Duluth, MN · Cert 5131 · Western Bcorp Inc.
National charter · OCC · 1 affiliate bank · 3 branches (4 in holding)
Q2 2026
Market Position · Duluth, MN-WI · 2026 SOD (annual) · 1.6% share · #10 of 26 inst. · $0.1B of $6.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.22% | 0.30% | 0.38% | 0.59% | 0.57% | 0.46% | -0.17% | 0.11% | -48 bps | |
| Return on Equity | 1.90% | 2.60% | 3.15% | 4.96% | 4.88% | 4.04% | -1.56% | 1.02% | -395 bps | |
| Net Interest Margin | 2.99% | 3.23% | 3.68% | 3.74% | 3.83% | 3.68% | 3.51% | 3.50% | -23 bps | |
| Efficiency Ratio | 92.12% | 88.40% | 88.72% | 83.36% | 83.89% | 85.22% | 101.23% | 92.94% | +958 bps | |
| Non-Interest Burden | 2.66% | 2.73% | 3.11% | 2.91% | 3.02% | 2.97% | 3.48% | 3.15% | +24 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 2.83% | -2.84% | -3.64% | 5.67% | 5.27% | 14.60% | 14.97% | 8.73% | +306 bps | |
| Loan Growth (YoY) | 8.97% | 12.81% | 13.13% | 14.56% | 13.49% | 13.53% | 14.32% | 18.18% | +362 bps | |
| Deposit Growth (YoY) | 1.22% | -8.29% | -8.91% | 4.45% | 2.20% | 9.39% | 13.23% | 4.96% | +51 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.35% | 0.08% | 0.00% | 0.05% | 0.05% | 0.22% | 0.23% | 0.00% | -5 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.32% | 0.14% | 0.11% | 0.07% | 0.00% | 0.04% | -11 bps | |
| Allowance / Loans | 1.02% | 1.06% | 0.98% | 0.93% | 0.91% | 0.95% | 0.98% | 0.95% | +1 bps | |
| Allowance Coverage of NPLs | 2.9x | 13.3x | n/a | 20.5x | 17.4x | 4.4x | 4.3x | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.29% | 9.61% | 9.96% | 9.84% | 9.47% | 9.26% | 9.04% | 8.52% | -131 bps | |
| Total Risk-Based Capital | 15.77% | 15.44% | 9.96% | 15.47% | 14.57% | 15.18% | 13.56% | 13.22% | -226 bps | |
| Equity / Assets | 11.58% | 11.87% | 12.06% | 11.58% | 11.36% | 10.71% | 10.56% | 10.56% | -102 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 69.57% | 77.20% | 78.57% | 76.53% | 77.26% | 80.12% | 79.33% | 86.17% | +964 bps | |
| Liquid Assets / Assets | 15.81% | 13.70% | 12.81% | 14.46% | 14.31% | 15.85% | 18.21% | 11.96% | -250 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 400% | 418% | 418% | n/a | n/a | |