Bank7 Corp.

Note 1: Nature of Operations and Summary of Significant Accounting Policies

Nature of Operations

Bank7 Corp. (the “Company”) is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary, Bank7 (the “Bank”). The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers located in Oklahoma, Texas, and Kansas. The Bank is subject to competition from other financial institutions. The Company is subject to the regulation of certain federal agencies and undergoes periodic examinations by those regulatory authorities.

Basis of Presentation

The accompanying unaudited interim condensed consolidated financial statements contained herein reflect all adjustments which are, in the opinion of management, necessary to provide a fair statement of the financial position, results of operations, and cash flows of the Company for the interim periods presented. All such adjustments are of a normal and recurring nature. There have been no significant changes in the accounting policies of the Company since December 31, 2025, the date of the most recent annual report. The condensed consolidated balance sheet of the Company as of December 31, 2025 has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and notes normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. The information contained in the financial statements and footnotes included in the Company’s annual report for the year ended December 31, 2025, should be referred to in connection with these unaudited interim consolidated financial statements. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company, the Bank and its wholly-owned subsidiaries: First American Mortgage, LLC, which provides residential mortgage lending services, 1039 NW 63rd, LLC, which holds real estate utilized by the Bank, and, through the date of its dissolution in the second quarter of 2026, Giddings Production, LLC, which was engaged in the production of oil, natural gas and natural gas liquid (“NGL”) reserves in Texas. All significant intercompany accounts and transactions have been eliminated in consolidation.

Segments

The Company continues to operate as asingle reportable segment, as described in Note 1 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The Company’s chief operating decision-maker (“CODM”) is the Chief Executive Officer. The Company’s operations are managed and financial performance is evaluated on a Company-wide basis. The CODM uses net income and total assets to allocate resources across the Company and assess performance.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses.

Recent Accounting Pronouncements

Standards Adopted During Current Period:

In December 2025, the FASB issued ASU 2025-12, Codification Improvements. This update includes a wide range of amendments to clarify, correct errors in, and make minor improvements to the Accounting Standards Codification. The Company early adopted this ASU effective January 1, 2026. The adoption did not have a material impact on the Company’s consolidated financial statements.

In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This update provides a practical expedient allowing entities to assume that current economic conditions will remain unchanged for the life of short-term financial assets, such as trade receivables, that arise from contracts with customers. The Company adopted this ASU effective January 1, 2026. The adoption did not have a material impact on the Company’s consolidated financial statements.

In November 2024, the FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments. This ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The Company adopted this ASU effective January 1, 2026. The Company does not currently have any convertible debt instruments; therefore, the adoption did not have a material impact on the Company’s consolidated financial position, results of operations, or disclosures.

Standards Not Yet Adopted:

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. This update is intended to improve the clarity and consistency of interim reporting requirements. The amendments are effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements. This update aims to better align hedge accounting with an entity’s risk management activities. The amendments are effective for fiscal years beginning after December 15, 2026. The Company does not apply formal hedge accounting and therefore does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

In November 2025, the FASB issued ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans. This ASU modifies the accounting for expected credit losses for purchased financial assets, including extending the gross-up approach currently applied to purchased credit-deteriorated assets to most loans acquired in a business combination, which eliminates the recognition of credit loss expense at acquisition for those loans. The standard is effective for fiscal years beginning after December 15, 2026, with early adoption permitted. As discussed under Subsequent Events below, the Company completed its acquisition of Century Financial Services Corporation (“Century”) on November 1, 2026, which included the acquisition of loans. The Company is evaluating the early adoption of this ASU, including its application to the loans acquired from Century.

In September 2025, the FASB issued ASU 2025-07, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606). This update provides targeted refinements to the scope of derivative accounting. The standard is effective for annual periods beginning after December 15, 2026. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. This ASU requires public business entities to disclose disaggregated information about certain expense captions, including compensation costs, depreciation and amortization, advertising costs, shipping and handling costs, and research and development costs, in the notes to their financial statements. The amendments are effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statement disclosures.

