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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 $3.9MQ2 2025Q2 2026
Deposit mix
95%Interest-bearing $107.1M5%Noninterest $6.2MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.23%0.75%0.60%0.61%0.61%+39 bps
Return on Equity1.75%5.60%4.38%4.19%4.21%+246 bps
Net Interest Margin2.26%2.06%2.16%2.83%2.80%+54 bps
Efficiency Ratio85.96%68.12%70.13%63.73%67.01%-1,895 bps
Non-Interest Burden1.93%1.26%1.43%1.86%1.86%-7 bps
Growth
Asset Growth (YoY)2.04%27.40%29.38%28.96%27.34%+2,530 bps
Loan Growth (YoY)4.80%25.45%25.05%26.04%20.08%+1,528 bps
Deposit Growth (YoY)2.19%27.78%29.46%31.03%30.04%+2,785 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.34%0.43%0.40%0.65%+34 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.55%0.56%0.58%0.59%0.60%+5 bps
Allowance Coverage of NPLs1.8x1.7x1.3x1.5x0.9x-0.8x
Capital
Tier 1 Leverage Ratio13.89%15.52%14.76%14.43%14.83%+93 bps
Total Risk-Based Capital32.96%32.98%32.65%31.12%31.89%-107 bps
Equity / Assets12.99%14.52%14.64%14.44%14.65%+167 bps
Liquidity & Funding
Loans / Deposits84.92%82.81%82.40%79.80%78.41%-651 bps
Liquid Assets / Assets11.30%9.68%9.27%10.26%8.22%-308 bps
CRE / Total Capitaln/a10.28%7.98%8.02%n/an/a