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First Whitney Bank and Trust

Atlantic, IA · Cert 254 · Whitney Corp. of Iowa

State charter, non-member · FDIC · 2 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 IA3

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 IA (n=134 to 135). 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

54

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

50

Q2 2024Q2 2026peer median (50)

Liquidity

32

Q2 2024Q2 2026peer median

Efficiency

92

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

First Whitney Bank and Trust

Atlantic, IA · Cert 254 · Whitney Corp. of Iowa

State charter, non-member · FDIC · 2 branches

Q2 2026

$287.5MAssets
$159.7MLoans
$254.8MDeposits
$30.9MEquity
Loan mix
65%RE $82.3M32%C&I $40.8M3%Consumer $3.4MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $203.1M20%Noninterest $51.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.32%, up 23 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.53%, up 11 bps from a year ago.
  • Funding: loans stand at 62.68% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.32%+23 bps YoY

Net Interest Margin (YTD, annualized)

2.78%+41 bps YoY

Efficiency Ratio (YTD, annualized)

42.59%-333 bps YoY

Tier 1 Leverage Ratio

11.53%+11 bps YoY

NIM

4.22%Q2 ’244.25%Q2 ’254.46%Q2 ’26+13%+17%

Non-interest income vs. expense

1.16%Q2 ’241.16%Q2 ’251.26%Q2 ’26+4%+8%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%0.86%1.03%1.09%1.13%1.12%1.20%1.32%+23 bps
Return on Equity10.79%10.43%12.11%12.27%12.17%11.69%11.91%12.77%+50 bps
Net Interest Margin2.13%2.11%2.29%2.38%2.42%2.51%2.67%2.78%+41 bps
Efficiency Ratio50.81%53.41%46.66%45.93%44.69%46.81%45.68%42.59%-333 bps
Non-Interest Burden1.00%1.05%0.98%1.01%1.00%1.09%1.13%1.09%+8 bps
Growth
Asset Growth (YoY)6.99%0.43%2.24%8.72%2.74%5.65%2.63%-0.95%-968 bps
Loan Growth (YoY)3.43%-3.23%-3.41%-0.75%-1.26%8.34%11.21%5.17%+592 bps
Deposit Growth (YoY)2.36%4.07%4.48%5.92%3.30%-3.29%0.49%0.48%-544 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.01%0.07%0.01%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.29%0.28%0.30%0.30%0.30%0.26%0.27%0.28%-1 bps
Allowance Coverage of NPLsn/an/an/an/a56.6x3.7x34.8xn/an/a
Capital
Tier 1 Leverage Ratio11.15%10.85%11.13%11.42%11.72%12.13%10.92%11.53%+11 bps
Total Risk-Based Capital12.99%13.29%14.15%14.47%14.59%13.89%13.45%14.60%+13 bps
Equity / Assets8.90%8.42%8.61%9.55%10.52%10.66%9.56%10.76%+120 bps
Liquidity & Funding
Loans / Deposits62.45%62.33%56.91%59.89%59.69%69.82%62.98%62.68%+279 bps
Liquid Assets / Assets4.62%5.46%9.80%6.33%4.18%0.22%2.62%1.96%-437 bps
CRE / Total Capitaln/an/an/an/a59.48%65.09%67.26%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

First Whitney Bank and Trust

Atlantic, IA · Cert 254 · Peer group: banks under $1B in assets in IA (n=134-135) · Whitney Corp. of Iowa

State charter, non-member · FDIC · 2 branches

Q2 2026

$287.5MAssets
$159.7MLoans
$254.8MDeposits
$30.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: net interest margin trails 83% of banks under $1B in assets in IA (rank 112 of 135).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.36%

Rank 50 of 135

Net Interest Margin

2.78%

Rank 112 of 135

Efficiency Ratio

42.59%

Rank 12 of 135

Equity / Assets

10.76%

Rank 75 of 135

Non-interest income vs. expense

$0.5M$3.7MINCOMEEXPENSE
Unfavorable gap of $3.2M · efficiency ratio beats 92% of banks under $1B in assets in IA
Bank 42.59%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.36%0.92%1.19%1.47%Beats 63%50 / 135
Return on Equity12.65%7.99%10.26%13.14%Beats 70%41 / 135
Net Interest Margin2.78%2.95%3.41%3.73%Beats 17%112 / 135
Efficiency Ratio42.59%50.61%57.35%63.29%Beats 92%12 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio14.41%11.23%13.31%15.45%Beats 61%52 / 135
Total Risk-Based Capital Ratio14.60%11.61%14.06%16.47%Beats 58%57 / 135
Equity / Assets10.76%9.87%11.05%13.07%Beats 44%75 / 135
Liquidity & Funding
Loans / Deposits62.68%68.54%81.55%91.24%17th pctl111 / 134
Loans / Assets55.56%57.61%68.06%76.23%21st pctl107 / 135
Brokered Deposits / Depositsn/aNot reported for this institution