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Letter portraitLegal landscapeQuarterYTD

Pyramax Bank, F.S.B.

Greenfield, WI · Cert 29120 · 1895 Bcorp of Wisconsin Inc.

State savings bank · OCC · 6 branches

Q2 2026

$588.7MAssets
$418.7MLoans
$406.2MDeposits
$64.5MEquity
Loan mix
89%RE $384.6M11%C&I $47.5M0%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $327.7M19%Noninterest $78.5MQ2 2025Q2 2026

NIM

4.32%Q2 ’244.46%Q2 ’254.57%Q2 ’26+11%+7%

Non-interest income vs. expense

2.59%Q2 ’242.34%Q2 ’252.42%Q2 ’26-10%+3%

Market Position · Milwaukee-Waukesha, WI · 2026 SOD (annual) · 0.5% share · #22 of 43 inst. · $0.4B of $79.9B

0.5% Milwaukee
0.7% Waukesha
0.8% Ozaukee

Executive Summary

  • Earnings: ROA of 0.44%, up 4 bps year over year; NIM at 2.59%.
  • Asset quality: problem loans at 0.25% of loans (-7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.22%, up 39 bps from a year ago.
  • Funding: loans stand at 103.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.44%+4 bps YoY

Net Interest Margin (YTD, annualized)

2.59%+16 bps YoY

Efficiency Ratio (YTD, annualized)

80.35%-250 bps YoY

Tier 1 Leverage Ratio

11.22%+39 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.40%0.45%0.49%0.48%0.44%+4 bps
Return on Equity3.87%4.36%4.75%4.41%4.01%+14 bps
Net Interest Margin2.43%2.44%2.47%2.53%2.59%+16 bps
Efficiency Ratio82.84%80.16%79.24%81.04%80.35%-250 bps
Non-Interest Burden1.94%1.87%1.87%1.96%1.99%+6 bps
Growth
Asset Growth (YoY)8.92%9.34%4.70%1.53%-3.41%-1,233 bps
Loan Growth (YoY)11.12%11.64%6.12%-0.32%-6.77%-1,789 bps
Deposit Growth (YoY)1.71%2.79%-0.17%1.26%-3.17%-487 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.30%0.28%0.29%0.25%-7 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.01%0.00%0.00%+1 bps
Allowance / Loans1.06%1.09%1.11%1.10%1.07%0 bps
Allowance Coverage of NPLs3.4x3.6x3.9x3.8x4.3x+0.9x
Capital
Tier 1 Leverage Ratio10.83%10.63%10.80%11.31%11.22%+39 bps
Total Risk-Based Capital14.63%14.86%15.29%15.82%16.09%+146 bps
Equity / Assets10.13%10.33%10.84%10.94%10.95%+82 bps
Liquidity & Funding
Loans / Deposits107.06%106.21%109.91%107.32%103.08%-399 bps
Liquid Assets / Assets2.07%2.84%2.21%4.61%6.80%+473 bps
CRE / Total Capitaln/a422%415%387%n/an/a