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Dairy State Bank

Rice Lake, WI · Cert 17162 · Dairy State Bcorp Inc.

State charter, non-member · FDIC · 12 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

40

Q2 2024Q2 2026peer median (50)

Asset Quality

64

Q2 2024Q2 2026peer median (50)

Profitability

26

Q2 2024Q2 2026peer median (50)

Liquidity

10

Q2 2024Q2 2026peer median

Efficiency

53

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

Dairy State Bank

Rice Lake, WI · Cert 17162 · Dairy State Bcorp Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$730.3MAssets
$401.2MLoans
$630.4MDeposits
$82.2MEquity
Loan mix
80%RE $301.8M20%C&I $74.9M1%Consumer $2.2MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $533.2M15%Noninterest $97.2MQ3 2024Q2 2026

Market Position · Eau Claire, WI · 2026 SOD (annual) · 1.1% share · #17 of 22 inst. · $0.0B of $3.7B

25.5% Barron
25.7% Dunn
6.5% Polk
9.8% Washburn

Executive Summary

  • Earnings: ROA of 1.04%, up 17 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.06% of loans (+2 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.96%, up 84 bps from a year ago.
  • Funding: loans stand at 63.64% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.04%+17 bps YoY

Net Interest Margin (YTD, annualized)

2.81%+38 bps YoY

Efficiency Ratio (YTD, annualized)

61.60%-329 bps YoY

Tier 1 Leverage Ratio

11.96%+84 bps YoY

NIM

4.22%Q2 ’244.38%Q2 ’254.59%Q2 ’26+14%+15%

Non-interest income vs. expense

1.66%Q2 ’241.87%Q2 ’251.93%Q2 ’26-2%+13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.50%0.54%0.96%0.87%0.87%0.83%0.87%1.04%+17 bps
Return on Equity5.94%6.34%10.42%9.14%8.93%8.38%8.22%9.61%+47 bps
Net Interest Margin2.13%2.14%2.36%2.44%2.55%2.58%2.72%2.81%+38 bps
Efficiency Ratio69.25%67.90%61.89%64.89%64.00%63.81%61.66%61.60%-329 bps
Non-Interest Burden1.41%1.38%1.24%1.42%1.48%1.50%1.56%1.61%+19 bps
Growth
Asset Growth (YoY)5.87%0.41%-0.86%-2.69%-5.19%-1.88%0.77%1.34%+403 bps
Loan Growth (YoY)11.57%4.93%4.00%2.19%4.51%9.23%14.28%15.72%+1,353 bps
Deposit Growth (YoY)3.21%2.19%1.35%-1.27%-4.17%-1.57%0.66%2.18%+345 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.56%0.56%0.04%0.03%0.03%0.06%0.06%+2 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.05%0.03%0.01%0.00%0.00%-5 bps
Allowance / Loans2.05%2.20%2.23%2.03%2.07%1.93%1.96%2.00%-3 bps
Allowance Coverage of NPLs28.1x4.0x4.0x52.5x60.3x62.4x31.1x32.9x-19.6x
Capital
Tier 1 Leverage Ratio10.37%10.49%10.75%11.11%11.57%11.59%11.42%11.96%+84 bps
Total Risk-Based Capital20.58%21.04%10.75%11.11%11.57%20.65%11.42%11.96%+84 bps
Equity / Assets9.07%8.92%9.48%10.17%10.59%10.61%10.64%11.25%+108 bps
Liquidity & Funding
Loans / Deposits54.37%54.99%53.94%56.19%59.29%61.02%61.24%63.64%+744 bps
Liquid Assets / Assets9.51%8.01%9.18%7.05%8.03%7.69%8.31%6.23%-82 bps
CRE / Total Capitaln/an/an/an/a248%266%259%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

Dairy State Bank

Rice Lake, WI · Cert 17162 · Peer group: banks under $1B in assets in WI (n=110-113) · Dairy State Bcorp Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$730.3MAssets
$401.2MLoans
$630.4MDeposits
$82.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 68% of banks under $1B in assets in WI (rank 36 of 110).
  • Widest gap: net interest margin trails 92% of banks under $1B in assets in WI (rank 104 of 113).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.05%

Rank 73 of 113

Net Interest Margin

2.81%

Rank 104 of 113

Efficiency Ratio

61.60%

Rank 54 of 113

Equity / Assets

11.25%

Rank 46 of 113

Non-interest income vs. expense

$2.4M$14.4MINCOMEEXPENSE
Unfavorable gap of $12.0M · efficiency ratio beats 53% of banks under $1B in assets in WI
Bank 61.60%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.05%0.85%1.17%1.51%Beats 35%73 / 113
Return on Equity9.33%7.70%10.77%13.67%Beats 34%75 / 113
Net Interest Margin2.81%3.19%3.59%3.89%Beats 8%104 / 113
Efficiency Ratio61.60%54.61%62.43%71.88%Beats 53%54 / 113
Asset Quality
Nonperforming Loans / Loans0.06%0.03%0.24%0.91%Beats 68%36 / 110
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 59%47 / 110
Capital
Tier 1 Capital Ratio11.96%11.22%12.95%15.76%Beats 34%75 / 113
Total Risk-Based Capital Ratio11.96%11.57%13.59%16.73%Beats 28%81 / 113
Equity / Assets11.25%9.17%10.74%13.13%Beats 59%46 / 113
Liquidity & Funding
Loans / Deposits63.64%76.54%86.37%98.93%13th pctl97 / 112
Loans / Assets54.93%63.07%71.33%78.84%15th pctl96 / 113
Brokered Deposits / Depositsn/aNot reported for this institution