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Waumandee State Bank

Waumandee, WI · Cert 10384 · Waumandee Bancshares Ltd.

State charter, non-member · FDIC · 8 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

61

Q2 2024Q2 2026peer median (50)

Asset Quality

30

Q2 2024Q2 2026peer median (50)

Profitability

60

Q2 2024Q2 2026peer median (50)

Liquidity

91

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

Waumandee State Bank

Waumandee, WI · Cert 10384 · Waumandee Bancshares Ltd.

State charter, non-member · FDIC · 8 branches

Q2 2026

$345.5MAssets
$253.6MLoans
$301.2MDeposits
$38.3MEquity
Loan mix
85%RE $179.3M12%C&I $24.6M3%Consumer $7.3MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $232.8M23%Noninterest $68.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.16%, up 42 bps year over year; NIM at 4.04%.
  • Asset quality: problem loans at 0.60% of loans (-118 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.39%, up 14 bps from a year ago.
  • Funding: loans stand at 84.21% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.16%+42 bps YoY

Net Interest Margin (YTD, annualized)

4.04%+31 bps YoY

Efficiency Ratio (YTD, annualized)

61.99%-1,098 bps YoY

Tier 1 Leverage Ratio

9.39%+14 bps YoY

NIM

5.21%Q2 ’245.55%Q2 ’255.64%Q2 ’26+11%+8%

Non-interest income vs. expense

3.04%Q2 ’242.96%Q2 ’252.71%Q2 ’26-2%-10%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.61%0.68%0.58%0.74%0.80%1.21%1.06%1.16%+42 bps
Return on Equity5.78%6.50%5.44%6.91%7.43%11.23%9.74%10.56%+366 bps
Net Interest Margin3.47%3.51%3.69%3.74%3.82%3.85%3.95%4.04%+31 bps
Efficiency Ratio81.43%78.68%77.74%72.97%71.33%61.64%64.17%61.99%-1,098 bps
Non-Interest Burden2.72%2.65%2.75%2.60%2.59%2.11%2.38%2.34%-25 bps
Growth
Asset Growth (YoY)0.64%1.62%2.41%3.68%3.39%3.05%3.62%1.23%-245 bps
Loan Growth (YoY)5.72%4.43%1.83%3.17%3.73%1.10%-3.60%-2.91%-608 bps
Deposit Growth (YoY)0.38%0.60%5.86%4.95%4.72%6.65%5.34%4.13%-82 bps
Asset Quality
Nonperforming Loans / Loans0.55%0.73%0.84%1.78%1.40%0.75%0.79%0.60%-118 bps
Net Charge-Offs / Loans0.03%0.02%0.40%0.20%0.25%0.28%0.00%0.00%-20 bps
Allowance / Loans1.06%1.05%1.01%1.04%1.00%1.00%1.11%1.15%+11 bps
Allowance Coverage of NPLs1.9x1.4x1.2x0.6x0.7x1.3x1.4x1.9x+1.3x
Capital
Tier 1 Leverage Ratio9.14%9.28%9.05%9.25%9.24%9.28%9.27%9.39%+14 bps
Total Risk-Based Capital12.89%13.15%13.21%13.45%13.46%14.18%14.87%15.00%+155 bps
Equity / Assets10.83%10.63%10.64%10.88%10.99%10.94%10.88%11.09%+21 bps
Liquidity & Funding
Loans / Deposits92.30%91.96%89.20%90.32%91.43%87.17%81.63%84.21%-610 bps
Liquid Assets / Assets1.35%2.44%2.48%2.08%1.86%4.85%8.09%4.38%+230 bps
CRE / Total Capitaln/an/an/an/a234%209%204%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

Waumandee State Bank

Waumandee, WI · Cert 10384 · Peer group: banks under $1B in assets in WI (n=110-113) · Waumandee Bancshares Ltd.

State charter, non-member · FDIC · 8 branches

Q2 2026

$345.5MAssets
$253.6MLoans
$301.2MDeposits
$38.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 84% of banks under $1B in assets in WI (rank 18 of 113).
  • Widest gap: net charge-offs / loans trails 72% of banks under $1B in assets in WI (rank 80 of 110).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.17%

Rank 57 of 113

Net Interest Margin

4.04%

Rank 18 of 113

Efficiency Ratio

62.73%

Rank 58 of 113

Equity / Assets

11.09%

Rank 49 of 113

Non-interest income vs. expense

$1.3M$9.4MINCOMEEXPENSE
Unfavorable gap of $8.1M · efficiency ratio beats 50% of banks under $1B in assets in WI
Bank 62.73%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.17%0.85%1.17%1.51%Beats 50%57 / 113
Return on Equity10.55%7.70%10.77%13.67%Beats 46%61 / 113
Net Interest Margin4.04%3.19%3.59%3.89%Beats 84%18 / 113
Efficiency Ratio62.73%54.61%62.43%71.88%Beats 50%58 / 113
Asset Quality
Nonperforming Loans / Loans0.60%0.03%0.24%0.91%Beats 32%76 / 110
Net Charge-Offs / Loans0.01%n/a0.00%0.01%Beats 28%80 / 110
Capital
Tier 1 Capital Ratio13.75%11.22%12.95%15.76%Beats 60%45 / 113
Total Risk-Based Capital Ratio15.00%11.57%13.59%16.73%Beats 65%40 / 113
Equity / Assets11.09%9.17%10.74%13.13%Beats 57%49 / 113
Liquidity & Funding
Loans / Deposits84.21%76.54%86.37%98.93%44th pctl63 / 112
Loans / Assets73.41%63.07%71.33%78.84%56th pctl50 / 113
Brokered Deposits / Depositsn/aNot reported for this institution