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Warsaw Federal Savings and Loan Association

Cincinnati, OH · Cert 28217 · First Mutual Holding Co.

State savings bank · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Cincinnati, OH-KY-IN area3

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 the Cincinnati, OH-KY-IN area (n=15). 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

27

Q2 2024Q2 2026peer median (50)

Profitability

5

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

13

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

Warsaw Federal Savings and Loan Association

Cincinnati, OH · Cert 28217 · First Mutual Holding Co.

State savings bank · OCC · 4 affiliate banks · 1 branch (26 in holding)

Q2 2026

$108.5MAssets
$89.7MLoans
$71.9MDeposits
$11.3MEquity
Loan mix
99%RE $78.0M1%C&I $0.6M0%Consumer $0.0MQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $66.5M8%Noninterest $5.4MQ3 2024Q2 2026

Market Position · Cincinnati, OH-KY-IN · 2026 SOD (annual) · 0.0% share · #39 of 54 inst. · $0.1B of $187.5B

Executive Summary

  • Earnings: ROA of -0.08%, down 6 bps year over year; NIM at 1.85%.
  • Asset quality: problem loans at 1.30% of loans (+87 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.10%, up 252 bps from a year ago.
  • Funding: loans stand at 124.74% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

-0.08%-6 bps YoY

Net Interest Margin (YTD, annualized)

1.85%-15 bps YoY

Efficiency Ratio (YTD, annualized)

100.08%-316 bps YoY

Tier 1 Leverage Ratio

12.10%+252 bps YoY

NIM

4.71%Q2 ’244.75%Q2 ’254.38%Q2 ’26+26%-7%

Non-interest income vs. expense

2.51%Q2 ’242.63%Q2 ’252.36%Q2 ’26+13%-11%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.15%-0.18%0.03%-0.02%0.02%0.11%-0.18%-0.08%-6 bps
Return on Equity-2.65%-2.98%0.37%-0.26%0.19%1.22%-1.58%-0.74%-48 bps
Net Interest Margin1.70%1.82%1.94%2.00%1.96%1.86%1.80%1.85%-15 bps
Efficiency Ratio110.87%113.58%103.72%103.24%101.55%96.29%106.90%100.08%-316 bps
Non-Interest Burden1.96%2.16%2.04%2.08%2.00%1.77%1.95%1.85%-23 bps
Growth
Asset Growth (YoY)10.47%-2.86%-10.16%-10.93%-4.64%6.73%6.54%16.25%+2,718 bps
Loan Growth (YoY)6.15%-3.59%-6.69%0.69%-5.24%-5.71%2.02%15.80%+1,511 bps
Deposit Growth (YoY)20.89%20.31%1.25%-0.24%-2.66%2.87%8.61%12.57%+1,280 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.50%0.45%0.42%0.68%1.80%1.62%1.30%+87 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.01%+1 bps
Allowance / Loans0.70%0.68%0.64%0.64%0.64%0.67%0.64%0.58%-6 bps
Allowance Coverage of NPLs1.6x1.4x1.4x1.5x0.9x0.4x0.4x0.4x-1.1x
Capital
Tier 1 Leverage Ratio7.30%8.88%9.61%9.58%12.83%12.07%12.53%12.10%+252 bps
Total Risk-Based Capital12.28%14.92%15.89%16.96%21.42%23.41%22.19%19.50%+254 bps
Equity / Assets6.13%7.61%8.28%8.35%11.04%11.34%11.29%10.45%+210 bps
Liquidity & Funding
Loans / Deposits112.77%116.31%119.11%121.26%109.79%106.60%111.89%124.74%+348 bps
Liquid Assets / Assets10.73%3.03%2.08%1.42%11.11%13.36%6.28%3.00%+158 bps
CRE / Total Capitaln/an/an/an/a78.38%64.19%65.48%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

Warsaw Federal Savings and Loan Association

Cincinnati, OH · Cert 28217 · Peer group: banks under $1B in assets in the Cincinnati, OH-KY-IN area (n=15) · First Mutual Holding Co.

State savings bank · OCC · 4 affiliate banks · 1 branch (26 in holding)

Q2 2026

$108.5MAssets
$89.7MLoans
$71.9MDeposits
$11.3MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 67% of banks under $1B in assets in the Cincinnati, OH-KY-IN area (rank 5 of 15).
  • Widest gap: net interest margin trails 100% of banks under $1B in assets in the Cincinnati, OH-KY-IN area (rank 15 of 15).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

-0.08%

Rank 14 of 15

Net Interest Margin

1.85%

Rank 15 of 15

Efficiency Ratio

100.50%

Rank 14 of 15

Equity / Assets

10.45%

Rank 11 of 15

Non-interest income vs. expense

$0.5M$2.4MINCOMEEXPENSE
Unfavorable gap of $1.9M · efficiency ratio beats 13% of banks under $1B in assets in the Cincinnati, OH-KY-IN area
Bank 100.50%Peer median 75.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets-0.08%0.35%0.56%1.05%Beats 7%14 / 15
Return on Equity-0.74%1.73%4.99%6.76%Beats 7%14 / 15
Net Interest Margin1.85%2.85%3.21%3.42%Beats 0%15 / 15
Efficiency Ratio100.50%64.82%75.45%88.43%Beats 13%14 / 15
Asset Quality
Nonperforming Loans / Loans1.30%0.12%0.43%1.30%Beats 27%12 / 15
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 27%12 / 15
Capital
Tier 1 Capital Ratio18.68%13.11%14.76%20.06%Beats 67%5 / 15
Total Risk-Based Capital Ratio19.50%14.37%15.36%20.06%Beats 67%5 / 15
Equity / Assets10.45%10.14%11.33%20.42%Beats 27%11 / 15
Liquidity & Funding
Loans / Deposits124.74%80.04%97.18%103.56%87th pctl2 / 15
Loans / Assets82.63%68.16%75.18%82.63%73rd pctl4 / 15
Brokered Deposits / Depositsn/aNot reported for this institution