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Geo. D. Warthen Bank, The

Sandersville, GA · Cert 2154 · GDW Bankshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$190.3MAssets
$107.2MLoans
$162.9MDeposits
$24.6MEquity
Loan mix
72%RE $74.4M15%C&I $15.2M14%Consumer $14.4MQ2 2025Q2 2026
Deposit mix
54%Interest-bearing $87.3M46%Noninterest $75.6MQ2 2025Q2 2026

NIM

5.11%Q2 ’245.30%Q2 ’255.41%Q2 ’26+4%+1%

Non-interest income vs. expense

3.92%Q2 ’244.26%Q2 ’254.47%Q2 ’26+6%+6%

Executive Summary

  • Earnings: ROA of 1.10%, down 8 bps year over year; NIM at 5.28%.
  • Asset quality: problem loans at 1.27% of loans (-2 bps YoY), with net charge-offs at 0.23%.
  • Capital: tier 1 leverage ratio of 13.01%, up 106 bps from a year ago.
  • Funding: loans stand at 65.79% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.10%-8 bps YoY

Net Interest Margin (YTD, annualized)

5.28%+7 bps YoY

Efficiency Ratio (YTD, annualized)

75.61%+273 bps YoY

Tier 1 Leverage Ratio

13.01%+106 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.18%1.17%1.24%1.21%1.10%-8 bps
Return on Equity10.66%10.34%10.69%9.88%8.87%-180 bps
Net Interest Margin5.21%5.28%5.39%5.22%5.28%+7 bps
Efficiency Ratio72.88%73.10%72.70%73.43%75.61%+273 bps
Non-Interest Burden3.62%3.69%3.74%3.66%3.83%+21 bps
Growth
Asset Growth (YoY)-4.58%-6.10%-3.36%1.67%-5.39%-81 bps
Loan Growth (YoY)-1.38%0.41%2.30%-4.08%-5.15%-376 bps
Deposit Growth (YoY)-6.69%-7.96%-5.32%1.07%-6.70%-1 bps
Asset Quality
Nonperforming Loans / Loans1.29%1.40%1.16%1.38%1.27%-2 bps
Net Charge-Offs / Loans0.04%0.08%0.10%0.07%0.23%+19 bps
Allowance / Loans1.43%1.46%1.40%1.50%1.42%-1 bps
Allowance Coverage of NPLs1.1x1.0x1.2x1.1x1.1x0.0x
Capital
Tier 1 Leverage Ratio11.95%12.41%12.67%12.34%13.01%+106 bps
Total Risk-Based Capital21.51%22.63%22.54%23.27%23.99%+248 bps
Equity / Assets11.39%12.07%12.64%11.81%12.92%+153 bps
Liquidity & Funding
Loans / Deposits64.71%64.30%66.72%59.21%65.79%+108 bps
Liquid Assets / Assets10.65%9.04%7.06%13.55%8.42%-223 bps
CRE / Total Capitaln/a77.20%78.84%71.82%n/an/a