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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

3.83%Q2 ’244.20%Q2 ’254.31%Q2 ’26+33%+15%

Non-interest income vs. expense

2.01%Q2 ’242.10%Q2 ’251.74%Q2 ’26+6%-16%

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 1.11%, up 66 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 1.34% of loans (-77 bps YoY), with net charge-offs at 0.01%.
  • 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 (quarter, annualized)

1.11%+66 bps YoY

Net Interest Margin (quarter, annualized)

2.87%+38 bps YoY

Efficiency Ratio (quarter, annualized)

59.27%-2,150 bps YoY

Tier 1 Leverage Ratio

9.63%-40 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.45%0.64%0.68%-0.45%1.11%+66 bps
Return on Equity6.22%8.81%9.20%-6.00%14.82%+860 bps
Net Interest Margin2.49%2.72%2.94%3.00%2.87%+38 bps
Efficiency Ratio80.78%63.56%68.25%109.33%59.27%-2,150 bps
Non-Interest Burden1.99%1.67%1.97%3.29%1.68%-31 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 / Loans0.01%-0.08%0.02%0.07%0.01%0 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