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Waterman Bank

Waterman, IL · Cert 10878 · Waterman Acquisition Group LLC

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 the Chicago-Naperville-Elgin, IL-IN area3

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 the Chicago-Naperville-Elgin, IL-IN area (n=56 to 57). 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

45

Q2 2024Q2 2026peer median (50)

Asset Quality

20

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

94

Q2 2024Q2 2026peer median

Efficiency

19

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

Waterman Bank

Waterman, IL · Cert 10878 · Waterman Acquisition Group LLC

State charter, non-member · FDIC · 3 branches

Q2 2026

$173.6MAssets
$125.6MLoans
$144.3MDeposits
$25.7MEquity
Loan mix
94%RE $100.9M5%C&I $5.5M0%Consumer $0.5MQ2 2025Q2 2026
Deposit mix
95%Interest-bearing $136.5M5%Noninterest $7.9MQ2 2025Q2 2026

NIM

7.19%Q2 ’246.61%Q2 ’256.56%Q2 ’26-16%+1%

Non-interest income vs. expense

4.66%Q2 ’244.50%Q2 ’254.76%Q2 ’26-12%-5%

Market Position · Chicago-Naperville-Elgin, IL-IN · 2026 SOD (annual) · 0.0% share · #107 of 147 inst. · $0.1B of $630.7B

3.3% DeKalb
0.3% Kane
0.0% Cook

Executive Summary

  • Earnings: ROA of 0.47%, up 13 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 1.78% of loans (+178 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 13.20%, up 5 bps from a year ago.
  • Funding: loans stand at 87.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.47%+13 bps YoY

Net Interest Margin (YTD, annualized)

4.24%+3 bps YoY

Efficiency Ratio (YTD, annualized)

82.77%-268 bps YoY

Tier 1 Leverage Ratio

13.20%+5 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.34%0.42%0.49%0.53%0.47%+13 bps
Return on Equity2.28%2.80%3.26%3.50%3.18%+90 bps
Net Interest Margin4.21%4.33%4.38%4.31%4.24%+3 bps
Efficiency Ratio85.45%83.87%82.61%81.37%82.77%-268 bps
Non-Interest Burden3.49%3.49%3.45%3.26%3.31%-18 bps
Growth
Asset Growth (YoY)7.43%7.89%7.12%0.41%6.13%-130 bps
Loan Growth (YoY)2.11%5.36%12.39%20.27%13.52%+1,141 bps
Deposit Growth (YoY)8.09%9.20%7.78%-0.42%6.24%-185 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%1.93%2.10%1.78%+178 bps
Net Charge-Offs / Loans0.48%0.33%0.23%0.22%0.10%-38 bps
Allowance / Loans0.48%0.52%0.53%0.55%0.53%+6 bps
Allowance Coverage of NPLsn/an/a0.3x0.3x0.3xn/a
Capital
Tier 1 Leverage Ratio13.15%13.38%13.39%13.30%13.20%+5 bps
Total Risk-Based Capital21.36%21.62%19.86%13.30%13.20%-816 bps
Equity / Assets15.17%15.15%15.22%14.83%14.82%-35 bps
Liquidity & Funding
Loans / Deposits81.42%81.13%84.88%78.22%87.00%+558 bps
Liquid Assets / Assets20.31%20.96%18.22%23.45%16.22%-409 bps
CRE / Total Capitaln/a218%214%230%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

Waterman Bank

Waterman, IL · Cert 10878 · Peer group: banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area (n=56-57) · Waterman Acquisition Group LLC

State charter, non-member · FDIC · 3 branches

Q2 2026

$173.6MAssets
$125.6MLoans
$144.3MDeposits
$25.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 86% of banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area (rank 8 of 57).
  • Widest gap: net charge-offs / loans trails 86% of banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area (rank 49 of 56).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.47%

Rank 44 of 57

Net Interest Margin

4.24%

Rank 8 of 57

Efficiency Ratio

84.92%

Rank 47 of 57

Equity / Assets

14.82%

Rank 17 of 57

Non-interest income vs. expense

$2.5M$8.2MINCOMEEXPENSE
Unfavorable gap of $5.7M · efficiency ratio beats 19% of banks under $1B in assets in the Chicago-Naperville-Elgin, IL-IN area
Bank 84.92%Peer median 69.7%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.47%0.51%0.84%1.19%Beats 23%44 / 57
Return on Equity3.16%3.13%7.76%11.40%Beats 26%42 / 57
Net Interest Margin4.24%3.16%3.63%4.08%Beats 86%8 / 57
Efficiency Ratio84.92%59.57%69.70%81.06%Beats 19%47 / 57
Asset Quality
Nonperforming Loans / Loans1.78%0.06%0.34%1.78%Beats 25%43 / 56
Net Charge-Offs / Loans0.05%n/a0.00%0.01%Beats 14%49 / 56
Capital
Tier 1 Capital Ratio13.20%12.24%16.06%19.69%Beats 33%38 / 57
Total Risk-Based Capital Ratio13.20%12.54%16.50%20.95%Beats 32%39 / 57
Equity / Assets14.82%9.37%11.56%15.00%Beats 70%17 / 57
Liquidity & Funding
Loans / Deposits87.00%66.29%85.59%95.16%53rd pctl27 / 57
Loans / Assets72.33%57.07%71.07%78.13%53rd pctl27 / 57
Brokered Deposits / Depositsn/aNot reported for this institution