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Union State Bank

West Salem, WI · Cert 14560

State charter, non-member · FDIC · 2 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

37

Q2 2024Q2 2026peer median (50)

Asset Quality

41

Q2 2024Q2 2026peer median (50)

Profitability

62

Q2 2024Q2 2026peer median (50)

Liquidity

76

Q2 2024Q2 2026peer median

Efficiency

65

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

Union State Bank

West Salem, WI · Cert 14560

State charter, non-member · FDIC · 2 branches

Q2 2026

$117.6MAssets
$78.2MLoans
$97.4MDeposits
$12.3MEquity
Loan mix
85%RE $57.7M10%C&I $7.1M5%Consumer $3.2MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $78.8M19%Noninterest $18.6MQ2 2025Q2 2026

NIM

4.61%Q2 ’245.01%Q2 ’255.31%Q2 ’26+13%+17%

Non-interest income vs. expense

2.51%Q2 ’242.47%Q2 ’252.31%Q2 ’26-1%-9%

Market Position · La Crosse-Onalaska, WI-MN · 2026 SOD (annual) · 2.0% share · #15 of 24 inst. · $0.1B of $4.9B

Executive Summary

  • Earnings: ROA of 1.34%, up 58 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.14% of loans (-19 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.15%, up 63 bps from a year ago.
  • Funding: loans stand at 80.33% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.34%+58 bps YoY

Net Interest Margin (YTD, annualized)

3.59%+53 bps YoY

Efficiency Ratio (YTD, annualized)

57.94%-1,410 bps YoY

Tier 1 Leverage Ratio

12.15%+63 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.76%0.79%0.89%1.41%1.34%+58 bps
Return on Equity8.75%8.81%9.90%14.68%13.58%+483 bps
Net Interest Margin3.05%3.14%3.11%3.41%3.59%+53 bps
Efficiency Ratio72.04%67.79%66.12%58.02%57.94%-1,410 bps
Non-Interest Burden2.10%2.01%1.94%1.82%1.91%-19 bps
Growth
Asset Growth (YoY)2.31%2.63%9.06%4.31%4.11%+180 bps
Loan Growth (YoY)4.48%1.84%6.36%6.31%7.10%+262 bps
Deposit Growth (YoY)0.97%1.52%8.30%4.55%4.52%+355 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.25%0.17%0.15%0.14%-19 bps
Net Charge-Offs / Loans-0.01%0.33%0.23%-0.02%0.00%+1 bps
Allowance / Loans1.03%0.94%0.92%0.91%0.89%-15 bps
Allowance Coverage of NPLs3.1x3.7x5.5x6.0x6.4x+3.3x
Capital
Tier 1 Leverage Ratio11.53%11.72%11.47%11.40%12.15%+63 bps
Total Risk-Based Capital11.53%11.72%11.47%11.40%12.15%+63 bps
Equity / Assets9.17%9.70%9.24%10.00%10.48%+132 bps
Liquidity & Funding
Loans / Deposits78.39%78.44%73.78%75.36%80.33%+194 bps
Liquid Assets / Assets2.25%2.98%6.84%5.53%2.08%-17 bps
CRE / Total Capitaln/a119.19%109.46%108.96%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

Union State Bank

West Salem, WI · Cert 14560 · Peer group: banks under $1B in assets in WI (n=110-113)

State charter, non-member · FDIC · 2 branches

Q2 2026

$117.6MAssets
$78.2MLoans
$97.4MDeposits
$12.3MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 69% of banks under $1B in assets in WI (rank 35 of 113).
  • Widest gap: net charge-offs / loans trails 75% of banks under $1B in assets in WI (rank 84 of 110).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.38%

Rank 37 of 113

Net Interest Margin

3.59%

Rank 57 of 113

Efficiency Ratio

57.94%

Rank 40 of 113

Equity / Assets

10.48%

Rank 61 of 113

Non-interest income vs. expense

$0.5M$2.8MINCOMEEXPENSE
Unfavorable gap of $2.3M · efficiency ratio beats 65% of banks under $1B in assets in WI
Bank 57.94%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.38%0.85%1.17%1.51%Beats 67%37 / 113
Return on Equity13.15%7.70%10.77%13.67%Beats 69%35 / 113
Net Interest Margin3.59%3.19%3.59%3.89%Beats 50%57 / 113
Efficiency Ratio57.94%54.61%62.43%71.88%Beats 65%40 / 113
Asset Quality
Nonperforming Loans / Loans0.14%0.03%0.24%0.91%Beats 56%49 / 110
Net Charge-Offs / Loans0.01%n/a0.00%0.01%Beats 25%84 / 110
Capital
Tier 1 Capital Ratio12.15%11.22%12.95%15.76%Beats 35%73 / 113
Total Risk-Based Capital Ratio12.15%11.57%13.59%16.73%Beats 30%79 / 113
Equity / Assets10.48%9.17%10.74%13.13%Beats 46%61 / 113
Liquidity & Funding
Loans / Deposits80.33%76.54%86.37%98.93%37th pctl71 / 112
Loans / Assets66.49%63.07%71.33%78.84%32nd pctl77 / 113
Brokered Deposits / Depositsn/aNot reported for this institution