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Waukon State Bank

Waukon, IA · Cert 1857 · WFC Inc.

State charter, Fed member · FED · 4 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 IA3

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 IA (n=134 to 135). 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

20

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

78

Q2 2024Q2 2026peer median (50)

Liquidity

26

Q2 2024Q2 2026peer median

Efficiency

86

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

Waukon State Bank

Waukon, IA · Cert 1857 · WFC Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$426.9MAssets
$353.6MLoans
$366.5MDeposits
$45.0MEquity
Loan mix
87%RE $271.2M11%C&I $35.0M2%Consumer $5.7MQ3 2024Q2 2026
Deposit mix
82%Interest-bearing $300.4M18%Noninterest $66.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.58%, up 26 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.44%, down 7 bps from a year ago.
  • Funding: loans stand at 96.47% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.58%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+25 bps YoY

Efficiency Ratio (YTD, annualized)

45.83%-577 bps YoY

Tier 1 Leverage Ratio

10.44%-7 bps YoY

NIM

4.89%Q2 ’245.35%Q2 ’255.46%Q2 ’26+19%+8%

Non-interest income vs. expense

1.83%Q2 ’241.81%Q2 ’251.72%Q2 ’26-1%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%0.78%1.11%1.32%1.42%1.45%1.59%1.58%+26 bps
Return on Equity8.88%7.83%11.50%13.38%14.16%14.51%16.14%15.70%+232 bps
Net Interest Margin2.79%2.80%3.16%3.29%3.35%3.40%3.46%3.54%+25 bps
Efficiency Ratio61.52%65.25%57.20%51.60%49.47%49.41%45.18%45.83%-577 bps
Non-Interest Burden1.65%1.82%1.72%1.59%1.54%1.56%1.44%1.51%-8 bps
Growth
Asset Growth (YoY)0.64%4.39%3.52%4.72%3.66%4.87%6.08%3.46%-125 bps
Loan Growth (YoY)0.68%0.66%3.37%4.26%5.01%5.81%2.47%1.70%-256 bps
Deposit Growth (YoY)1.65%6.58%5.44%4.99%3.41%5.64%6.95%5.61%+62 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%0.05%0.01%0.01%0.00%0.00%0.00%-1 bps
Allowance / Loans1.48%1.47%1.45%1.43%1.40%1.38%1.42%1.41%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.47%9.93%10.26%10.51%10.76%10.14%10.14%10.44%-7 bps
Total Risk-Based Capital10.47%9.93%10.26%10.51%10.76%10.14%10.14%10.44%-7 bps
Equity / Assets10.04%9.67%9.70%10.30%10.39%9.84%9.88%10.54%+23 bps
Liquidity & Funding
Loans / Deposits96.27%96.87%94.67%100.18%97.76%97.02%90.71%96.47%-371 bps
Liquid Assets / Assets6.30%5.82%7.11%3.74%5.73%5.17%9.39%2.05%-169 bps
CRE / Total Capitaln/an/an/an/a165.03%170.41%156.37%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

Waukon State Bank

Waukon, IA · Cert 1857 · Peer group: banks under $1B in assets in IA (n=134-135) · WFC Inc.

State charter, Fed member · FED · 4 branches

Q2 2026

$426.9MAssets
$353.6MLoans
$366.5MDeposits
$45.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: total risk-based capital ratio trails 91% of banks under $1B in assets in IA (rank 123 of 135).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.62%

Rank 21 of 135

Net Interest Margin

3.54%

Rank 51 of 135

Efficiency Ratio

45.83%

Rank 20 of 135

Equity / Assets

10.54%

Rank 80 of 135

Non-interest income vs. expense

$0.9M$7.5MINCOMEEXPENSE
Unfavorable gap of $6.5M · efficiency ratio beats 86% of banks under $1B in assets in IA
Bank 45.83%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.62%0.92%1.19%1.47%Beats 84%21 / 135
Return on Equity15.37%7.99%10.26%13.14%Beats 88%16 / 135
Net Interest Margin3.54%2.95%3.41%3.73%Beats 62%51 / 135
Efficiency Ratio45.83%50.61%57.35%63.29%Beats 86%20 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio10.44%11.23%13.31%15.45%Beats 11%120 / 135
Total Risk-Based Capital Ratio10.44%11.61%14.06%16.47%Beats 9%123 / 135
Equity / Assets10.54%9.87%11.05%13.07%Beats 41%80 / 135
Liquidity & Funding
Loans / Deposits96.47%68.54%81.55%91.24%84th pctl21 / 134
Loans / Assets82.84%57.61%68.06%76.23%91st pctl12 / 135
Brokered Deposits / Depositsn/aNot reported for this institution