ACCESSbank Annual Report 2024

SOLID GROUND bold vision 2024 ANNUAL REPORT

SOLID GROUND bold vision

2024 ANNUAL REPORT

Table of Contents

Chairman and CEO’s Message...............................1

President’s Message....................2

By the Numbers............................3

Financial Statement.....................5

Financial Strength and Stability....................................6 Elevating the Client Experience.........................7 Banking Solutions for Every Stage of Business and Life....................9-10 Rooted in Community: Making a Lasting Impact.........10

Leadership Team...........................11

Chairman and CEO’s Message SOLID FOUNDATIONS FOR A BOLD FUTURE

This success isn’t ours alone. It’s built on the trust of our loyal clients, the steadfast support of our shareholders and the incredible hard work of our employees. Their passion and dedication have fueled our growth and solidified our reputation as a bank that helps people turn ideas into action. Looking ahead, we’re more confident than ever. Our strong foundation has prepared us for what’s next – to grow smarter, innovate faster and serve our community better. We’re ready for the future, and we’re honored to have you with us on this journey.

In 2024, we stayed the course, navigating a changing financial landscape with steady hands and a bold vision. ACCESSbank continued its strong, organic growth while staying grounded in the values that make us a true community bank. We’ve grown steadily, reaching nearly $1 billion in total assets. That growth has secured our place as the 10th largest bank in the Omaha metro area. But we’re more than numbers – we’re a bank built on relationships. Big enough to deliver the financial solutions our clients need. Small enough to offer the personal service they deserve. Just ask local businesses, start-ups and entrepreneurs. For 12 straight years, they’ve voted us Best Business Bank in B2B Omaha Magazine. We’ve also earned the Chamber’s Excellence Award six times and proudly received the BBB Torch Award for Ethics. And for the second year in a row, we were recognized as one of the Best Banks to Work For by American Banker – proof that we invest just as much in our people as we do in our clients.

The best is yet to come.

Patrick J. Corrigan Chairman of the Board of Directors and CEO

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

President’s Message

Investing in People Our team is the driving force behind our success. We made investments in talent, strengthening teams across departments and recognizing key roles essential to our long- term vision. These efforts ensure we remain agile, responsive and prepared to meet the evolving needs of our clients. Success starts with strong people, and we are committed to fostering a culture of growth and excellence. Reimagining Our Footprint A bold vision requires spaces that foster both connection and efficiency. This year, we reimagined our physical footprint to enhance collaboration and elevate client service. We laid the groundwork to introduce ACCESSpoint, our first Interactive Teller Machine (ITM) at 42nd & Center, seamlessly integrating advanced technology with personalized support. To further streamline operations, we made plans to unify our business banking teams at our headquarters and relocated our mortgage division to our Oakview location,

This year was defined by purpose and progress. We strengthened the core of our organization – investing in our people, enhancing technology, deepening client relationships and sharpening our strategic vision. Every step we took was intentional, reinforcing our ability to move forward with boldness, resilience and innovation. Our progress wasn’t just about expansion; it was about shaping a future- ready bank – one that adapts, leads and thrives. Strategic Focus This year, we introduced a strategic planning model designed to enhance engagement, accountability and alignment across the organization. By establishing annual themes, we united teams around key objectives, ensuring clarity and purpose in our initiatives. Regular leadership conversations helped sustain momentum while company- wide town hall meetings fostered transparency, open dialogue and progress tracking.

Our progress wasn’t just about expansion; it was about shaping a future-ready bank – one that adapts, leads and thrives.