Subsequent Events

On November 1, 2026, the Company completed its acquisition of Century Financial Services Corporation (“Century”), the parent company of Century Bank, headquartered in Santa Fe, New Mexico, pursuant to the Agreement and Plan of Merger dated September 16, 2026 (the “Merger Agreement”). Under the Merger Agreement, Century merged with and into the Company, with the Company as the surviving entity. The aggregate consideration to Century shareholders under the Merger Agreement consisted of $70.0 million in cash and 1,232,657 shares of the Company’s common stock, with cash paid in lieu of fractional shares and of shares otherwise issuable to non-accredited shareholders. Shares not yet issued will be issued upon receipt of the remaining shareholders’ letters of transmittal. Based on the closing price of the Company’s common stock of $58.63 on October 30, 2026, the last trading day before the acquisition date, the aggregate consideration was valued at approximately $142.3 million. In addition, Century’s outstanding phantom stock units vested upon completion of the merger and will be settled by the Company in cash for approximately $5.2 million. The $7.25 million good-faith deposit discussed in Note 2 was applied toward the cash consideration at closing. In connection with the merger, the Company assumed Century’s junior subordinated debentures and subordinated notes with an aggregate principal balance of approximately $39.5 million. The acquisition extends the Company’s franchise into New Mexico and adds approximately $1.2 billion of deposits. Century Bank is expected to merge with and into the Bank on or about January 1, 2027.

The acquisition will be accounted for as a business combination using the acquisition method of accounting. Due to the timing of the acquisition, the initial accounting for the business combination, including the determination of the fair values of the assets acquired and liabilities assumed and the resulting goodwill, was incomplete at the time these condensed consolidated financial statements were issued. As a result, the Company is unable to disclose the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed, the amount of goodwill, or the supplemental pro forma revenue and earnings of the combined entity. These disclosures will be included in the Company’s Annual Report on Form 10-K for the year ending December 31, 2026.

Note 2: Recent Events, Including Mergers and Acquisitions

Acquisition and Disposition of Oil and Natural Gas Properties

On October 31, 2023, the Company entered into an asset purchase and sale agreement, effective September 1, 2023, to acquire proved oil and natural gas properties from HB2 Origination, LLC for a total purchase price of $15.1 million, after closing adjustments.

On April 10, 2026, the Company completed the sale of these proved oil and natural gas properties for a base purchase price of $5.2 million. The transaction had an effective date of April 1, 2026. After customary closing adjustments, the Company received net cash proceeds of $5.2 million. At the time of the sale, the assets had a remaining net book value of $7.8 million. In connection with the sale, the purchaser assumed the associated asset retirement obligations of $0.3 million, which, along with miscellaneous adjustments of $0.2 million, resulted in a recognized pre-tax loss of $2.1 million during the second quarter of 2026. The disposition did not represent a strategic shift that will have a major effect on the Company’s operations and financial results. As such, the transaction did not qualify for discontinued operations reporting, and the loss on sale, along with the historical results of the oil and gas operations, are included within continuing operations.

Following the sale, the Company hadno oil and gas assets or related asset retirement obligations remaining on its consolidated balance sheets as of September 30, 2026. For comparison, the Company had oil and gas assets and related receivables included in interest receivable and other assets on the consolidated balance sheets of $8.9 million, and asset retirement obligations and oil and gas related liabilities included in interest payable and other liabilities of $0.8 million as of December 31, 2025.

The Company had oil and gas related revenues included in “Other” noninterest income on the consolidated statements of comprehensive income of $0 and $0.9 million for the three and nine months ended September 30, 2026, respectively, compared to $1.3 million and $4.0 million for the three and nine months ended September 30, 2025.

The Company had oil and gas related expenses included in “Other” noninterest expense on the consolidated statements of comprehensive income of $0 and $2.6 million for the three and nine months ended September 30, 2026, respectively, comparedto $1.4 million and $3.4 million for the three and nine months ended September 30, 2025. The oil and gas related expenses for the three and nine months ended September 30, 2026, include the $2.1 million pre-tax loss recognized on the sale of the assets.

