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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 $1.8MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $26.5M30%Noninterest $11.5MQ2 2025Q2 2026

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%

Executive Summary

  • Earnings: ROA of 2.63%, up 38 bps year over year; NIM at 4.38%.
  • Asset quality: problem loans at 0.00% of loans (-3 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 12.81%, up 78 bps from a year ago.
  • Funding: loans stand at 80.20% of deposits as of Q2 2026.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.25%2.18%1.99%2.65%2.63%+38 bps
Return on Equity19.36%18.58%16.73%21.18%20.76%+140 bps
Net Interest Margin4.55%4.51%4.40%4.41%4.38%-17 bps
Efficiency Ratio44.33%45.81%51.29%41.19%40.45%-388 bps
Non-Interest Burden1.66%1.73%1.98%1.00%1.07%-60 bps
Growth
Asset Growth (YoY)8.42%8.46%4.14%2.46%3.39%-503 bps
Loan Growth (YoY)10.59%12.95%3.89%3.50%1.47%-911 bps
Deposit Growth (YoY)7.53%8.54%1.89%0.91%4.35%-318 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.00%0.00%0.00%0.00%-3 bps
Net Charge-Offs / Loans0.15%0.11%0.01%-0.03%-0.05%-20 bps
Allowance / Loans1.49%1.48%1.60%1.57%1.55%+6 bps
Allowance Coverage of NPLs44.8xn/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.03%12.31%12.15%12.79%12.81%+78 bps
Total Risk-Based Capital19.27%19.72%12.15%12.79%12.81%-646 bps
Equity / Assets11.96%12.16%12.41%12.62%12.95%+98 bps
Liquidity & Funding
Loans / Deposits82.47%78.66%76.39%77.38%80.20%-228 bps
Liquid Assets / Assets11.86%12.70%19.47%17.10%17.88%+602 bps
CRE / Total Capitaln/a89.09%85.78%81.65%n/an/a