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Foundation One Bank

Waterloo, NE · Cert 18761 · Foundation First Corp.

State charter, non-member · FDIC · 3 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 the Omaha, NE-IA area3

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 the Omaha, NE-IA area (n=24). 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

27

Q2 2024Q2 2026peer median (50)

Asset Quality

73

Q2 2024Q2 2026peer median (50)

Profitability

10

Q2 2024Q2 2026peer median (50)

Liquidity

87

Q2 2024Q2 2026peer median

Efficiency

25

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

Foundation One Bank

Waterloo, NE · Cert 18761 · Foundation First Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$182.2MAssets
$131.7MLoans
$155.5MDeposits
$19.6MEquity
Loan mix
84%RE $117.2M15%C&I $21.6M1%Consumer $1.4MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $132.5M15%Noninterest $23.0MQ2 2025Q2 2026

NIM

5.21%Q2 ’245.52%Q2 ’255.24%Q2 ’26+23%-1%

Non-interest income vs. expense

2.25%Q2 ’242.24%Q2 ’251.91%Q2 ’26+3%-14%

Market Position · Omaha, NE-IA · 2026 SOD (annual) · 0.4% share · #34 of 77 inst. · $0.2B of $42.7B

Executive Summary

  • Earnings: ROA of 0.78%, up 40 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.41% of loans (+18 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.83%, down 29 bps from a year ago.
  • Funding: loans stand at 84.69% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.78%+40 bps YoY

Net Interest Margin (YTD, annualized)

2.78%-2 bps YoY

Efficiency Ratio (YTD, annualized)

66.55%-1,008 bps YoY

Tier 1 Leverage Ratio

9.83%-29 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.38%0.47%0.44%0.75%0.78%+40 bps
Return on Equity3.61%4.46%4.20%7.38%7.49%+387 bps
Net Interest Margin2.80%2.84%2.92%2.95%2.78%-2 bps
Efficiency Ratio76.62%74.99%74.41%66.86%66.55%-1,008 bps
Non-Interest Burden2.10%2.09%2.13%1.93%1.81%-29 bps
Growth
Asset Growth (YoY)0.03%0.87%0.86%11.79%0.87%+84 bps
Loan Growth (YoY)4.82%5.19%0.81%-5.58%-11.88%-1,671 bps
Deposit Growth (YoY)3.46%3.34%2.93%17.26%0.73%-273 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.24%0.00%0.00%0.41%+18 bps
Net Charge-Offs / Loans0.25%0.17%0.30%0.00%0.00%-25 bps
Allowance / Loans1.19%1.22%1.20%1.23%1.31%+12 bps
Allowance Coverage of NPLs5.0x5.0xn/an/a3.2x-1.8x
Capital
Tier 1 Leverage Ratio10.12%10.23%10.30%10.39%9.83%-29 bps
Total Risk-Based Capital10.12%10.23%10.30%10.39%9.83%-29 bps
Equity / Assets10.42%10.55%10.73%9.65%10.78%+36 bps
Liquidity & Funding
Loans / Deposits96.82%94.95%95.79%80.34%84.69%-1,212 bps
Liquid Assets / Assets0.80%1.67%1.10%13.88%6.17%+537 bps
CRE / Total Capitaln/a379%358%343%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

Foundation One Bank

Waterloo, NE · Cert 18761 · Peer group: banks under $1B in assets in the Omaha, NE-IA area (n=24) · Foundation First Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$182.2MAssets
$131.7MLoans
$155.5MDeposits
$19.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Omaha, NE-IA area (rank 12 of 24).
  • Widest gap: net interest margin trails 92% of banks under $1B in assets in the Omaha, NE-IA area (rank 22 of 24).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.80%

Rank 21 of 24

Net Interest Margin

2.78%

Rank 22 of 24

Efficiency Ratio

66.55%

Rank 19 of 24

Equity / Assets

10.78%

Rank 11 of 24

Non-interest income vs. expense

$0.2M$3.7MINCOMEEXPENSE
Unfavorable gap of $3.5M · efficiency ratio beats 25% of banks under $1B in assets in the Omaha, NE-IA area
Bank 66.55%Peer median 59.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.80%0.92%1.29%1.77%Beats 13%21 / 24
Return on Equity7.38%9.64%12.01%15.30%Beats 8%22 / 24
Net Interest Margin2.78%3.02%3.76%3.98%Beats 8%22 / 24
Efficiency Ratio66.55%49.60%59.31%66.55%Beats 25%19 / 24
Asset Quality
Nonperforming Loans / Loans0.41%0.10%0.37%1.03%Beats 46%14 / 24
Net Charge-Offs / Loans0.00%n/a0.00%0.03%Beats 100%12 / 24
Capital
Tier 1 Capital Ratio9.83%10.53%11.57%13.63%Beats 13%21 / 24
Total Risk-Based Capital Ratio9.83%11.15%12.06%13.90%Beats 13%21 / 24
Equity / Assets10.78%8.87%10.14%12.27%Beats 54%11 / 24
Liquidity & Funding
Loans / Deposits84.69%75.32%83.30%93.06%54th pctl11 / 24
Loans / Assets72.28%65.68%71.67%75.94%54th pctl11 / 24
Brokered Deposits / Depositsn/aNot reported for this institution