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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