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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

$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