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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

5.33%Q2 ’245.62%Q2 ’255.65%Q2 ’26+10%+8%

Non-interest income vs. expense

2.91%Q2 ’242.80%Q2 ’252.65%Q2 ’26-4%-7%

Executive Summary

  • Earnings: ROA of 1.25%, up 35 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.60% of loans (-118 bps YoY), with net charge-offs at 0.01%.
  • 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 (quarter, annualized)

1.25%+35 bps YoY

Net Interest Margin (quarter, annualized)

4.10%+30 bps YoY

Efficiency Ratio (quarter, annualized)

59.86%-842 bps YoY

Tier 1 Leverage Ratio

9.39%+14 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.90%0.92%2.44%1.06%1.25%+35 bps
Return on Equity8.39%8.45%22.23%9.74%11.41%+302 bps
Net Interest Margin3.80%4.03%4.19%3.95%4.10%+30 bps
Efficiency Ratio68.28%68.28%40.63%64.17%59.86%-842 bps
Non-Interest Burden2.46%2.61%0.84%2.38%2.29%-17 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 / Loans0.00%0.36%0.36%0.00%0.01%0 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