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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

$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