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First Citizens State Bank

Whitewater, WI · Cert 11228 · Whitewater Bcorp Inc.

State charter, non-member · FDIC · 6 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 WI3

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 WI (n=110 to 113). 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

85

Q2 2024Q2 2026peer median (50)

Asset Quality

58

Q2 2024Q2 2026peer median (50)

Profitability

60

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

85

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

First Citizens State Bank

Whitewater, WI · Cert 11228 · Whitewater Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$525.2MAssets
$395.2MLoans
$355.3MDeposits
$93.0MEquity
Loan mix
93%RE $339.1M6%C&I $20.8M1%Consumer $3.6MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $282.6M20%Noninterest $72.7MQ2 2025Q2 2026

NIM

4.50%Q2 ’245.04%Q2 ’255.33%Q2 ’26+12%+18%

Non-interest income vs. expense

2.00%Q2 ’241.83%Q2 ’252.02%Q2 ’26-5%+7%

Executive Summary

  • Earnings: ROA of 1.85%, up 36 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.00%, up 126 bps from a year ago.
  • Funding: loans stand at 111.23% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.85%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.62%+54 bps YoY

Efficiency Ratio (YTD, annualized)

47.13%-302 bps YoY

Tier 1 Leverage Ratio

18.00%+126 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.49%1.55%1.58%1.72%1.85%+36 bps
Return on Equity9.12%9.32%9.41%9.80%10.50%+138 bps
Net Interest Margin3.07%3.21%3.29%3.49%3.62%+54 bps
Efficiency Ratio50.15%49.64%49.48%48.67%47.13%-302 bps
Non-Interest Burden1.26%1.30%1.31%1.41%1.35%+9 bps
Growth
Asset Growth (YoY)10.76%5.63%-0.58%-0.87%6.22%-454 bps
Loan Growth (YoY)12.47%12.30%6.25%15.94%22.91%+1,044 bps
Deposit Growth (YoY)19.61%10.83%-0.95%-2.66%-1.90%-2,151 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.08%0.00%0 bps
Allowance / Loans2.06%1.97%2.00%1.88%1.79%-27 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio16.74%17.48%17.82%17.54%18.00%+126 bps
Total Risk-Based Capital16.74%17.48%17.82%17.54%18.00%+126 bps
Equity / Assets17.16%17.70%17.27%17.77%17.70%+55 bps
Liquidity & Funding
Loans / Deposits88.78%93.40%93.20%100.45%111.23%+2,246 bps
Liquid Assets / Assets26.49%24.15%22.13%20.10%18.25%-824 bps
CRE / Total Capitaln/a210%225%241%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

First Citizens State Bank

Whitewater, WI · Cert 11228 · Peer group: banks under $1B in assets in WI (n=110-113) · Whitewater Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$525.2MAssets
$395.2MLoans
$355.3MDeposits
$93.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in WI (rank 16 of 110).
  • Widest gap: net charge-offs / loans trails 84% of banks under $1B in assets in WI (rank 93 of 110).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.82%

Rank 16 of 113

Net Interest Margin

3.62%

Rank 54 of 113

Efficiency Ratio

47.13%

Rank 18 of 113

Equity / Assets

17.70%

Rank 9 of 113

Non-interest income vs. expense

$3.5M$10.4MINCOMEEXPENSE
Unfavorable gap of $7.0M · efficiency ratio beats 85% of banks under $1B in assets in WI
Bank 47.13%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.82%0.85%1.17%1.51%Beats 86%16 / 113
Return on Equity10.26%7.70%10.77%13.67%Beats 43%64 / 113
Net Interest Margin3.62%3.19%3.59%3.89%Beats 52%54 / 113
Efficiency Ratio47.13%54.61%62.43%71.88%Beats 85%18 / 113
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.24%0.91%Beats 100%16 / 110
Net Charge-Offs / Loans0.03%n/a0.00%0.01%Beats 16%93 / 110
Capital
Tier 1 Capital Ratio18.00%11.22%12.95%15.76%Beats 81%21 / 113
Total Risk-Based Capital Ratio18.00%11.57%13.59%16.73%Beats 81%22 / 113
Equity / Assets17.70%9.17%10.74%13.13%Beats 92%9 / 113
Liquidity & Funding
Loans / Deposits111.23%76.54%86.37%98.93%95th pctl6 / 112
Loans / Assets75.24%63.07%71.33%78.84%61st pctl44 / 113
Brokered Deposits / Depositsn/aNot reported for this institution