Earnings release
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CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it PRESS RELEASE 1 / 10 Results at 30 June 2026 Highest-ever total and recurring net profit thanks to operating leverage and favourable markets - Net profit: €278.7 million (+39%) - Recurring net profit1: €202.1 million (+15%) - Net recurring fees: €291.9 million (+15%) - “Core” operating costs: €164.3 million (+8.5%) Net inflows acceleration and all-time high total assets - Total assets: €121.1 billion (+14% YoY) - Assets under Advanced Advisory: €13.3 billion (+22%) - 1H 2026 net inflows: €4.4 billion (+47%) - 1H 2026 AUI net inflows: €2.1 billion (+31%) Strong capital solidity and liquidity - CET1 ratio at 17.2% and TCR at 19.0% - LCR at 331% and NSFR at 244% Milan, 29 July 2026 – The Board of Directors of Banca Generali approved the consolidated results at 30 June 2026. Chief Executive Officer and General Manager Gian Maria Mossa stated: “We have delivered our best-ever first half performance, with double -digit growth in the main operating items, record net inflows, and all-time high total assets. This result confirms the strength of our business model 1 Consistent with the methodology adopted in previous years, recurring net profit is derived from reported net profit (€278.7 million) after adjusting for performance fees (-€125.0 million), other income ( -€1.4 million), non- recurring costs (+€4.3 million) and provisions ( +€6.0 million), the related tax effects (+€19.9 million) and the additional tax charge at BG FML (+€19.6 million). On this basis, recurring net profit amounted to €202.1 million
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2 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it and our ability to create value through the higher number of clients , the evolution of our products and services, and the ongoing enhancement of revenue quality. In a context marked by volatility and new complexities, advisory continues to play an increasingly crucial role in households’ choices. The strength of our Network is now complemented by increasingly distinctive asset management platforms in Italy, Luxembourg and Ireland, which enable us to expand the solutions we offer our clients, improve our business mix and further strengthen our competitive positioning. At the same time, the development of our key strategic initiatives continues with very encouraging results. Our synergies with Intermonte enhance our range of products and services and foster our dialogue with entrepreneurs. This is the context that has led to PMI2Change: the project we have recently developed together to strengthen the connection between businesses and capital markets, fostering Italian SMEs’ growth path. The completion of the roll -out of the Insurbanking project with Alleanza is also bearing very positive results, with AI -related initiatives advancing at full pace, benefiting the Bank’s efficiency and our Network’s activities. We therefore enter the second half of the year with confidence and determination, drawing on the quality of our people, our solid results and the conviction that we are able to grow further, creating value even in an uncertain scenario.” P&L RESULTS AT 30 JUNE 2026 Banca Generali’s consolidated net profit amounted to €278.7 million in the first half of 2026, up 39.2% compared to €200.2 million for the same period of the previous year. This result was driven by recurring net profit, which reached the all -time high of €202.1 million (+14.6% YoY), thanks to the normalisation of the Bank’s operating dynamics, its distinctive positioning and its diversified business model, further strengthened by the most recent strategic initiatives. Non-recurring net profit stood at €76.6 million (€23.8 million in 1H 2025), benefiting from the significant contribution of the revenue components more closely linked to financial market trends, which more than offset the €19.6 million additional tax charge resulting from the application of the Luxembourg ordinary tax rate to BG Fund Management Luxembourg (BGFML) in 