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State Bank Financial

La Crosse, WI · Cert 10383 · First Bcorp Inc.

State charter, Fed member · FED · 5 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

50

Q2 2024Q2 2026peer median (50)

Asset Quality

61

Q2 2024Q2 2026peer median (50)

Profitability

33

Q2 2024Q2 2026peer median (50)

Liquidity

72

Q2 2024Q2 2026peer median

Efficiency

50

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

State Bank Financial

La Crosse, WI · Cert 10383 · First Bcorp Inc.

State charter, Fed member · FED · 5 branches

Q2 2026

$512.1MAssets
$347.6MLoans
$439.0MDeposits
$47.9MEquity
Loan mix
84%RE $264.4M15%C&I $46.6M1%Consumer $2.5MQ2 2025Q2 2026
Deposit mix
98%Interest-bearing $428.7M2%Noninterest $10.4MQ2 2025Q2 2026

NIM

4.62%Q2 ’244.50%Q2 ’254.69%Q2 ’26-3%+14%

Non-interest income vs. expense

2.19%Q2 ’242.02%Q2 ’252.13%Q2 ’26-6%+6%

Market Position · La Crosse-Onalaska, WI-MN · 2026 SOD (annual) · 7.2% share · #6 of 24 inst. · $0.4B of $4.9B

9.7% La Crosse
6.6% Monroe
0.7% Wood

Executive Summary

  • Earnings: ROA of 0.99%, up 20 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.11% of loans (-15 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 9.94%, up 28 bps from a year ago.
  • Funding: loans stand at 79.18% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.99%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.00%+37 bps YoY

Efficiency Ratio (YTD, annualized)

62.43%-410 bps YoY

Tier 1 Leverage Ratio

9.94%+28 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.85%0.96%0.85%0.99%+20 bps
Return on Equity9.72%10.32%11.39%9.59%10.92%+120 bps
Net Interest Margin2.63%2.67%2.76%2.88%3.00%+37 bps
Efficiency Ratio66.53%64.85%63.54%67.49%62.43%-410 bps
Non-Interest Burden1.60%1.58%1.59%1.80%1.70%+10 bps
Growth
Asset Growth (YoY)12.07%6.13%7.67%4.73%1.80%-1,027 bps
Loan Growth (YoY)7.60%14.42%12.39%7.05%15.21%+761 bps
Deposit Growth (YoY)14.46%6.62%8.14%5.05%3.08%-1,138 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.21%0.11%0.11%0.11%-15 bps
Net Charge-Offs / Loans-0.02%-0.03%-0.02%-0.06%-0.03%-1 bps
Allowance / Loans1.00%0.92%0.86%0.88%0.87%-13 bps
Allowance Coverage of NPLs3.8x4.4x7.6x7.8x8.1x+4.3x
Capital
Tier 1 Leverage Ratio9.65%9.73%9.87%9.74%9.94%+28 bps
Total Risk-Based Capital14.91%14.47%14.57%15.12%14.65%-26 bps
Equity / Assets8.43%8.81%9.00%8.76%9.36%+92 bps
Liquidity & Funding
Loans / Deposits70.84%73.99%80.84%72.87%79.18%+834 bps
Liquid Assets / Assets8.54%6.46%5.65%10.42%2.03%-651 bps
CRE / Total Capitaln/a372%355%347%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

State Bank Financial

La Crosse, WI · Cert 10383 · Peer group: banks under $1B in assets in WI (n=110-113) · First Bcorp Inc.

State charter, Fed member · FED · 5 branches

Q2 2026

$512.1MAssets
$347.6MLoans
$439.0MDeposits
$47.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 62% of banks under $1B in assets in WI (rank 43 of 110).
  • Widest gap: net interest margin trails 83% of banks under $1B in assets in WI (rank 94 of 113).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.01%

Rank 75 of 113

Net Interest Margin

3.00%

Rank 94 of 113

Efficiency Ratio

62.43%

Rank 57 of 113

Equity / Assets

9.36%

Rank 78 of 113

Non-interest income vs. expense

$2.3M$11.4MINCOMEEXPENSE
Unfavorable gap of $9.1M · efficiency ratio beats 50% of banks under $1B in assets in WI
Bank 62.43%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.01%0.85%1.17%1.51%Beats 34%75 / 113
Return on Equity10.77%7.70%10.77%13.67%Beats 49%58 / 113
Net Interest Margin3.00%3.19%3.59%3.89%Beats 17%94 / 113
Efficiency Ratio62.43%54.61%62.43%71.88%Beats 50%57 / 113
Asset Quality
Nonperforming Loans / Loans0.11%0.03%0.24%0.91%Beats 62%43 / 110
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 60%45 / 110
Capital
Tier 1 Capital Ratio13.73%11.22%12.95%15.76%Beats 59%46 / 113
Total Risk-Based Capital Ratio14.65%11.57%13.59%16.73%Beats 61%44 / 113
Equity / Assets9.36%9.17%10.74%13.13%Beats 31%78 / 113
Liquidity & Funding
Loans / Deposits79.18%76.54%86.37%98.93%32nd pctl76 / 112
Loans / Assets67.88%63.07%71.33%78.84%41st pctl67 / 113
Brokered Deposits / Depositsn/aNot reported for this institution