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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

4.47%Q2 ’244.77%Q2 ’255.55%Q2 ’26-5%+20%

Non-interest income vs. expense

4.55%Q2 ’245.27%Q2 ’254.78%Q2 ’26-15%+61%

Executive Summary

  • Earnings: ROA of 0.94%, down 17 bps year over year; NIM at 5.10%.
  • 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 (quarter, annualized)

0.94%-17 bps YoY

Net Interest Margin (quarter, annualized)

5.10%+85 bps YoY

Efficiency Ratio (quarter, annualized)

80.70%+587 bps YoY

Tier 1 Leverage Ratio

9.11%-99 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.16%1.32%1.14%0.94%-17 bps
Return on Equity9.99%10.50%12.59%11.31%9.02%-97 bps
Net Interest Margin4.25%4.57%4.18%4.11%5.10%+85 bps
Efficiency Ratio74.83%72.96%74.92%76.12%80.70%+587 bps
Non-Interest Burden2.43%2.51%2.59%2.67%3.90%+148 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-0.03%2.44%0.00%0.00%0.00%+3 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