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WCF Financial Bank

Webster City, IA · Cert 28989 · WCF Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

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 IA (n=134 to 135). 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

23

Q2 2024Q2 2026peer median (50)

Asset Quality

31

Q2 2024Q2 2026peer median (50)

Profitability

4

Q2 2024Q2 2026peer median (50)

Liquidity

2

Q2 2024Q2 2026peer median

Efficiency

3

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

WCF Financial Bank

Webster City, IA · Cert 28989 · WCF Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$224.4MAssets
$176.3MLoans
$173.7MDeposits
$17.6MEquity
Loan mix
90%RE $145.3M5%C&I $8.7M4%Consumer $7.0MQ3 2024Q2 2026
Deposit mix
94%Interest-bearing $162.9M6%Noninterest $10.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.10%, up 6 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 5.11% of loans (+263 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.31%, down 164 bps from a year ago.
  • Funding: loans stand at 101.50% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.10%+6 bps YoY

Net Interest Margin (YTD, annualized)

2.53%+12 bps YoY

Efficiency Ratio (YTD, annualized)

95.25%-286 bps YoY

Tier 1 Leverage Ratio

8.31%-164 bps YoY

NIM

5.11%Q2 ’245.29%Q2 ’255.21%Q2 ’26+13%+5%

Non-interest income vs. expense

2.52%Q2 ’242.74%Q2 ’252.79%Q2 ’26+13%+2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.06%-0.02%0.04%10.04%0.11%-1.01%-0.05%0.10%+6 bps
Return on Equity0.56%-0.16%0.45%0.42%1.26%-11.44%-0.71%1.26%+84 bps
Net Interest Margin2.12%2.16%2.40%2.41%2.44%2.12%2.31%2.53%+12 bps
Efficiency Ratio96.58%98.67%98.72%98.11%94.42%106.29%102.36%95.25%-286 bps
Non-Interest Burden2.03%2.13%2.36%2.36%2.27%2.28%2.38%2.39%+4 bps
Growth
Asset Growth (YoY)14.79%16.11%7.20%7.06%6.67%0.37%3.25%1.39%-567 bps
Loan Growth (YoY)19.22%14.44%7.22%1.50%2.97%3.66%4.02%4.86%+337 bps
Deposit Growth (YoY)18.18%13.29%8.88%8.71%2.37%6.37%4.86%4.43%-428 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.72%2.10%2.48%2.19%5.29%5.53%5.11%+263 bps
Net Charge-Offs / Loans-0.01%-0.01%0.01%0.00%0.00%0.53%0.00%0.00%0 bps
Allowance / Loans0.72%0.75%0.77%0.78%0.77%1.11%1.13%1.14%+36 bps
Allowance Coverage of NPLs1.6x1.0x0.4x0.3x0.4x0.2x0.2x0.2x-0.1x
Capital
Tier 1 Leverage Ratio10.20%10.14%10.13%9.95%9.62%8.06%8.08%8.31%-164 bps
Total Risk-Based Capital10.20%14.55%14.80%14.65%13.95%12.52%12.57%12.71%-194 bps
Equity / Assets9.74%8.94%9.38%9.16%8.92%7.72%7.75%7.86%-130 bps
Liquidity & Funding
Loans / Deposits107.72%103.83%99.47%101.08%108.34%101.18%98.67%101.50%+41 bps
Liquid Assets / Assets0.72%1.26%1.40%1.73%1.25%1.75%1.82%2.40%+67 bps
CRE / Total Capitaln/an/an/an/a87.88%103.89%111.15%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. 1 One-time gains made up most of net income in the marked periods.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

WCF Financial Bank

Webster City, IA · Cert 28989 · Peer group: banks under $1B in assets in IA (n=134-135) · WCF Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$224.4MAssets
$176.3MLoans
$173.7MDeposits
$17.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 59% of banks under $1B in assets in IA (rank 56 of 134).
  • Widest gap: nonperforming loans / loans trails 97% of banks under $1B in assets in IA (rank 131 of 134).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.10%

Rank 131 of 135

Net Interest Margin

2.53%

Rank 126 of 135

Efficiency Ratio

95.25%

Rank 132 of 135

Equity / Assets

7.86%

Rank 130 of 135

Non-interest income vs. expense

$0.9M$6.2MINCOMEEXPENSE
Unfavorable gap of $5.3M · efficiency ratio beats 3% of banks under $1B in assets in IA
Bank 95.25%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.10%0.92%1.19%1.47%Beats 3%131 / 135
Return on Equity1.26%7.99%10.26%13.14%Beats 3%131 / 135
Net Interest Margin2.53%2.95%3.41%3.73%Beats 7%126 / 135
Efficiency Ratio95.25%50.61%57.35%63.29%Beats 3%132 / 135
Asset Quality
Nonperforming Loans / Loans5.11%0.03%0.51%1.26%Beats 3%131 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 59%56 / 134
Capital
Tier 1 Capital Ratio11.46%11.23%13.31%15.45%Beats 27%98 / 135
Total Risk-Based Capital Ratio12.71%11.61%14.06%16.47%Beats 38%84 / 135
Equity / Assets7.86%9.87%11.05%13.07%Beats 4%130 / 135
Liquidity & Funding
Loans / Deposits101.50%68.54%81.55%91.24%89th pctl15 / 134
Loans / Assets78.57%57.61%68.06%76.23%81st pctl25 / 135
Brokered Deposits / Depositsn/aNot reported for this institution