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Wanda State Bank, The

Wanda, MN · Cert 1908

State charter, non-member · FDIC · 2 branches

Q2 2026

$229.8MAssets
$138.7MLoans
$201.3MDeposits
$27.2MEquity
Loan mix
87%RE $76.3M9%C&I $7.7M4%Consumer $3.6MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $149.3M26%Noninterest $51.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.88%, up 25 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 1.12% of loans (+103 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.12%, down 32 bps from a year ago.
  • Funding: loans stand at 68.92% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.88%+25 bps YoY

Net Interest Margin (quarter, annualized)

3.04%-12 bps YoY

Efficiency Ratio (quarter, annualized)

53.88%-546 bps YoY

Tier 1 Leverage Ratio

12.12%-32 bps YoY

NIM

4.18%Q2 ’244.72%Q2 ’254.59%Q2 ’26+37%-4%

Non-interest income vs. expense

1.59%Q2 ’242.17%Q2 ’252.00%Q2 ’26+37%-10%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.32%1.13%0.47%0.63%0.96%0.39%0.81%0.88%+25 bps
Return on Equity2.43%8.52%3.59%5.16%8.44%3.40%7.15%7.62%+246 bps
Net Interest Margin2.26%2.43%2.57%3.15%3.22%3.00%2.96%3.04%-12 bps
Efficiency Ratio70.83%69.04%69.62%59.34%53.31%53.92%56.46%53.88%-546 bps
Non-Interest Burden1.55%1.57%1.74%2.02%1.94%1.73%1.84%1.82%-20 bps
Growth
Asset Growth (YoY)0.29%-1.24%1.06%23.78%26.24%27.89%26.10%4.02%-1,975 bps
Loan Growth (YoY)6.45%-3.69%2.28%28.01%26.17%31.19%27.50%3.75%-2,425 bps
Deposit Growth (YoY)-2.05%-1.65%0.66%26.54%29.70%30.19%28.73%3.60%-2,294 bps
Asset Quality
Nonperforming Loans / Loans1.26%0.86%0.25%0.09%0.77%0.44%0.58%1.12%+103 bps
Net Charge-Offs / Loans1.03%-0.07%0.00%0.00%0.00%0.04%0.00%0.00%0 bps
Allowance / Loans1.77%1.78%1.82%1.61%1.62%1.71%1.75%1.74%+13 bps
Allowance Coverage of NPLs1.4x2.1x7.2x18.2x2.1x3.9x3.0x1.6x-16.7x
Capital
Tier 1 Leverage Ratio15.52%15.41%15.13%12.44%11.90%11.70%11.65%12.12%-32 bps
Total Risk-Based Capital15.52%15.41%15.13%12.44%11.90%11.70%11.65%12.12%-32 bps
Equity / Assets13.47%12.98%12.99%11.43%11.43%11.44%11.26%11.86%+43 bps
Liquidity & Funding
Loans / Deposits67.78%68.19%66.98%68.82%65.94%68.71%66.34%68.92%+10 bps
Liquid Assets / Assets1.23%1.22%1.06%1.44%2.25%4.97%5.13%6.80%+536 bps
CRE / Total Capitaln/an/an/an/a14.88%15.72%15.22%n/an/a