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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 $3.9MQ3 2024Q2 2026
Deposit mix
95%Interest-bearing $107.1M5%Noninterest $6.2MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.62%, up 33 bps year over year; NIM at 2.72%.
  • 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 (quarter, annualized)

0.62%+33 bps YoY

Net Interest Margin (quarter, annualized)

2.72%+31 bps YoY

Efficiency Ratio (quarter, annualized)

70.28%-1,296 bps YoY

Tier 1 Leverage Ratio

14.83%+93 bps YoY

NIM

4.05%Q2 ’244.40%Q2 ’254.53%Q2 ’26+14%+13%

Non-interest income vs. expense

1.93%Q2 ’242.10%Q2 ’252.11%Q2 ’26+10%-8%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.18%0.33%0.17%0.28%1.71%0.20%0.61%0.62%+33 bps
Return on Equity1.41%2.51%1.30%2.19%12.38%1.36%4.19%4.23%+204 bps
Net Interest Margin2.10%2.20%2.13%2.41%2.36%2.78%2.83%2.72%+31 bps
Efficiency Ratio89.90%79.83%89.08%83.23%48.65%75.10%63.73%70.28%-1,296 bps
Non-Interest Burden1.87%1.73%1.89%1.99%0.52%2.15%1.86%1.83%-16 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