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Woodruff Federal Savings and Loan Association

Woodruff, SC · Cert 29238

State savings bank · OCC · 1 branch

Q2 2026

$104.2MAssets
$65.7MLoans
$69.0MDeposits
$33.7MEquity
Loan mix
100%RE $64.6M0%C&I $0.0M0%Consumer $0.0MQ3 2024Q2 2026
Deposit mix
100%Interest-bearing $69.0M0%Noninterest $0.0MQ3 2024Q2 2026

Market Position · Spartanburg, SC · 2026 SOD (annual) · 1.0% share · #15 of 22 inst. · $0.1B of $6.6B

Executive Summary

  • Earnings: ROA of 0.34%, up 11 bps year over year; NIM at 2.00%.
  • Asset quality: problem loans at 0.42% of loans (+1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 31.47%, down 155 bps from a year ago.
  • Funding: loans stand at 95.08% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.34%+11 bps YoY

Net Interest Margin (quarter, annualized)

2.00%-5 bps YoY

Efficiency Ratio (quarter, annualized)

82.89%-620 bps YoY

Tier 1 Leverage Ratio

31.47%-155 bps YoY

NIM

3.78%Q2 ’243.93%Q2 ’254.02%Q2 ’26+6%-2%

Non-interest income vs. expense

2.01%Q2 ’241.95%Q2 ’251.77%Q2 ’26-3%-10%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.07%0.28%0.27%0.22%0.35%0.29%0.32%0.34%+11 bps
Return on Equity0.19%0.83%0.77%0.65%1.02%0.85%0.94%1.03%+39 bps
Net Interest Margin1.80%2.01%2.01%2.05%2.11%2.02%2.03%2.00%-5 bps
Efficiency Ratio100.61%88.45%88.25%89.09%83.93%85.16%84.41%82.89%-620 bps
Non-Interest Burden1.80%1.76%1.75%1.80%1.74%1.69%1.69%1.63%-17 bps
Growth
Asset Growth (YoY)2.60%-0.09%3.10%-0.05%-0.82%2.57%5.28%7.74%+779 bps
Loan Growth (YoY)6.03%4.26%4.19%7.46%7.41%6.53%4.18%2.68%-478 bps
Deposit Growth (YoY)3.59%-0.50%4.58%-0.26%-1.41%4.07%8.03%11.68%+1,194 bps
Asset Quality
Nonperforming Loans / Loans0.64%0.41%0.40%0.41%0.75%1.06%0.68%0.42%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.16%1.14%1.13%1.09%1.08%1.07%1.08%1.07%-3 bps
Allowance Coverage of NPLs1.8x2.8x2.8x2.7x1.4x1.0x1.6x2.5x-0.2x
Capital
Tier 1 Leverage Ratio32.45%32.83%33.26%33.02%33.19%33.13%32.32%31.47%-155 bps
Total Risk-Based Capital32.45%32.83%33.26%33.02%33.19%33.13%32.32%31.47%-155 bps
Equity / Assets33.72%34.81%34.50%34.52%34.28%34.22%33.05%32.35%-217 bps
Liquidity & Funding
Loans / Deposits95.00%100.70%100.49%103.41%103.50%103.08%96.91%95.08%-833 bps
Liquid Assets / Assets30.97%27.73%27.82%25.68%25.70%25.29%28.71%29.08%+339 bps
CRE / Total Capitaln/an/an/an/a36.46%36.25%36.42%n/an/a