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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 $5.7MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $300.4M18%Noninterest $66.1MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.32%1.42%1.45%1.59%1.58%+26 bps
Return on Equity13.38%14.16%14.51%16.14%15.70%+232 bps
Net Interest Margin3.29%3.35%3.40%3.46%3.54%+25 bps
Efficiency Ratio51.60%49.47%49.41%45.18%45.83%-577 bps
Non-Interest Burden1.59%1.54%1.56%1.44%1.51%-8 bps
Growth
Asset Growth (YoY)4.72%3.66%4.87%6.08%3.46%-125 bps
Loan Growth (YoY)4.26%5.01%5.81%2.47%1.70%-256 bps
Deposit Growth (YoY)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 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.00%0.00%-1 bps
Allowance / Loans1.43%1.40%1.38%1.42%1.41%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.51%10.76%10.14%10.14%10.44%-7 bps
Total Risk-Based Capital10.51%10.76%10.14%10.14%10.44%-7 bps
Equity / Assets10.30%10.39%9.84%9.88%10.54%+23 bps
Liquidity & Funding
Loans / Deposits100.18%97.76%97.02%90.71%96.47%-371 bps
Liquid Assets / Assets3.74%5.73%5.17%9.39%2.05%-169 bps
CRE / Total Capitaln/a165.03%170.41%156.37%n/an/a