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Farmers Savings Bank

Mineral Point, WI · Cert 13025 · Southern WI Bancshares Corp.

State charter, non-member · FDIC · 5 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 WI3

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 WI (n=110 to 113). 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

74

Q2 2024Q2 2026peer median (50)

Asset Quality

55

Q2 2024Q2 2026peer median (50)

Profitability

47

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

76

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

Farmers Savings Bank

Mineral Point, WI · Cert 13025 · Southern WI Bancshares Corp.

State charter, non-member · FDIC · 5 branches

Q2 2026

$461.2MAssets
$231.2MLoans
$404.0MDeposits
$49.8MEquity
Loan mix
81%RE $173.1M16%C&I $33.8M3%Consumer $6.5MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $316.2M22%Noninterest $87.9MQ2 2025Q2 2026

NIM

4.45%Q2 ’244.64%Q2 ’254.59%Q2 ’26+4%-2%

Non-interest income vs. expense

2.01%Q2 ’242.08%Q2 ’251.78%Q2 ’26+9%-19%

Market Position · Madison, WI · 2026 SOD (annual) · 1.3% share · #22 of 41 inst. · $0.4B of $30.1B

50.3% Iowa
0.3% Dane

Executive Summary

  • Earnings: ROA of 1.38%, up 38 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.05% of loans (-54 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.24%, up 64 bps from a year ago.
  • Funding: loans stand at 57.22% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.38%+38 bps YoY

Net Interest Margin (YTD, annualized)

2.88%-7 bps YoY

Efficiency Ratio (YTD, annualized)

52.85%-778 bps YoY

Tier 1 Leverage Ratio

11.24%+64 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%1.05%1.13%1.12%1.38%+38 bps
Return on Equity10.69%10.90%11.51%10.66%12.96%+227 bps
Net Interest Margin2.95%2.91%2.91%2.83%2.88%-7 bps
Efficiency Ratio60.63%59.72%57.50%56.70%52.85%-778 bps
Non-Interest Burden1.60%1.54%1.48%1.41%1.29%-30 bps
Growth
Asset Growth (YoY)6.71%3.96%5.04%8.99%6.64%-7 bps
Loan Growth (YoY)5.92%4.07%4.72%6.16%7.16%+123 bps
Deposit Growth (YoY)6.50%2.40%2.82%8.75%5.16%-133 bps
Asset Quality
Nonperforming Loans / Loans0.59%0.48%0.02%0.05%0.05%-54 bps
Net Charge-Offs / Loans0.01%0.00%0.02%0.02%0.01%0 bps
Allowance / Loans1.18%1.16%1.11%1.10%1.03%-15 bps
Allowance Coverage of NPLs2.0x2.4x62.5x23.7x21.9x+19.9x
Capital
Tier 1 Leverage Ratio10.60%10.63%10.90%10.91%11.24%+64 bps
Total Risk-Based Capital17.93%17.90%18.74%19.26%21.07%+314 bps
Equity / Assets9.67%10.53%10.66%10.36%10.81%+114 bps
Liquidity & Funding
Loans / Deposits56.16%59.98%59.88%57.84%57.22%+107 bps
Liquid Assets / Assets12.62%7.64%9.71%15.03%20.63%+801 bps
CRE / Total Capitaln/a174.16%173.34%171.70%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

Farmers Savings Bank

Mineral Point, WI · Cert 13025 · Peer group: banks under $1B in assets in WI (n=110-113) · Southern WI Bancshares Corp.

State charter, non-member · FDIC · 5 branches

Q2 2026

$461.2MAssets
$231.2MLoans
$404.0MDeposits
$49.8MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 85% of banks under $1B in assets in WI (rank 17 of 113).
  • Widest gap: net interest margin trails 89% of banks under $1B in assets in WI (rank 101 of 113).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.35%

Rank 41 of 113

Net Interest Margin

2.88%

Rank 101 of 113

Efficiency Ratio

52.85%

Rank 28 of 113

Equity / Assets

10.81%

Rank 55 of 113

Non-interest income vs. expense

$2.3M$8.2MINCOMEEXPENSE
Unfavorable gap of $6.0M · efficiency ratio beats 76% of banks under $1B in assets in WI
Bank 52.85%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.35%0.85%1.17%1.51%Beats 64%41 / 113
Return on Equity12.47%7.70%10.77%13.67%Beats 65%40 / 113
Net Interest Margin2.88%3.19%3.59%3.89%Beats 11%101 / 113
Efficiency Ratio52.85%54.61%62.43%71.88%Beats 76%28 / 113
Asset Quality
Nonperforming Loans / Loans0.05%0.03%0.24%0.91%Beats 72%32 / 110
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 38%70 / 110
Capital
Tier 1 Capital Ratio20.06%11.22%12.95%15.76%Beats 85%17 / 113
Total Risk-Based Capital Ratio21.07%11.57%13.59%16.73%Beats 85%17 / 113
Equity / Assets10.81%9.17%10.74%13.13%Beats 51%55 / 113
Liquidity & Funding
Loans / Deposits57.22%76.54%86.37%98.93%6th pctl105 / 112
Loans / Assets50.13%63.07%71.33%78.84%7th pctl105 / 113
Brokered Deposits / Depositsn/aNot reported for this institution