PackageTrendsPeer
Letter portraitLegal landscape

Western National Bank

Duluth, MN · Cert 5131 · Western Bcorp Inc.

National charter · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

42

Q2 2024Q2 2026peer median (50)

Asset Quality

71

Q2 2024Q2 2026peer median (50)

Profitability

17

Q2 2024Q2 2026peer median (50)

Liquidity

64

Q2 2024Q2 2026peer median

Efficiency

6

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

Duluth, MN · Cert 5131 · Western Bcorp Inc.

National charter · OCC · 1 affiliate bank · 3 branches (4 in holding)

Q2 2026

$135.8MAssets
$93.7MLoans
$108.8MDeposits
$14.3MEquity
Loan mix
90%RE $75.7M8%C&I $6.4M3%Consumer $2.4MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $88.4M19%Noninterest $20.4MQ2 2025Q2 2026

NIM

4.40%Q2 ’245.02%Q2 ’255.18%Q2 ’26+24%-6%

Non-interest income vs. expense

3.33%Q2 ’243.71%Q2 ’253.69%Q2 ’26-1%+8%

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 1.6% share · #10 of 26 inst. · $0.1B of $6.6B

Executive Summary

  • Earnings: ROA of 0.11%, down 48 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (-5 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 8.52%, down 131 bps from a year ago.
  • Funding: loans stand at 86.17% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.11%-48 bps YoY

Net Interest Margin (YTD, annualized)

3.50%-23 bps YoY

Efficiency Ratio (YTD, annualized)

92.94%+958 bps YoY

Tier 1 Leverage Ratio

8.52%-131 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.59%0.57%0.46%-0.17%0.11%-48 bps
Return on Equity4.96%4.88%4.04%-1.56%1.02%-395 bps
Net Interest Margin3.74%3.83%3.68%3.51%3.50%-23 bps
Efficiency Ratio83.36%83.89%85.22%101.23%92.94%+958 bps
Non-Interest Burden2.91%3.02%2.97%3.48%3.15%+24 bps
Growth
Asset Growth (YoY)5.67%5.27%14.60%14.97%8.73%+306 bps
Loan Growth (YoY)14.56%13.49%13.53%14.32%18.18%+362 bps
Deposit Growth (YoY)4.45%2.20%9.39%13.23%4.96%+51 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.05%0.22%0.23%0.00%-5 bps
Net Charge-Offs / Loans0.14%0.11%0.07%0.00%0.04%-11 bps
Allowance / Loans0.93%0.91%0.95%0.98%0.95%+1 bps
Allowance Coverage of NPLs20.5x17.4x4.4x4.3xn/an/a
Capital
Tier 1 Leverage Ratio9.84%9.47%9.26%9.04%8.52%-131 bps
Total Risk-Based Capital15.47%14.57%15.18%13.56%13.22%-226 bps
Equity / Assets11.58%11.36%10.71%10.56%10.56%-102 bps
Liquidity & Funding
Loans / Deposits76.53%77.26%80.12%79.33%86.17%+964 bps
Liquid Assets / Assets14.46%14.31%15.85%18.21%11.96%-250 bps
CRE / Total Capitaln/a400%418%418%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

Duluth, MN · Cert 5131 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Western Bcorp Inc.

National charter · OCC · 1 affiliate bank · 3 branches (4 in holding)

Q2 2026

$135.8MAssets
$93.7MLoans
$108.8MDeposits
$14.3MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 105 of 743).
  • Widest gap: return on assets trails 95% of banks under $1B in assets operating in a single state (rank 705 of 746).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.11%

Rank 705 of 746

Net Interest Margin

3.50%

Rank 449 of 746

Efficiency Ratio

92.94%

Rank 701 of 746

Equity / Assets

10.56%

Rank 365 of 746

Non-interest income vs. expense

$0.7M$5.1MINCOMEEXPENSE
Unfavorable gap of $4.3M · efficiency ratio beats 6% of banks under $1B in assets operating in a single state
Bank 92.94%Peer median 64.6%Q2 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.11%0.72%1.06%1.45%Beats 5%705 / 746
Return on Equity1.02%6.74%10.51%13.63%Beats 6%704 / 746
Net Interest Margin3.50%3.17%3.68%4.16%Beats 40%449 / 746
Efficiency Ratio92.94%55.74%64.58%75.47%Beats 6%701 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 100%105 / 743
Net Charge-Offs / Loans0.02%0.00%0.01%0.05%Beats 42%430 / 743
Capital
Tier 1 Capital Ratio12.27%11.55%13.75%17.60%Beats 34%490 / 746
Total Risk-Based Capital Ratio13.22%11.71%14.33%18.43%Beats 40%450 / 746
Equity / Assets10.56%8.90%10.51%13.06%Beats 51%365 / 746
Liquidity & Funding
Loans / Deposits86.17%61.31%78.27%90.78%66th pctl251 / 746
Loans / Assets69.02%53.60%66.97%76.08%55th pctl334 / 746
Brokered Deposits / Depositsn/aNot reported for this institution