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West Alabama Bank & Trust

Reform, AL · Cert 16175 · West Alabama Capital Corp.

State charter, non-member · FDIC · 16 branches

Q2 2026

$929.0MAssets
$603.9MLoans
$806.4MDeposits
$97.6MEquity
Loan mix
87%RE $497.7M11%C&I $62.9M2%Consumer $12.0MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $599.8M26%Noninterest $206.6MQ2 2025Q2 2026

NIM

4.73%Q2 ’245.02%Q2 ’254.97%Q2 ’26+14%+9%

Non-interest income vs. expense

2.04%Q2 ’242.12%Q2 ’252.19%Q2 ’26+7%-2%

Market Position · Tuscaloosa, AL · 2026 SOD (annual) · 8.6% share · #5 of 30 inst. · $0.5B of $5.5B

77.1% Pickens
2.8% Tuscaloosa
29.3% Choctaw
32.0% Sumter

Executive Summary

  • Earnings: ROA of 1.28%, up 14 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.44% of loans (-45 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 12.22%, up 109 bps from a year ago.
  • Funding: loans stand at 74.88% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.28%+14 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+27 bps YoY

Efficiency Ratio (YTD, annualized)

54.87%-349 bps YoY

Tier 1 Leverage Ratio

12.22%+109 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.14%1.13%1.11%1.28%1.28%+14 bps
Return on Equity13.35%12.78%12.40%12.98%12.73%-62 bps
Net Interest Margin3.05%3.05%3.08%3.27%3.31%+27 bps
Efficiency Ratio58.36%57.80%58.34%55.72%54.87%-349 bps
Non-Interest Burden1.51%1.50%1.49%1.51%1.49%-2 bps
Growth
Asset Growth (YoY)3.86%2.28%3.02%-0.70%-1.86%-572 bps
Loan Growth (YoY)10.20%5.04%-2.33%0.11%1.44%-876 bps
Deposit Growth (YoY)6.13%4.59%3.68%-0.54%-1.90%-803 bps
Asset Quality
Nonperforming Loans / Loans0.89%1.00%0.45%0.40%0.44%-45 bps
Net Charge-Offs / Loans0.06%0.05%0.14%0.20%0.15%+9 bps
Allowance / Loans1.16%1.21%1.23%1.20%1.18%+3 bps
Allowance Coverage of NPLs1.3x1.2x2.7x3.0x2.7x+1.4x
Capital
Tier 1 Leverage Ratio11.13%11.32%11.44%12.03%12.22%+109 bps
Total Risk-Based Capital11.13%11.32%11.44%12.03%12.22%+109 bps
Equity / Assets8.87%9.62%9.35%10.35%10.51%+163 bps
Liquidity & Funding
Loans / Deposits72.41%71.27%65.37%72.60%74.88%+247 bps
Liquid Assets / Assets2.67%1.36%5.00%1.97%1.96%-71 bps
CRE / Total Capitaln/a264%247%240%n/an/a