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Northwestern Mutual Wealth Management Company

Milwaukee, WI · Cert 57093

State savings bank · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in WI3

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 in WI (n=112 to 113). 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

96

Q2 2024Q2 2026peer median (50)

Asset Quality

No peer data yet

Profitability

68

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

7

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

Northwestern Mutual Wealth Management Company

Milwaukee, WI · Cert 57093

State savings bank · OCC · 1 branch

Q2 2026

$557.7MAssets
$0KLoans
$50.5MDeposits
$375.2MEquity
Deposit mix
100%Interest-bearing $50.5M0%Noninterest $0.0MQ3 2024Q2 2026

Market Position · Milwaukee-Waukesha, WI · 2026 SOD (annual) · 0.1% share · #39 of 43 inst. · $0.1B of $79.9B

Executive Summary

  • Earnings: ROA of 38.88%, up 445 bps year over year; NIM at 2.54%.
  • Capital: tier 1 leverage ratio of 54.95%, down 217 bps from a year ago.
  • Funding: loans stand at 0.00% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

38.88%+445 bps YoY

Net Interest Margin (YTD, annualized)

2.54%-11 bps YoY

Efficiency Ratio (YTD, annualized)

90.95%+27 bps YoY

Tier 1 Leverage Ratio

54.95%-217 bps YoY

NIM

3.00%Q2 ’242.86%Q2 ’252.68%Q2 ’26-4%-4%

Non-interest income vs. expense

299%Q2 ’24337%Q2 ’25383%Q2 ’26+8%-11%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets34.91%35.11%34.91%34.43%33.51%34.28%38.76%38.88%+445 bps
Return on Equity51.94%53.17%56.15%53.77%51.23%53.31%63.71%61.55%+778 bps
Net Interest Margin2.76%2.80%2.79%2.64%2.58%2.60%2.63%2.54%-11 bps
Efficiency Ratio89.48%89.92%90.81%90.68%90.82%91.08%91.21%90.95%+27 bps
Non-Interest Burden-30.91%-29.77%-33.34%-32.02%-29.85%-29.19%-36.69%-35.54%-352 bps
Growth
Asset Growth (YoY)14.40%10.06%9.29%8.14%6.51%5.67%5.42%5.13%-301 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio60.30%42.58%54.21%57.12%58.59%39.42%51.36%54.95%-217 bps
Total Risk-Based Capital60.30%42.58%54.21%57.12%58.59%39.42%51.36%54.95%-217 bps
Equity / Assets69.87%60.89%63.31%67.29%68.86%59.49%62.05%67.27%-2 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/a0.00%0.00%0.00%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

Northwestern Mutual Wealth Management Company

Milwaukee, WI · Cert 57093 · Peer group: banks under $1B in assets in WI (n=112-113)

State savings bank · OCC · 1 branch

Q2 2026

$557.7MAssets
$0KLoans
$50.5MDeposits
$375.2MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 99% of banks under $1B in assets in WI (rank 1 of 113).
  • Widest gap: net interest margin trails 95% of banks under $1B in assets in WI (rank 107 of 113).
  • Overall: at or above the peer median on 5 of 7 directional measures.

Return on Assets

35.88%

Rank 1 of 113

Net Interest Margin

2.54%

Rank 107 of 113

Efficiency Ratio

90.95%

Rank 106 of 113

Equity / Assets

67.27%

Rank 3 of 113

Non-interest income vs. expense

$2.9B$2.7BINCOMEEXPENSE
Favorable gap of $0.3B · efficiency ratio beats 7% of banks under $1B in assets in WI
Bank 90.95%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets35.88%0.85%1.17%1.51%Beats 99%1 / 113
Return on Equity53.34%7.70%10.77%13.67%Beats 99%1 / 113
Net Interest Margin2.54%3.19%3.59%3.89%Beats 5%107 / 113
Efficiency Ratio90.95%54.61%62.43%71.88%Beats 7%106 / 113
Asset Quality
Nonperforming Loans / Loansn/aNot reported for this institution
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio54.95%11.22%12.95%15.76%Beats 96%4 / 113
Total Risk-Based Capital Ratio54.95%11.57%13.59%16.73%Beats 96%4 / 113
Equity / Assets67.27%9.17%10.74%13.13%Beats 97%3 / 113
Liquidity & Funding
Loans / Deposits0.00%76.54%86.37%98.93%0th pctl111 / 112
Loans / Assets0.00%63.07%71.33%78.84%0th pctl111 / 113
Brokered Deposits / Depositsn/aNot reported for this institution