Acquisition of Century Financial Services Corporation

On July 1, 2026, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with a court-appointed receiver to serve as a “stalking horse” bidder to acquire approximately 71% of the outstanding shares of Century for a cash purchase price of $68.0 million. In connection with the Purchase Agreement, the Company funded a required good-faith deposit of $7.25 million during the third quarter of 2026. The deposit is included in interest receivable and other assets on the consolidated balance sheet as of September 30, 2026.

On September 3, 2026, following a court-supervised auction at which the Company was the successful bidder, the Company and the receiver entered into a First Amendment to the Purchase Agreement, which increased the purchase price to approximately $89.0 million.

On September 16, 2026, the Company entered into the Merger Agreement with Century, which replaced the stock purchase contemplated by the Purchase Agreement. The Company reserved its rights under the Purchase Agreement in the event the merger was not completed. The Company incurred acquisition-related expenses of $0.7 million and $1.0 million for the three and nine months ended September 30, 2026, respectively, which are included in accounting, marketing and legal fees and other noninterest expense on the consolidated statements of comprehensive income. The merger was completed on November 1, 2026. See “Subsequent Events” in Note 1.

Note 3: Earnings per Share

Basic earnings per common share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period. Basic earnings per share (“EPS”) is computed based upon net income divided by the weighted average number of common shares outstanding during the period.

Diluted EPS represents the amount of earnings for the period available to each share of common stock outstanding including common stock that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during each reporting period. Diluted EPS is computed based upon net income divided by the weighted average number of common shares outstanding during each period, adjusted for the effect of dilutive potential common shares, such as restricted stock awards and nonqualified stock options, calculated using the treasury stock method.

The following table shows the computation of basic and diluted earnings per share:

(1)The following have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented: Restricted stock units of 0 for the three month periods ended September 30, 2026 and 2025, and 0 for the nine month periods ended September 30, 2026 and 2025.

On November 1, 2026, in connection with the acquisition of Century Financial Services Corporation, the Company issued or will issue approximately 1.23 million shares of common stock, which are not included in the weighted-average shares outstanding for any period presented. See “Subsequent Events” in Note 1.

Note 4: Debt Securities

The following table summarizes the amortized cost and fair value of debt securities available-for-sale at September 30, 2026 and December 31, 2025 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income:

(1)All mortgage-backed securities and collateralized mortgage obligations are issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored entities.

(2)Included in amortized cost of mortgage-backed securitiesis $17.33 million and $19.09 million of residential mortgage-backed securities and$7.64 million and $8.22 million of commercial mortgage-backed securities as of September 30, 2026 and December 31, 2025, respectively.

The amortized cost and estimated fair value of investment securities at September 30, 2026 and December 31, 2025, by contractual maturity, are shown below. The expected life of mortgage-backed securities will differ from contractual maturities because borrowers may have the right to call or prepay the underlying mortgage loans with or without call or prepayment penalties.

There wereno holdings of securities of issuers in an amount greater than 10% of shareholders’equity at September 30, 2026.

The following table presents a summary of realized gains and losses from the sale, prepayment and call of debt securities for thethree and nine months ended September 30, 2026 and September 30, 2025.

The following table details book value of pledged securities as of September 30, 2026 and December 31, 2025:

The following table details gross unrealized losses and fair values of investment securities aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2026 and December 31, 2025. The unrealized losses are due to increases in market interest rates over the yields available at the time the underlying debt securities were purchased or acquired. The fair value of those debt securities having unrealized losses is expected to recover as the securities approach their maturity date or repricing date, or if market yields for such investments decline. As of September 30, 2026, the Company didnot intend to sell these securities, and it was not more likely than not that the Company would be required to sell them before recovery of their amortized cost basis. As of September 30, 2026 and December 31, 2025, there wasno allowance for credit losses recorded related to investment securities.

(1)The state and political subdivision securities, $12.78 million and $16.33 million are rated BBB+ or better and $1.44 million and $1.45 million are not rated as of September 30, 2026 and December 31, 2025, respectively.

(2)The corporate debt securities are not rated.

