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First National Bank of Wakefield, The

Wakefield, MI · Cert 5076 · Wakefield Bcorp Inc.

National charter · OCC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

64

Q2 2024Q2 2026peer median (50)

Asset Quality

37

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

21

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 Wakefield, The

Wakefield, MI · Cert 5076 · Wakefield Bcorp Inc.

National charter · OCC · 2 branches

Q2 2026

$52.6MAssets
$21.7MLoans
$47.7MDeposits
$4.8MEquity
Loan mix
68%RE $14.1M5%C&I $1.0M28%Consumer $5.8MQ2 2025Q2 2026
Deposit mix
64%Interest-bearing $30.7M36%Noninterest $17.0MQ2 2025Q2 2026

NIM

3.85%Q2 ’244.25%Q2 ’254.55%Q2 ’26+10%+8%

Non-interest income vs. expense

3.10%Q2 ’243.36%Q2 ’253.63%Q2 ’26+8%+8%

Executive Summary

  • Earnings: ROA of 0.65%, up 2 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.71% of loans (-1 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.15%, up 34 bps from a year ago.
  • Funding: loans stand at 45.59% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.65%+2 bps YoY

Net Interest Margin (YTD, annualized)

4.07%+31 bps YoY

Efficiency Ratio (YTD, annualized)

82.65%-8 bps YoY

Tier 1 Leverage Ratio

10.15%+34 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.63%0.65%0.57%0.62%0.65%+2 bps
Return on Equity7.47%7.59%6.55%6.79%7.12%-35 bps
Net Interest Margin3.76%3.76%3.87%3.83%4.07%+31 bps
Efficiency Ratio82.73%82.46%82.57%84.53%82.65%-8 bps
Non-Interest Burden3.06%3.05%3.14%3.19%3.31%+25 bps
Growth
Asset Growth (YoY)-0.93%-2.35%-0.80%-0.17%-2.32%-139 bps
Loan Growth (YoY)-4.08%-6.85%-3.13%-1.26%2.27%+635 bps
Deposit Growth (YoY)-2.00%-3.22%-4.20%-0.72%-2.89%-89 bps
Asset Quality
Nonperforming Loans / Loans0.71%0.86%0.89%1.03%0.71%-1 bps
Net Charge-Offs / Loans0.00%-0.01%0.27%-0.02%0.05%+5 bps
Allowance / Loans1.29%1.33%1.27%1.27%1.21%-8 bps
Allowance Coverage of NPLs1.8x1.5x1.4x1.2x1.7x-0.1x
Capital
Tier 1 Leverage Ratio9.81%9.75%9.85%9.56%10.15%+34 bps
Total Risk-Based Capital24.38%24.67%24.71%24.92%24.81%+43 bps
Equity / Assets8.60%8.83%9.17%9.03%9.18%+58 bps
Liquidity & Funding
Loans / Deposits43.29%42.33%45.01%43.78%45.59%+230 bps
Liquid Assets / Assets27.37%26.30%25.03%24.88%24.13%-324 bps
CRE / Total Capitaln/a50.64%56.61%57.76%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 Wakefield, The

Wakefield, MI · Cert 5076 · Peer group: banks under $1B in assets (n=581-629) · Wakefield Bcorp Inc.

National charter · OCC · 2 branches

Q2 2026

$52.6MAssets
$21.7MLoans
$47.7MDeposits
$4.8MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 83% of banks under $1B in assets (rank 110 of 629).
  • Widest gap: efficiency ratio trails 79% of banks under $1B in assets (rank 499 of 629).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.65%

Rank 458 of 629

Net Interest Margin

4.07%

Rank 151 of 629

Efficiency Ratio

82.65%

Rank 499 of 629

Equity / Assets

9.18%

Rank 461 of 629

Non-interest income vs. expense

$0.2M$1.9MINCOMEEXPENSE
Unfavorable gap of $1.7M · efficiency ratio beats 21% of banks under $1B in assets
Bank 82.65%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.65%0.60%1.01%1.45%Beats 27%458 / 629
Return on Equity7.12%5.38%9.30%13.28%Beats 33%419 / 629
Net Interest Margin4.07%3.03%3.54%4.05%Beats 76%151 / 629
Efficiency Ratio82.65%58.35%67.79%79.08%Beats 21%499 / 629
Asset Quality
Nonperforming Loans / Loans0.71%0.09%0.46%1.20%Beats 38%360 / 581
Net Charge-Offs / Loans0.03%n/a0.01%0.06%Beats 35%377 / 581
Capital
Tier 1 Capital Ratio23.64%11.24%13.84%18.77%Beats 83%110 / 629
Total Risk-Based Capital Ratio24.81%11.58%14.43%19.66%Beats 83%110 / 629
Equity / Assets9.18%9.09%10.65%13.80%Beats 27%461 / 629
Liquidity & Funding
Loans / Deposits45.59%67.24%80.90%93.48%8th pctl545 / 594
Loans / Assets41.30%53.31%67.71%78.15%15th pctl532 / 629
Brokered Deposits / Depositsn/aNot reported for this institution