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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