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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

$279.5MAssets
$173.0MLoans
$244.1MDeposits
$30.1MEquity
Loan mix
87%RE $144.7M8%C&I $13.4M4%Consumer $7.4MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $179.8M26%Noninterest $64.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.25%1.26%1.38%1.37%1.36%1.25%1.48%1.50%+13 bps
Return on Equity11.50%11.93%13.74%13.35%12.95%12.02%14.52%14.48%+113 bps
Net Interest Margin3.47%3.46%3.62%3.74%3.66%3.62%3.71%3.85%+11 bps
Efficiency Ratio65.46%65.19%62.50%62.94%63.60%66.94%60.12%59.93%-301 bps
Non-Interest Burden2.11%2.08%2.10%2.18%2.16%2.27%2.06%2.12%-5 bps
Growth
Asset Growth (YoY)3.18%5.94%1.99%4.72%4.36%3.98%9.17%9.04%+432 bps
Loan Growth (YoY)1.14%4.84%4.70%3.85%4.80%2.78%6.25%7.61%+376 bps
Deposit Growth (YoY)1.64%6.80%2.19%5.08%4.62%3.35%9.61%9.08%+399 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.11%0.20%0.09%0.03%0.01%0.01%0.00%-9 bps
Net Charge-Offs / Loans0.02%-0.02%-0.10%-0.05%-0.04%-0.03%-0.02%-0.01%+4 bps
Allowance / Loans1.35%1.33%1.37%1.35%1.34%1.32%1.30%1.26%-9 bps
Allowance Coverage of NPLs6.7x12.4x6.8x14.7x44.3x166.9x128.1xn/an/a
Capital
Tier 1 Leverage Ratio12.18%11.30%11.40%12.14%12.02%11.01%10.96%11.57%-57 bps
Total Risk-Based Capital12.18%11.30%11.40%12.14%12.02%11.01%10.96%11.57%-57 bps
Equity / Assets11.32%9.58%10.59%10.70%11.17%10.10%10.30%10.76%+6 bps
Liquidity & Funding
Loans / Deposits70.02%67.04%71.53%71.82%70.14%66.66%69.34%70.86%-96 bps
Liquid Assets / Assets6.71%7.61%5.98%5.60%8.08%10.80%10.22%6.59%+99 bps
CRE / Total Capitaln/an/an/an/a137.18%150.93%152.60%n/an/a