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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

6.53%Q2 ’246.27%Q2 ’256.04%Q2 ’26-8%0%

Non-interest income vs. expense

1.93%Q2 ’241.99%Q2 ’252.07%Q2 ’26+4%+5%

Executive Summary

  • Earnings: ROA of 0.38%, down 162 bps year over year; NIM at 4.40%.
  • Asset quality: problem loans at 3.04% of loans (+238 bps YoY), with net charge-offs at 2.55%.
  • 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 (quarter, annualized)

0.38%-162 bps YoY

Net Interest Margin (quarter, annualized)

4.40%-2 bps YoY

Efficiency Ratio (quarter, annualized)

43.76%+187 bps YoY

Tier 1 Leverage Ratio

10.69%+16 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.99%2.02%1.92%1.93%0.38%-162 bps
Return on Equity21.36%20.98%19.33%19.52%3.76%-1,760 bps
Net Interest Margin4.41%4.54%4.42%4.30%4.40%-2 bps
Efficiency Ratio41.89%41.77%43.62%42.71%43.76%+187 bps
Non-Interest Burden1.66%1.71%1.72%1.66%1.74%+8 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 / Loans0.00%0.01%-0.04%0.13%2.55%+255 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