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Flatwater Bank

Gothenburg, NE · Cert 10639 · Williams Financial Corp.

State charter, non-member · FDIC · 3 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 NE3

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 NE (n=83). 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

4

Q2 2024Q2 2026peer median (50)

Asset Quality

22

Q2 2024Q2 2026peer median (50)

Profitability

41

Q2 2024Q2 2026peer median (50)

Liquidity

85

Q2 2024Q2 2026peer median

Efficiency

57

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

Flatwater Bank

Gothenburg, NE · Cert 10639 · Williams Financial Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$367.7MAssets
$275.6MLoans
$320.8MDeposits
$29.7MEquity
Loan mix
73%RE $103.5M22%C&I $31.5M5%Consumer $7.1MQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $283.8M12%Noninterest $37.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.00%, down 45 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 1.76% of loans (+170 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.38%, down 77 bps from a year ago.
  • Funding: loans stand at 85.91% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.00%-45 bps YoY

Net Interest Margin (YTD, annualized)

3.39%-15 bps YoY

Efficiency Ratio (YTD, annualized)

58.06%+457 bps YoY

Tier 1 Leverage Ratio

9.38%-77 bps YoY

NIM

5.90%Q2 ’245.93%Q2 ’255.60%Q2 ’26+17%-4%

Non-interest income vs. expense

2.42%Q2 ’242.31%Q2 ’252.38%Q2 ’26+63%+10%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.40%1.11%1.37%1.45%1.41%1.18%0.83%1.00%-45 bps
Return on Equity17.44%13.89%16.53%17.34%16.74%13.89%9.77%12.02%-532 bps
Net Interest Margin3.04%3.08%3.37%3.53%3.42%3.41%3.07%3.39%-15 bps
Efficiency Ratio55.80%62.83%54.66%53.49%53.30%54.86%58.76%58.06%+457 bps
Non-Interest Burden1.17%1.58%1.46%1.50%1.45%1.52%1.49%1.64%+15 bps
Growth
Asset Growth (YoY)18.64%5.95%5.17%9.19%8.92%12.40%15.67%14.49%+530 bps
Loan Growth (YoY)18.74%10.77%9.67%14.65%13.96%12.82%12.82%10.90%-375 bps
Deposit Growth (YoY)29.91%14.06%6.14%0.30%5.39%11.86%14.94%20.98%+2,069 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.14%0.37%0.05%0.04%1.49%2.38%1.76%+170 bps
Net Charge-Offs / Loans0.02%0.03%0.00%-0.17%-0.09%0.51%0.05%0.02%+20 bps
Allowance / Loans1.26%1.27%1.34%1.36%1.40%1.19%1.38%1.39%+3 bps
Allowance Coverage of NPLs15.7x8.9x3.6x25.3x37.1x0.8x0.6x0.8x-24.5x
Capital
Tier 1 Leverage Ratio9.85%9.62%9.96%10.15%9.67%9.49%9.22%9.38%-77 bps
Total Risk-Based Capital9.85%9.62%9.96%10.15%9.67%9.49%9.22%9.38%-77 bps
Equity / Assets8.58%7.90%8.65%8.54%8.70%8.55%8.40%8.09%-45 bps
Liquidity & Funding
Loans / Deposits87.09%87.43%84.02%93.73%94.17%88.18%82.47%85.91%-781 bps
Liquid Assets / Assets0.01%0.04%0.06%0.07%0.15%0.06%4.40%4.97%+491 bps
CRE / Total Capitaln/an/an/an/a104.84%111.66%109.76%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

Flatwater Bank

Gothenburg, NE · Cert 10639 · Peer group: banks under $1B in assets in NE (n=83) · Williams Financial Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$367.7MAssets
$275.6MLoans
$320.8MDeposits
$29.7MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 64% of banks under $1B in assets in NE (rank 30 of 83).
  • Widest gap: equity / assets trails 99% of banks under $1B in assets in NE (rank 82 of 83).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.96%

Rank 60 of 83

Net Interest Margin

3.39%

Rank 58 of 83

Efficiency Ratio

58.06%

Rank 37 of 83

Equity / Assets

8.09%

Rank 82 of 83

Non-interest income vs. expense

$2.6M$8.3MINCOMEEXPENSE
Unfavorable gap of $5.7M · efficiency ratio beats 57% of banks under $1B in assets in NE
Bank 58.06%Peer median 60.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.96%0.93%1.20%1.51%Beats 28%60 / 83
Return on Equity11.87%8.04%10.34%13.11%Beats 64%30 / 83
Net Interest Margin3.39%3.25%3.62%4.02%Beats 30%58 / 83
Efficiency Ratio58.06%51.13%59.95%67.19%Beats 57%37 / 83
Asset Quality
Nonperforming Loans / Loans1.76%0.00%0.19%0.96%Beats 13%73 / 83
Net Charge-Offs / Loans0.01%n/a0.00%0.02%Beats 30%59 / 83
Capital
Tier 1 Capital Ratio9.38%10.94%13.24%16.62%Beats 5%79 / 83
Total Risk-Based Capital Ratio9.38%11.04%13.54%17.63%Beats 5%79 / 83
Equity / Assets8.09%9.90%11.31%13.84%Beats 1%82 / 83
Liquidity & Funding
Loans / Deposits85.91%71.97%83.15%92.22%55th pctl37 / 83
Loans / Assets74.97%57.96%69.15%77.64%65th pctl29 / 83
Brokered Deposits / Depositsn/aNot reported for this institution