Investor Call Deck FY2026 Q1 FINAL

INVESTOR CALL

FY26 Q1

October 29, 2025

Financial Highlights

1. Unpaid principal balance.

2. National Lending originations for Q1 FY26 were 100% variable rate, of which 44% were Prime-rate based and 56% were SOFR-based.

3. Q1 FY26 National Lending originations had a weighted average floor rate of 7.76%.

   
   
   
   
   
   

4. Purchased loan return for Q1 FY26 included $2.4 million of transactional income.

   Loan Portfolio Summary

   Loan Portfolio	# of Loans	Total Balance	Average Balance	WA LTV
   Dollars in thousands
   National Lending Division:
   Purchased Loans (1)	3,624	$2,406,506	$664	49%(4)
   Direct Originated Loans (2)	83	490,770	5,913	53%
   Lender Finance Loans (2)	115	722,341	6,281	41%
   SBA Loans (3)	4,881	115,682	24	83%
   Community Banking Division:
   Commercial Loans	72	4,745	66	37%
   Residential and Consumer Loans	253	12,907	51	45%
   Total	9,028	$3,752,951	$416	49%

   1. Total balance of $2.41 billion is equal to unpaid principal balance of $2.58 billion, net of $171.5 million purchased loan rate mark discount.

   2. LTV is calculated as the Bank's loan amount to the value of the underlying commercial real estate collateral.

   3. Balance does not reflect the guaranteed portion of $12.7 million included in loans held for sale. Average balance reflects the unguaranteed,

      unsold portion on the Bank's balance sheet.

   4. Reflects the Bank's basis net of allowance for credit loss reserves against the value of the underlying commercial real estate collateral.

All data as of September 30, 2025, unless otherwise noted.

National Lending Portfolio Roll Forward - Linked Quarter $133.8 $3,626.9 $172.5 $144.6 $113.2 $3,619.6 $4,000 $3,500 $3,000 Millions $2,500 $2,000 $1,500 $1,000 $500 $0

Balance at

6/30/2025

Originations Originated Run-

off (1)

Purchases Purchased Run-

Off (1)

Balance at

9/30/2025

(1) Run-off includes scheduled amortization, principal pay downs and payoffs.

National Lending Purchased Activity by Trailing 5 Quarters $800 $700 $732.9 $144.6 $74.6 $14.0 $41.7 $600 $500 Millions $400 $300 $200 $100 $0



Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 National Lending Originated Activity by Trailing 5 Quarters $300 $250

$246.4

$218.0

$216.6

$126.9

$133.8

$200 Millions $150 $100 $50 $0



Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 National Lending Loan Portfolio Statistics

Investment Size(1)

$15+ Million

21%

$0-$2 Million 26%

$10-15

Million 11%

Collateral State (44 States)

All Other States

$6-$10 Million 16%

Collateral Type

$2-$6 Million 26%

WA 2% IL 2% TX 2% FL 4% NJ 7% 18% NY 42%

Retail(2) 20%

Lender Finance 20%

Multifamily 17%

Mixed Use 10%

Industrial 10%

CA 23%

All Other

4%

Other CRE 4%

Hospitality 6%

Office 9%

1. Average investment size of $946 thousand/loan; originated average: $6.1 million/loan and purchased average: $664 thousand/loan.

   
   
   

2. Includes traditional and non-traditional retail, such as restaurants and gas stations.

Asset Quality Metrics

NPAs & NPLs Classified Commercial Loans(1)

1.50%

1.00%

$35.0

1.03% 0.90% 0.93% 0.83% 0.90% 0.84% 0.55%0.62% $32.1 $30.4 $24.0 $14.7

$30.0

$25.0

Millions

$20.0

0.50%

$15.0

$10.0

0.00%

6/30/23 6/30/24 6/30/25 9/30/25

NPAs/Assets NPLs/Loans

$5.0

$0.0

6/30/23 6/30/24 6/30/25 9/30/25

Allowance for Credit Losses / Gross Loans NCOs / Average Loans(2)

1.50%

1.00%

0.50%

0.00%

1.28% 1.24%

6/30/23 6/30/24 6/30/25 9/30/25

0.40%

0.97%

0.29%

0.30%

0.20%

0.10%

0.00%

(3)

NCOs / Average Loans

0.15% (3) 0.01% (3) 0.01%

0.19%

0.00%

0.08%

0.13%

6/30/23 6/30/24 6/30/25 9/30/25

1. Classified loans includes commercial real estate and commercial and industrial loans risk rated under the Bank's internal loan rating system. These amounts are net of rate mark.

2. Calculated as trailing twelve months of net charge-offs divided by average loans for the same period.

   
   
   

3. Upon the adoption of CECL, the previously designated non-accretable discount is added to the carrying basis of the loan, with an offsetting allowance..

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For the quarters ended June 30, 2024, June 30, 2025, and September 30, 2025, such charged-off discount was 15 basis points, 1 basis points and 1 basis point, respectively. This component does not represent a loss of invested dollars.

Nonperforming Assets Turnover - Quarter Ended September 30, 2025

Nonperforming REO Total Loans

FMV of

Collateral(1) Notes

(Dollars in Thousands)

1. Fair Market Value reflects the projected net proceeds from liquidation of collateral

2. 45% of standard charge-off amount was previously reserved for in the allowance for credit losses

   
   
   

3. Upon the adoption of CECL, the previously designated non-accretable discount was added to the carrying basis of the loan, with an offsetting allowance. The charge-off amount does not represent a loss of invested dollars.

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