Note 5: Loans and Allowance for Credit Losses

A summaryof loans at September 30, 2026 and December 31, 2025, are as follows (dollars in thousands):

The following table presents, by portfolio segment, the activity in the allowance for credit losses for the three months ended September 30, 2026 and 2025 (dollars in thousands):

The following table presents, by portfolio segment, the activity in the allowance for credit losses for the nine months ended September 30, 2026 and 2025 (dollars in thousands):

Internal Risk Categories

Each loan segment is made up of loan categories possessing similar risk characteristics.

Risk characteristics applicable to each segment of the loan portfolio are described as follows:

Real Estate – The real estate portfolio consists of residential and commercial properties. Residential loans are generally secured by owner occupied 1–4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Company’s market areas that might impact either property values or a borrower’s personal income. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Commercial real estate (CRE) loans in this category typically involve larger principal amounts and are repaid primarily from the cash flow of a borrower’s principal business operation, the sale of the real estate or income independent of the loan purpose. Credit risk in these loans is driven by the creditworthiness of a borrower, property values, the local economy and other economic conditions impacting a borrower’s business or personal income. Construction and development loans introduce additional risks, as repayment is generally dependent on the successful completion of the project and the subsequent sale or permanent financing of the property. Credit risk in these loans is primarily driven by potential construction delays, cost overruns, and shifts in market conditions or interest rates that could impact the ultimate value of the project or the borrower’s ability to secure permanent financing.

Commercial & Industrial – The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations.

Agricultural – Loans secured by agricultural assets are generally made for the purpose of acquiring land devoted to crop production, cattle or poultry or the operation of a similar type of business on the secured property. Sources of repayment for these loans generally include income generated from operations of a business on the property, rental income or sales of the property. Credit risk in these loans may be impacted by crop and commodity prices, the creditworthiness of a borrower, and changes in economic conditions which might affect underlying property values and the local economies in the Company’s market areas.

Consumer – The consumer loan portfolio consists of various term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment for these types of loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors, such as unemployment and general economic conditions in the Company’s market area and the creditworthiness of a borrower.

Loan grades are numbered 1 through 4. Grade 1 is considered satisfactory. The grades of 2 and 3, or Watch and Special Mention, respectively, represent loans of lower quality and are considered criticized. Grade of 4, or Substandard, refers to loans that are classified.

The Company evaluates the definitions of loan grades and the allowance for credit losses methodology on an ongoing basis. No changes were made to either during theperiod ended September 30, 2026.

The following tables present the amortized cost of the Company’s loan portfolio by year of origination based on internal rating category as of September 30, 2026 and December 31, 2025, respectively (dollars in thousands).

The following tables present the gross charge-offs of the Company’s loan portfolio by year of origination based on internal rating categoryfor the nine months ended September 30, 2026 and September 30, 2025, respectively (dollars in thousands).

Aged Analysis of Past Due Loans Receivable

The following table presents the Company’s loan portfolio aging analysis of the recorded investment in loans as of September 30, 2026 and December 31, 2025 (dollars in thousands):

Nonaccrual Loans

The following table presents information regarding nonaccrual loansas of September 30, 2026 and December 31, 2025 (dollars in thousands):

Interest income recognized on the nonaccrual loans for the three and nine months ended September 30, 2026, and 2025 was considered immaterial.

Collateral Dependent Loans

A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. During the three months ended September 30, 2026 and September 30, 2025, no material amount of interest income was recognized on collateral-dependent loans subsequent to their classification as collateral-dependent. At a minimum, the estimated value of the collateral for loan equals the current book value.

The following table summarizes collateral-dependent gross loans held for investment by collateral type and the related specific allocation as follows (dollars in thousands):

Loan Modifications to Borrowers Experiencing Financial Difficulty

As part of the Company’s ongoing risk management practices, the Company attempts to work with borrowers experiencing financial difficulty and when necessary to extend or modify loan terms to better align with their current ability to repay. Modifications could include extension of the maturity date, reductions of the interest rate, reduction or forgiveness of accrued interest, or principal forgiveness. Combinations of these modifications may also be made for individual loans. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Principal reductions may be made in limited circumstances, typically for specific commercial loan workouts, and in the event of borrower bankruptcy. Each occurrence is unique to the borrower and is evaluated separately. A change to the allowance for credit losses is generally not recorded upon modification because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance methodology.