2026, as further detailed below. In further detail: Net banking income rose by 28.4% on an annual basis to €606.8 million, driven by the contribution of all its components, including net recurring fees (€291.9 million; +15.3% YoY) and net financial income (€189.0 million; +6.8% YoY). Variable fees grew to €125.8 million in the period (€42.4 million in 1H 2025), benefiting from particularly favourable market conditions and the investment strategies adopted on behalf of clients. In detail, net interest income rose to €167.4 million (+3.5% YoY), driven by the volumes of retail customers’ deposits. Interest-bearing assets amounted to €17.1 billion (+7.0% YoY), 76% of which financial assets, mainly invested in bonds with a duration of 1.4 years and maturity at 3.3 years (both unchanged compared to year -end 2025). The remaini ng 15% consisted of largely collateralised loans to customers. Net income from trading activities rose to €21.6 million (+41.8% YoY), driven by Banca Generali’s treasury management and the strong contribution of Intermonte’s global market and sales & trading activities, amounting to €13.2 million (+81.9% YoY). Gross recurring fees reached €615.9 million (+11.9% YoY), with a solid increase in all of their components:
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3 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it ‒ investment fees grew by 10.5% to €524.7 million, as a result of significantly higher gross management fees (€494.8 million; +10.4% YoY) and the expansion of average assets and advanced advisory fees (€29.9 million; +11.4% YoY); ‒ other recurring fees (banking, brokerage and entry fees) rose by 21.3% to €91.1 million, primarily as a result of higher volumes of trading activities and placement of structured products and government securities. Net of all payout costs to the Network and third parties, recurring net fees increased by 15.3% to €291.9 million. Variable fees leaped to €125.8 million compared to €42.4 million for the previous year, thanks to the positive performance generated for clients. Operating costs amounted to €181.8 million, up +10.6% YoY, or +8 .7% excluding the non - recurring items chiefly related to the implementation of strategic projects. “Core ” operating cost totalled €164.3 million (+8.5% YoY), increasing as a result of the ongoing IT, AI/Data and People investments to support business sustainability and future growth. Operating efficiency indicators further improved, confirming levels in line with industry best practices: the ratio of operating costs to total assets fell to 30 bps (27 bps excluding Intermonte) compared to 32 bps at year -end 2025 (28 bps excluding Intermonte), whereas the cost/income ratio, adjusted for non-recurring items, was 36.7% (39.0% at year-end 2025). Provisions, contributions to banking funds and net adjustments totalled €24.2 million in the period (-32.3% YoY), mainly reflecting the decline in provisions compared to the previous year’s particularly high levels. On a like -for-like basis and consistently with the previous years , the tax rate amounted to 25.6% (26.3% in 1H 2025). This was in addition to a €19.6 million additional tax charge resulting from the application of the Luxembourg ordinary tax rate to BGFML as tax benefits are currently not applicable in Luxembourg. This charge refers to the period from January to June 2026 and represents the maximum tax expense potentially applicable under the current regulatory framework. In light of the exchanges held in recent months with the competent authorities , which have provided grounds to expect that the current level of taxation is temporary, and of the launch of projects related to the Group’s asset management, the Bank believes it is reasonable to expect the level of taxation to gradually return to a range of 27%-28% by 2028, including the impact of an extraordinary IRAP increase2. P&L RESULTS FOR 2Q 2026 2Q 2026 net profit grew by 69.5% to €152.3 million compared to €89.9 million for the previous year, driven both by the increase in recurring net profit to €108.6 million (+21.5% YoY) and the positive contribution of the items more closely linked to financial market trends. Net banking income rose by 47.3% on an annual basis to €327.2 mil lion, benefiting from the improvement in net recurring fees (€150.7 million; +20.6% YoY), a higher net financial income (€97.2 million; +9.2% YoY) and the concurrent increase in variable fees (€79.2 million compared to €8.0 million in 2Q 2025). 2 Italian 2026 Budget Law
