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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 $42.3MQ2 2025Q2 2026

NIM

1.51%Q2 ’242.57%Q2 ’253.71%Q2 ’26+104%+62%

Non-interest income vs. expense

0.07%Q2 ’240.07%Q2 ’250.06%Q2 ’26+1%-11%

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 2.70%, up 108 bps year over year; NIM at 3.35%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

2.70%+108 bps YoY

Net Interest Margin (quarter, annualized)

3.35%+128 bps YoY

Efficiency Ratio (quarter, annualized)

1.78%-146 bps YoY

Tier 1 Leverage Ratio

15.23%+158 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.61%1.90%2.25%2.01%2.70%+108 bps
Return on Equity12.61%13.89%15.67%13.74%18.05%+544 bps
Net Interest Margin2.07%2.38%2.62%2.60%3.35%+128 bps
Efficiency Ratio3.24%3.08%2.44%2.73%1.78%-146 bps
Non-Interest Burden0.07%0.07%0.06%0.07%0.06%-1 bps
Growth
Asset Growth (YoY)2.25%1.58%2.84%2.79%1.19%-106 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)-7.63%-10.44%-9.53%-1.78%-5.98%+165 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio13.64%13.83%14.56%14.89%15.23%+158 bps
Total Risk-Based Capital13.64%13.83%14.56%14.89%15.23%+158 bps
Equity / Assets13.37%14.03%14.72%14.52%15.38%+202 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets5.79%3.25%5.78%4.15%4.24%-154 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/an/a