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WSB Municipal Bank

Watertown, NY · Cert 7274

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=594 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

65

Q2 2024Q2 2026peer median (50)

Asset Quality

No peer data yet

Profitability

67

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

100

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

WSB Municipal Bank

Watertown, NY · Cert 7274

State charter, non-member · FDIC · 1 branch

Q2 2026

$152.3MAssets
$0KLoans
$98.5MDeposits
$23.4MEquity
Deposit mix
57%Interest-bearing $56.1M43%Noninterest $42.3MQ3 2024Q2 2026

Market Position · Watertown-Fort Drum, NY · 2026 SOD (annual) · 4.6% share · #5 of 8 inst. · $0.1B of $2.2B

Executive Summary

  • Earnings: ROA of 2.37%, up 88 bps year over year; NIM at 2.95%.
  • Capital: tier 1 leverage ratio of 15.23%, up 158 bps from a year ago.
  • Funding: loans stand at 0.00% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.37%+88 bps YoY

Net Interest Margin (YTD, annualized)

2.95%+104 bps YoY

Efficiency Ratio (YTD, annualized)

2.19%-153 bps YoY

Tier 1 Leverage Ratio

15.23%+158 bps YoY

NIM

1.37%Q2 ’242.39%Q2 ’253.37%Q2 ’26+102%+55%

Non-interest income vs. expense

0.07%Q2 ’240.07%Q2 ’250.06%Q2 ’26-1%-9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.90%1.35%1.49%1.62%1.78%2.01%2.37%+88 bps
Return on Equity8.09%9.10%11.39%12.05%12.72%13.54%13.74%15.91%+386 bps
Net Interest Margin0.98%1.11%1.75%1.91%2.04%2.20%2.60%2.95%+104 bps
Efficiency Ratio7.25%6.26%4.30%3.72%3.47%3.17%2.73%2.19%-153 bps
Non-Interest Burden0.07%0.07%0.08%0.07%0.07%0.07%0.07%0.06%-1 bps
Growth
Asset Growth (YoY)-3.44%-0.26%2.85%2.25%1.58%2.84%2.79%1.19%-106 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)12.54%9.26%-1.71%-7.63%-10.44%-9.53%-1.78%-5.98%+165 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.25%12.68%13.33%13.64%13.83%14.56%14.89%15.23%+158 bps
Total Risk-Based Capital12.25%12.68%13.33%13.64%13.83%14.56%14.89%15.23%+158 bps
Equity / Assets11.22%11.41%12.22%13.37%14.03%14.72%14.52%15.38%+202 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets5.58%5.86%5.63%5.79%3.25%5.78%4.15%4.24%-154 bps
CRE / Total Capitaln/an/an/an/a0.00%0.00%0.00%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

WSB Municipal Bank

Watertown, NY · Cert 7274 · Peer group: banks under $1B in assets (n=594-629)

State charter, non-member · FDIC · 1 branch

Q2 2026

$152.3MAssets
$0KLoans
$98.5MDeposits
$23.4MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 100% of banks under $1B in assets (rank 1 of 629).
  • Widest gap: net interest margin trails 77% of banks under $1B in assets (rank 487 of 629).
  • Overall: at or above the peer median on 6 of 7 directional measures.

Return on Assets

2.40%

Rank 54 of 629

Net Interest Margin

2.95%

Rank 487 of 629

Efficiency Ratio

2.19%

Rank 1 of 629

Equity / Assets

15.38%

Rank 129 of 629

Non-interest income vs. expense

$0K$104KINCOMEEXPENSE
Unfavorable gap of $104K · efficiency ratio beats 100% of banks under $1B in assets
Bank 2.19%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.40%0.60%1.01%1.45%Beats 91%54 / 629
Return on Equity15.60%5.38%9.30%13.28%Beats 86%89 / 629
Net Interest Margin2.95%3.03%3.54%4.05%Beats 23%487 / 629
Efficiency Ratio2.19%58.35%67.79%79.08%Beats 100%1 / 629
Asset Quality
Nonperforming Loans / Loansn/aNot reported for this institution
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio15.23%11.24%13.84%18.77%Beats 61%243 / 629
Total Risk-Based Capital Ratio15.23%11.58%14.43%19.66%Beats 55%284 / 629
Equity / Assets15.38%9.09%10.65%13.80%Beats 79%129 / 629
Liquidity & Funding
Loans / Deposits0.00%67.24%80.90%93.48%0th pctl582 / 594
Loans / Assets0.00%53.31%67.71%78.15%0th pctl582 / 629
Brokered Deposits / Depositsn/aNot reported for this institution