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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 $3.6MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $282.6M20%Noninterest $72.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.98%, up 36 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • 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.

Return on Assets (quarter, annualized)

1.98%+36 bps YoY

Net Interest Margin (quarter, annualized)

3.74%+60 bps YoY

Efficiency Ratio (quarter, annualized)

45.74%-232 bps YoY

Tier 1 Leverage Ratio

18.00%+126 bps YoY

NIM

4.61%Q2 ’245.04%Q2 ’255.42%Q2 ’26+11%+19%

Non-interest income vs. expense

2.04%Q2 ’241.82%Q2 ’252.06%Q2 ’26-10%+10%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.34%1.35%1.62%1.69%1.69%1.72%1.98%+36 bps
Return on Equity6.38%8.13%8.48%9.74%9.70%9.69%9.80%11.18%+144 bps
Net Interest Margin2.73%2.93%2.90%3.14%3.36%3.52%3.49%3.74%+60 bps
Efficiency Ratio60.43%55.72%52.41%48.06%48.69%49.06%48.67%45.74%-232 bps
Non-Interest Burden1.42%1.34%1.30%1.17%1.32%1.36%1.41%1.29%+11 bps
Growth
Asset Growth (YoY)7.84%16.78%17.79%10.76%5.63%-0.58%-0.87%6.22%-454 bps
Loan Growth (YoY)16.62%24.76%19.02%12.47%12.30%6.25%15.94%22.91%+1,044 bps
Deposit Growth (YoY)6.14%19.54%22.51%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.05%0.00%0.00%0.02%0.00%0.08%-0.08%-8 bps
Allowance / Loans2.21%1.99%2.06%2.06%1.97%2.00%1.88%1.79%-27 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio17.50%16.65%15.84%16.74%17.48%17.82%17.54%18.00%+126 bps
Total Risk-Based Capital17.50%16.65%15.84%16.74%17.48%17.82%17.54%18.00%+126 bps
Equity / Assets17.26%15.76%16.13%17.16%17.70%17.27%17.77%17.70%+55 bps
Liquidity & Funding
Loans / Deposits92.18%86.87%84.34%88.78%93.40%93.20%100.45%111.23%+2,246 bps
Liquid Assets / Assets27.18%26.11%29.18%26.49%24.15%22.13%20.10%18.25%-824 bps
CRE / Total Capitaln/an/an/an/a210%225%241%n/an/a