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Waterfall Bank

Clearwater, FL · Cert 59265 · Waterfall Bcorp Inc.

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 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 under $1B in assets (n=581 to 629). 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

55

Q2 2024Q2 2026peer median (50)

Asset Quality

53

Q2 2024Q2 2026peer median (50)

Profitability

16

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

9

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

Waterfall Bank

Clearwater, FL · Cert 59265 · Waterfall Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$409.9MAssets
$380.1MLoans
$330.3MDeposits
$52.8MEquity
Loan mix
84%RE $319.6M16%C&I $61.3M0%Consumer $0.4MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $295.8M10%Noninterest $34.6MQ2 2025Q2 2026

NIM

6.19%Q2 ’246.02%Q2 ’256.01%Q2 ’26-10%+8%

Non-interest income vs. expense

3.07%Q2 ’242.51%Q2 ’253.22%Q2 ’26-19%+26%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2026 SOD (annual) · 0.3% share · #30 of 60 inst. · $0.3B of $131.5B

Executive Summary

  • Earnings: ROA of -0.03%, down 18 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.03% of loans (+3 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 12.64%, down 44 bps from a year ago.
  • Funding: loans stand at 115.07% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.03%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.22%+24 bps YoY

Efficiency Ratio (YTD, annualized)

95.61%+1,312 bps YoY

Tier 1 Leverage Ratio

12.64%-44 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.15%0.15%0.18%-0.11%-0.03%-18 bps
Return on Equity1.10%1.15%1.37%-0.83%-0.26%-136 bps
Net Interest Margin2.98%2.87%2.87%3.17%3.22%+24 bps
Efficiency Ratio82.49%80.02%80.81%97.57%95.61%+1,312 bps
Non-Interest Burden2.44%2.28%2.30%3.09%3.07%+63 bps
Growth
Asset Growth (YoY)51.43%46.12%43.79%34.00%17.10%-3,433 bps
Loan Growth (YoY)46.47%43.27%39.87%45.46%31.13%-1,534 bps
Deposit Growth (YoY)62.52%42.92%25.93%26.50%8.03%-5,449 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.17%0.03%+3 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.15%+15 bps
Allowance / Loans0.81%0.85%0.86%0.86%0.83%+3 bps
Allowance Coverage of NPLsn/an/an/a5.0x31.6xn/a
Capital
Tier 1 Leverage Ratio13.09%14.72%13.89%12.93%12.64%-44 bps
Total Risk-Based Capital14.29%15.96%14.56%13.86%14.27%-3 bps
Equity / Assets12.07%13.58%12.94%12.51%12.89%+81 bps
Liquidity & Funding
Loans / Deposits94.79%104.65%116.87%111.15%115.07%+2,027 bps
Liquid Assets / Assets10.54%8.84%7.34%4.90%2.47%-808 bps
CRE / Total Capitaln/a478%532%553%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

Waterfall Bank

Clearwater, FL · Cert 59265 · Peer group: banks under $1B in assets (n=581-629) · Waterfall Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$409.9MAssets
$380.1MLoans
$330.3MDeposits
$52.8MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 83% of banks under $1B in assets (rank 97 of 581).
  • Widest gap: return on equity trails 92% of banks under $1B in assets (rank 577 of 629).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

-0.03%

Rank 578 of 629

Net Interest Margin

3.22%

Rank 421 of 629

Efficiency Ratio

95.61%

Rank 576 of 629

Equity / Assets

12.89%

Rank 189 of 629

Non-interest income vs. expense

$0.6M$13.5MINCOMEEXPENSE
Unfavorable gap of $12.9M · efficiency ratio beats 9% of banks under $1B in assets
Bank 95.61%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.03%0.60%1.01%1.45%Beats 8%578 / 629
Return on Equity-0.27%5.38%9.30%13.28%Beats 8%577 / 629
Net Interest Margin3.22%3.03%3.54%4.05%Beats 33%421 / 629
Efficiency Ratio95.61%58.35%67.79%79.08%Beats 9%576 / 629
Asset Quality
Nonperforming Loans / Loans0.03%0.09%0.46%1.20%Beats 83%97 / 581
Net Charge-Offs / Loans0.07%n/a0.01%0.06%Beats 23%450 / 581
Capital
Tier 1 Capital Ratio13.45%11.24%13.84%18.77%Beats 47%334 / 629
Total Risk-Based Capital Ratio14.27%11.58%14.43%19.66%Beats 48%324 / 629
Equity / Assets12.89%9.09%10.65%13.80%Beats 70%189 / 629
Liquidity & Funding
Loans / Deposits115.07%67.24%80.90%93.48%97th pctl16 / 594
Loans / Assets92.72%53.31%67.71%78.15%100th pctl2 / 629
Brokered Deposits / Depositsn/aNot reported for this institution