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4 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it Operating costs totalled €91.0 million, including €3.2 million non -recurring costs (€1.2 million in 2Q 2025). “Core” operating costs amounted to €81.8 million (+8.6% YoY) on a like-for-like basis. Profit before taxation stood at €229.6 million (+84.9% YoY), after recognising provisions, contributions to banking funds and net adjustments of €6.6 million compared to €16.2 million for the previous year. On a like -for-like basis , the tax rate , net of the above -mentioned €19.6 million additional tax provision referring to BGFML, was 25.1% in 2Q 2026 (27.4% in 2Q 2025). CAPITAL RATIOS AT 30 JUNE 2026 As regards capital requirements, Banca Generali confirmed its solid regulatory ratios: CET1 ratio at 17. 2% and Total Capital Ratio at 19. 0%. These capital ratios far exceeded the minimum requirements set by SREP – Supervisory Review and Evaluation Process for 2026 of CET1 ratio at 8.6% and TCR at 12.9%. Capital ratios grew thanks to the contribution of retained earnings, net of a dividend payout of 85% of total net profit. At the same time, the increase in RWAs driven by business growth resulted in higher capital absorption. The Bank’s leverage ratio stood at 5.7%, well above the minimum requirement. The Bank’s liquidity ratios remained high: LCR (Liquidity Coverage Ratio) was 331% (337% at the end of 2025) and NSFR (Net Stable Funding Ratio) was 244% (245% at the end of 2025). COMMERCIAL RESULTS At June-end, total assets managed and administered by Banca Generali Group or under its advisory reached a new all-time high at €129.0 billion (+13.6% YoY; +6.7% YTD), broken down as follows: ‒ €121.1 billion (+13.7% YoY; +6.7% YTD) referring to Banca Generali clients’ total assets; ‒ €7.9 billion (+12.0% YoY; +6.6% YTD) referring to Generali Group’s institutional portfolio management and advisory mandates. With regard to Banca Generali clients’ total assets, Assets under Investment (AUI) grew to €80.4 billion (+13.1% YoY; +6.3% YTD) benefiting from the ongoing expansion of the products and services offered by the Bank to meet the growing demand for qualified advisory in a favourable market context. In detail, managed solutions amounted to €56.9 billion (+15.9% YoY; +8.0% YTD), accounting for 71% of total AUI. These solutions were mainly driven by in-house products, such as financial wrappers (€15.2 billion; +17.8% YoY; +5.2% YTD) and in-house funds (€15.0 billion; +25.5% YoY; +13.9% YTD). Other Assets totalled €40.7 billion (+15.0% YoY; +7.6% YTD), thanks to the increase in Assets Under Custody (€28.4 billion; +17.8% YoY; +9.2% YTD) and the resilience of liquidity (€12.3 billion; +9.0% YoY; +3.9% YTD). Assets under Advisory reached €13.3 billion (+22.0% YoY; +10.6% YTD), accounting for 11.0% of total assets.
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5 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it BGFML’s assets stood at €28.0 billion (+21.1% YoY; +10.5% YTD). *** In the first half of 2026, total net inflows amounted to a €4.4 billion (+47% YoY) — the best 1H result ever. The net inflows mix showed excellent quality, with Assets under Investment recording over €2.1 billion net inflows, driven by the strong contribution of managed solutions (€1.94 billion; +128% YoY). Net inflows from Other Assets amounted to €2.3 billion, mainly thanks to demand for securities in Assets Under Custody. BUSINESS OUTLOOK The first half of 2026 was characterised by high geopolitical volatility, particularly due to the conflicts in Ukraine and the Middle East. This impacted the macroeconomic scenario, without