Innovating for Efficiency We advanced our digital capabilities to enhance service and efficiency, laying the groundwork for a seamless digital client onboarding experience and initiating plans for a dedicated client support center. Additionally, we launched a company-wide intranet and knowledge management system, streamlining internal processes while strengthening security measures. These advancements empower our employees, optimize operations and reinforce our commitment to leveraging technology for greater efficiency and adaptability. Deepening Relationships Strong relationships are at the heart of everything we do, and in 2024 we prioritized strengthening client connections. We launched ACCESSperks, an account referral rewards program, and Work+Life Solutions, equipping our bankers to deliver a seamless, full-service experience for business owners. Standardized service expectations and the development of a Personal Banking Playbook ensured brand consistency across all locations.

creating a hub for personal banking services. These strategic moves ensure a more cohesive and efficient experience for our clients while reinforcing our commitment to service excellence. Looking Ahead The progress we’ve made has prepared us to take bold steps forward. With our people, processes and technology aligned, we are ready to grow our market presence, introduce new technology and continue delivering exceptional service to our clients and community. We are not just maintaining stability – we are building momentum, embracing new opportunities and shaping the future of banking with confidence and purpose.

Tom Corrigan President

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

By the Numbers We’re in the business of banking, and banking is all about the numbers. Here are a few that tell our story.

#10 RANK

$952 MILLION

133 SHAREHOLDERS ACCESSbank is proudly owned by 133 business- minded shareholders, with no individual holding more than 10% of ownership – ensuring our commitment to community-driven growth and shared success.

6 LOCATIONS

ACCESSbank ranks as the 10th largest bank by total deposits in the Omaha MSA.

As of December 2024, ACCESSbank reached $952.2 million in total assets – an increase of $7.5 million from the previous year.

ACCESSbank proudly serves the Omaha area with locations at 87th & Dodge, 64th & Center, 42nd & Center, 140th & Center, 180th & Dodge, and 84th & Harrison.

1 ITM (INTERACTIVE TELLER MACHINE) We’re introducing our very first video banking experience at the 42nd & Center location called ACCESSpoint, making banking on the go easier and more convenient than ever! 4 AMBASSADOR TEAMS ACCESSbank proudly supports 4 employee- led Ambassador Teams through our Ambassador Program, focused on community engagement, workplace culture, employee celebrations and personal wellness.

2007 FOUNDING YEAR ACCESSbank was founded by three local bank executives, including Chairman of the Board and CEO Patrick J. Corrigan, who recognized the need for a strong community bank in Omaha – one that goes above and beyond to serve its customers.

9% GROWTH

120 EMPLOYEES

ACCESSbank has averaged just under 9% annual growth over the last 5 years.

ACCESSbank opened its doors with just 12 employees. Today, we’re proud to have grown into a fantastic team of 120 dedicated employees driving our success forward.

11 YEARS

$105,000 GIVING BACK Since 2023, our Be Kind program has given each employee $500 to support a cause close to their heart— whether assisting a neighbor in need or contributing to a local organization. This initiative reflects our deep commitment to giving back to the community we serve.

9,000 CLIENTS We proudly serve an

ACCESSbank has been consistently recognized by the United Way for our outstanding giving efforts, earning the distinction of a Top 100 Campaign every year since 2014.

estimated 9,000 households and businesses across our 6 locations, including an ITM.

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

ACCESSbank Financial Statement

Balance Sheet (AMOUNTS IN MILLIONS)

ASSETS

2024

2023

2022

Cash and Due From Banks

$ 87.4

$ 34.6

$ 41.7

Investment Securities

89.7

150.9

231.5

Total Loans and Leases

734.8

719.1

635.1

Less: Allowance for Credit Losses

(10.3)

(10.4)

(9.0)

Net Loans and Leases

724.5

708.7

626.1

Other Assets

50.6

46.4

Total Assets

$ 952.2

$ 944.8

$ 945.7

LIABILITIES & EQUITY

2024

2023

2022

Deposits

$ 795.8

$ 758.7

$ 844.5

Borrowed Funds

50.0

75.0

Other Liabilities

8.5

9.9

9.5

Total Liabilities

854.3

843.6

854.0

Total Shareholders’ Equity

97.9

101.2

91.7

Total Liabilities and Shareholders’ Equity

$ 952.2

$ 944.8

$ 945.7

Income Statement (AMOUNTS IN MILLIONS)

