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Waterstone Bank

Wauwatosa, WI · Cert 28513 · Waterstone Financial Inc.

SI · FDIC · 16 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 $1B-$10B in assets (n=311 to 317). 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

89

Q2 2024Q2 2026peer median (50)

Asset Quality

78

Q2 2024Q2 2026peer median (50)

Profitability

33

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

10

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 2026-10-10

Waterstone Bank

Wauwatosa, WI · Cert 28513 · Waterstone Financial Inc.

SI · FDIC · 16 branches

Q2 2026

$2.3BAssets
$1.8BLoans
$1.5BDeposits
$331.5MEquity
Loan mix
98%RE $1.8B2%C&I $0.0B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $1.4B8%Noninterest $0.1BQ2 2025Q2 2026

NIM

4.89%Q2 ’245.13%Q2 ’255.29%Q2 ’26+23%+18%

Non-interest income vs. expense

5.09%Q2 ’244.91%Q2 ’255.14%Q2 ’26+33%-5%

Market Position · Milwaukee-Waukesha, WI · 2026 SOD (annual) · 1.8% share · #9 of 43 inst. · $1.5B of $79.9B

1.8% Milwaukee
2.1% Waukesha
3.3% Washington

Executive Summary

  • Earnings: ROA of 1.28%, up 31 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.36% of loans (-9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.43%, up 8 bps from a year ago.
  • Funding: loans stand at 124.88% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.28%+31 bps YoY

Net Interest Margin (YTD, annualized)

2.86%+45 bps YoY

Efficiency Ratio (YTD, annualized)

75.19%-551 bps YoY

Tier 1 Leverage Ratio

15.43%+8 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.97%1.11%1.17%1.06%1.28%+31 bps
Return on Equity6.53%7.52%7.91%7.06%8.57%+205 bps
Net Interest Margin2.41%2.50%2.55%2.82%2.86%+45 bps
Efficiency Ratio80.70%78.38%77.41%77.89%75.19%-551 bps
Non-Interest Burden1.25%1.16%1.15%1.41%1.19%-7 bps
Growth
Asset Growth (YoY)-1.42%1.22%2.32%3.60%-0.13%+130 bps
Loan Growth (YoY)-3.97%-0.04%0.23%2.74%0.52%+449 bps
Deposit Growth (YoY)12.60%9.06%5.51%3.62%2.99%-961 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.32%0.34%0.41%0.36%-9 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%0.00%0.00%0 bps
Allowance / Loans0.97%0.95%0.96%0.97%0.97%0 bps
Allowance Coverage of NPLs2.2x2.9x2.8x2.4x2.7x+0.6x
Capital
Tier 1 Leverage Ratio15.35%15.55%15.43%15.85%15.43%+8 bps
Total Risk-Based Capital20.03%19.79%20.49%20.26%19.68%-36 bps
Equity / Assets14.49%14.69%14.95%15.05%14.71%+22 bps
Liquidity & Funding
Loans / Deposits127.95%129.05%123.33%124.78%124.88%-307 bps
Liquid Assets / Assets2.70%2.07%2.65%1.50%1.33%-137 bps
CRE / Total Capitaln/a336%327%331%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 2026-10-10

Waterstone Bank

Wauwatosa, WI · Cert 28513 · Peer group: banks $1B-$10B in assets (n=311-317) · Waterstone Financial Inc.

SI · FDIC · 16 branches

Q2 2026

$2.3BAssets
$1.8BLoans
$1.5BDeposits
$331.5MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 92% of banks $1B-$10B in assets (rank 26 of 317).
  • Widest gap: efficiency ratio trails 90% of banks $1B-$10B in assets (rank 285 of 317).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.28%

Rank 139 of 317

Net Interest Margin

2.86%

Rank 267 of 317

Efficiency Ratio

75.47%

Rank 285 of 317

Equity / Assets

14.71%

Rank 26 of 317

Non-interest income vs. expense

$88.1M$114.6MINCOMEEXPENSE
Unfavorable gap of $26.5M · efficiency ratio beats 10% of banks $1B-$10B in assets
Bank 75.47%Peer median 59.7%Q4 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.28%0.93%1.22%1.51%Beats 56%139 / 317
Return on Equity8.69%8.63%11.43%14.48%Beats 26%235 / 317
Net Interest Margin2.86%3.06%3.45%3.83%Beats 16%267 / 317
Efficiency Ratio75.47%51.90%59.69%67.53%Beats 10%285 / 317
Asset Quality
Nonperforming Loans / Loans0.36%0.24%0.51%1.14%Beats 65%110 / 311
Net Charge-Offs / Loans0.00%0.01%0.04%0.12%Beats 90%31 / 311
Capital
Tier 1 Capital Ratio18.66%11.75%13.15%15.30%Beats 87%40 / 317
Total Risk-Based Capital Ratio19.68%12.63%14.21%16.26%Beats 88%37 / 317
Equity / Assets14.71%9.06%10.32%11.95%Beats 92%26 / 317
Liquidity & Funding
Loans / Deposits124.88%76.63%88.04%95.67%98th pctl6 / 312
Loans / Assets81.48%65.41%74.05%79.71%81st pctl61 / 317
Brokered Deposits / Depositsn/aNot reported for this institution