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Letter portraitLegal landscapeQuarterYTD

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 $5.8MQ3 2024Q2 2026
Deposit mix
64%Interest-bearing $30.7M36%Noninterest $17.0MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.51%0.47%0.61%0.63%0.65%0.57%0.62%0.65%+2 bps
Return on Equity6.63%6.05%7.31%7.47%7.59%6.55%6.79%7.12%-35 bps
Net Interest Margin3.27%3.47%3.69%3.76%3.76%3.87%3.83%4.07%+31 bps
Efficiency Ratio84.97%85.25%83.55%82.73%82.46%82.57%84.53%82.65%-8 bps
Non-Interest Burden2.74%2.92%3.04%3.06%3.05%3.14%3.19%3.31%+25 bps
Growth
Asset Growth (YoY)-2.02%-3.20%-1.42%-0.93%-2.35%-0.80%-0.17%-2.32%-139 bps
Loan Growth (YoY)-1.96%-4.52%-5.00%-4.08%-6.85%-3.13%-1.26%2.27%+635 bps
Deposit Growth (YoY)-3.47%-2.73%-2.52%-2.00%-3.22%-4.20%-0.72%-2.89%-89 bps
Asset Quality
Nonperforming Loans / Loans1.12%0.91%0.41%0.71%0.86%0.89%1.03%0.71%-1 bps
Net Charge-Offs / Loans-0.03%-0.03%-0.02%0.00%-0.01%0.27%-0.02%0.05%+5 bps
Allowance / Loans1.22%1.26%1.28%1.29%1.33%1.27%1.27%1.21%-8 bps
Allowance Coverage of NPLs1.1x1.4x3.2x1.8x1.5x1.4x1.2x1.7x-0.1x
Capital
Tier 1 Leverage Ratio9.02%9.50%9.63%9.81%9.75%9.85%9.56%10.15%+34 bps
Total Risk-Based Capital23.58%24.62%24.31%24.38%24.67%24.71%24.92%24.81%+43 bps
Equity / Assets8.10%8.12%8.47%8.60%8.83%9.17%9.03%9.18%+58 bps
Liquidity & Funding
Loans / Deposits43.97%44.51%44.02%43.29%42.33%45.01%43.78%45.59%+230 bps
Liquid Assets / Assets31.46%28.99%28.12%27.37%26.30%25.03%24.88%24.13%-324 bps
CRE / Total Capitaln/an/an/an/a50.64%56.61%57.76%n/an/a