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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 $7.0MQ2 2025Q2 2026
Deposit mix
94%Interest-bearing $162.9M6%Noninterest $10.8MQ2 2025Q2 2026

NIM

5.27%Q2 ’245.31%Q2 ’255.34%Q2 ’26+13%+12%

Non-interest income vs. expense

2.51%Q2 ’242.76%Q2 ’252.78%Q2 ’26+14%+1%

Executive Summary

  • Earnings: ROA of 0.25%, up 22 bps year over year; NIM at 2.71%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

0.25%+22 bps YoY

Net Interest Margin (quarter, annualized)

2.71%+29 bps YoY

Efficiency Ratio (quarter, annualized)

89.02%-849 bps YoY

Tier 1 Leverage Ratio

8.31%-164 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.04%0.27%-4.33%-0.05%0.25%+22 bps
Return on Equity0.39%2.95%-52.00%-0.71%3.23%+283 bps
Net Interest Margin2.42%2.55%1.45%2.31%2.71%+29 bps
Efficiency Ratio97.51%87.92%162.07%102.36%89.02%-849 bps
Non-Interest Burden2.35%2.17%2.55%2.38%2.37%+1 bps
Growth
Asset Growth (YoY)7.06%6.67%0.37%3.25%1.39%-567 bps
Loan Growth (YoY)1.50%2.97%3.66%4.02%4.86%+337 bps
Deposit Growth (YoY)8.71%2.37%6.37%4.86%4.43%-428 bps
Asset Quality
Nonperforming Loans / Loans2.48%2.19%5.29%5.53%5.11%+263 bps
Net Charge-Offs / Loans0.00%0.00%2.10%0.00%0.00%0 bps
Allowance / Loans0.78%0.77%1.11%1.13%1.14%+36 bps
Allowance Coverage of NPLs0.3x0.4x0.2x0.2x0.2x-0.1x
Capital
Tier 1 Leverage Ratio9.95%9.62%8.06%8.08%8.31%-164 bps
Total Risk-Based Capital14.65%13.95%12.52%12.57%12.71%-194 bps
Equity / Assets9.16%8.92%7.72%7.75%7.86%-130 bps
Liquidity & Funding
Loans / Deposits101.08%108.34%101.18%98.67%101.50%+41 bps
Liquid Assets / Assets1.73%1.25%1.75%1.82%2.40%+67 bps
CRE / Total Capitaln/a87.88%103.89%111.15%n/an/a