The assessment of whether a borrower is experiencing financial difficulty can be subjective in nature and management’s judgment may be required in making this determination. The Company may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any of its debt, or if it is probable that a borrower may default in the foreseeable future absent a modification. Many aspects of a borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty.

During the three months ended September 30, 2026, the Company modified four loans for borrowers experiencing financial difficulty. Three of these modifications were related to a single borrower relationship and consisted oftwo 1–4 family real estate loans andone commercial and industrial loan; two of the loans received a term extension and a payment delay, while thethird received a payment delay. The remaining modification involvedone commercial real estate loan, which received a payment delay. As of September 30, 2026, the period-end amortized cost basis of these modified loans was as follows:

During the three months ended September 30, 2025, the Company modifiedno loans to borrowers experiencing financial difficulty.

During the nine months ended September 30, 2026, the Company modified eight loans for borrowers experiencing financial difficulty, two of which were paid off prior to September 30, 2026. Of thesix modified loans outstanding as of September 30, 2026, three were related to a single borrower relationship and consisted oftwo 1–4 family real estate loans andone commercial and industrial loan; two of these loans received a term extension and a payment delay, while thethird received a payment delay. The remaining three modifications involvedone commercial real estate loan andtwo commercial and industrial loans; thetwo commercial and industrial loans received term extensions, while the commercial real estate loan received a payment delay. As of September 30, 2026, the period-end amortized cost basis of these modified loans was as follows:

During the nine months ended September 30, 2025, the Company modified eight loans for borrowers experiencing financial difficulty. Six of these modifications were related to a single borrower relationship and consisted ofone construction and development loan andfive commercial and industrial loans, all of which received term extensions. The remainingtwo modifications involvedone commercial real estate loan andone commercial and industrial loan, both of which received a term extension and a payment delay. As of September 30, 2025, the period-end amortized cost basis of these modified loans was as follows:

The Company closely monitors the performance of loans modified for borrowers experiencing financial difficulty. There were no loans modified for borrowers experiencing financial difficulty that subsequently defaulted during the 12-month period ended September 30, 2026.

Note 6: Shareholders’ Equity

On October 26, 2023, the Company adopted a Repurchase Plan (the “Plan”) authorizing the repurchase of up to 750,000 shares of the Company’s stock. On August 20, 2025, the Board of Directors approved the renewal of the Plan. Stock repurchases under the Plan take place pursuant to a Rule 10b5-1 Plan with pricing and purchasing parameters established by management. The Plan may be suspended or discontinued at any time. There wereno share repurchases under the Plan during the period ended September 30, 2026.

A summary of the activity under the repurchase plan is as follows:

The Company and Bank are subject to risk-based capital guidelines issued by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under GAAP, regulatory reporting requirements and regulatory capital standards. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s and the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements.

Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the following table) of total, Tier I, and Common Equity capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital (as defined) to average assets (as defined). Management believes, as of September 30, 2026, that the Company and Bank meet all capital adequacy requirements to which it is subject and maintains capital conservation buffers that allow the Company and Bank to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to certain executive officers.

As of September 30, 2026, the most recent notification from the Federal Deposit Insurance Corporation (FDIC) categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain capital ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category.

The Company’s and Bank’s actual capital amounts and ratios are presented in the following table (dollars in thousands):

The federal banking agencies require that banking organizations meet several risk-based capital adequacy requirements. The current risk-based capital standards applicable to the Company and the Bank are based on the Basel III Capital Rules established by the Basel Committee on Banking Supervision (the “Basel Committee”). The Basel Committee is a committee of central banks and bank supervisors/regulators from the major industrialized countries that develops broad policy guidelines for use by each country’s supervisors in determining the supervisory policies they apply. The requirements are intended to ensure that banking organizations have adequate capital given the risk levels of assets and off-balance sheet financial instruments.

