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Western National Bank of Cass Lake

Cass Lake, MN · Cert 5110 · Western Bcorp Inc.

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

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 MN (n=111 to 113). 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

66

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

56

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

10

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

Western National Bank of Cass Lake

Cass Lake, MN · Cert 5110 · Western Bcorp Inc.

National charter · OCC · 1 affiliate bank · 1 branch (4 in holding)

Q2 2026

$37.1MAssets
$14.5MLoans
$33.0MDeposits
$3.9MEquity
Loan mix
88%RE $11.0M4%C&I $0.5M8%Consumer $1.0MQ2 2025Q2 2026
Deposit mix
55%Interest-bearing $18.3M45%Noninterest $14.8MQ2 2025Q2 2026

NIM

4.34%Q2 ’244.62%Q2 ’255.11%Q2 ’26-5%+13%

Non-interest income vs. expense

4.88%Q2 ’245.27%Q2 ’254.66%Q2 ’26-35%+55%

Executive Summary

  • Earnings: ROA of 1.04%, down 33 bps year over year; NIM at 4.65%.
  • Asset quality: problem loans at 0.00% of loans (-118 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.11%, down 99 bps from a year ago.
  • Funding: loans stand at 44.03% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.04%-33 bps YoY

Net Interest Margin (YTD, annualized)

4.65%+53 bps YoY

Efficiency Ratio (YTD, annualized)

78.40%+522 bps YoY

Tier 1 Leverage Ratio

9.11%-99 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.30%1.29%1.14%1.04%-33 bps
Return on Equity12.61%11.89%12.11%11.31%10.15%-246 bps
Net Interest Margin4.11%4.22%3.76%4.11%4.65%+53 bps
Efficiency Ratio73.19%73.11%73.56%76.12%78.40%+522 bps
Non-Interest Burden2.14%2.23%2.09%2.67%3.32%+118 bps
Growth
Asset Growth (YoY)-16.57%-8.56%14.93%14.34%11.69%+2,826 bps
Loan Growth (YoY)-1.25%2.02%3.32%4.84%23.26%+2,451 bps
Deposit Growth (YoY)-18.64%-10.30%15.37%20.38%12.26%+3,090 bps
Asset Quality
Nonperforming Loans / Loans1.18%0.00%0.00%0.69%0.00%-118 bps
Net Charge-Offs / Loans-0.02%0.80%0.59%0.00%0.00%+2 bps
Allowance / Loans1.80%1.48%1.46%1.45%1.24%-55 bps
Allowance Coverage of NPLs1.5xn/an/a2.1xn/an/a
Capital
Tier 1 Leverage Ratio10.11%10.06%8.77%8.85%9.11%-99 bps
Total Risk-Based Capital27.59%25.15%27.66%24.55%18.27%-932 bps
Equity / Assets11.05%11.08%9.92%10.31%10.45%-60 bps
Liquidity & Funding
Loans / Deposits40.10%41.26%36.17%37.51%44.03%+393 bps
Liquid Assets / Assets35.68%21.49%30.96%30.03%20.24%-1,544 bps
CRE / Total Capitaln/a234%236%228%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

Western National Bank of Cass Lake

Cass Lake, MN · Cert 5110 · Peer group: banks under $1B in assets in MN (n=111-113) · Western Bcorp Inc.

National charter · OCC · 1 affiliate bank · 1 branch (4 in holding)

Q2 2026

$37.1MAssets
$14.5MLoans
$33.0MDeposits
$3.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 12 of 111).
  • Widest gap: efficiency ratio trails 90% of banks under $1B in assets in MN (rank 103 of 113).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.05%

Rank 68 of 113

Net Interest Margin

4.65%

Rank 10 of 113

Efficiency Ratio

78.40%

Rank 103 of 113

Equity / Assets

10.45%

Rank 54 of 113

Non-interest income vs. expense

$0.5M$1.8MINCOMEEXPENSE
Unfavorable gap of $1.3M · efficiency ratio beats 10% of banks under $1B in assets in MN
Bank 78.40%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.05%0.87%1.20%1.41%Beats 40%68 / 113
Return on Equity10.08%8.92%11.27%13.99%Beats 36%72 / 113
Net Interest Margin4.65%3.42%3.88%4.31%Beats 91%10 / 113
Efficiency Ratio78.40%54.13%61.48%69.86%Beats 10%103 / 113
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.58%1.82%Beats 100%12 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio17.37%11.53%13.31%18.13%Beats 73%31 / 113
Total Risk-Based Capital Ratio18.27%12.12%14.43%19.39%Beats 73%31 / 113
Equity / Assets10.45%8.52%10.10%11.94%Beats 52%54 / 113
Liquidity & Funding
Loans / Deposits44.03%62.08%77.32%88.06%6th pctl104 / 111
Loans / Assets39.19%55.01%66.35%75.50%9th pctl103 / 113
Brokered Deposits / Depositsn/aNot reported for this institution