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Olympia Federal Savings and Loan Association

Olympia, WA · Cert 28599

SI · FDIC · 9 branches

Q2 2026

$1.0BAssets
$863.4MLoans
$709.7MDeposits
$118.5MEquity
Loan mix
97%RE $829.3M2%C&I $20.9M1%Consumer $5.0MQ3 2024Q2 2026
Deposit mix
90%Interest-bearing $635.7M10%Noninterest $73.9MQ3 2024Q2 2026

Market Position · Olympia-Lacey-Tumwater, WA · 2026 SOD (annual) · 12.2% share · #2 of 15 inst. · $0.7B of $5.3B

12.2% Thurston
13.8% Mason
0.7% Lewis

Executive Summary

  • Earnings: ROA of 0.39%, up 21 bps year over year; NIM at 2.73%.
  • Asset quality: problem loans at 0.26% of loans (-6 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.15%, up 13 bps from a year ago.
  • Funding: loans stand at 121.66% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.39%+21 bps YoY

Net Interest Margin (quarter, annualized)

2.73%+44 bps YoY

Efficiency Ratio (quarter, annualized)

83.68%-848 bps YoY

Tier 1 Leverage Ratio

12.15%+13 bps YoY

NIM

4.33%Q2 ’244.43%Q2 ’254.59%Q2 ’26+9%+19%

Non-interest income vs. expense

2.20%Q2 ’242.32%Q2 ’252.48%Q2 ’26+5%+7%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.08%0.15%0.42%0.18%0.21%0.21%0.34%0.39%+21 bps
Return on Equity0.67%1.32%3.62%1.53%1.82%1.82%2.91%3.33%+180 bps
Net Interest Margin1.86%2.09%2.25%2.29%2.40%2.46%2.59%2.73%+44 bps
Efficiency Ratio97.72%90.04%79.17%92.16%89.41%90.44%84.42%83.68%-848 bps
Non-Interest Burden1.81%1.86%1.72%2.09%2.12%2.20%2.16%2.24%+15 bps
Growth
Asset Growth (YoY)4.46%3.30%1.35%2.13%4.34%3.36%2.63%1.46%-67 bps
Loan Growth (YoY)4.90%4.62%4.06%3.44%3.81%2.91%0.49%1.12%-232 bps
Deposit Growth (YoY)-3.59%1.95%5.27%9.48%5.21%6.25%3.74%-1.24%-1,072 bps
Asset Quality
Nonperforming Loans / Loans0.30%0.30%0.31%0.32%0.26%0.31%0.37%0.26%-6 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0 bps
Allowance / Loans0.60%0.61%0.61%0.61%0.61%0.61%0.63%0.62%+1 bps
Allowance Coverage of NPLs2.0x2.0x2.0x1.9x2.4x2.0x1.7x2.4x+0.4x
Capital
Tier 1 Leverage Ratio12.10%11.92%11.98%12.03%12.03%11.97%12.03%12.15%+13 bps
Total Risk-Based Capital12.10%11.92%11.98%12.03%12.03%11.97%12.03%12.15%+13 bps
Equity / Assets11.55%11.37%11.65%11.46%11.35%11.38%11.66%11.63%+16 bps
Liquidity & Funding
Loans / Deposits121.92%122.18%120.91%118.82%120.30%118.34%117.12%121.66%+284 bps
Liquid Assets / Assets4.40%3.77%1.90%4.01%4.81%3.23%3.47%3.32%-69 bps
CRE / Total Capitaln/an/an/an/a153.02%157.38%146.50%n/an/a