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Farmers State Bank

Wathena, KS · Cert 16941 · Wathena Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets operating in a single state (n=743 to 746). 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

30

Q2 2024Q2 2026peer median (50)

Profitability

55

Q2 2024Q2 2026peer median (50)

Liquidity

48

Q2 2024Q2 2026peer median

Efficiency

40

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

Farmers State Bank

Wathena, KS · Cert 16941 · Wathena Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$84.7MAssets
$47.4MLoans
$77.0MDeposits
$7.3MEquity
Loan mix
70%RE $27.7M20%C&I $8.0M10%Consumer $3.8MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $56.2M27%Noninterest $20.8MQ2 2025Q2 2026

NIM

4.64%Q2 ’244.59%Q2 ’254.61%Q2 ’26-4%+2%

Non-interest income vs. expense

3.19%Q2 ’242.92%Q2 ’252.80%Q2 ’26-10%-2%

Market Position · St. Joseph, MO-KS · 2026 SOD (annual) · 2.4% share · #12 of 21 inst. · $0.1B of $3.2B

Executive Summary

  • Earnings: ROA of 1.07%, up 11 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 1.74% of loans (+172 bps YoY), with net recoveries of 0.08%.
  • Capital: tier 1 leverage ratio of 13.64%, down 45 bps from a year ago.
  • Funding: loans stand at 61.57% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.07%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+8 bps YoY

Efficiency Ratio (YTD, annualized)

68.79%-293 bps YoY

Tier 1 Leverage Ratio

13.64%-45 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.96%0.95%0.78%1.00%1.07%+11 bps
Return on Equity14.17%13.19%10.37%12.04%12.71%-147 bps
Net Interest Margin3.57%3.55%3.52%3.54%3.65%+8 bps
Efficiency Ratio71.73%72.25%77.35%70.23%68.79%-293 bps
Non-Interest Burden2.41%2.43%2.62%2.36%2.37%-4 bps
Growth
Asset Growth (YoY)1.86%0.92%2.00%9.32%7.31%+546 bps
Loan Growth (YoY)8.24%3.97%7.45%7.20%7.77%-47 bps
Deposit Growth (YoY)0.48%1.80%-0.76%8.13%5.80%+533 bps
Asset Quality
Nonperforming Loans / Loans0.01%1.16%1.42%1.24%1.74%+172 bps
Net Charge-Offs / Loans-0.16%-0.13%-0.12%-0.10%-0.08%+9 bps
Allowance / Loans3.30%3.35%3.29%3.25%3.14%-16 bps
Allowance Coverage of NPLs290.6x2.9x2.3x2.6x1.8x-288.8x
Capital
Tier 1 Leverage Ratio14.09%14.11%13.90%13.42%13.64%-45 bps
Total Risk-Based Capital14.09%14.11%13.90%13.42%13.64%-45 bps
Equity / Assets7.29%8.58%8.74%7.89%8.58%+129 bps
Liquidity & Funding
Loans / Deposits60.44%62.16%60.72%57.23%61.57%+112 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/a43.54%48.65%48.29%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

Farmers State Bank

Wathena, KS · Cert 16941 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Wathena Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$84.7MAssets
$47.4MLoans
$77.0MDeposits
$7.3MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 66% of banks under $1B in assets operating in a single state (rank 251 of 746).
  • Widest gap: nonperforming loans / loans trails 86% of banks under $1B in assets operating in a single state (rank 637 of 743).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

1.06%

Rank 375 of 746

Net Interest Margin

3.65%

Rank 383 of 746

Efficiency Ratio

68.79%

Rank 445 of 746

Equity / Assets

8.58%

Rank 595 of 746

Non-interest income vs. expense

$0.4M$2.5MINCOMEEXPENSE
Unfavorable gap of $2.1M · efficiency ratio beats 40% of banks under $1B in assets operating in a single state
Bank 68.79%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.06%0.72%1.06%1.45%Beats 50%375 / 746
Return on Equity12.36%6.74%10.51%13.63%Beats 66%251 / 746
Net Interest Margin3.65%3.17%3.68%4.16%Beats 49%383 / 746
Efficiency Ratio68.79%55.74%64.58%75.47%Beats 40%445 / 746
Asset Quality
Nonperforming Loans / Loans1.74%0.09%0.42%1.07%Beats 14%637 / 743
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 46%401 / 743
Capital
Tier 1 Capital Ratio13.64%11.55%13.75%17.60%Beats 49%382 / 746
Total Risk-Based Capital Ratio13.64%11.71%14.33%18.43%Beats 43%422 / 746
Equity / Assets8.58%8.90%10.51%13.06%Beats 20%595 / 746
Liquidity & Funding
Loans / Deposits61.57%61.31%78.27%90.78%25th pctl558 / 746
Loans / Assets55.97%53.60%66.97%76.08%29th pctl530 / 746
Brokered Deposits / Depositsn/aNot reported for this institution