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Horicon Bank

Horicon, WI · Cert 11236 · Horicon Bk Profit Sharing&Employee STK Ownership Plan

State charter, non-member · FDIC · 19 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

31

Q2 2024Q2 2026peer median (50)

Asset Quality

49

Q2 2024Q2 2026peer median (50)

Profitability

54

Q2 2024Q2 2026peer median (50)

Liquidity

41

Q2 2024Q2 2026peer median

Efficiency

37

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

Horicon Bank

Horicon, WI · Cert 11236 · Horicon Bk Profit Sharing&Employee STK Ownership Plan

State charter, non-member · FDIC · 19 branches

Q2 2026

$1.7BAssets
$1.4BLoans
$1.4BDeposits
$170.2MEquity
Loan mix
86%RE $1.1B13%C&I $0.2B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $1.1B24%Noninterest $0.3BQ2 2025Q2 2026

NIM

5.02%Q2 ’245.46%Q2 ’255.46%Q2 ’26+16%+5%

Non-interest income vs. expense

2.85%Q2 ’242.90%Q2 ’252.85%Q2 ’260%-4%

Market Position · Milwaukee-Waukesha, WI · 2026 SOD (annual) · 0.4% share · #25 of 43 inst. · $0.3B of $79.9B

38.8% Dodge
8.5% Fond du Lac
9.5% Green Lake
3.6% Washington

Executive Summary

  • Earnings: ROA of 1.11%, up 30 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.93% of loans (+8 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.72%, up 9 bps from a year ago.
  • Funding: loans stand at 96.73% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.11%+30 bps YoY

Net Interest Margin (YTD, annualized)

4.00%+18 bps YoY

Efficiency Ratio (YTD, annualized)

60.29%-403 bps YoY

Tier 1 Leverage Ratio

9.72%+9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.88%0.92%1.05%1.11%+30 bps
Return on Equity8.16%8.71%9.07%10.26%10.83%+268 bps
Net Interest Margin3.81%3.81%3.80%4.00%4.00%+18 bps
Efficiency Ratio64.32%64.70%64.40%61.07%60.29%-403 bps
Non-Interest Burden2.39%2.40%2.38%2.34%2.31%-9 bps
Growth
Asset Growth (YoY)-0.12%-1.48%0.48%8.98%7.90%+802 bps
Loan Growth (YoY)4.51%4.83%8.12%9.31%6.30%+179 bps
Deposit Growth (YoY)1.07%-0.01%1.71%6.23%5.36%+428 bps
Asset Quality
Nonperforming Loans / Loans0.85%0.80%0.77%0.96%0.93%+8 bps
Net Charge-Offs / Loans0.03%0.03%0.01%0.01%0.01%-2 bps
Allowance / Loans1.12%1.13%1.19%1.25%1.31%+18 bps
Allowance Coverage of NPLs1.3x1.4x1.5x1.3x1.4x+0.1x
Capital
Tier 1 Leverage Ratio9.63%9.68%9.67%9.81%9.72%+9 bps
Total Risk-Based Capital11.58%11.69%11.90%11.92%12.06%+48 bps
Equity / Assets10.34%10.34%10.47%10.07%10.29%-4 bps
Liquidity & Funding
Loans / Deposits95.88%95.21%96.73%94.65%96.73%+85 bps
Liquid Assets / Assets4.94%6.60%5.79%9.71%8.08%+314 bps
CRE / Total Capitaln/a438%446%435%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

Horicon Bank

Horicon, WI · Cert 11236 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Horicon Bk Profit Sharing&Employee STK Ownership Plan

State charter, non-member · FDIC · 19 branches

Q2 2026

$1.7BAssets
$1.4BLoans
$1.4BDeposits
$170.2MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 81% of banks $1B-$10B in assets operating in a single state (rank 50 of 258).
  • Widest gap: tier 1 capital ratio trails 82% of banks $1B-$10B in assets operating in a single state (rank 212 of 258).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.10%

Rank 155 of 258

Net Interest Margin

4.00%

Rank 50 of 258

Efficiency Ratio

63.31%

Rank 163 of 257

Equity / Assets

10.29%

Rank 127 of 258

Non-interest income vs. expense

$9.0M$47.0MINCOMEEXPENSE
Unfavorable gap of $38.1M · efficiency ratio beats 37% of banks $1B-$10B in assets operating in a single state
Bank 63.31%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.10%0.93%1.23%1.54%Beats 40%155 / 258
Return on Equity10.71%9.26%11.84%14.74%Beats 42%150 / 258
Net Interest Margin4.00%3.16%3.49%3.88%Beats 81%50 / 258
Efficiency Ratio63.31%51.71%60.30%69.65%Beats 37%163 / 257
Asset Quality
Nonperforming Loans / Loans0.93%0.19%0.46%0.90%Beats 24%196 / 258
Net Charge-Offs / Loans0.01%0.01%0.02%0.07%Beats 74%70 / 258
Capital
Tier 1 Capital Ratio10.81%11.41%12.98%15.12%Beats 18%212 / 258
Total Risk-Based Capital Ratio12.06%12.10%13.91%16.08%Beats 24%196 / 258
Equity / Assets10.29%9.09%10.24%11.72%Beats 51%127 / 258
Liquidity & Funding
Loans / Deposits96.73%73.24%86.34%95.95%78th pctl57 / 258
Loans / Assets83.08%63.01%72.27%78.40%90th pctl27 / 258
Brokered Deposits / Depositsn/aNot reported for this institution