The Basel III Capital Rules require the Bank and the Company to comply with four minimum capital standards: a Tier 1 leverage ratio of at least 4.0%; a Common Equity Tier 1 (“CET1”) capital to risk-weighted assets of 4.5%; a Tier 1 capital to risk-weighted assets of at least 6.0%; and a total capital to risk-weighted assets of at least 8.0%. The calculation of all types of regulatory capital is subject to definitions, deductions and adjustments specified in the regulations.

The Basel III Capital Rules also require a “capital conservation buffer” of 2.5% above the regulatory minimum risk-based capital requirements. The capital conservation buffer is designed to absorb losses during periods of economic stress and effectively increases the minimum required risk-weighted capital ratios. Banking institutions with a ratio of CET1 to risk-weighted assets below the effective minimum (4.5% plus the capital conservation buffer) are subject to limitations on certain activities, including payment of dividends, share repurchases and discretionary bonuses to executive officers based on the amount of the shortfall.

As of September 30, 2026, the Company’s and the Bank’s capital ratios exceeded the minimum capital adequacy guideline percentage requirements under the Basel III Capital Rules on a fully phased-in basis.

The Bank is subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval. At September 30, 2026, approximately $93.3 million of retained earnings was available for dividend declaration from the Bank without prior regulatory approval.

Note 7: Related-Party Transactions

At September 30, 2026 and December 31, 2025, the Company had loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) in the amount of $9.9 millionand $10.5 million, respectively. A summary of these loans is as follows (dollars in thousands):

The Company holds deposits from related parties, including directors, executive officers, and their related interests. Related party deposits totaled $64.4 million and $66.6 million as of September 30, 2026, and December 31, 2025, respectively. These deposit balances represented 23.54% and 26.55% of total shareholders’ equity at September 30, 2026 and December 31, 2025, respectively. All such deposits were made in the ordinary course of business on substantially the same terms, including interest rates, as those prevailing at the time for comparable transactions with other persons.

The Bank leases office and retail banking space in Oklahoma City and Woodward, Oklahoma from Central Park on Lincoln, LLC and Haines Realty Investments Company, LLC, respectively, both related parties of the Company. Lease payments totaled $108,000 and $82,000 for the three months ended September 30, 2026 and 2025, respectively and$273,000 and $245,000 for the nine months ended September 30, 2026 and 2025, respectively. In addition, payroll and office sharing arrangements were in place between the Company and certain of its affiliates.

Note 8: Employee Benefits

401(k) Savings Plan

The Company has a retirement savings 401(k) plan covering substantially all employees. Employees may contribute up to the maximum legal limit with the Company matching up to 5% of the employee’s salary. Employer contributions charged to expense for the three months ended September 30, 2026 and 2025 totaled $99,000 and $89,000, respectively. Employer contributions charged to expense for the nine months ended September 30, 2026 and 2025 totaled $371,000 and $338,000, respectively.

Stock-Based Compensation

The Company adopted the Bank7 Corp. 2018 Equity Incentive Plan (the “Incentive Plan”) in September 2018. The Incentive Plan permits the grant of restricted stock units and nonqualified incentive stock options. The Incentive Plan will terminate in September 2028, if not extended. Compensation expense related to the Incentive Plan for the three months ended September 30, 2026 and 2025 totaled $803,000 and $842,000, respectively. Compensation expense related to the Incentive Plan for the nine months ended September 30, 2026 and 2025 totaled $2.1 million and $2.3 million, respectively. There were 641,189 shares available for future grants as of September 30, 2026.

The Company grants to employees and directors restricted stock units (RSUs) which vest ratably overone, three, four, five, oreight years and stock options which vest ratably over four years. All RSUs and stock options are granted at the fair value of the common stock at the time of the award. The RSUs are considered fixed awards as the number of shares and fair value are known at the date of grant and the fair value at the grant date is amortized over the vesting and/or service period.

The Company uses newly issued shares for granting RSUs and stock options.

The following table is a summary of the stock option activity under the Bank7 Corp. 2018 Equity Incentive Plan:

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model and is based on certain assumptions including risk-free rate of return, dividend yield, stock price volatility and the expected term. The fair value of each option is expensed over its vesting period.

There wereno new grants for the nine months ended September 30, 2026 and 2025.

