Highlights
Northern California Concentrated in Sonoma County Market Area Highlights C o m m e r c ia l P r o p e r t y Inve s t m e n t In ve n t o r y R e m a ins Lo w d ue t o lim it e d c o ns t r uc t io n o ve r t h e p a s t t e n ye a r s . Dive r s e a nd R e s ilie nt E c o n o m y: He a lt hc a
Slide 13: Financial Trends
2020 - 2022: Financial Trends S t r o n g g r o w t h f r o m c o n t in u e d lo w a n d s t a b le r a t e e n vir o n m e n t r e s u lt in g in r o b u s t lo a n p r o d u c t io n a n d h e a lt h y N IM , a n d s t r o n g n o n - in t e r e s t in c o m e . 2 0 2 3: Fe d r a is e d r a t
Slide 14: Drivers of Performance
Drivers of Performance Credit Quality Net Interest Margin and Net Interest Income Non - Interest Income Expense Management
Slide 15: Loan Growth & Asset Quality
Loan Growth & Asset Quality Reduction of loans reflects the Banks increased focus on reducing balance sheet risk while improving capital ratios While nonperforming loans have persisted, we have built our Credit Loss Reserves to sufficiently cover the risk in the portfolio. Note: CECL Conversion
Slide 16: Non-Performing Loans and Loan Loss Reserve
Non - Performing Loans and Loan Loss Reserve Non - Performing Loans : N o np e r f o r m in g lo a n s t o t a l $ 33M M a n d 4 r e la t io ns hip s m a k e up 9 1% o f n o n - p e r f o r m ing lo a n s a s o f Q 1 2 0 2 6 W e ha ve s t r e n g t h e n e d C r e d it Lo s s R e s e r ve s f r
Slide 17: Portfolio Delinquency Trends
Portfolio Delinquency Trends Delinquency Trends : De lin q ue n c y m e t r ic s o f t he p e r f o r m ing p o r t f o lio ha ve b e e n s t a b le s inc e Q 2 2 0 2 4 P a s t Due s e g m e nt is c ur r e nt ly <0 .5% o f t he p o r t f o lio *e x c lu d e s N o n - Ac c r u a l lo a n s
Slide 18: Interest Income & Interest Expense Management
Interest Income & Interest Expense Management Note: Q2 2025 NII and NIM were inflated due to heightened loan prepayment fees From the end of 2022 through mid - 2024, NIM compression and Net Interest Income declined due to elevated cost of funds, lower volume of new higher priced loans and existing
Slide 19: Yield on Earning Assets vs Cost of Liabilities
Yield on Earning Assets vs Cost of Liabilities From end of 2022 though the mid - 2024, Cost of Liabilities has risen faster than the Yield on Earning Assets Since mid - 2024 Cost of Liabilities declined while loan yields have improved
Slide 20: Deposits & Loans Repricing by Maturity
Deposits & Loans Repricing by Maturity Majority of Interest - bearing Deposits may reprice within 1 year Only 30% of the Loan Portfolio contractually reprices within 1 year Reprices Immediately Reprices quarterly Reprices in 1 month to 1 year Reprices 1 year to 8 years Fixed Rate
Slide 21: Treasury Indexed CRE – Contracted Rate Resets
Treasury Indexed CRE – Contracted Rate Resets Most Treasury Indexed CRE Loans reprice every 5 years based on the corresponding Constant Maturity Treasury index Repriced rates reflect a snapshot of market rates as of 3/31/2026; Actual repricing rates can differ depending on market rates at the ti
Slide 22: Government Guaranteed Loan Programs
Government Guaranteed Loan Programs Dedicated Small Business Lending Group Created in 2017 Floating Rate ~ 8.6% (April 2026 adjustment) Decrease in Non - Interest Income based on rolling 4 - quarter analysis: Lower SBA Loan Sales Volume Decreasing Servicing income due to amortization and p
Slide 23: Managing Infrastructure Costs in an Inflationary Environment
Managing Infrastructure Costs in an Inflationary Environment Operating expenses in Q1 2025 were lower at $6.3MM vs $6.7MM is Q1 2026, due to continuing inflationary pressures Assets have been managed down to reduce risk in the balance sheet and improve capital ratios, resulting in expenses to as
Slide 24: Assets Trends