weighing on equity markets, which instead reached new all-time highs globally in the second quarter of 2026. Net inflows accelerated sharply in the first six months of 2026, reaching €4.4 billion at June-end and showing a product mix of excellent quality, with €2.1 billion in Assets under Investment (managed products and AUC & Banking under Advisory). In light of these results, Banca Generali has decided to revise its growth targets upwards, aiming to achieve approximately €7.5 billion net inflows in the year (up compared to the previous >€6.5 billion) . This ambitious target is supported by private customers’ structural demand for advisory and by strengthened recruitment activities. The Bank also confirms its ambition to achieve Assets under Investment of >€4.0 billion, up compared to the guidance announced last year, in light of the normalisation of the operating conditions in which the Bank operates. In terms of profitable growth, the Bank confirms it expects net interest income of €335-€345 million for 2026. In the medium and long term, the Bank expects: - management fee margin of around 140-142 basis points, while acknowledging that this range may be temporarily higher thanks to the direct and indirect effects of the positive dynamics of financial markets in the period; - an increase in “core” operating costs of between 6% and 8%, while acknowledging the possibility of an increase of between 8% and 9% in 2026, due to the acceleration of the roll-out of the strategic initiatives; - a tax rate in the range of 27%-28% as of 2028, including the impact of the extraordinary IRAP increase3, while acknowledging that in 2026, and partially in 2027, the tax rate may be higher due to the application of th e ordinary tax rate to the Luxembourg-based subsidiary BGFML. In addition, the Bank also remains strongly focused on executing the key strategic projects already announced, specifically: - the achievement of synergy targets following the integration of Intermonte equal to €40-50 million additional revenues by 2030, €10 -€15 million of which to be delivered as soon as in 2026. In this regard, the integration is generating the expected results, with over 3 Italian 2026 Budget Law
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6 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it €7.8 million additional revenues in 1H 2026 and net profit amounting €6.2 million (+93% YoY) in the period, nearly doubled compared to the previous year; - the full operational capacity of the Insurbanking partnership with Alleanza, the roll-out of which was completed at the end of June 2026 with the Stile Unico policy generating >€260 million insurance premiums since its launch, of which ~€200 million YTD compared to the €500 million target set for the year. As regards current accounts, >5,000 new Conto Unico current accounts were opened against the 15,000 target for full-year 2026; - the presentation of the PMI2Change initiative aimed at supporting the development and value enhancement of Italy’s listed Small and Medium -sized Enterprises and at strengthening Banca Generali's position as the bank of choice for entrepreneurs. The initiative saw the launch of the “Intermonte Valore Italia” index, which includes 100 Italian listed companies with market capitalisation of less than €1 billion and excellent parameters, as well as the launch of a PIR-compliant active ETF. In addition to being a financial instrument supporting listed SMEs, the ambition of PMI2Change is to enable access to the best market opportunities not only for listed companies — including those outside the index and new companies — but also for the large number of enterprises that are not yet listed and are willing to embark upon a virtuous path to get on investors’ radar. To do this, Banca Generali Group together with Intermonte, and partners like Borsa Italiana — providing access to dedicated markets and streamlined listing pathways for SMEs — and PwC Italia — leveraging its extensive experience and longstanding relationships with SMEs at global level — will launch a roadshow