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Laona State Bank

Laona, WI · Cert 11601 · Northern WI Bk Holding Co. Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$296.6MAssets
$161.0MLoans
$271.5MDeposits
$22.3MEquity
Loan mix
83%RE $129.6M10%C&I $16.0M7%Consumer $10.5MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $224.5M17%Noninterest $47.0MQ2 2025Q2 2026

NIM

3.70%Q2 ’244.09%Q2 ’254.33%Q2 ’26+23%+26%

Non-interest income vs. expense

1.92%Q2 ’242.03%Q2 ’252.49%Q2 ’26+7%+26%

Market Position · Green Bay, WI · 2026 SOD (annual) · 0.4% share · #17 of 20 inst. · $0.1B of $14.9B

79.1% Forest
16.1% Oconto

Executive Summary

  • Earnings: ROA of 0.33%, up 1 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 1.34% of loans (-77 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 9.63%, down 40 bps from a year ago.
  • Funding: loans stand at 59.29% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.33%+1 bps YoY

Net Interest Margin (YTD, annualized)

2.86%+58 bps YoY

Efficiency Ratio (YTD, annualized)

84.46%-11 bps YoY

Tier 1 Leverage Ratio

9.63%-40 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.32%0.43%0.50%-0.45%0.33%+1 bps
Return on Equity4.60%6.08%6.94%-6.00%4.44%-17 bps
Net Interest Margin2.28%2.36%2.52%3.00%2.86%+58 bps
Efficiency Ratio84.57%76.47%74.10%109.33%84.46%-11 bps
Non-Interest Burden1.91%1.77%1.83%3.29%2.40%+49 bps
Growth
Asset Growth (YoY)6.29%5.81%9.65%8.48%5.46%-82 bps
Loan Growth (YoY)5.37%2.56%6.49%5.99%5.32%-5 bps
Deposit Growth (YoY)5.59%5.69%8.14%7.51%4.48%-111 bps
Asset Quality
Nonperforming Loans / Loans2.11%1.26%1.23%1.43%1.34%-77 bps
Net Charge-Offs / Loans0.02%-0.01%0.00%0.07%0.04%+2 bps
Allowance / Loans1.24%1.26%1.21%1.19%1.17%-7 bps
Allowance Coverage of NPLs0.6x1.0x1.0x0.8x0.9x+0.3x
Capital
Tier 1 Leverage Ratio10.03%9.76%9.73%9.94%9.63%-40 bps
Total Risk-Based Capital10.03%9.76%9.73%9.94%9.63%-40 bps
Equity / Assets7.19%7.31%7.38%7.48%7.51%+32 bps
Liquidity & Funding
Loans / Deposits58.82%55.78%58.08%59.50%59.29%+47 bps
Liquid Assets / Assets7.55%9.11%5.25%5.29%4.33%-322 bps
CRE / Total Capitaln/a94.66%98.48%103.38%n/an/a