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Wellington State Bank

Wellington, TX · Cert 1219 · WSB Bancshares Inc.

State charter, Fed member · FED · 14 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in TX3

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 TX (n=208 to 211). 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

45

Q2 2024Q2 2026peer median (50)

Asset Quality

15

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

75

Q2 2024Q2 2026peer median

Efficiency

50

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

Wellington State Bank

Wellington, TX · Cert 1219 · WSB Bancshares Inc.

State charter, Fed member · FED · 14 branches

Q2 2026

$659.7MAssets
$343.6MLoans
$599.4MDeposits
$50.3MEquity
Loan mix
89%RE $258.0M8%C&I $24.5M2%Consumer $6.8MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $436.2M27%Noninterest $163.3MQ2 2025Q2 2026

NIM

5.17%Q2 ’245.07%Q2 ’255.04%Q2 ’26+10%+7%

Non-interest income vs. expense

2.83%Q2 ’242.69%Q2 ’252.47%Q2 ’26-7%-7%

Market Position · Lubbock, TX · 2026 SOD (annual) · 0.3% share · #26 of 31 inst. · $0.0B of $14.3B

49.4% Wheeler
76.4% Collingsworth
43.7% Dallam
15.8% Lamb

Executive Summary

  • Earnings: ROA of 1.00%, up 25 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 5.27% of loans (+30 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 9.55%, down 25 bps from a year ago.
  • Funding: loans stand at 57.31% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.00%+25 bps YoY

Net Interest Margin (YTD, annualized)

3.46%+22 bps YoY

Efficiency Ratio (YTD, annualized)

64.18%-866 bps YoY

Tier 1 Leverage Ratio

9.55%-25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.75%0.67%0.69%0.95%1.00%+25 bps
Return on Equity11.09%9.54%9.57%12.31%13.07%+199 bps
Net Interest Margin3.25%3.15%3.02%3.32%3.46%+22 bps
Efficiency Ratio72.84%74.39%73.58%64.32%64.18%-866 bps
Non-Interest Burden2.24%2.23%2.12%1.99%2.07%-17 bps
Growth
Asset Growth (YoY)4.97%7.68%10.25%9.31%10.25%+528 bps
Loan Growth (YoY)-1.20%-2.84%-2.55%-0.66%-1.86%-66 bps
Deposit Growth (YoY)5.41%8.41%8.82%8.52%9.72%+431 bps
Asset Quality
Nonperforming Loans / Loans4.97%6.07%7.17%6.57%5.27%+30 bps
Net Charge-Offs / Loans0.34%0.23%0.22%0.05%0.06%-28 bps
Allowance / Loans1.30%1.39%1.36%1.43%1.46%+15 bps
Allowance Coverage of NPLs0.3x0.2x0.2x0.2x0.3x0.0x
Capital
Tier 1 Leverage Ratio9.80%9.78%9.43%9.38%9.55%-25 bps
Total Risk-Based Capital16.13%15.76%16.74%17.16%17.79%+166 bps
Equity / Assets7.03%7.68%7.71%7.72%7.62%+59 bps
Liquidity & Funding
Loans / Deposits64.07%59.23%58.72%57.87%57.31%-676 bps
Liquid Assets / Assets5.05%9.80%9.81%8.19%9.83%+478 bps
CRE / Total Capitaln/a291%293%290%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

Wellington State Bank

Wellington, TX · Cert 1219 · Peer group: banks under $1B in assets in TX (n=208-211) · WSB Bancshares Inc.

State charter, Fed member · FED · 14 branches

Q2 2026

$659.7MAssets
$343.6MLoans
$599.4MDeposits
$50.3MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 65% of banks under $1B in assets in TX (rank 74 of 211).
  • Widest gap: nonperforming loans / loans trails 100% of banks under $1B in assets in TX (rank 208 of 208).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.00%

Rank 137 of 211

Net Interest Margin

3.46%

Rank 144 of 211

Efficiency Ratio

64.18%

Rank 106 of 211

Equity / Assets

7.62%

Rank 195 of 211

Non-interest income vs. expense

$2.6M$16.5MINCOMEEXPENSE
Unfavorable gap of $13.9M · efficiency ratio beats 50% of banks under $1B in assets in TX
Bank 64.18%Peer median 64.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.00%0.87%1.20%1.65%Beats 35%137 / 211
Return on Equity13.08%7.52%11.67%14.58%Beats 65%74 / 211
Net Interest Margin3.46%3.28%3.82%4.31%Beats 32%144 / 211
Efficiency Ratio64.18%53.01%64.18%73.65%Beats 50%106 / 211
Asset Quality
Nonperforming Loans / Loans5.27%0.01%0.30%1.10%Beats 0%208 / 208
Net Charge-Offs / Loans0.04%0.00%0.01%0.06%Beats 29%148 / 208
Capital
Tier 1 Capital Ratio16.54%11.72%14.45%19.57%Beats 63%78 / 211
Total Risk-Based Capital Ratio17.79%11.94%14.78%20.30%Beats 65%74 / 211
Equity / Assets7.62%9.41%11.06%12.94%Beats 8%195 / 211
Liquidity & Funding
Loans / Deposits57.31%45.39%66.56%82.03%35th pctl135 / 208
Loans / Assets52.07%39.13%56.90%70.46%38th pctl131 / 211
Brokered Deposits / Depositsn/aNot reported for this institution