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Ergo Bank

Markesan, WI · Cert 10004 · FS Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in WI3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in WI (n=110 to 113). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

17

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

28

Q2 2024Q2 2026peer median (50)

Liquidity

37

Q2 2024Q2 2026peer median

Efficiency

11

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Ergo Bank

Markesan, WI · Cert 10004 · FS Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$276.7MAssets
$224.8MLoans
$226.2MDeposits
$25.5MEquity
Loan mix
89%RE $168.5M11%C&I $20.5M1%Consumer $1.2MQ3 2024Q2 2026
Deposit mix
90%Interest-bearing $203.8M10%Noninterest $22.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.33%, down 43 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 1.74% of loans (-9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.42%, down 30 bps from a year ago.
  • Funding: loans stand at 99.39% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.33%-43 bps YoY

Net Interest Margin (YTD, annualized)

3.88%+6 bps YoY

Efficiency Ratio (YTD, annualized)

81.45%+655 bps YoY

Tier 1 Leverage Ratio

8.42%-30 bps YoY

NIM

5.60%Q2 ’245.81%Q2 ’255.78%Q2 ’26+9%+2%

Non-interest income vs. expense

2.95%Q2 ’243.14%Q2 ’253.39%Q2 ’26+7%+12%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.59%0.61%0.72%0.76%0.68%0.64%-0.17%0.33%-43 bps
Return on Equity6.14%6.42%7.46%7.83%6.91%6.55%-1.71%3.44%-439 bps
Net Interest Margin3.49%3.42%3.78%3.82%3.75%3.86%3.94%3.88%+6 bps
Efficiency Ratio79.38%78.74%76.63%74.90%77.54%75.53%86.85%81.45%+655 bps
Non-Interest Burden2.64%2.57%2.81%2.79%2.85%2.85%3.39%3.12%+33 bps
Growth
Asset Growth (YoY)8.67%1.25%3.03%5.68%4.92%7.21%9.45%12.59%+691 bps
Loan Growth (YoY)5.04%1.20%2.06%1.84%-0.93%5.74%8.79%13.55%+1,171 bps
Deposit Growth (YoY)7.94%8.74%11.22%11.40%6.69%5.06%9.59%7.72%-368 bps
Asset Quality
Nonperforming Loans / Loans1.86%1.90%1.90%1.83%1.89%1.69%1.74%1.74%-9 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.00%0.02%0.00%0.00%0.00%0 bps
Allowance / Loans0.77%0.81%0.82%0.84%0.85%0.98%1.13%1.10%+26 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.5x0.4x0.6x0.7x0.6x+0.2x
Capital
Tier 1 Leverage Ratio8.62%8.44%8.77%8.72%9.07%8.93%8.62%8.42%-30 bps
Total Risk-Based Capital10.49%11.04%11.00%11.02%11.53%11.54%11.22%10.72%-30 bps
Equity / Assets9.64%9.53%9.86%9.78%10.08%9.92%9.63%9.20%-57 bps
Liquidity & Funding
Loans / Deposits99.14%92.96%96.88%94.29%92.06%93.55%96.17%99.39%+510 bps
Liquid Assets / Assets1.06%2.26%0.23%0.19%0.14%0.18%0.14%0.25%+6 bps
CRE / Total Capitaln/an/an/an/a321%340%390%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Ergo Bank

Markesan, WI · Cert 10004 · Peer group: banks under $1B in assets in WI (n=110-113) · FS Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$276.7MAssets
$224.8MLoans
$226.2MDeposits
$25.5MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 73% of banks under $1B in assets in WI (rank 30 of 113).
  • Widest gap: return on equity trails 94% of banks under $1B in assets in WI (rank 106 of 113).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.32%

Rank 106 of 113

Net Interest Margin

3.88%

Rank 30 of 113

Efficiency Ratio

82.83%

Rank 102 of 113

Equity / Assets

9.20%

Rank 84 of 113

Non-interest income vs. expense

$0.7M$9.2MINCOMEEXPENSE
Unfavorable gap of $8.5M · efficiency ratio beats 11% of banks under $1B in assets in WI
Bank 82.83%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.32%0.85%1.17%1.51%Beats 6%106 / 113
Return on Equity3.46%7.70%10.77%13.67%Beats 6%106 / 113
Net Interest Margin3.88%3.19%3.59%3.89%Beats 73%30 / 113
Efficiency Ratio82.83%54.61%62.43%71.88%Beats 11%102 / 113
Asset Quality
Nonperforming Loans / Loans1.74%0.03%0.24%0.91%Beats 14%96 / 110
Net Charge-Offs / Loans0.05%n/a0.00%0.01%Beats 10%100 / 110
Capital
Tier 1 Capital Ratio9.67%11.22%12.95%15.76%Beats 10%102 / 113
Total Risk-Based Capital Ratio10.72%11.57%13.59%16.73%Beats 16%95 / 113
Equity / Assets9.20%9.17%10.74%13.13%Beats 26%84 / 113
Liquidity & Funding
Loans / Deposits99.39%76.54%86.37%98.93%77th pctl26 / 112
Loans / Assets81.23%63.07%71.33%78.84%79th pctl24 / 113
Brokered Deposits / Depositsn/aNot reported for this institution