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Letter portraitLegal landscapeQuarterYTD

National Exchange Bank and Trust

Fond Du Lac, WI · Cert 10044 · Neb Corp.

National charter · OCC · 33 branches

Q2 2026

$2.9BAssets
$1.7BLoans
$2.3BDeposits
$571.5MEquity
Loan mix
85%RE $1.3B14%C&I $0.2B2%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $1.7B26%Noninterest $0.6BQ2 2025Q2 2026

NIM

5.28%Q2 ’244.99%Q2 ’255.03%Q2 ’26-4%+10%

Non-interest income vs. expense

1.95%Q2 ’241.91%Q2 ’252.10%Q2 ’26-5%+15%

Market Position · Fond du Lac, WI · 2026 SOD (annual) · 45.8% share · #1 of 11 inst. · $1.3B of $2.9B

45.8% Fond du Lac
7.2% Sheboygan
0.8% Waukesha
7.4% Dodge

Executive Summary

  • Earnings: ROA of 1.69%, up 28 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.37% of loans (-227 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 20.06%, up 143 bps from a year ago.
  • Funding: loans stand at 75.29% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.69%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.71%+34 bps YoY

Efficiency Ratio (YTD, annualized)

48.90%+71 bps YoY

Tier 1 Leverage Ratio

20.06%+143 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.41%1.50%1.50%1.68%1.69%+28 bps
Return on Equity8.08%8.46%8.37%8.84%8.80%+72 bps
Net Interest Margin3.37%3.50%3.55%3.64%3.71%+34 bps
Efficiency Ratio48.19%47.71%46.41%48.51%48.90%+71 bps
Non-Interest Burden1.35%1.40%1.38%1.50%1.56%+20 bps
Growth
Asset Growth (YoY)4.66%1.86%2.00%-0.59%0.12%-454 bps
Loan Growth (YoY)1.99%2.71%5.65%-0.48%1.06%-93 bps
Deposit Growth (YoY)3.98%-0.10%-1.04%-3.16%-2.94%-692 bps
Asset Quality
Nonperforming Loans / Loans2.64%2.15%1.93%1.02%0.37%-227 bps
Net Charge-Offs / Loans0.46%0.30%0.21%-0.03%-0.07%-53 bps
Allowance / Loans2.89%2.92%3.00%3.10%2.98%+9 bps
Allowance Coverage of NPLs1.1x1.4x1.6x3.0x8.1x+7.0x
Capital
Tier 1 Leverage Ratio18.63%19.14%19.09%19.53%20.06%+143 bps
Total Risk-Based Capital18.63%19.14%19.09%19.53%20.06%+143 bps
Equity / Assets18.07%18.56%18.98%18.94%19.77%+170 bps
Liquidity & Funding
Loans / Deposits72.31%72.74%74.44%71.72%75.29%+298 bps
Liquid Assets / Assets1.36%2.74%2.08%2.11%1.13%-23 bps
CRE / Total Capitaln/a174.16%171.41%159.59%n/an/a