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Western State Bank

Garden City, KS · Cert 21121 · Whitcorp Financial Co.

State charter, non-member · FDIC · 9 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 KS3

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 KS (n=98). 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

51

Q2 2024Q2 2026peer median (50)

Asset Quality

6

Q2 2024Q2 2026peer median (50)

Profitability

62

Q2 2024Q2 2026peer median (50)

Liquidity

79

Q2 2024Q2 2026peer median

Efficiency

98

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

Western State Bank

Garden City, KS · Cert 21121 · Whitcorp Financial Co.

State charter, non-member · FDIC · 1 affiliate bank · 9 branches (17 in holding)

Q2 2026

$802.1MAssets
$532.4MLoans
$717.2MDeposits
$82.2MEquity
Loan mix
65%RE $267.2M33%C&I $133.6M2%Consumer $8.5MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $554.0M23%Noninterest $163.2MQ2 2025Q2 2026

NIM

6.21%Q2 ’246.15%Q2 ’256.04%Q2 ’26-5%+2%

Non-interest income vs. expense

1.88%Q2 ’241.92%Q2 ’252.03%Q2 ’26+3%+6%

Executive Summary

  • Earnings: ROA of 1.16%, down 81 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 3.04% of loans (+238 bps YoY), with net charge-offs at 1.34%.
  • Capital: tier 1 leverage ratio of 10.69%, up 16 bps from a year ago.
  • Funding: loans stand at 74.23% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.16%-81 bps YoY

Net Interest Margin (YTD, annualized)

4.37%+7 bps YoY

Efficiency Ratio (YTD, annualized)

43.24%+164 bps YoY

Tier 1 Leverage Ratio

10.69%+16 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.97%1.99%1.97%1.93%1.16%-81 bps
Return on Equity21.29%21.09%20.69%19.52%11.60%-969 bps
Net Interest Margin4.29%4.37%4.32%4.30%4.37%+7 bps
Efficiency Ratio41.60%41.66%42.16%42.71%43.24%+164 bps
Non-Interest Burden1.60%1.63%1.63%1.66%1.71%+10 bps
Growth
Asset Growth (YoY)9.14%5.18%7.63%5.51%1.32%-782 bps
Loan Growth (YoY)7.43%4.07%0.91%0.67%-2.17%-960 bps
Deposit Growth (YoY)13.76%4.88%7.71%5.22%0.46%-1,331 bps
Asset Quality
Nonperforming Loans / Loans0.66%0.61%0.76%1.27%3.04%+238 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.13%1.34%+133 bps
Allowance / Loans2.13%2.22%2.25%2.28%2.51%+38 bps
Allowance Coverage of NPLs3.2x3.6x2.9x1.8x0.8x-2.4x
Capital
Tier 1 Leverage Ratio10.53%10.65%10.59%10.63%10.69%+16 bps
Total Risk-Based Capital14.60%14.97%14.86%14.94%15.04%+44 bps
Equity / Assets9.31%9.94%9.93%9.81%10.25%+94 bps
Liquidity & Funding
Loans / Deposits76.22%75.42%73.38%73.37%74.23%-199 bps
Liquid Assets / Assets0.98%0.89%3.35%3.13%0.51%-47 bps
CRE / Total Capitaln/a102.32%96.97%99.83%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

Western State Bank

Garden City, KS · Cert 21121 · Peer group: banks under $1B in assets in KS (n=98) · Whitcorp Financial Co.

State charter, non-member · FDIC · 1 affiliate bank · 9 branches (17 in holding)

Q2 2026

$802.1MAssets
$532.4MLoans
$717.2MDeposits
$82.2MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 98% of banks under $1B in assets in KS (rank 3 of 98).
  • Widest gap: net charge-offs / loans trails 98% of banks under $1B in assets in KS (rank 97 of 98).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.18%

Rank 53 of 98

Net Interest Margin

4.37%

Rank 10 of 98

Efficiency Ratio

43.26%

Rank 3 of 98

Equity / Assets

10.25%

Rank 57 of 98

Non-interest income vs. expense

$2.6M$16.4MINCOMEEXPENSE
Unfavorable gap of $13.8M · efficiency ratio beats 98% of banks under $1B in assets in KS
Bank 43.26%Peer median 58.9%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.18%1.03%1.24%1.54%Beats 46%53 / 98
Return on Equity11.53%8.85%11.58%14.73%Beats 49%50 / 98
Net Interest Margin4.37%3.24%3.62%3.91%Beats 90%10 / 98
Efficiency Ratio43.26%51.87%58.88%64.74%Beats 98%3 / 98
Asset Quality
Nonperforming Loans / Loans3.04%0.01%0.33%1.05%Beats 9%90 / 98
Net Charge-Offs / Loans0.69%n/a0.00%0.03%Beats 2%97 / 98
Capital
Tier 1 Capital Ratio13.78%11.81%13.71%17.33%Beats 52%47 / 98
Total Risk-Based Capital Ratio15.04%11.81%14.13%17.45%Beats 58%41 / 98
Equity / Assets10.25%8.60%11.34%13.10%Beats 42%57 / 98
Liquidity & Funding
Loans / Deposits74.23%57.09%69.84%82.47%57th pctl42 / 98
Loans / Assets66.37%49.34%58.31%68.94%65th pctl34 / 98
Brokered Deposits / Depositsn/aNot reported for this institution