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Worthington Federal Savings Bank, F.S.B.

Worthington, MN · Cert 29426

State savings bank · OCC · 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 MN3

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 MN (n=111 to 113). 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

90

Q2 2024Q2 2026peer median (50)

Asset Quality

75

Q2 2024Q2 2026peer median (50)

Profitability

10

Q2 2024Q2 2026peer median (50)

Liquidity

95

Q2 2024Q2 2026peer median

Efficiency

27

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

Worthington Federal Savings Bank, F.S.B.

Worthington, MN · Cert 29426

State savings bank · OCC · 3 branches

Q2 2026

$135.4MAssets
$88.9MLoans
$113.3MDeposits
$19.8MEquity
Loan mix
95%RE $85.7M1%C&I $1.0M4%Consumer $3.9MQ3 2024Q2 2026
Deposit mix
95%Interest-bearing $107.1M5%Noninterest $6.2MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.61%, up 39 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.65% of loans (+34 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.83%, up 93 bps from a year ago.
  • Funding: loans stand at 78.41% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.61%+39 bps YoY

Net Interest Margin (YTD, annualized)

2.80%+54 bps YoY

Efficiency Ratio (YTD, annualized)

67.01%-1,895 bps YoY

Tier 1 Leverage Ratio

14.83%+93 bps YoY

NIM

3.95%Q2 ’244.29%Q2 ’254.62%Q2 ’26+10%+24%

Non-interest income vs. expense

1.91%Q2 ’242.03%Q2 ’252.05%Q2 ’26+8%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.20%0.23%0.17%0.23%0.75%0.60%0.61%0.61%+39 bps
Return on Equity1.60%1.83%1.30%1.75%5.60%4.38%4.19%4.21%+246 bps
Net Interest Margin2.07%2.11%2.13%2.26%2.06%2.16%2.83%2.80%+54 bps
Efficiency Ratio88.64%86.37%89.08%85.96%68.12%70.13%63.73%67.01%-1,895 bps
Non-Interest Burden1.82%1.80%1.89%1.93%1.26%1.43%1.86%1.86%-7 bps
Growth
Asset Growth (YoY)3.57%-1.12%0.69%2.04%27.40%29.38%28.96%27.34%+2,530 bps
Loan Growth (YoY)3.94%2.20%2.99%4.80%25.45%25.05%26.04%20.08%+1,528 bps
Deposit Growth (YoY)2.39%-2.07%-0.07%2.19%27.78%29.46%31.03%30.04%+2,785 bps
Asset Quality
Nonperforming Loans / Loans0.34%0.33%0.33%0.31%0.34%0.43%0.40%0.65%+34 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.56%0.56%0.56%0.55%0.56%0.58%0.59%0.60%+5 bps
Allowance Coverage of NPLs1.7x1.7x1.7x1.8x1.7x1.3x1.5x0.9x-0.8x
Capital
Tier 1 Leverage Ratio13.98%14.12%13.92%13.89%15.52%14.76%14.43%14.83%+93 bps
Total Risk-Based Capital33.28%32.99%33.47%32.96%32.98%32.65%31.12%31.89%-107 bps
Equity / Assets13.03%13.11%12.84%12.99%14.52%14.64%14.44%14.65%+167 bps
Liquidity & Funding
Loans / Deposits84.35%85.31%82.97%84.92%82.81%82.40%79.80%78.41%-651 bps
Liquid Assets / Assets11.38%11.03%11.71%11.30%9.68%9.27%10.26%8.22%-308 bps
CRE / Total Capitaln/an/an/an/a10.28%7.98%8.02%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.

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

Worthington Federal Savings Bank, F.S.B.

Worthington, MN · Cert 29426 · Peer group: banks under $1B in assets in MN (n=111-113)

State savings bank · OCC · 3 branches

Q2 2026

$135.4MAssets
$88.9MLoans
$113.3MDeposits
$19.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: net interest margin trails 92% of banks under $1B in assets in MN (rank 104 of 113).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.61%

Rank 101 of 113

Net Interest Margin

2.80%

Rank 104 of 113

Efficiency Ratio

68.74%

Rank 83 of 113

Equity / Assets

14.65%

Rank 16 of 113

Non-interest income vs. expense

$0.3M$2.8MINCOMEEXPENSE
Unfavorable gap of $2.5M · efficiency ratio beats 27% of banks under $1B in assets in MN
Bank 68.74%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.61%0.87%1.20%1.41%Beats 11%101 / 113
Return on Equity4.17%8.92%11.27%13.99%Beats 11%101 / 113
Net Interest Margin2.80%3.42%3.88%4.31%Beats 8%104 / 113
Efficiency Ratio68.74%54.13%61.48%69.86%Beats 27%83 / 113
Asset Quality
Nonperforming Loans / Loans0.65%0.09%0.58%1.82%Beats 50%57 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio31.06%11.53%13.31%18.13%Beats 92%9 / 113
Total Risk-Based Capital Ratio31.89%12.12%14.43%19.39%Beats 92%9 / 113
Equity / Assets14.65%8.52%10.10%11.94%Beats 86%16 / 113
Liquidity & Funding
Loans / Deposits78.41%62.08%77.32%88.06%52nd pctl53 / 111
Loans / Assets65.64%55.01%66.35%75.50%47th pctl60 / 113
Brokered Deposits / Depositsn/aNot reported for this institution