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Watermark Bank

Oklahoma City, OK · Cert 59148

State charter, non-member · FDIC · 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 the Oklahoma City, OK 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 under $1B in assets in the Oklahoma City, OK area (n=25). 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

85

Q2 2024Q2 2026peer median (50)

Asset Quality

84

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

24

Q2 2024Q2 2026peer median

Efficiency

84

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

Watermark Bank

Oklahoma City, OK · Cert 59148

State charter, non-member · FDIC · 1 branch

Q2 2026

$450.5MAssets
$381.0MLoans
$387.4MDeposits
$57.0MEquity
Loan mix
66%RE $226.1M34%C&I $118.7M0%Consumer $0.4MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $311.4M20%Noninterest $76.0MQ2 2025Q2 2026

NIM

6.80%Q2 ’246.68%Q2 ’256.26%Q2 ’26+7%-2%

Non-interest income vs. expense

2.72%Q2 ’242.71%Q2 ’252.38%Q2 ’26-4%-10%

Market Position · Oklahoma City, OK · 2026 SOD (annual) · 0.6% share · #30 of 71 inst. · $0.4B of $60.8B

Executive Summary

  • Earnings: ROA of 1.34%, up 15 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 13.29%, down 131 bps from a year ago.
  • Funding: loans stand at 98.35% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.34%+15 bps YoY

Net Interest Margin (YTD, annualized)

4.12%-7 bps YoY

Efficiency Ratio (YTD, annualized)

55.33%-550 bps YoY

Tier 1 Leverage Ratio

13.29%-131 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.18%1.20%1.20%1.21%1.34%+15 bps
Return on Equity8.64%8.99%8.98%9.25%10.36%+172 bps
Net Interest Margin4.19%4.01%3.79%4.05%4.12%-7 bps
Efficiency Ratio60.83%59.12%58.68%59.75%55.33%-550 bps
Non-Interest Burden2.44%2.28%2.14%2.36%2.20%-25 bps
Growth
Asset Growth (YoY)3.61%13.23%12.48%15.74%26.73%+2,312 bps
Loan Growth (YoY)9.51%8.11%17.65%20.86%26.02%+1,651 bps
Deposit Growth (YoY)2.21%13.65%12.70%16.71%29.72%+2,751 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.02%-0.02%-0.02%-0.02%0 bps
Allowance / Loans1.26%1.25%1.29%1.26%1.25%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.61%13.77%12.99%13.22%13.29%-131 bps
Total Risk-Based Capital16.99%16.09%16.15%15.81%15.36%-163 bps
Equity / Assets14.34%12.61%13.23%12.86%12.64%-170 bps
Liquidity & Funding
Loans / Deposits101.24%91.33%97.74%97.37%98.35%-289 bps
Liquid Assets / Assets1.38%1.48%1.93%1.96%1.91%+53 bps
CRE / Total Capitaln/a271%276%295%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

Watermark Bank

Oklahoma City, OK · Cert 59148 · Peer group: banks under $1B in assets in the Oklahoma City, OK area (n=25)

State charter, non-member · FDIC · 1 branch

Q2 2026

$450.5MAssets
$381.0MLoans
$387.4MDeposits
$57.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in the Oklahoma City, OK area (rank 1 of 25).
  • Widest gap: return on equity trails 40% of banks under $1B in assets in the Oklahoma City, OK area (rank 10 of 25).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

1.27%

Rank 7 of 25

Net Interest Margin

4.12%

Rank 6 of 25

Efficiency Ratio

55.34%

Rank 5 of 25

Equity / Assets

12.64%

Rank 3 of 25

Non-interest income vs. expense

$0.8M$10.3MINCOMEEXPENSE
Unfavorable gap of $9.5M · efficiency ratio beats 84% of banks under $1B in assets in the Oklahoma City, OK area
Bank 55.34%Peer median 63.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.27%0.60%0.90%1.27%Beats 72%7 / 25
Return on Equity10.07%6.92%9.16%13.29%Beats 60%10 / 25
Net Interest Margin4.12%3.56%3.82%4.10%Beats 76%6 / 25
Efficiency Ratio55.34%56.35%63.12%79.22%Beats 84%5 / 25
Asset Quality
Nonperforming Loans / Loans0.00%0.33%0.76%2.35%Beats 100%1 / 25
Net Charge-Offs / Loans0.00%n/a0.00%0.05%Beats 68%9 / 25
Capital
Tier 1 Capital Ratio14.11%10.27%12.02%13.99%Beats 84%4 / 25
Total Risk-Based Capital Ratio15.36%10.27%12.44%15.25%Beats 84%4 / 25
Equity / Assets12.64%8.64%10.07%11.05%Beats 88%3 / 25
Liquidity & Funding
Loans / Deposits98.35%70.71%82.03%97.03%76th pctl6 / 25
Loans / Assets84.56%62.67%74.54%84.24%80th pctl5 / 25
Brokered Deposits / Depositsn/aNot reported for this institution