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Goldwater Bank, National Association

Phoenix, AZ · Cert 58405 · Goldwater Bcorp Inc.

National charter · OCC · 2 branches

Q2 2026

$551.9MAssets
$457.6MLoans
$408.3MDeposits
$59.6MEquity
Loan mix
97%RE $417.3M3%C&I $13.1M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $282.2M31%Noninterest $126.1MQ2 2025Q2 2026

NIM

5.63%Q2 ’246.16%Q2 ’255.65%Q2 ’26+2%-15%

Non-interest income vs. expense

4.49%Q2 ’243.45%Q2 ’253.08%Q2 ’26+2%-15%

Market Position · Phoenix-Mesa-Chandler, AZ · 2026 SOD (annual) · 0.2% share · #26 of 55 inst. · $0.3B of $192.0B

0.2% Maricopa
1.5% Mohave

Executive Summary

  • Earnings: ROA of 0.99%, up 2 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 4.14% of loans (+145 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 11.13%, down 114 bps from a year ago.
  • Funding: loans stand at 112.07% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.99%+2 bps YoY

Net Interest Margin (quarter, annualized)

3.24%-55 bps YoY

Efficiency Ratio (quarter, annualized)

73.45%+54 bps YoY

Tier 1 Leverage Ratio

11.13%-114 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.97%0.57%0.56%0.25%0.99%+2 bps
Return on Equity7.76%4.52%4.72%2.25%9.03%+127 bps
Net Interest Margin3.79%3.62%3.50%3.35%3.24%-55 bps
Efficiency Ratio72.91%78.75%76.55%83.69%73.45%+54 bps
Non-Interest Burden2.51%2.72%2.55%2.71%2.13%-38 bps
Growth
Asset Growth (YoY)3.40%3.10%15.93%12.27%20.92%+1,752 bps
Loan Growth (YoY)2.79%8.03%5.73%9.35%11.02%+823 bps
Deposit Growth (YoY)7.05%3.44%19.72%12.30%23.39%+1,634 bps
Asset Quality
Nonperforming Loans / Loans2.69%3.39%3.54%4.31%4.14%+145 bps
Net Charge-Offs / Loans0.03%0.10%0.00%0.03%0.07%+4 bps
Allowance / Loans1.25%1.21%1.30%1.37%1.19%-6 bps
Allowance Coverage of NPLs0.5x0.4x0.4x0.3x0.3x-0.2x
Capital
Tier 1 Leverage Ratio12.27%12.20%11.46%11.36%11.13%-114 bps
Total Risk-Based Capital12.27%12.20%11.46%11.36%11.13%-114 bps
Equity / Assets12.69%12.34%11.26%11.13%10.80%-189 bps
Liquidity & Funding
Loans / Deposits124.55%122.22%115.30%111.76%112.07%-1,248 bps
Liquid Assets / Assets5.73%6.52%4.54%5.26%4.71%-102 bps
CRE / Total Capitaln/a264%273%282%n/an/a