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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 $6.4MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $1.3B17%Noninterest $0.3BQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.05%1.13%1.10%1.24%1.29%+24 bps
Return on Equity11.86%12.55%11.92%12.21%12.68%+81 bps
Net Interest Margin2.88%2.91%2.99%3.09%3.18%+30 bps
Efficiency Ratio53.45%52.51%55.19%51.95%49.52%-393 bps
Non-Interest Burden1.39%1.39%1.51%1.46%1.42%+3 bps
Growth
Asset Growth (YoY)-1.89%-0.37%1.09%-2.75%2.46%+434 bps
Loan Growth (YoY)-0.76%4.14%2.89%1.63%3.62%+438 bps
Deposit Growth (YoY)-1.76%0.23%-0.54%-4.52%3.52%+527 bps
Asset Quality
Nonperforming Loans / Loans0.35%0.48%0.63%1.07%0.68%+34 bps
Net Charge-Offs / Loans0.93%0.58%0.45%0.00%-0.08%-100 bps
Allowance / Loans1.14%1.17%1.24%1.27%1.33%+19 bps
Allowance Coverage of NPLs3.3x2.4x2.0x1.2x1.9x-1.4x
Capital
Tier 1 Leverage Ratio9.55%9.60%9.88%10.36%10.45%+89 bps
Total Risk-Based Capital11.87%12.03%12.32%12.83%12.61%+74 bps
Equity / Assets9.20%9.44%10.10%10.22%10.13%+93 bps
Liquidity & Funding
Loans / Deposits89.56%89.47%90.36%89.60%89.65%+9 bps
Liquid Assets / Assets0.98%1.82%1.16%2.34%2.34%+136 bps
CRE / Total Capitaln/a475%441%426%n/an/a