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Highland State Bank

Highland, WI · Cert 6198 · Southwestern WI Bancshares 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 assets in WI3

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 WI (n=110 to 113). 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

43

Q2 2024Q2 2026peer median (50)

Asset Quality

54

Q2 2024Q2 2026peer median (50)

Profitability

35

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

37

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

Highland State Bank

Highland, WI · Cert 6198 · Southwestern WI Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$44.9MAssets
$17.5MLoans
$38.7MDeposits
$5.5MEquity
Loan mix
84%RE $14.3M5%C&I $0.9M10%Consumer $1.8MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $29.3M24%Noninterest $9.4MQ2 2025Q2 2026

NIM

3.86%Q2 ’244.14%Q2 ’254.27%Q2 ’26+8%+4%

Non-interest income vs. expense

2.63%Q2 ’242.46%Q2 ’252.46%Q2 ’26-10%+3%

Market Position · Madison, WI · 2026 SOD (annual) · 0.1% share · #39 of 41 inst. · $0.0B of $30.1B

Executive Summary

  • Earnings: ROA of 1.04%, up 7 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 2.31% of loans (+231 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.98%, up 5 bps from a year ago.
  • Funding: loans stand at 45.33% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.04%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+12 bps YoY

Efficiency Ratio (YTD, annualized)

67.03%-102 bps YoY

Tier 1 Leverage Ratio

11.98%+5 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.97%0.94%0.90%1.12%1.04%+7 bps
Return on Equity8.24%7.99%7.74%9.93%8.97%+73 bps
Net Interest Margin3.21%3.23%3.20%3.30%3.33%+12 bps
Efficiency Ratio68.05%68.48%69.82%67.30%67.03%-102 bps
Non-Interest Burden2.05%2.09%2.12%2.10%2.12%+7 bps
Growth
Asset Growth (YoY)6.58%4.84%11.34%10.72%3.91%-267 bps
Loan Growth (YoY)2.86%-2.84%1.07%-1.81%-7.67%-1,053 bps
Deposit Growth (YoY)6.71%4.68%12.09%11.40%3.50%-321 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%2.16%2.25%2.31%+231 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.98%2.06%2.01%2.10%2.15%+16 bps
Allowance Coverage of NPLsn/an/a0.9x0.9x0.9xn/a
Capital
Tier 1 Leverage Ratio11.93%11.95%11.73%11.84%11.98%+5 bps
Total Risk-Based Capital11.93%11.95%11.73%11.84%11.98%+5 bps
Equity / Assets11.83%11.79%10.96%11.52%12.20%+37 bps
Liquidity & Funding
Loans / Deposits50.82%48.10%44.39%43.94%45.33%-548 bps
Liquid Assets / Assets49.61%52.88%55.49%55.78%55.01%+540 bps
CRE / Total Capitaln/a20.08%33.57%32.68%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

Highland State Bank

Highland, WI · Cert 6198 · Peer group: banks under $1B in assets in WI (n=110-113) · Southwestern WI Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$44.9MAssets
$17.5MLoans
$38.7MDeposits
$5.5MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in WI (rank 37 of 110).
  • Widest gap: nonperforming loans / loans trails 92% of banks under $1B in assets in WI (rank 102 of 110).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

1.08%

Rank 69 of 113

Net Interest Margin

3.33%

Rank 74 of 113

Efficiency Ratio

67.03%

Rank 72 of 113

Equity / Assets

12.20%

Rank 38 of 113

Non-interest income vs. expense

$0.2M$1.1MINCOMEEXPENSE
Unfavorable gap of $1.0M · efficiency ratio beats 37% of banks under $1B in assets in WI
Bank 67.03%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.08%0.85%1.17%1.51%Beats 39%69 / 113
Return on Equity8.84%7.70%10.77%13.67%Beats 30%79 / 113
Net Interest Margin3.33%3.19%3.59%3.89%Beats 35%74 / 113
Efficiency Ratio67.03%54.61%62.43%71.88%Beats 37%72 / 113
Asset Quality
Nonperforming Loans / Loans2.31%0.03%0.24%0.91%Beats 8%102 / 110
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 100%37 / 110
Capital
Tier 1 Capital Ratio11.98%11.22%12.95%15.76%Beats 35%74 / 113
Total Risk-Based Capital Ratio11.98%11.57%13.59%16.73%Beats 29%80 / 113
Equity / Assets12.20%9.17%10.74%13.13%Beats 66%38 / 113
Liquidity & Funding
Loans / Deposits45.33%76.54%86.37%98.93%3rd pctl109 / 112
Loans / Assets39.12%63.07%71.33%78.84%4th pctl109 / 113
Brokered Deposits / Depositsn/aNot reported for this institution