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Welcome State Bank

Welcome, MN · Cert 11417 · Welcome Bancshares Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

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 MN (n=111 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

52

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

91

Q2 2024Q2 2026peer median (50)

Liquidity

88

Q2 2024Q2 2026peer median

Efficiency

96

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

Welcome State Bank

Welcome, MN · Cert 11417 · Welcome Bancshares Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$44.3MAssets
$30.5MLoans
$38.1MDeposits
$5.7MEquity
Loan mix
84%RE $19.9M9%C&I $2.1M7%Consumer $1.8MQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $26.5M30%Noninterest $11.5MQ3 2024Q2 2026

Return on Assets (YTD, annualized)

2.63%+38 bps YoY

Net Interest Margin (YTD, annualized)

4.38%-17 bps YoY

Efficiency Ratio (YTD, annualized)

40.45%-388 bps YoY

Tier 1 Leverage Ratio

12.81%+78 bps YoY

NIM

5.49%Q2 ’245.79%Q2 ’255.70%Q2 ’260%-4%

Non-interest income vs. expense

2.38%Q2 ’242.30%Q2 ’252.25%Q2 ’26-2%-36%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Return on Assets2.21%1.82%2.08%2.25%2.18%1.99%2.65%2.63%+38 bps
Net Interest Margin4.49%4.35%4.41%4.55%4.51%4.40%4.41%4.38%-17 bps
Non-Interest Burden1.67%2.06%1.73%1.66%1.73%1.98%1.00%1.07%-60 bps
Loan Growth (YoY)7.10%15.28%10.49%10.59%12.95%3.89%3.50%1.47%-911 bps
Nonperforming Loans / Loans0.49%0.01%0.03%0.03%0.00%0.00%0.00%0.00%-3 bps
Allowance / Loans1.68%1.68%1.64%1.49%1.48%1.60%1.57%1.55%+6 bps
Tier 1 Leverage Ratio12.05%11.64%11.78%12.03%12.31%12.15%12.79%12.81%+78 bps
Equity / Assets12.15%11.48%11.42%11.96%12.16%12.41%12.62%12.95%+98 bps
Liquid Assets / Assets15.69%15.69%15.10%11.86%12.70%19.47%17.10%17.88%+602 bps

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

Welcome State Bank

Welcome, MN · Cert 11417 · Peer group: banks under $1B in assets in MN (n=111-113) · Welcome Bancshares Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$44.3MAssets
$30.5MLoans
$38.1MDeposits
$5.7MEquity

Return on Assets

2.63%

Rank 3 of 113

Net Interest Margin

4.38%

Rank 23 of 113

Efficiency Ratio

40.45%

Rank 5 of 113

Equity / Assets

12.95%

Rank 22 of 113

Non-interest income vs. expense

$0.5M$1.0MINCOMEEXPENSE
Unfavorable gap of $0.5M · efficiency ratio beats 96% of banks under $1B in assets in MN
Bank 40.45%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Return on Assets2.63%0.87%1.20%1.41%Beats 97%3 / 113
Net Interest Margin4.38%3.42%3.88%4.31%Beats 80%23 / 113
Nonperforming Loans / Loans0.00%0.09%0.58%1.82%Beats 100%12 / 111
Tier 1 Capital Ratio12.81%11.53%13.31%18.13%Beats 43%64 / 113
Equity / Assets12.95%8.52%10.10%11.94%Beats 81%22 / 113
Loans / Assets68.92%55.01%66.35%75.50%55th pctl51 / 113