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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