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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=322 to 328). 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

11

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

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 $0.0BQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $1.4B8%Noninterest $0.1BQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.82%0.55%0.97%1.11%1.17%1.06%1.28%+31 bps
Return on Equity5.49%5.68%3.67%6.53%7.52%7.91%7.06%8.57%+205 bps
Net Interest Margin1.98%2.11%2.39%2.41%2.50%2.55%2.82%2.86%+45 bps
Efficiency Ratio83.56%82.67%88.65%80.70%78.38%77.41%77.89%75.19%-551 bps
Non-Interest Burden0.99%1.06%1.78%1.25%1.16%1.15%1.41%1.19%-7 bps
Growth
Asset Growth (YoY)1.08%-0.11%-2.59%-1.42%1.22%2.32%3.60%-0.13%+130 bps
Loan Growth (YoY)2.36%-0.70%-3.27%-3.97%-0.04%0.23%2.74%0.52%+449 bps
Deposit Growth (YoY)3.42%12.36%14.07%12.60%9.06%5.51%3.62%2.99%-961 bps
Asset Quality
Nonperforming Loans / Loans0.29%0.31%0.42%0.45%0.32%0.34%0.41%0.36%-9 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.00%-0.01%0.00%0.00%0 bps
Allowance / Loans0.98%1.00%1.01%0.97%0.95%0.96%0.97%0.97%0 bps
Allowance Coverage of NPLs3.4x3.2x2.4x2.2x2.9x2.8x2.4x2.7x+0.6x
Capital
Tier 1 Leverage Ratio14.96%15.55%15.86%15.35%15.55%15.43%15.85%15.43%+8 bps
Total Risk-Based Capital19.91%20.29%20.68%20.03%19.79%20.49%20.26%19.68%-36 bps
Equity / Assets14.59%14.86%15.12%14.49%14.69%14.95%15.05%14.71%+22 bps
Liquidity & Funding
Loans / Deposits140.80%129.83%125.84%127.95%129.05%123.33%124.78%124.88%-307 bps
Liquid Assets / Assets1.38%1.37%1.48%2.70%2.07%2.65%1.50%1.33%-137 bps
CRE / Total Capitaln/an/an/an/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 2026-10-11

Waterstone Bank

Wauwatosa, WI · Cert 28513 · Peer group: banks $1B-$10B in assets (n=322-328) · 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 25 of 328).
  • Widest gap: efficiency ratio trails 89% of banks $1B-$10B in assets (rank 294 of 328).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.28%

Rank 143 of 328

Net Interest Margin

2.86%

Rank 272 of 328

Efficiency Ratio

75.47%

Rank 294 of 328

Equity / Assets

14.71%

Rank 25 of 328

Non-interest income vs. expense

$88.1M$114.6MINCOMEEXPENSE
Unfavorable gap of $26.5M · efficiency ratio beats 11% of banks $1B-$10B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.28%0.91%1.22%1.52%Beats 56%143 / 328n/a
Return on Equity8.69%8.43%11.45%14.43%Beats 27%238 / 328n/a
Net Interest Margin2.86%3.03%3.45%3.83%Beats 17%272 / 328n/a
Efficiency Ratio75.47%51.61%59.56%67.53%Beats 11%294 / 328n/a
Asset Quality
Nonperforming Loans / Loans0.36%0.24%0.51%1.03%Beats 64%116 / 322n/a
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 91%31 / 322n/a
Capital
Tier 1 Capital Ratio18.66%11.75%13.15%15.47%Beats 87%42 / 328n/a
Total Risk-Based Capital Ratio19.68%12.63%14.15%16.46%Beats 88%39 / 328n/a
Equity / Assets14.71%9.15%10.33%12.01%Beats 92%25 / 328n/a
Liquidity & Funding
Loans / Deposits124.88%76.63%87.92%95.36%98th pctl5 / 323n/a
Loans / Assets81.48%65.18%74.15%79.98%80th pctl65 / 328n/a
Brokered Deposits / Depositsn/aNot reported for this institution