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Farmers State Bank of Waupaca, The

Waupaca, WI · Cert 13033 · Farmers State Bcorp Inc.

State charter, Fed member · FED · 3 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

34

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

72

Q2 2024Q2 2026peer median (50)

Liquidity

39

Q2 2024Q2 2026peer median

Efficiency

58

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 State Bank of Waupaca, The

Waupaca, WI · Cert 13033 · Farmers State Bcorp Inc.

State charter, Fed member · FED · 3 branches

Q2 2026

$279.5MAssets
$173.0MLoans
$244.1MDeposits
$30.1MEquity
Loan mix
87%RE $144.7M8%C&I $13.4M4%Consumer $7.4MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $179.8M26%Noninterest $64.3MQ2 2025Q2 2026

NIM

4.71%Q2 ’244.97%Q2 ’254.94%Q2 ’26+7%+3%

Non-interest income vs. expense

2.57%Q2 ’242.65%Q2 ’252.58%Q2 ’26+4%-2%

Executive Summary

  • Earnings: ROA of 1.50%, up 13 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (-9 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 11.57%, down 57 bps from a year ago.
  • Funding: loans stand at 70.86% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.50%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.85%+11 bps YoY

Efficiency Ratio (YTD, annualized)

59.93%-301 bps YoY

Tier 1 Leverage Ratio

11.57%-57 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.36%1.25%1.48%1.50%+13 bps
Return on Equity13.35%12.95%12.02%14.52%14.48%+113 bps
Net Interest Margin3.74%3.66%3.62%3.71%3.85%+11 bps
Efficiency Ratio62.94%63.60%66.94%60.12%59.93%-301 bps
Non-Interest Burden2.18%2.16%2.27%2.06%2.12%-5 bps
Growth
Asset Growth (YoY)4.72%4.36%3.98%9.17%9.04%+432 bps
Loan Growth (YoY)3.85%4.80%2.78%6.25%7.61%+376 bps
Deposit Growth (YoY)5.08%4.62%3.35%9.61%9.08%+399 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.03%0.01%0.01%0.00%-9 bps
Net Charge-Offs / Loans-0.05%-0.04%-0.03%-0.02%-0.01%+4 bps
Allowance / Loans1.35%1.34%1.32%1.30%1.26%-9 bps
Allowance Coverage of NPLs14.7x44.3x166.9x128.1xn/an/a
Capital
Tier 1 Leverage Ratio12.14%12.02%11.01%10.96%11.57%-57 bps
Total Risk-Based Capital12.14%12.02%11.01%10.96%11.57%-57 bps
Equity / Assets10.70%11.17%10.10%10.30%10.76%+6 bps
Liquidity & Funding
Loans / Deposits71.82%70.14%66.66%69.34%70.86%-96 bps
Liquid Assets / Assets5.60%8.08%10.80%10.22%6.59%+99 bps
CRE / Total Capitaln/a137.18%150.93%152.60%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 State Bank of Waupaca, The

Waupaca, WI · Cert 13033 · Peer group: banks under $1B in assets in WI (n=110-113) · Farmers State Bcorp Inc.

State charter, Fed member · FED · 3 branches

Q2 2026

$279.5MAssets
$173.0MLoans
$244.1MDeposits
$30.1MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in WI (rank 16 of 110).
  • Widest gap: total risk-based capital ratio trails 75% of banks under $1B in assets in WI (rank 85 of 113).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.50%

Rank 30 of 113

Net Interest Margin

3.85%

Rank 37 of 113

Efficiency Ratio

59.93%

Rank 49 of 113

Equity / Assets

10.76%

Rank 56 of 113

Non-interest income vs. expense

$1.3M$7.2MINCOMEEXPENSE
Unfavorable gap of $5.9M · efficiency ratio beats 58% of banks under $1B in assets in WI
Bank 59.93%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.50%0.85%1.17%1.51%Beats 73%30 / 113
Return on Equity13.91%7.70%10.77%13.67%Beats 76%27 / 113
Net Interest Margin3.85%3.19%3.59%3.89%Beats 67%37 / 113
Efficiency Ratio59.93%54.61%62.43%71.88%Beats 58%49 / 113
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.24%0.91%Beats 100%16 / 110
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 36%71 / 110
Capital
Tier 1 Capital Ratio11.57%11.22%12.95%15.76%Beats 27%82 / 113
Total Risk-Based Capital Ratio11.57%11.57%13.59%16.73%Beats 25%85 / 113
Equity / Assets10.76%9.17%10.74%13.13%Beats 50%56 / 113
Liquidity & Funding
Loans / Deposits70.86%76.54%86.37%98.93%19th pctl91 / 112
Loans / Assets61.89%63.07%71.33%78.84%24th pctl86 / 113
Brokered Deposits / Depositsn/aNot reported for this institution