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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 $7.1MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $283.8M12%Noninterest $37.0MQ2 2025Q2 2026

NIM

6.03%Q2 ’246.09%Q2 ’255.84%Q2 ’26+17%-1%

Non-interest income vs. expense

2.34%Q2 ’242.38%Q2 ’252.54%Q2 ’26+908%+17%

Executive Summary

  • Earnings: ROA of 1.18%, down 37 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 1.76% of loans (+170 bps YoY), with net charge-offs at 0.00%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

1.18%-37 bps YoY

Net Interest Margin (quarter, annualized)

3.72%-2 bps YoY

Efficiency Ratio (quarter, annualized)

57.47%+504 bps YoY

Tier 1 Leverage Ratio

9.38%-77 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.55%1.35%0.49%0.83%1.18%-37 bps
Return on Equity18.07%15.65%5.70%9.77%14.31%-376 bps
Net Interest Margin3.74%3.72%3.56%3.07%3.72%-2 bps
Efficiency Ratio52.42%52.97%59.33%58.76%57.47%+504 bps
Non-Interest Burden1.55%1.57%1.79%1.49%1.81%+26 bps
Growth
Asset Growth (YoY)9.19%8.92%12.40%15.67%14.49%+530 bps
Loan Growth (YoY)14.65%13.96%12.82%12.82%10.90%-375 bps
Deposit Growth (YoY)0.30%5.39%11.86%14.94%20.98%+2,069 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.04%1.49%2.38%1.76%+170 bps
Net Charge-Offs / Loans-0.34%0.06%2.31%0.05%0.00%+35 bps
Allowance / Loans1.36%1.40%1.19%1.38%1.39%+3 bps
Allowance Coverage of NPLs25.3x37.1x0.8x0.6x0.8x-24.5x
Capital
Tier 1 Leverage Ratio10.15%9.67%9.49%9.22%9.38%-77 bps
Total Risk-Based Capital10.15%9.67%9.49%9.22%9.38%-77 bps
Equity / Assets8.54%8.70%8.55%8.40%8.09%-45 bps
Liquidity & Funding
Loans / Deposits93.73%94.17%88.18%82.47%85.91%-781 bps
Liquid Assets / Assets0.07%0.15%0.06%4.40%4.97%+491 bps
CRE / Total Capitaln/a104.84%111.66%109.76%n/an/a