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Letter portraitLegal landscapeQuarterYTD

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 $1.0MQ3 2024Q2 2026
Deposit mix
55%Interest-bearing $18.3M45%Noninterest $14.8MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%0.97%1.64%1.37%1.30%1.29%1.14%1.04%-33 bps
Return on Equity9.90%10.50%15.25%12.61%11.89%12.11%11.31%10.15%-246 bps
Net Interest Margin3.67%3.97%3.96%4.11%4.22%3.76%4.11%4.65%+53 bps
Efficiency Ratio80.68%79.25%71.62%73.19%73.11%73.56%76.12%78.40%+522 bps
Non-Interest Burden2.49%2.61%1.84%2.14%2.23%2.09%2.67%3.32%+118 bps
Growth
Asset Growth (YoY)9.71%-20.40%-3.57%-16.57%-8.56%14.93%14.34%11.69%+2,826 bps
Loan Growth (YoY)3.08%4.66%0.42%-1.25%2.02%3.32%4.84%23.26%+2,451 bps
Deposit Growth (YoY)9.27%-22.65%-8.68%-18.64%-10.30%15.37%20.38%12.26%+3,090 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.41%0.00%1.18%0.00%0.00%0.69%0.00%-118 bps
Net Charge-Offs / Loans0.00%0.00%0.00%-0.02%0.80%0.59%0.00%0.00%+2 bps
Allowance / Loans1.51%1.51%1.52%1.80%1.48%1.46%1.45%1.24%-55 bps
Allowance Coverage of NPLs20.2x3.7xn/a1.5xn/an/a2.1xn/an/a
Capital
Tier 1 Leverage Ratio8.47%9.14%9.95%10.11%10.06%8.77%8.85%9.11%-99 bps
Total Risk-Based Capital25.67%18.87%9.95%27.59%25.15%27.66%24.55%18.27%-932 bps
Equity / Assets9.69%10.37%11.10%11.05%11.08%9.92%10.31%10.45%-60 bps
Liquidity & Funding
Loans / Deposits36.27%40.38%43.08%40.10%41.26%36.17%37.51%44.03%+393 bps
Liquid Assets / Assets36.24%41.25%33.43%35.68%21.49%30.96%30.03%20.24%-1,544 bps
CRE / Total Capitaln/an/an/an/a234%236%228%n/an/a