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First Business Bank

Madison, WI · Cert 15229 · First Bus Finl Services Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=176). 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

26

Q2 2024Q2 2026peer median (50)

Profitability

57

Q2 2024Q2 2026peer median (50)

Liquidity

24

Q2 2024Q2 2026peer median

Efficiency

57

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

First Business Bank

Madison, WI · Cert 15229 · First Bus Finl Services Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$4.4BAssets
$3.6BLoans
$3.6BDeposits
$448.6MEquity
Loan mix
61%RE $2.0B39%C&I $1.3B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $3.2B12%Noninterest $0.4BQ2 2025Q2 2026

NIM

6.27%Q2 ’246.13%Q2 ’255.90%Q2 ’26+3%+0%

Non-interest income vs. expense

2.58%Q2 ’242.47%Q2 ’252.52%Q2 ’26-2%-2%

Market Position · Madison, WI · 2026 SOD (annual) · 9.5% share · #3 of 41 inst. · $2.9B of $30.1B

10.9% Dane
2.6% Waukesha
0.6% Johnson
2.2% Outagamie

Executive Summary

  • Earnings: ROA of 1.41%, up 15 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 1.06% of loans (+18 bps YoY), with net charge-offs at 0.18%.
  • Capital: tier 1 leverage ratio of 10.37%, up 21 bps from a year ago.
  • Funding: loans stand at 99.72% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.41%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.51%+1 bps YoY

Efficiency Ratio (YTD, annualized)

58.08%-26 bps YoY

Tier 1 Leverage Ratio

10.37%+21 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.26%1.36%1.36%1.29%1.41%+15 bps
Return on Equity12.77%13.66%13.51%12.72%13.89%+112 bps
Net Interest Margin3.50%3.45%3.35%3.44%3.51%+1 bps
Efficiency Ratio58.35%57.30%57.01%58.37%58.08%-26 bps
Non-Interest Burden1.72%1.63%1.57%1.65%1.68%-4 bps
Growth
Asset Growth (YoY)10.69%8.60%5.93%9.53%10.13%-55 bps
Loan Growth (YoY)9.14%9.49%8.49%10.26%9.81%+67 bps
Deposit Growth (YoY)14.65%12.03%8.63%10.05%8.64%-601 bps
Asset Quality
Nonperforming Loans / Loans0.88%0.70%1.29%1.15%1.06%+18 bps
Net Charge-Offs / Loans0.27%0.23%0.24%0.25%0.18%-9 bps
Allowance / Loans1.13%1.10%1.06%1.04%1.04%-9 bps
Allowance Coverage of NPLs1.3x1.6x0.8x0.9x1.0x-0.3x
Capital
Tier 1 Leverage Ratio10.16%10.18%10.11%10.16%10.37%+21 bps
Total Risk-Based Capital12.19%12.12%12.16%12.04%12.18%-1 bps
Equity / Assets9.93%10.18%10.37%9.97%10.17%+25 bps
Liquidity & Funding
Loans / Deposits98.65%100.40%100.31%98.62%99.72%+106 bps
Liquid Assets / Assets1.95%0.34%0.34%2.53%3.08%+113 bps
CRE / Total Capitaln/a459%457%461%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

First Business Bank

Madison, WI · Cert 15229 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · First Bus Finl Services Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$4.4BAssets
$3.6BLoans
$3.6BDeposits
$448.6MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 64% of banks $1B-$10B in assets operating regionally (rank 64 of 176).
  • Widest gap: net charge-offs / loans trails 78% of banks $1B-$10B in assets operating regionally (rank 139 of 176).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.37%

Rank 67 of 176

Net Interest Margin

3.51%

Rank 97 of 176

Efficiency Ratio

58.08%

Rank 76 of 176

Equity / Assets

10.17%

Rank 95 of 176

Non-interest income vs. expense

$36.1M$108.6MINCOMEEXPENSE
Unfavorable gap of $72.5M · efficiency ratio beats 57% of banks $1B-$10B in assets operating regionally
Bank 58.08%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.37%0.93%1.26%1.54%Beats 62%67 / 176
Return on Equity13.45%9.26%11.89%14.46%Beats 64%64 / 176
Net Interest Margin3.51%3.25%3.59%3.93%Beats 45%97 / 176
Efficiency Ratio58.08%52.79%59.55%67.66%Beats 57%76 / 176
Asset Quality
Nonperforming Loans / Loans1.06%0.30%0.64%1.32%Beats 30%124 / 176
Net Charge-Offs / Loans0.11%0.01%0.04%0.10%Beats 22%139 / 176
Capital
Tier 1 Capital Ratio11.17%11.15%12.72%14.15%Beats 26%131 / 176
Total Risk-Based Capital Ratio12.18%11.81%13.63%15.33%Beats 30%124 / 176
Equity / Assets10.17%9.16%10.35%11.80%Beats 46%95 / 176
Liquidity & Funding
Loans / Deposits99.72%80.94%89.73%97.21%82nd pctl31 / 176
Loans / Assets81.30%69.25%75.12%80.82%78th pctl38 / 176
Brokered Deposits / Depositsn/aNot reported for this institution