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Pillar Bank

Baldwin, WI · Cert 5336 · Baldwin Bancshares Inc.

State charter, Fed member · FED · 7 branches

Q2 2026

$267.0MAssets
$156.7MLoans
$195.8MDeposits
$21.0MEquity
Loan mix
87%RE $108.9M10%C&I $12.8M3%Consumer $3.9MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $144.8M26%Noninterest $51.0MQ2 2025Q2 2026

NIM

4.60%Q2 ’244.94%Q2 ’255.00%Q2 ’26+17%+7%

Non-interest income vs. expense

2.71%Q2 ’242.89%Q2 ’252.86%Q2 ’26+8%-1%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #75 of 125 inst. · $0.2B of $253.2B

5.2% St. Croix
5.7% Pierce
3.3% Polk
0.9% Chippewa

Executive Summary

  • Earnings: ROA of 0.97%, up 21 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.92% of loans (-35 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 9.99%, up 64 bps from a year ago.
  • Funding: loans stand at 80.05% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.97%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.81%+24 bps YoY

Efficiency Ratio (YTD, annualized)

70.11%-520 bps YoY

Tier 1 Leverage Ratio

9.99%+64 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.76%0.66%0.62%0.98%0.97%+21 bps
Return on Equity12.01%10.14%9.34%13.22%12.78%+77 bps
Net Interest Margin3.56%3.46%3.52%3.70%3.81%+24 bps
Efficiency Ratio75.31%78.30%78.11%69.69%70.11%-520 bps
Non-Interest Burden2.60%2.64%2.67%2.47%2.57%-3 bps
Growth
Asset Growth (YoY)2.99%2.31%1.85%3.04%0.62%-237 bps
Loan Growth (YoY)2.44%4.59%7.89%7.67%0.80%-164 bps
Deposit Growth (YoY)-0.42%-4.03%-1.65%-0.56%4.00%+442 bps
Asset Quality
Nonperforming Loans / Loans1.27%1.12%0.57%0.72%0.92%-35 bps
Net Charge-Offs / Loans0.00%0.00%-0.19%-0.02%-0.05%-5 bps
Allowance / Loans1.15%1.15%1.30%1.33%1.35%+20 bps
Allowance Coverage of NPLs0.9x1.0x2.3x1.9x1.5x+0.6x
Capital
Tier 1 Leverage Ratio9.34%9.22%9.33%9.50%9.99%+64 bps
Total Risk-Based Capital13.99%9.22%9.33%9.50%9.99%-400 bps
Equity / Assets6.59%6.94%7.35%7.53%7.86%+127 bps
Liquidity & Funding
Loans / Deposits82.60%84.35%81.85%80.18%80.05%-254 bps
Liquid Assets / Assets9.64%9.54%9.59%12.29%12.74%+310 bps
CRE / Total Capitaln/a208%214%197.24%n/an/a