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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 $7.3MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $232.8M23%Noninterest $68.3MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.74%0.80%1.21%1.06%1.16%+42 bps
Return on Equity6.91%7.43%11.23%9.74%10.56%+366 bps
Net Interest Margin3.74%3.82%3.85%3.95%4.04%+31 bps
Efficiency Ratio72.97%71.33%61.64%64.17%61.99%-1,098 bps
Non-Interest Burden2.60%2.59%2.11%2.38%2.34%-25 bps
Growth
Asset Growth (YoY)3.68%3.39%3.05%3.62%1.23%-245 bps
Loan Growth (YoY)3.17%3.73%1.10%-3.60%-2.91%-608 bps
Deposit Growth (YoY)4.95%4.72%6.65%5.34%4.13%-82 bps
Asset Quality
Nonperforming Loans / Loans1.78%1.40%0.75%0.79%0.60%-118 bps
Net Charge-Offs / Loans0.20%0.25%0.28%0.00%0.00%-20 bps
Allowance / Loans1.04%1.00%1.00%1.11%1.15%+11 bps
Allowance Coverage of NPLs0.6x0.7x1.3x1.4x1.9x+1.3x
Capital
Tier 1 Leverage Ratio9.25%9.24%9.28%9.27%9.39%+14 bps
Total Risk-Based Capital13.45%13.46%14.18%14.87%15.00%+155 bps
Equity / Assets10.88%10.99%10.94%10.88%11.09%+21 bps
Liquidity & Funding
Loans / Deposits90.32%91.43%87.17%81.63%84.21%-610 bps
Liquid Assets / Assets2.08%1.86%4.85%8.09%4.38%+230 bps
CRE / Total Capitaln/a234%209%204%n/an/a