across Italy’s main business districts next autumn; - Banca Generali has also completed the signing of the agreement for the acquisition of a 75% interest in Investlinx , an independent platform specialised in active ETFs . The closing will take place in December 2026. The shared initiatives have already been launched, as confirmed by the PIR-compliant active ETF. The Bank will support the launch of the instrument with an initial commitment of €100 million in the first months, expected to be gradually increased over the medium term up to €500 million. PRESENTATION TO THE FINANCIAL COMMUNITY The half -yearly results will be presented to the financial community during a conference call scheduled today, 29 July 2026, at 14:00 CET. Annexes: 1. Banca Generali – Consolidated Profit and Loss Account at 30 June 2026 2. Banca Generali – Consolidated Profit and Loss Account for the Second Quarter of 2026 3. Banca Generali – Reclassified Consolidated Balance Sheet at 30 June 2026 4. Total Assets at 30 June 2026 * ** The Manager responsible for preparing the company's financial reports (Tommaso Di Russo) declares, pursuant to Paragraph 2 of Art. 154 -bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release correspon ds to the documentary results, books and accounting records. Tommaso Di Russo (CFO of Banca Generali)
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7 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it 1) BANCA GENERALI – CONSOLIDATED PROFIT AND LOSS ACCOUNT AT 30 JUNE 2026 m/€ 1H 2025 1H 2026 Chg. % Net Interest Income 161.7 167.4 3.5% Net income (loss) from trading activities and Dividends 15.3 21.6 41.8% Net Financial Income 177.0 189.0 6.8% Gross recurring fees 550.2 615.9 11.9% Fee expenses -297.0 -324.0 9.1% Net recurring fees 253.3 291.9 15.3% Variable fees 42.4 125.8 n.m. Total Net Fees 295.7 417.7 41.3% Total Banking Income 472.7 606.8 28.4% Staff expenses -80.4 -86.4 7.4% Other general and administrative expense -67.1 -75.2 12.1% Depreciation and amortisation -22.5 -24.4 8.6% Other net operating income (expense) 5.6 4.2 -24.9% Total operating costs -164.4 -181.8 10.6% Operating Profit 308.3 425.0 37.9% Net adjustments for impair.loans and other assets -4.6 -2.9 -37.1% Net provisions for liabilities and contingencies -30.0 -20.1 -33.1% Contributions to banking and insurance funds -1.1 -1.2 8.5% Gain (loss) from participations valued at equity -0.3 0.0 n.m. Profit Before Taxation 272.2 400.8 47.2% Direct income taxes -71.5 -102.5 43.4% Minorities interest -0.5 0.0 n.m. Additional Tax charge on BG FML 0.0 -19.6 n.m. Net Profit 200.2 278.7 39.2% Cost/income ratio 34.8% 30.0% -4.8 p.p. EBITDA 330.8 449.4 35.9% Tax rate 26.3% 25.6% -0.7 p.p.
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8 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it 2) BANCA GENERALI – CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE SECOND QUARTER OF 2026 m/€ 2Q 2025 2Q 2026 Chg. % Net Interest Income 82.4 84.8 2.9% Net income (loss) from trading activities and Dividends 6.6 12.4 87.8% Net Financial Income 89.0 97.2 9.2% Gross recurring fees 271.6 314.6 15.8% Fee expenses -146.6 -163.9 11.8% Net recurring fees 125 150.7 20.6% Variable fees 8.0 79.2 n.m. Total Net Fees 133.1 230.0 72.8% Total Banking Income 222.1 327.2 47.3% Staff expenses -39.4 -42.6 8.1% Other general and administrative expense -33.8 -37.9 12.2% Depreciation and amortisation -11.5 -12.4 7.9% Other net operating income (expense) 2.9 1.9 -35.5% Total operating costs -81.8 -91.0 11.3% Operating Profit 140.3 236.1 68.3% Net adjustments for impair.loans and other assets -4.0 -2.2 -45.5% Net provisions for liabilities and contingencies -11.4 -3.8 -66.9% Contributions to banking and insurance funds -0.6 -0.6 8.4% Gain (loss) from participations valued at equity -0.2 0.0 n.m. Profit Before Taxation 124.2 229.6 84.9% Direct income taxes -34.1 -57.7 69.4% Minorities interest -0.2 0.0 n.m. Additional Tax charge on BG FML 0.0 -19.6 n.m. Net Profit 89.9 152.3 69.5% Cost/income ratio 36.8% 27.8% -9.0 p.p. EBITDA 151.8 248.5 63.7% Tax rate 27.4% 25.1% -2.3 p.p.
