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Wadena State Bank

Wadena, MN · Cert 13430 · Wadena Bankshares Inc.

State charter, Fed member · FED · 4 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 MN3

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 MN (n=112 to 114). 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

12

Q2 2024Q2 2026peer median (50)

Asset Quality

92

Q2 2024Q2 2026peer median (50)

Profitability

80

Q2 2024Q2 2026peer median (50)

Liquidity

75

Q2 2024Q2 2026peer median

Efficiency

73

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

Wadena State Bank

Wadena, MN · Cert 13430 · Wadena Bankshares Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$206.6MAssets
$131.6MLoans
$187.9MDeposits
$17.9MEquity
Loan mix
76%RE $98.1M20%C&I $26.1M4%Consumer $4.6MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $147.3M22%Noninterest $40.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.59%, up 22 bps year over year; NIM at 4.26%.
  • Asset quality: problem loans at 0.04% of loans (-43 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 9.84%, up 29 bps from a year ago.
  • Funding: loans stand at 70.04% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.59%+22 bps YoY

Net Interest Margin (YTD, annualized)

4.26%+15 bps YoY

Efficiency Ratio (YTD, annualized)

54.70%-553 bps YoY

Tier 1 Leverage Ratio

9.84%+29 bps YoY

NIM

5.50%Q2 ’245.56%Q2 ’255.64%Q2 ’26-2%+4%

Non-interest income vs. expense

2.41%Q2 ’242.65%Q2 ’252.48%Q2 ’26+12%-7%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.60%1.54%1.32%1.37%1.39%1.50%1.40%1.59%+22 bps
Return on Equity19.77%19.06%16.70%17.41%17.37%18.27%16.13%18.37%+96 bps
Net Interest Margin4.24%4.19%4.12%4.11%4.13%4.15%4.22%4.26%+15 bps
Efficiency Ratio53.89%55.26%61.58%60.23%59.98%57.51%59.27%54.70%-553 bps
Non-Interest Burden2.15%2.18%2.40%2.33%2.34%2.24%2.37%2.18%-15 bps
Growth
Asset Growth (YoY)-1.32%-2.42%-0.09%2.30%1.69%2.17%1.85%1.07%-123 bps
Loan Growth (YoY)3.36%5.67%5.59%9.53%4.35%2.34%4.47%-2.19%-1,172 bps
Deposit Growth (YoY)-1.22%-1.35%-0.36%0.48%2.33%1.51%1.03%3.08%+260 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.39%0.05%0.47%0.23%0.10%0.39%0.04%-43 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.03%-3 bps
Allowance / Loans0.90%0.94%0.95%0.92%0.91%0.92%0.90%0.95%+4 bps
Allowance Coverage of NPLsn/a2.4x18.8x2.0x4.0x9.6x2.3x23.7x+21.7x
Capital
Tier 1 Leverage Ratio9.90%10.11%9.50%9.55%9.76%10.18%9.48%9.84%+29 bps
Total Risk-Based Capital9.90%10.11%9.50%9.55%9.76%10.18%9.48%9.84%+29 bps
Equity / Assets8.19%8.18%7.58%7.82%8.39%9.18%8.18%8.67%+85 bps
Liquidity & Funding
Loans / Deposits69.88%71.50%71.02%73.81%71.26%72.09%73.44%70.04%-377 bps
Liquid Assets / Assets3.53%3.03%3.58%3.46%4.71%2.67%2.78%6.45%+299 bps
CRE / Total Capitaln/an/an/an/a167.52%142.98%157.30%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

Wadena State Bank

Wadena, MN · Cert 13430 · Peer group: banks under $1B in assets in MN (n=112-114) · Wadena Bankshares Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$206.6MAssets
$131.6MLoans
$187.9MDeposits
$17.9MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 112).
  • Widest gap: total risk-based capital ratio trails 96% of banks under $1B in assets in MN (rank 109 of 114).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.59%

Rank 20 of 114

Net Interest Margin

4.26%

Rank 34 of 114

Efficiency Ratio

54.70%

Rank 32 of 114

Equity / Assets

8.67%

Rank 83 of 114

Non-interest income vs. expense

$0.6M$5.1MINCOMEEXPENSE
Unfavorable gap of $4.5M · efficiency ratio beats 73% of banks under $1B in assets in MN
Bank 54.70%Peer median 61.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.59%0.87%1.20%1.41%Beats 82%20 / 114
Return on Equity18.29%8.92%11.27%13.99%Beats 89%12 / 114
Net Interest Margin4.26%3.39%3.88%4.31%Beats 70%34 / 114
Efficiency Ratio54.70%54.13%61.64%69.86%Beats 73%32 / 114
Asset Quality
Nonperforming Loans / Loans0.04%0.09%0.58%1.82%Beats 83%20 / 112
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 112
Capital
Tier 1 Capital Ratio9.84%11.46%13.31%18.13%Beats 4%109 / 114
Total Risk-Based Capital Ratio9.84%12.01%14.43%19.39%Beats 4%109 / 114
Equity / Assets8.67%8.52%10.22%11.94%Beats 27%83 / 114
Liquidity & Funding
Loans / Deposits70.04%62.85%77.32%88.06%36th pctl72 / 112
Loans / Assets63.68%55.01%66.35%75.50%43rd pctl65 / 114
Brokered Deposits / Depositsn/aNot reported for this institution