2024

2023

2022

Interest and Dividend Income

$ 51.9

$ 44.6

$ 32.4

Interest Expense

(23.3)

(16.0)

(2.7)

Net Interest Income

28.6

29.7

Provision for Credit Losses

(0.3)

(0.2)

(0.7)

Non-Interest Income

7.6

7.5

8.4

Non-Interest Expense

(23.8)

(23.5)

(23.1)

Income Before Taxes

12.1

12.4

14.3

Provision for Income Taxes

(2.2)

(2.7)

(3.1)

Net Income

$ 9.9

$ 9.7

$ 11.2

ACCESSbank Historical Results (AMOUNTS IN MILLIONS)

$734.8

$795.8

$12.1

9.84%

2024

$844.5 $758.7

$14.3 $12.4

12.47% 10.22%

$635.1 $719.1

2023

2022

PRE-TAX EARNINGS

RETURN ON AVG. EQUITY (ROAE)

GROSS LOANS

TOTAL DEPOSITS

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

Financial Strength and Stability Our commitment to financial strength, stability and client trust has been at our core over the past 17 years. Through prudent financial management, a sound investment strategy and an unwavering focus on community banking, we continue to provide our clients with a secure and reliable banking experience. Positioned for Success At ACCESSbank, we take a fundamental approach to banking – one built on sound investments, strong liquidity management and a commitment to protecting our clients’ deposits. We maintain a well-balanced investment portfolio with a mix of short and long-term investments, allowing us to absorb market volatility while meeting client liquidity needs. Our loan portfolio remains low risk, reflecting the strength of our credit risk management. Additionally, our capital levels and loan loss reserves exceed regulatory requirements and outperform peer banks, providing an extra layer of protection against economic downturns or financial stress. At ACCESSbank, we take a fundamental approach to banking – one built on sound investments, strong liquidity management and a commitment to protecting our clients’ deposits.

Strong Financial Indicators  $100.487 million total stockholders’ equity (Holding Company)  1.40% allowance for credit loss to total loans, compared to peer group of 1.20%  0.09% net charge offs to total loans  $10.55 million retirement of holding company debt  No overnight borrowings  0.96% brokered deposits to deposits, compared to 4.4% of peer group  $64.6 million available- for-sale securities, 9.34%

of total assets; limited exposure and less than peer group

Key Financial Metrics That Demonstrate Our Strength

Regulatory Minimum

Regulatory Expectation

ACCESSbank Performance (December 2024)

Metric

Texas Ratio (Measures risk and credit health)

0.03%

N/A

<5% is excellent

9.64%

Tier One Leverage Ratio

4.00%

5.00%

12.73%

Total Capital Ratio

8.00%

10.00%

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

Elevating the Client Experience At ACCESSbank, our vision for 2025 is clear – continuously enhancing the client experience while maintaining the high- level service that sets us apart. As we look ahead, we are making strategic advancements in digital banking, refining internal processes and leveraging data-driven insights to create meaningful client interactions. By blending innovation with our personalized approach, we are solidifying our position as Omaha’s superior choice for community banking.

Strengthening Our Business Banking Solutions While we embrace new technology, we remain true to our roots – continuing to find new ways to better serve our business clients. Through a combination of organizational enhancements, new product development and ongoing refinements to existing solutions, we are ensuring that businesses of all sizes receive the best financial tools and expertise available. By integrating technology into our business banking solutions, we are making it easier for companies to access capital, manage finances and grow with confidence.

Advancing Digital Banking Technology is transforming the way clients bank, and we are committed to staying ahead of the curve. In 2025, we are elevating our digital capabilities with several key initiatives designed to make banking more accessible, efficient and client focused. From enhanced online banking and a streamlined online account opening process to expanded chat support and the development of a client support center, our goal is to provide a seamless experience across every touchpoint. These advancements ensure that whether a client prefers digital convenience or in-person interactions, they receive the same high- quality service ACCESSbank is known for. Data-Driven Enhancements As part of our commitment to continuous improvement, we are exploring new ways to utilize data from our core system to create more actionable and personalized client interactions. By leveraging insights, we can anticipate client needs, refine internal processes and enhance the overall banking experience. These improvements not only create efficiencies but also strengthen the personal connections that define our client relationships.

