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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 $7.1MQ3 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