Assets Trends Manage Asset reductions to balance sheet risk and improve Capital Ratios Portfolio Loan Yield as of Q1 2026 at 6.12% $426MM of Treasury based loans are scheduled to reprice through 2028 at a differential of ~1.8% New loan originations are targeted to reduce overall CRE concentr
Slide 25: Loan Portfolio Composition
Loan Portfolio Composition Portfolio Product Types, % Commercial Real Estate - Invest ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 50.9% Commercial Real Estate - Owner Occupied ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 26.0% Total Farm ▬▬▬▬▬▬▬● 7.8% Loan Commercial C&I ▬▬▬▬▬▬● 6.4% Dive r s if ie d P o r t
Slide 26: Loan Composition
Loan Composition Total Loan Portfolio CRE Loan Portfolio Concentration: Investment & Owner Occupied
Slide 27: Liabilities Trends
Liabilities Trends Deposit growth from YE 2021 to Q1 2026: Local Non - Maturity Deposits increased from 72% to 73% of Total Deposits Total Local Deposits increased from 85% to 100% of Total Deposits Continued Focus on Local Non - Maturity core deposit growth
Slide 28: Deposit Composition
Deposit Composition Organic Deposit Growth through Strong Relationship Practices Focused Local Deposit Growth Q1 2026 Average Cost of Deposits at 2.20%
Slide 29: Focus on Liquidity and Quality as of Q1 2026
Focus on Liquidity and Quality as of Q1 2026 $179MM of Available Primary Liquidity Includes Cash and Investments Available for Sale Primary Liquidity is 18.03% $318MM of Available Secondary Lines Includes FHLB, Federal Reserve Bank, and Fed Funds lines Total Liquidity (Primary + Secondar
Slide 30: Tangible Book Value Growth
Tangible Book Value Growth Tangible Book Value has improved 43% since 2020, or 8.2% annualized growth Tangible Book Value growth has solely been driven by retention of earnings As of March 31, 2026, the Bank’s stock price was trading at 0.9x of Book Value ($13.16/share) Note: [1] Tangible Book
Slide 31: Shareholder Value
Shareholder Value Graph illustrates investment in 1 share of stock beginning in 2016 2 0 16 : O ne s h a r e o f s t o c k p ur c h a s e d 2 0 17: A f ive - f o r - f o ur s t o c k s p lit r e s ult s in 1.2 5 s ha r e s o ut s t a n d in g 2 0 2 1: A o n e t im e 10 % s t o c k d ivid e n d
Slide 32: Why Summit State Bank?
Why Summit State Bank? Experienced Executive & Management Team Commitment to a Culture of Success Focus on Organic Growth and Driving Core Customer Deposits Lending Platform Positioned to Deliver Results Significant Growth in Tangible Book Value of shares in last 5 years Experienced and
Slide 33: Thank you for your time and attention. Questions?
Thank you for your time and attention. Questions? “In community banking, success isn’t measured by size —it’s measured by significance. When we make a lasting difference in the lives of our employees, customers and community, long - term growth naturally follows.”
Slide 34: Forward-Looking Statements
Forward - Looking Statements This presentation includes forward - looking statements within the meaning of the “safe - harbor” provisions of the Private Securiti es Litigation Reform Act of 1995, including forward - looking statements regarding our expectations and beliefs about our future financial
Slide 35: Non-GAAP Financial Measures
Non - GAAP Financial Measures This presentation contains non - GAAP (Generally Accepted Accounting Principles) financial measures in addition to the results presented in accordance with GAAP. These Non - GAAP financial measures include pre - tax, pre - provision net operating income before goodwill,
Slide 36: Non-GAAP Financial Measures
Non - GAAP Financial Measures Three Months Ended Twelve Months Ended March 31, 2026 December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 (In thousands) Reconciliation of non-GAAP tangible common equity Total shareholders' equity $ 102,661 $ 101,171 $ 91,723 $ 97,