Looking Ahead: A Future Built on Innovation and Service

At ACCESSbank, the future isn’t just about technology – it’s about creating a better, more seamless banking experience while preserving the high-touch service our clients value. As we move forward, our focus remains on delivering the best of both worlds – the convenience and efficiency of a large financial institution paired with the personal relationships and exceptional service that set us apart. Through strategic advancements, data-driven insights and a relentless focus on the client experience, we are not just preparing for the future – we are shaping it.

As we look ahead, we are making strategic advancements in digital banking, refining internal processes and leveraging data-driven insights to create meaningful client interactions.

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

Banking Solutions for Every Stage of Business and Life

SBA Lending Solutions SBA 7(a) and SBA 504 loans with competitive terms and lower down payments for small business growth. Equipment Financing Cost-effective financing options for acquiring machinery, vehicles and technology to support business operations. Business Lines of Credit Flexible working capital to help businesses manage cash flow, cover expenses or seize new opportunities. Personal Banking Comprehensive banking options provide convenience, growth and security for individuals at every stage of life. Personal Banking Accounts A range of deposit accounts are available to suit diverse financial needs, all with free nationwide ATM access. Clients can choose from free checking accounts for everyday banking convenience or premium interest-bearing options, including money market accounts and CDs, designed to help maximize savings. Mortgage Solutions A range of mortgage solutions ensures financing options for first-time homebuyers, luxury properties and refinancing needs, including Conventional, Government, Portfolio and Executive Mortgages.

We know every client has unique financial goals, which is why a full suite of business and personal banking solutions is offered to simplify financial management and support long- term success. Whether managing daily finances, planning for the future or expanding a business, our tailored products and personalized service empower clients to thrive. Business Banking Businesses require financial tools that support growth, optimize cash flow and provide operational efficiency. ACCESSbank offers customized business banking solutions designed for start-ups, nonprofits and large corporations alike. Business Banking Accounts Business banking accounts are designed to maximize efficiency and support financial growth. Options include low-cost business checking, interest-bearing accounts for maximizing returns and specialized nonprofit accounts tailored for mission-driven organizations. Treasury Management A comprehensive suite of Treasury Management Services helps businesses streamline operations and protect financial assets. ACH Services Automated payroll, vendor payments and collections for secure, efficient transactions. Positive Pay Fraud Protection Reduces fraud risk by verifying check and ACH transactions before processing. Remote Deposit Capture Allows businesses to deposit checks from anywhere, improving cash flow and efficiency. Business Loans Customized lending solutions provide the financial resources necessary to expand and strengthen businesses. Commercial Real Estate and Construction Loans Financing for purchasing, developing or renovating commercial properties.

Home Equity Loans and Lines of Credit (HELOCs)

Fixed-rate home equity loans and flexible HELOCs allow homeowners to tap into their home’s value for renovations, debt consolidation or major expenses. Construction, Bridge and Lot Loans Whether constructing a custom home, purchasing land or transitioning between properties, construction, bridge and lot loans provide tailored financing solutions. Personal Loans and Auto Financing A range of lending solutions, including unsecured personal loans, personal lines of credit and auto loans, offers competitive rates and flexible repayment options for major purchases or unexpected expenses.

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

Bank Anytime, Anywhere With robust online and mobile banking tools, ACCESSbank ensures that clients can manage their finances securely and efficiently – whether handling personal accounts, business transactions or Treasury Management services.

Executive Banking For physicians, executives and ACCESSbank shareholders, Executive Banking provides a premier financial experience, offering high-yield deposit accounts, priority service and tailored lending solutions. This exclusive program is designed for those who require sophisticated banking solutions and expert financial guidance.

