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Waukesha State Bank

Waukesha, WI · Cert 16160 · Bank Street Capital Corp.

State charter, non-member · FDIC · 15 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 in a single state3

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 in a single state (n=266 to 267). 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

71

Q2 2024Q2 2026peer median (50)

Profitability

88

Q2 2024Q2 2026peer median (50)

Liquidity

56

Q2 2024Q2 2026peer median

Efficiency

62

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 2026-10-10

Waukesha State Bank

Waukesha, WI · Cert 16160 · Bank Street Capital Corp.

State charter, non-member · FDIC · 15 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.3BDeposits
$177.7MEquity
Loan mix
90%RE $1.1B9%C&I $0.1B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $899.0M30%Noninterest $389.9MQ2 2025Q2 2026

NIM

4.93%Q2 ’245.14%Q2 ’255.39%Q2 ’26+10%+9%

Non-interest income vs. expense

2.96%Q2 ’243.11%Q2 ’253.06%Q2 ’26+5%-3%

Market Position · Milwaukee-Waukesha, WI · 2026 SOD (annual) · 1.6% share · #12 of 43 inst. · $1.3B of $79.9B

Executive Summary

  • Earnings: ROA of 1.87%, up 22 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.25% of loans (-14 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.51%, down 35 bps from a year ago.
  • Funding: loans stand at 94.04% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.87%+22 bps YoY

Net Interest Margin (YTD, annualized)

4.11%+32 bps YoY

Efficiency Ratio (YTD, annualized)

55.57%-436 bps YoY

Tier 1 Leverage Ratio

11.51%-35 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.65%1.56%1.36%1.59%1.87%+22 bps
Return on Equity15.14%14.16%12.19%14.67%17.15%+201 bps
Net Interest Margin3.79%3.78%3.81%3.85%4.11%+32 bps
Efficiency Ratio59.94%61.33%65.15%60.09%55.57%-436 bps
Non-Interest Burden1.71%1.80%2.02%1.82%1.66%-5 bps
Growth
Asset Growth (YoY)5.64%4.68%6.40%6.52%5.45%-19 bps
Loan Growth (YoY)6.38%6.44%7.34%8.44%7.43%+105 bps
Deposit Growth (YoY)6.92%4.06%5.21%2.02%1.89%-503 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.36%0.51%0.58%0.25%-14 bps
Net Charge-Offs / Loans0.00%0.01%0.03%0.01%0.01%+1 bps
Allowance / Loans0.86%0.88%0.92%0.90%0.94%+8 bps
Allowance Coverage of NPLs2.3x2.4x1.8x1.5x3.8x+1.6x
Capital
Tier 1 Leverage Ratio11.87%11.91%11.92%10.69%11.51%-35 bps
Total Risk-Based Capital11.87%11.91%11.92%10.69%11.51%-35 bps
Equity / Assets11.14%11.55%11.38%10.35%10.94%-21 bps
Liquidity & Funding
Loans / Deposits89.19%90.78%94.20%96.44%94.04%+485 bps
Liquid Assets / Assets0.99%0.40%2.05%2.05%1.28%+29 bps
CRE / Total Capitaln/a309%317%347%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 2026-10-10

Waukesha State Bank

Waukesha, WI · Cert 16160 · Peer group: banks $1B-$10B in assets operating in a single state (n=266-267) · Bank Street Capital Corp.

State charter, non-member · FDIC · 15 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.3BDeposits
$177.7MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 90% of banks $1B-$10B in assets operating in a single state (rank 26 of 267).
  • Widest gap: total risk-based capital ratio trails 79% of banks $1B-$10B in assets operating in a single state (rank 211 of 267).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.86%

Rank 26 of 267

Net Interest Margin

4.11%

Rank 36 of 267

Efficiency Ratio

55.57%

Rank 103 of 266

Equity / Assets

10.94%

Rank 103 of 267

Non-interest income vs. expense

$22.7M$49.7MINCOMEEXPENSE
Unfavorable gap of $27.0M · efficiency ratio beats 62% of banks $1B-$10B in assets operating in a single state
Bank 55.57%Peer median 60.2%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.86%0.93%1.23%1.55%Beats 90%26 / 267
Return on Equity17.02%9.16%11.84%14.56%Beats 88%32 / 267
Net Interest Margin4.11%3.12%3.50%3.88%Beats 87%36 / 267
Efficiency Ratio55.57%51.36%60.21%69.66%Beats 62%103 / 266
Asset Quality
Nonperforming Loans / Loans0.25%0.19%0.46%0.89%Beats 69%84 / 267
Net Charge-Offs / Loans0.01%0.01%0.02%0.06%Beats 72%78 / 267
Capital
Tier 1 Capital Ratio11.51%11.29%13.05%15.13%Beats 28%193 / 267
Total Risk-Based Capital Ratio11.51%11.95%13.87%16.27%Beats 21%211 / 267
Equity / Assets10.94%9.18%10.29%11.76%Beats 61%103 / 267
Liquidity & Funding
Loans / Deposits94.04%72.68%86.16%95.22%72nd pctl76 / 267
Loans / Assets74.59%62.46%71.96%78.38%58th pctl112 / 267
Brokered Deposits / Depositsn/aNot reported for this institution