PackageTrendsPeer
Letter portraitLegal landscape

State Bank of the Lakes, National Association

Antioch, IL · Cert 5744 · Wintrust Financial Corp.

National charter · OCC · 10 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets in the Chicago-Naperville-Elgin, IL-IN area3

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 $1B-$10B in assets in the Chicago-Naperville-Elgin, IL-IN area (n=31). 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

24

Q2 2024Q2 2026peer median (50)

Asset Quality

66

Q2 2024Q2 2026peer median (50)

Profitability

30

Q2 2024Q2 2026peer median (50)

Liquidity

99

Q2 2024Q2 2026peer median

Efficiency

77

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 2026-10-12

State Bank of the Lakes, National Association

Antioch, IL · Cert 5744 · Wintrust Financial Corp.

National charter · OCC · 15 affiliate banks · 10 branches (213 in holding)

Q2 2026

$2.8BAssets
$2.1BLoans
$2.4BDeposits
$285.3MEquity
Loan mix
35%RE $648.9M42%C&I $770.7M23%Consumer $418.1MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $2.1B12%Noninterest $0.3BQ2 2025Q2 2026

NIM

5.54%Q2 ’245.18%Q2 ’254.91%Q2 ’26-6%-8%

Non-interest income vs. expense

1.52%Q2 ’241.43%Q2 ’251.18%Q2 ’26-9%-18%

Market Position · Chicago-Naperville-Elgin, IL-IN · 2026 SOD (annual) · 0.3% share · #36 of 147 inst. · $2.1B of $630.7B

6.2% Lake
6.3% Kenosha
1.6% McHenry
2.3% Walworth

Executive Summary

  • Earnings: ROA of 1.43%, down 2 bps year over year; NIM at 2.94%.
  • Asset quality: problem loans at 0.18% of loans (+6 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 9.05%, down 81 bps from a year ago.
  • Funding: loans stand at 87.74% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.43%-2 bps YoY

Net Interest Margin (YTD, annualized)

2.94%-24 bps YoY

Efficiency Ratio (YTD, annualized)

37.25%-427 bps YoY

Tier 1 Leverage Ratio

9.05%-81 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.45%1.49%1.47%1.51%1.43%-2 bps
Return on Equity12.61%13.00%12.91%14.07%13.56%+95 bps
Net Interest Margin3.18%3.08%3.05%3.08%2.94%-24 bps
Efficiency Ratio41.52%40.35%39.19%38.12%37.25%-427 bps
Non-Interest Burden1.09%1.02%0.94%0.95%0.89%-20 bps
Growth
Asset Growth (YoY)9.78%12.09%15.98%25.01%20.69%+1,091 bps
Loan Growth (YoY)11.47%10.63%11.94%19.80%14.23%+276 bps
Deposit Growth (YoY)10.12%13.13%16.30%27.14%20.68%+1,056 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.12%0.14%0.11%0.18%+6 bps
Net Charge-Offs / Loans0.03%0.03%0.05%0.06%0.07%+4 bps
Allowance / Loans0.47%0.47%0.50%0.48%0.55%+8 bps
Allowance Coverage of NPLs3.8x3.9x3.6x4.5x3.0x-0.8x
Capital
Tier 1 Leverage Ratio9.85%9.71%9.85%9.37%9.05%-81 bps
Total Risk-Based Capital11.35%11.83%12.02%11.33%11.37%+2 bps
Equity / Assets11.14%11.32%11.17%10.30%10.15%-99 bps
Liquidity & Funding
Loans / Deposits92.70%90.69%90.10%88.24%87.74%-496 bps
Liquid Assets / Assets7.75%9.78%7.85%7.55%8.48%+73 bps
CRE / Total Capitaln/a169.96%168.88%179.11%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 2026-10-12

State Bank of the Lakes, National Association

Antioch, IL · Cert 5744 · Peer group: banks $1B-$10B in assets in the Chicago-Naperville-Elgin, IL-IN area (n=31) · Wintrust Financial Corp.

National charter · OCC · 15 affiliate banks · 10 branches (213 in holding)

Q2 2026

$2.8BAssets
$2.1BLoans
$2.4BDeposits
$285.3MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 77% of banks $1B-$10B in assets in the Chicago-Naperville-Elgin, IL-IN area (rank 8 of 31).
  • Widest gap: tier 1 capital ratio trails 90% of banks $1B-$10B in assets in the Chicago-Naperville-Elgin, IL-IN area (rank 28 of 31).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.35%

Rank 20 of 31

Net Interest Margin

2.94%

Rank 28 of 31

Efficiency Ratio

37.25%

Rank 8 of 31

Equity / Assets

10.15%

Rank 16 of 31

Non-interest income vs. expense

$8.1M$32.3MINCOMEEXPENSE
Unfavorable gap of $24.3M · efficiency ratio beats 77% of banks $1B-$10B in assets in the Chicago-Naperville-Elgin, IL-IN area
Bank 37.25%Peer median 50.7%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.35%1.15%1.39%1.64%Beats 35%20 / 31
Return on Equity13.34%11.05%13.35%16.66%Beats 45%17 / 31
Net Interest Margin2.94%3.00%3.28%3.75%Beats 10%28 / 31
Efficiency Ratio37.25%37.25%50.71%61.60%Beats 77%8 / 31
Asset Quality
Nonperforming Loans / Loans0.18%0.18%0.41%1.00%Beats 77%8 / 31
Net Charge-Offs / Loans0.04%0.00%0.04%0.11%Beats 55%15 / 31
Capital
Tier 1 Capital Ratio10.75%10.88%11.50%13.72%Beats 10%28 / 31
Total Risk-Based Capital Ratio11.37%11.53%12.02%14.77%Beats 13%27 / 31
Equity / Assets10.15%8.90%10.15%11.24%Beats 48%16 / 31
Liquidity & Funding
Loans / Deposits87.74%80.56%87.67%94.53%52nd pctl15 / 31
Loans / Assets74.31%67.81%73.77%76.85%55th pctl14 / 31
Brokered Deposits / Depositsn/aNot reported for this institution