Rooted in Community: Making a Lasting Impact

the community we serve. By engaging in leadership roles, our employees help drive positive change and extend ACCESSbank’s commitment to community support. The Be Kind Program Our Be Kind program is a pay-it-forward initiative that inspires kindness and generosity. Every employee is entrusted with $500 to support a cause meaningful to them – whether that means assisting a neighbor in need, donating to a local nonprofit or funding a community project. These individual acts of kindness reflect our collective commitment to being thoughtful, impactful contributors of time, talent and resources.

At ACCESSbank, community isn’t just part of what we do – it’s who we are. Our commitment to giving back is deeply woven into our culture, driving us to make meaningful contributions where we live and work. Whether we’re providing financial solutions for our clients, supporting local nonprofits or volunteering our time and talents, we are dedicated to making our community a stronger, more vibrant place to live. Investing in Local Nonprofits ACCESSbank is proud to support local nonprofit organizations through financial contributions, in-kind services and volunteer efforts. To ensure our support reaches where it’s needed most, all donation and sponsorship requests are thoughtfully reviewed by our Donations and Sponsorships Committee. We prioritize requests from our employees and clients, recognizing the value of supporting the causes that matter most to our ACCESSbank stakeholders. Volunteer Time Off (VTO) We believe that making a difference starts with empowering our employees to give back. Our Volunteer Time Off (VTO) program provides paid time for employees to volunteer with nonprofit organizations and community initiatives. Whether it’s volunteering at a local charity, helping with a community event or supporting a cause close to their heart, our employees are encouraged to use their VTO to make a meaningful impact. Leadership Through Service ACCESSbank actively encourages our employees to serve on boards and committees within the community. This involvement not only fosters professional and personal growth but also strengthens our connection to

At ACCESSbank, we believe that every action counts. Whether through volunteering, community leadership or supporting local organizations, we’re proud to stand beside our employees and our community in making a positive impact.

Here’s to making a difference – today, tomorrow and every day.

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

Leadership Team Our strength lies in the dedicated leadership that drives our vision forward. From our Board of Directors to our Executive Management Team, we are guided by experience, integrity and a deep commitment to serving our clients and community. Together, these leaders ensure that ACCESSbank continues to grow, innovate and provide exceptional financial solutions while staying true to our core values.

Board of Directors Our Board of Directors brings diverse expertise from a range of industries, ensuring strong governance and strategic direction for the bank’s future.

Executive Management Team Our Executive Management Team leads with a client- first approach, ensuring ACCESSbank remains a trusted banking partner.

Patrick J. Corrigan Chairman of the Board

Justin Lovegrove The ARC Group

Chad Rutar Renaissance Financial

Patrick J. Corrigan Chief Executive Officer

Tom Corrigan President

Joseph Lempka Kiewit Corporation

J. Brian Gill Nebraska Spine + Pain Center

F. Jason Fowler Executive Vice President Chief Financial Officer

Scott McGregor Executive Vice President Chief Operations Officer

Rex Fisher HDR, Inc.

Elizabeth Whited Union Pacific

Al Vermeer People’s Bank

Katie Henry Executive Vice President Consumer Banking

Mack La Rock Executive Vice President Chief Banking Officer

Tom Corrigan ACCESSbank

SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT

In founding ACCESSbank, our goal was clear: not to be the biggest bank in Omaha but the best. Our commitment is to our clients, our culture and our community – investing in relationships, innovative solutions and services that resonate on a personal level. We believe in high-touch service, in giving back and in a vision that goes beyond banking to build a stronger community. – Patrick J. Corrigan

2024 ANNUAL REPORT

Midtown 8712 W. Dodge Rd. Omaha, NE 68114 Aksarben 6405 Center St. Omaha, NE 68106 ACCESSpoint ITM Center Mall 1941 S. 42nd St. Omaha, NE 68105

Oakview 2710 S. 140th St. Omaha, NE 68144 Village Pointe 203 N. 180th St. Omaha, NE 68118 La Vista 7223 S. 84th St. La Vista, NE 68128

ACCESSbank.com

Equal Housing Lender | Member FDIC

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