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Security State Bank of Wanamingo, Incorporated

Wanamingo, MN · Cert 18378 · Wanamingo 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 in MN3

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 MN (n=111 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

35

Q2 2024Q2 2026peer median (50)

Asset Quality

79

Q2 2024Q2 2026peer median (50)

Profitability

78

Q2 2024Q2 2026peer median (50)

Liquidity

10

Q2 2024Q2 2026peer median

Efficiency

95

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

Security State Bank of Wanamingo, Incorporated

Wanamingo, MN · Cert 18378 · Wanamingo Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$112.7MAssets
$95.0MLoans
$96.7MDeposits
$12.8MEquity
Loan mix
86%RE $68.3M12%C&I $9.8M1%Consumer $1.1MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $78.8M19%Noninterest $17.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.74%, up 29 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.00% of loans (-18 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.37%, down 11 bps from a year ago.
  • Funding: loans stand at 98.22% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.74%+29 bps YoY

Net Interest Margin (YTD, annualized)

4.10%+22 bps YoY

Efficiency Ratio (YTD, annualized)

45.51%-509 bps YoY

Tier 1 Leverage Ratio

11.37%-11 bps YoY

NIM

5.54%Q2 ’245.86%Q2 ’256.13%Q2 ’26-2%+6%

Non-interest income vs. expense

2.21%Q2 ’242.08%Q2 ’251.98%Q2 ’26-3%-6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.69%1.64%1.19%1.45%1.63%1.66%1.87%1.74%+29 bps
Return on Equity14.43%14.08%10.52%12.87%14.35%14.71%17.00%15.61%+274 bps
Net Interest Margin3.95%3.76%3.76%3.88%3.91%3.79%4.07%4.10%+22 bps
Efficiency Ratio50.86%51.66%50.91%50.60%47.89%48.08%43.79%45.51%-509 bps
Non-Interest Burden1.87%1.82%1.80%1.85%1.75%1.71%1.65%1.74%-11 bps
Growth
Asset Growth (YoY)9.29%10.66%13.58%12.78%11.77%17.90%12.26%10.46%-232 bps
Loan Growth (YoY)9.38%10.02%10.90%13.87%14.99%15.91%19.33%10.12%-375 bps
Deposit Growth (YoY)10.13%12.23%15.59%13.29%11.18%18.04%11.45%10.24%-305 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%1.32%0.18%0.00%0.10%0.10%0.00%-18 bps
Net Charge-Offs / Loans0.02%0.01%-0.01%0.00%0.00%0.00%0.00%0.00%+1 bps
Allowance / Loans0.99%0.96%1.09%1.04%0.99%0.95%0.92%1.03%0 bps
Allowance Coverage of NPLsn/an/a0.8x5.7xn/a9.5x9.5xn/an/a
Capital
Tier 1 Leverage Ratio12.25%11.92%11.38%11.49%11.76%11.54%11.13%11.37%-11 bps
Total Risk-Based Capital12.25%11.92%11.38%11.49%11.76%11.54%11.13%11.37%-11 bps
Equity / Assets11.83%11.64%10.91%11.27%11.57%11.08%10.92%11.36%+9 bps
Liquidity & Funding
Loans / Deposits97.53%97.37%93.29%98.32%100.87%95.61%99.89%98.22%-11 bps
Liquid Assets / Assets2.20%2.16%2.04%2.28%2.22%2.68%2.68%2.02%-25 bps
CRE / Total Capitaln/an/an/an/a170.55%175.84%195.85%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

Security State Bank of Wanamingo, Incorporated

Wanamingo, MN · Cert 18378 · Peer group: banks under $1B in assets in MN (n=111-113) · Wanamingo Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$112.7MAssets
$95.0MLoans
$96.7MDeposits
$12.8MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 12 of 111).
  • Widest gap: total risk-based capital ratio trails 82% of banks under $1B in assets in MN (rank 93 of 113).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.74%

Rank 14 of 113

Net Interest Margin

4.10%

Rank 40 of 113

Efficiency Ratio

45.51%

Rank 7 of 113

Equity / Assets

11.36%

Rank 40 of 113

Non-interest income vs. expense

$0.3M$2.2MINCOMEEXPENSE
Unfavorable gap of $2.0M · efficiency ratio beats 95% of banks under $1B in assets in MN
Bank 45.51%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.74%0.87%1.20%1.41%Beats 88%14 / 113
Return on Equity15.33%8.92%11.27%13.99%Beats 81%22 / 113
Net Interest Margin4.10%3.42%3.88%4.31%Beats 65%40 / 113
Efficiency Ratio45.51%54.13%61.48%69.86%Beats 95%7 / 113
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.58%1.82%Beats 100%12 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 57%50 / 111
Capital
Tier 1 Capital Ratio11.37%11.53%13.31%18.13%Beats 21%89 / 113
Total Risk-Based Capital Ratio11.37%12.12%14.43%19.39%Beats 18%93 / 113
Equity / Assets11.36%8.52%10.10%11.94%Beats 65%40 / 113
Liquidity & Funding
Loans / Deposits98.22%62.08%77.32%88.06%87th pctl14 / 111
Loans / Assets84.29%55.01%66.35%75.50%90th pctl11 / 113
Brokered Deposits / Depositsn/aNot reported for this institution