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First National Bank of Waterloo

Waterloo, IL · Cert 3842 · First Waterloo Bancshares Inc.

National charter · OCC · 16 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 the St. Louis, MO-IL area3

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 the St. Louis, MO-IL area (n=38 to 40). 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

53

Q2 2024Q2 2026peer median (50)

Asset Quality

38

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

76

Q2 2024Q2 2026peer median

Efficiency

55

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

First National Bank of Waterloo

Waterloo, IL · Cert 3842 · First Waterloo Bancshares Inc.

National charter · OCC · 16 branches

Q2 2026

$929.3MAssets
$548.5MLoans
$779.6MDeposits
$91.7MEquity
Loan mix
91%RE $469.9M8%C&I $41.2M1%Consumer $3.9MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $628.7M19%Noninterest $151.0MQ3 2024Q2 2026

Market Position · St. Louis, MO-IL · 2026 SOD (annual) · 0.5% share · #36 of 111 inst. · $0.7B of $141.7B

30.8% Monroe
4.8% St. Clair
1.0% Madison
5.4% Shelby

Executive Summary

  • Earnings: ROA of 0.96%, up 36 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 1.33% of loans (-16 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 9.21%, up 46 bps from a year ago.
  • Funding: loans stand at 70.35% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.96%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.15%+41 bps YoY

Efficiency Ratio (YTD, annualized)

62.75%-922 bps YoY

Tier 1 Leverage Ratio

9.21%+46 bps YoY

NIM

3.89%Q2 ’244.17%Q2 ’254.45%Q2 ’26+13%+15%

Non-interest income vs. expense

2.34%Q2 ’242.39%Q2 ’252.35%Q2 ’26+2%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.36%0.43%0.54%0.60%0.62%0.59%0.89%0.96%+36 bps
Return on Equity4.20%4.98%6.14%6.84%6.95%6.53%9.44%10.05%+322 bps
Net Interest Margin2.43%2.41%2.64%2.75%2.82%2.88%3.08%3.15%+41 bps
Efficiency Ratio79.64%76.31%73.67%71.97%72.15%73.88%63.99%62.75%-922 bps
Non-Interest Burden1.87%1.76%1.84%1.86%1.91%2.01%1.79%1.79%-7 bps
Growth
Asset Growth (YoY)0.58%-0.89%-0.38%0.97%0.32%-0.14%2.01%0.25%-72 bps
Loan Growth (YoY)0.26%-1.76%0.62%-1.09%1.31%3.81%0.66%3.19%+428 bps
Deposit Growth (YoY)0.30%-0.47%-0.83%1.27%-0.78%-1.38%3.07%0.69%-58 bps
Asset Quality
Nonperforming Loans / Loans1.38%1.34%1.54%1.48%1.35%1.40%1.33%1.33%-16 bps
Net Charge-Offs / Loans0.03%0.03%0.01%0.04%0.05%0.04%0.06%0.03%-1 bps
Allowance / Loans1.38%1.50%1.51%1.54%1.52%1.54%1.56%1.56%+1 bps
Allowance Coverage of NPLs1.0x1.1x1.0x1.0x1.1x1.1x1.2x1.2x+0.1x
Capital
Tier 1 Leverage Ratio8.57%8.46%8.64%8.75%8.91%8.93%9.03%9.21%+46 bps
Total Risk-Based Capital14.02%13.79%13.58%13.81%14.29%13.67%13.81%14.13%+31 bps
Equity / Assets9.00%8.65%8.84%9.01%9.39%9.50%9.36%9.87%+86 bps
Liquidity & Funding
Loans / Deposits69.61%67.50%69.85%68.64%71.07%71.05%68.21%70.35%+170 bps
Liquid Assets / Assets20.58%21.73%21.81%20.45%19.47%19.15%21.13%18.81%-164 bps
CRE / Total Capitaln/an/an/an/a311%308%307%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

First National Bank of Waterloo

Waterloo, IL · Cert 3842 · Peer group: banks under $1B in assets in the St. Louis, MO-IL area (n=38-40) · First Waterloo Bancshares Inc.

National charter · OCC · 16 branches

Q2 2026

$929.3MAssets
$548.5MLoans
$779.6MDeposits
$91.7MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 55% of banks under $1B in assets in the St. Louis, MO-IL area (rank 19 of 40).
  • Widest gap: nonperforming loans / loans trails 66% of banks under $1B in assets in the St. Louis, MO-IL area (rank 26 of 38).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.97%

Rank 23 of 40

Net Interest Margin

3.15%

Rank 26 of 40

Efficiency Ratio

63.82%

Rank 19 of 40

Equity / Assets

9.87%

Rank 18 of 40

Non-interest income vs. expense

$5.4M$22.4MINCOMEEXPENSE
Unfavorable gap of $17.1M · efficiency ratio beats 55% of banks under $1B in assets in the St. Louis, MO-IL area
Bank 63.82%Peer median 64.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.97%0.64%1.04%1.26%Beats 43%23 / 40
Return on Equity9.82%6.25%9.97%13.41%Beats 48%21 / 40
Net Interest Margin3.15%3.09%3.22%3.62%Beats 35%26 / 40
Efficiency Ratio63.82%57.08%64.37%75.86%Beats 55%19 / 40
Asset Quality
Nonperforming Loans / Loans1.33%0.14%0.62%1.92%Beats 34%26 / 38
Net Charge-Offs / Loans0.02%0.00%0.01%0.09%Beats 42%23 / 38
Capital
Tier 1 Capital Ratio12.88%10.29%12.88%15.77%Beats 50%20 / 40
Total Risk-Based Capital Ratio14.13%10.64%13.30%17.01%Beats 53%19 / 40
Equity / Assets9.87%8.59%9.46%12.46%Beats 55%18 / 40
Liquidity & Funding
Loans / Deposits70.35%66.12%79.48%94.60%33rd pctl27 / 40
Loans / Assets59.02%54.69%68.52%77.46%30th pctl28 / 40
Brokered Deposits / Depositsn/aNot reported for this institution