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Waterford Bank, NA

Toledo, OH · Cert 58433 · Waterford Bcorp Inc.

National charter · OCC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 (n=322 to 328). 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

31

Q2 2024Q2 2026peer median (50)

Asset Quality

70

Q2 2024Q2 2026peer median (50)

Profitability

48

Q2 2024Q2 2026peer median (50)

Liquidity

87

Q2 2024Q2 2026peer median

Efficiency

80

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

Waterford Bank, NA

Toledo, OH · Cert 58433 · Waterford Bcorp Inc.

National charter · OCC · 4 branches

Q2 2026

$1.8BAssets
$1.4BLoans
$1.6BDeposits
$179.4MEquity
Loan mix
65%RE $842.8M34%C&I $447.1M0%Consumer $6.4MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $1.3B17%Noninterest $0.3BQ3 2024Q2 2026

Market Position · Toledo, OH · 2026 SOD (annual) · 7.9% share · #4 of 22 inst. · $1.3B of $16.1B

10.5% Lucas
0.4% Oakland
1.9% Wood

Executive Summary

  • Earnings: ROA of 1.29%, up 24 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.68% of loans (+34 bps YoY), with net recoveries of 0.08%.
  • Capital: tier 1 leverage ratio of 10.45%, up 89 bps from a year ago.
  • Funding: loans stand at 89.65% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.29%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.18%+30 bps YoY

Efficiency Ratio (YTD, annualized)

49.52%-393 bps YoY

Tier 1 Leverage Ratio

10.45%+89 bps YoY

NIM

5.00%Q2 ’245.03%Q2 ’255.10%Q2 ’26+21%+10%

Non-interest income vs. expense

1.60%Q2 ’241.70%Q2 ’251.71%Q2 ’26+1%+2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.87%0.72%0.94%1.05%1.13%1.10%1.24%1.29%+24 bps
Return on Equity10.58%8.66%10.90%11.86%12.55%11.92%12.21%12.68%+81 bps
Net Interest Margin2.47%2.60%2.80%2.88%2.91%2.99%3.09%3.18%+30 bps
Efficiency Ratio58.79%58.07%56.85%53.45%52.51%55.19%51.95%49.52%-393 bps
Non-Interest Burden1.35%1.41%1.48%1.39%1.39%1.51%1.46%1.42%+3 bps
Growth
Asset Growth (YoY)6.42%0.09%1.64%-1.89%-0.37%1.09%-2.75%2.46%+434 bps
Loan Growth (YoY)5.81%2.25%-0.12%-0.76%4.14%2.89%1.63%3.62%+438 bps
Deposit Growth (YoY)4.25%3.75%2.37%-1.76%0.23%-0.54%-4.52%3.52%+527 bps
Asset Quality
Nonperforming Loans / Loans0.00%1.07%0.39%0.35%0.48%0.63%1.07%0.68%+34 bps
Net Charge-Offs / Loans0.01%0.01%1.79%0.93%0.58%0.45%0.00%-0.08%-100 bps
Allowance / Loans1.16%1.53%1.11%1.14%1.17%1.24%1.27%1.33%+19 bps
Allowance Coverage of NPLsn/a1.4x2.9x3.3x2.4x2.0x1.2x1.9x-1.4x
Capital
Tier 1 Leverage Ratio9.10%9.20%9.41%9.55%9.60%9.88%10.36%10.45%+89 bps
Total Risk-Based Capital11.73%12.06%11.77%11.87%12.03%12.32%12.83%12.61%+74 bps
Equity / Assets8.73%8.66%8.64%9.20%9.44%10.10%10.22%10.13%+93 bps
Liquidity & Funding
Loans / Deposits86.10%87.35%84.18%89.56%89.47%90.36%89.60%89.65%+9 bps
Liquid Assets / Assets3.05%1.28%4.66%0.98%1.82%1.16%2.34%2.34%+136 bps
CRE / Total Capitaln/an/an/an/a475%441%426%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

Waterford Bank, NA

Toledo, OH · Cert 58433 · Peer group: banks $1B-$10B in assets (n=322-328) · Waterford Bcorp Inc.

National charter · OCC · 4 branches

Q2 2026

$1.8BAssets
$1.4BLoans
$1.6BDeposits
$179.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks $1B-$10B in assets (rank 18 of 322).
  • Widest gap: tier 1 capital ratio trails 79% of banks $1B-$10B in assets (rank 258 of 328).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.26%

Rank 153 of 328

Net Interest Margin

3.18%

Rank 218 of 328

Efficiency Ratio

49.74%

Rank 66 of 328

Equity / Assets

10.13%

Rank 174 of 328

Non-interest income vs. expense

$5.0M$30.4MINCOMEEXPENSE
Unfavorable gap of $25.4M · efficiency ratio beats 80% of banks $1B-$10B in assets
Bank 49.74%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.26%0.91%1.22%1.52%Beats 53%153 / 328
Return on Equity12.42%8.43%11.45%14.43%Beats 57%140 / 328
Net Interest Margin3.18%3.03%3.45%3.83%Beats 34%218 / 328
Efficiency Ratio49.74%51.61%59.56%67.53%Beats 80%66 / 328
Asset Quality
Nonperforming Loans / Loans0.68%0.24%0.51%1.03%Beats 39%198 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 100%18 / 322
Capital
Tier 1 Capital Ratio11.43%11.75%13.15%15.47%Beats 21%258 / 328
Total Risk-Based Capital Ratio12.61%12.63%14.15%16.46%Beats 25%247 / 328
Equity / Assets10.13%9.15%10.33%12.01%Beats 47%174 / 328
Liquidity & Funding
Loans / Deposits89.65%76.63%87.92%95.36%54th pctl150 / 323
Loans / Assets79.13%65.18%74.15%79.98%72nd pctl93 / 328
Brokered Deposits / Depositsn/aNot reported for this institution