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9 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it 3) BANCA GENERALI – RECLASSIFIED CONSOLIDATED BALANCE SHEET AT 30 JUNE 2026 m/€ Assets 31/12/2025 30/06/2026 Change % Change Financial assets at fair value through P&L (FVPL) 649.8 668.8 19.0 2.9% Financial assets at fair value through other comprehensive income (FVOCI) 3,545.8 1,421.0 -2,124.8 -59.9% Financial assets at amortised cost 12,896.1 15,526.5 2,630.3 20.4% a) Loans to banks 3,702.4 4,087.5 385.1 10.4% b) Loans to customers 9,193.7 11,439.0 2,245.3 24.4% Hedging derivatives 153.5 128.5 -25.0 -16.3% Equity investments 0.6 1.2 0.6 98.4% Property equipment and intangible assets 364.6 351.5 -13.1 -3.6% Tax receivables 186.6 109.4 -77.2 -41.4% Other assets 657.5 631.1 -26.4 -4.0% Assets under disposal 1.5 1.5 0.0 0.0% Total Assets 18,456.0 18,839.5 383.5 2.1% Liabilities and Shareholders’ Equity 31/12/2025 30/06/2026 Change % Change Financial liabilities at amortised cost 15,922.7 16,209.4 286.7 1.8% a) Due to banks 310.3 346.5 36.2 11.7% b) Direct inflows 15,612.4 15,863.0 250.5 1.6% Financial liabilities held for trading 294.0 241.8 -52.2 -17.8% Tax payables 13.8 18.0 4.2 30.0% Other liabilities 305.0 588.0 283.0 92.8% Special purpose provisions 339.2 269.2 -70.0 -20.6% Valuation reserves 1.9 -4.2 -6.1 n.m. Capital instruments 105.0 105.0 0.0 0.0% Reserves 945.0 1,047.5 102.5 10.8% Additional paid-in capital 52.5 53.1 0.6 1.2% Share capital 116.9 116.9 0.0 0.0% Treasury shares (-) -96.2 -83.7 12.5 -13.0% Shareholders' equity attributable to minority interest 10.5 0.0 -10.5 n.m. Net income (loss) for the period 445.8 278.7 -167.2 -37.5% Total Liabilities and Shareholders’ Equity 18,456.0 18,839.5 383.5 2.1%
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10 / 10 CONTACTS: www.bancagenerali.com Media Relations Michele Seghizzi Tel. +39 02 408 26683 Michele.seghizzi@bancagenerali.it Investor Relations Giuliana Pagliari Tel: +39 02 408 26548 giuliana.pagliari@bancagenerali.it 4) TOTAL ASSETS AT 30 JUNE 2026 3 3 m/€ Dec 2025 Jun 2026 Abs. Chg Chg. Assets under Investment 75,615 80,376 4,761 6.3% Managed Solutions 52,649 56,877 4,228 8.0% Mutual Funds and SICAVs 25,810 28,501 2,691 10.4% of which In House Funds 13,192 15,026 1,835 13.9% of which Third party Funds 12,618 13,475 857 6.8% Financial Wrappers 14,463 15,209 746 5.2% Insurance Wrappers 12,376 13,167 790 6.4% Traditional Life Insurance Policies 15,701 15,445 -256 -1.6% AUC & Banking under Advisory 7,265 8,054 789 10.9% Other Assets 37,857 40,723 2,866 7.6% Assets Under Custody 25,986 28,389 2,403 9.2% Deposits 11,871 12,334 463 3.9% Total Assets 113,472 121,099 7,627 6.7% m/€ Jun 2025 Jun 2026 Abs. Chg Chg. Assets under Investment 71,077 80,376 9,299 13.1% Managed Solutions 49,064 56,877 7,813 15.9% Mutual Funds and SICAVs 24,090 28,501 4,411 18.3% of which In House Funds 11,975 15,026 3,051 25.5% of which Third party Funds 12,115 13,475 1,360 11.2% Financial Wrappers 12,915 15,209 2,294 17.8% Insurance Wrappers 12,059 13,167 1,108 9.2% Traditional Life Insurance Policies 15,576 15,445 -131 -0.8% AUC & Banking under Advisory 6,437 8,054 1,618 25.1% Other Assets 35,416 40,723 5,307 15.0% Assets Under Custody 24,103 28,389 4,285 17.8% Deposits 11,313 12,334 1,022 9.0% Total Assets 106,493 121,099 14,606 13.7%