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Northwest Bank

Spencer, IA · Cert 32647 · Northwest Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=176). 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

32

Q2 2024Q2 2026peer median (50)

Asset Quality

73

Q2 2024Q2 2026peer median (50)

Profitability

55

Q2 2024Q2 2026peer median (50)

Liquidity

59

Q2 2024Q2 2026peer median

Efficiency

58

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

Northwest Bank

Spencer, IA · Cert 32647 · Northwest Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

$3.0BAssets
$2.5BLoans
$2.6BDeposits
$295.0MEquity
Loan mix
84%RE $1.8B14%C&I $0.3B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $2.1B19%Noninterest $0.5BQ2 2025Q2 2026

NIM

4.63%Q2 ’244.78%Q2 ’255.05%Q2 ’26+24%+19%

Non-interest income vs. expense

2.56%Q2 ’242.43%Q2 ’252.50%Q2 ’26+5%-6%

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 1.1% share · #15 of 57 inst. · $0.4B of $38.0B

1.3% Polk
25.4% Dickinson
33.4% Webster
23.9% Clay

Executive Summary

  • Earnings: ROA of 1.35%, up 50 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.23% of loans (-27 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.12%, up 15 bps from a year ago.
  • Funding: loans stand at 95.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.35%+50 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+55 bps YoY

Efficiency Ratio (YTD, annualized)

57.55%-945 bps YoY

Tier 1 Leverage Ratio

10.12%+15 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.85%0.95%1.03%1.26%1.35%+50 bps
Return on Equity9.27%10.26%10.98%12.70%13.67%+440 bps
Net Interest Margin2.86%2.93%3.01%3.36%3.40%+55 bps
Efficiency Ratio67.00%64.78%63.42%59.14%57.55%-945 bps
Non-Interest Burden1.68%1.64%1.62%1.64%1.58%-10 bps
Growth
Asset Growth (YoY)0.40%1.86%1.73%1.92%1.56%+116 bps
Loan Growth (YoY)4.08%6.31%5.74%6.14%4.95%+87 bps
Deposit Growth (YoY)0.60%0.57%4.11%2.94%5.51%+491 bps
Asset Quality
Nonperforming Loans / Loans0.50%0.33%0.23%0.20%0.23%-27 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.02%0.04%+3 bps
Allowance / Loans1.25%1.25%1.26%1.28%1.25%0 bps
Allowance Coverage of NPLs2.5x3.8x5.4x6.3x5.3x+2.8x
Capital
Tier 1 Leverage Ratio9.97%9.94%10.02%10.28%10.12%+15 bps
Total Risk-Based Capital12.70%12.60%12.87%12.85%12.44%-26 bps
Equity / Assets9.39%9.57%9.87%9.95%9.83%+45 bps
Liquidity & Funding
Loans / Deposits95.58%96.15%93.33%93.01%95.08%-51 bps
Liquid Assets / Assets0.82%1.28%2.18%1.89%0.73%-9 bps
CRE / Total Capitaln/a320%307%303%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

Northwest Bank

Spencer, IA · Cert 32647 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Northwest Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

$3.0BAssets
$2.5BLoans
$2.6BDeposits
$295.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 84% of banks $1B-$10B in assets operating regionally (rank 30 of 176).
  • Widest gap: tier 1 capital ratio trails 73% of banks $1B-$10B in assets operating regionally (rank 129 of 176).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.34%

Rank 73 of 176

Net Interest Margin

3.40%

Rank 107 of 176

Efficiency Ratio

57.90%

Rank 75 of 176

Equity / Assets

9.83%

Rank 109 of 176

Non-interest income vs. expense

$27.4M$74.8MINCOMEEXPENSE
Unfavorable gap of $47.4M · efficiency ratio beats 58% of banks $1B-$10B in assets operating regionally
Bank 57.90%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.34%0.93%1.26%1.54%Beats 59%73 / 176
Return on Equity13.62%9.26%11.89%14.46%Beats 66%59 / 176
Net Interest Margin3.40%3.25%3.59%3.93%Beats 39%107 / 176
Efficiency Ratio57.90%52.79%59.55%67.66%Beats 58%75 / 176
Asset Quality
Nonperforming Loans / Loans0.23%0.30%0.64%1.32%Beats 84%30 / 176
Net Charge-Offs / Loans0.02%0.01%0.04%0.10%Beats 62%67 / 176
Capital
Tier 1 Capital Ratio11.19%11.15%12.72%14.15%Beats 27%129 / 176
Total Risk-Based Capital Ratio12.44%11.81%13.63%15.33%Beats 32%119 / 176
Equity / Assets9.83%9.16%10.35%11.80%Beats 38%109 / 176
Liquidity & Funding
Loans / Deposits95.08%80.94%89.73%97.21%69th pctl54 / 176
Loans / Assets83.15%69.25%75.12%80.82%87th pctl23 / 176
Brokered Deposits / Depositsn/aNot reported for this institution