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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

$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