The following table summarizes share information about RSUs for the nine months ended September 30, 2026 and 2025:

As of September 30, 2026, there was approximately $8.3 million of unrecognized compensation expense related to 239,868 unvested RSUs and $362 of unrecognized compensation expense related to 500 unvested stock options. The RSU expense is expected to be recognized over a weighted average period of 3.41 years. The stock option expense is expected to be recognized over a weighted average period of 0.07 years.

As of September 30, 2025, there was approximately $7.3 million of unrecognized compensation expense related to 268,954 unvested RSUs and $9,000 of unrecognized compensation expense related to 66,375 unvested and/or unexercised stock options. The RSU expense is expected to be recognized over a weighted average period of 3.80 years. The stock option expense is expected to be recognized over a weighted average period of 0.91 years.

Note 9: Disclosures About Fair Value of Assets and Liabilities

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value:

Recurring Measurements

Assets and liabilities measured at fair value on a recurring basis include the following:

Available-for-sale securities: Debt securities classified as available-for-sale, as discussed in Note 4, are reported at fair value utilizing Level 2 inputs. For those debt securities classified as Level 2, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U. S. Treasury yield curve, live trading levels, trade execution data for similar securities, market consensus prepayments speeds, credit information and the security’s terms and conditions, among other things.

Nonrecurring Measurements

The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2026 and December 31, 2025 (dollars in thousands):

Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below.

Collateral-Dependent Loans, Net of Allowance for Credit Losses

The estimated fair value of collateral-dependent loans is based on fair value, less estimated cost to sell. Collateral-dependent loans are classified within Level 3 of the fair value hierarchy. Collateral-dependent loans are included in the table above only when they have a specific allocation of the allowance for credit losses or have been charged down to the fair value of the collateral. Collateral-dependent loans whose collateral value exceeds their amortized cost are not measured at fair value and are excluded from the table.

The Company considers appraisal analysis as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Values of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by executive management and loan administration. Values are reviewed for accuracy and consistency by executive management and loan administration. The ultimate collateral values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral.

Unobservable (Level 3) Inputs

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements at September 30, 2026 and December 31, 2025 (dollars in thousands):

The following table presents estimated fair values of the Company’sfinancial instruments not recorded at fair value at September 30, 2026 and December 31, 2025 (dollars in thousands):

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying consolidated balance sheets at amounts other than fair value:

Cash and Due from Banks, Interest-Bearing Time Deposits in Other Banks, Nonmarketable Equity Securities, Interest Receivable, Interest Payable

The carrying amount approximates fair value.

Loans

The Company determines fair value of loans by using exit market price assumptions including factors such as liquidity, credit quality and risk of nonperformance. The fair value is estimated by discounting the future cash flows using the market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations.

Loans Held for Sale

Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Because these loans are typically sold shortly after origination, their carrying value generally approximates fair value.

Deposits

Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount of these deposits approximates fair value. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities.

Commitments to Extend Credit, Lines of Credit and Standby Letters of Credit

The fair values of unfunded commitments are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. The fair values of standby letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The estimated fair values of the Company’s commitments to extend credit, lines of credit and standby letters of credit were not material at September 30, 2026 and December 31, 2025.

Note 10: Financial Instruments with Off-Balance Sheet Risk

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the accompanying consolidated balance sheets. The following summarizes those financial instruments with contract amounts representing credit risk as of September 30, 2026 and December 31, 2025 (dollars in thousands):

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Each instrument generally has fixed expiration dates or other termination clauses. Since many of the instruments are expected to expire without being drawn upon, total commitments to extend credit amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, by the Company upon extension of credit is based on management’s credit evaluation of the customer. Standby letters of credit are irrevocable conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers.

The reserve for unfunded loan commitments totaled $464,000 at September 30, 2026 and December 31, 2025.

Note 11: Concentrations

GAAP requires disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for credit losses arereflected in Note 5 regarding loans.

As of September 30, 2026, hospitality loans were 19.3% of gross total loans with outstanding balances of $316.1 million and unfunded commitments of $15.1 million; energy loans were 7.6% of gross total loans with outstanding balances of $124.6 million and unfunded commitments of $56.9 million.

ITEM 2.