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White State Bank

South English, IA · Cert 8519 · Country Bcorp

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

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 IA (n=134 to 135). 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

31

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

67

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

91

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

White State Bank

South English, IA · Cert 8519 · Country Bcorp

State charter, non-member · FDIC · 3 affiliate banks · 3 branches (12 in holding)

Q2 2026

$109.0MAssets
$38.1MLoans
$96.4MDeposits
$12.0MEquity
Loan mix
79%RE $23.7M15%C&I $4.3M6%Consumer $1.9MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $71.4M26%Noninterest $25.0MQ3 2024Q2 2026

Market Position · Iowa City, IA · 2026 SOD (annual) · 0.5% share · #15 of 20 inst. · $0.0B of $5.9B

12.2% Keokuk
2.9% Washington
4.1% Henry

Executive Summary

  • Earnings: ROA of 1.62%, up 31 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 1.31% of loans (+131 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 11.16%, down 10 bps from a year ago.
  • Funding: loans stand at 39.50% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.62%+31 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+11 bps YoY

Efficiency Ratio (YTD, annualized)

43.38%-402 bps YoY

Tier 1 Leverage Ratio

11.16%-10 bps YoY

NIM

4.08%Q2 ’244.47%Q2 ’254.36%Q2 ’26+12%+3%

Non-interest income vs. expense

1.46%Q2 ’241.56%Q2 ’251.47%Q2 ’26+7%-6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.30%1.20%1.32%1.34%1.40%1.48%1.62%+31 bps
Return on Equity14.51%13.63%11.79%12.53%12.39%12.82%13.11%14.48%+196 bps
Net Interest Margin2.89%2.88%3.01%3.17%3.23%3.22%3.28%3.28%+11 bps
Efficiency Ratio44.28%46.72%49.20%47.39%47.48%45.39%43.98%43.38%-402 bps
Non-Interest Burden1.19%1.26%1.38%1.41%1.44%1.37%1.34%1.33%-8 bps
Growth
Asset Growth (YoY)10.69%0.25%1.36%-1.40%-2.68%5.20%3.94%10.22%+1,162 bps
Loan Growth (YoY)9.56%-0.20%1.41%5.05%1.84%1.33%1.30%3.03%-202 bps
Deposit Growth (YoY)8.17%-0.75%-0.09%-3.42%-4.35%3.47%2.91%10.55%+1,397 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.00%0.96%0.00%0.00%0.00%0.96%1.31%+131 bps
Net Charge-Offs / Loans0.00%-0.01%-0.02%-0.03%-0.02%-0.02%-0.03%-0.02%+1 bps
Allowance / Loans1.75%1.75%1.80%1.76%1.74%1.75%1.80%1.74%-2 bps
Allowance Coverage of NPLs6.4xn/a1.9xn/an/an/a1.9x1.3xn/a
Capital
Tier 1 Leverage Ratio10.58%10.79%10.69%11.26%11.38%11.55%11.12%11.16%-10 bps
Total Risk-Based Capital10.58%10.79%10.69%11.26%11.38%11.55%11.12%11.16%-10 bps
Equity / Assets10.41%10.00%10.40%11.14%11.71%11.40%11.22%11.02%-12 bps
Liquidity & Funding
Loans / Deposits40.97%41.43%40.82%42.37%43.63%40.57%40.19%39.50%-288 bps
Liquid Assets / Assets1.05%0.56%0.52%0.29%0.33%0.37%0.31%0.36%+8 bps
CRE / Total Capitaln/an/an/an/a42.04%42.30%55.03%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

White State Bank

South English, IA · Cert 8519 · Peer group: banks under $1B in assets in IA (n=134-135) · Country Bcorp

State charter, non-member · FDIC · 3 affiliate banks · 3 branches (12 in holding)

Q2 2026

$109.0MAssets
$38.1MLoans
$96.4MDeposits
$12.0MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in IA (rank 45 of 134).
  • Widest gap: total risk-based capital ratio trails 80% of banks under $1B in assets in IA (rank 108 of 135).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.58%

Rank 25 of 135

Net Interest Margin

3.28%

Rank 83 of 135

Efficiency Ratio

43.38%

Rank 13 of 135

Equity / Assets

11.02%

Rank 69 of 135

Non-interest income vs. expense

$0.2M$1.6MINCOMEEXPENSE
Unfavorable gap of $1.5M · efficiency ratio beats 91% of banks under $1B in assets in IA
Bank 43.38%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.58%0.92%1.19%1.47%Beats 81%25 / 135
Return on Equity14.32%7.99%10.26%13.14%Beats 81%25 / 135
Net Interest Margin3.28%2.95%3.41%3.73%Beats 39%83 / 135
Efficiency Ratio43.38%50.61%57.35%63.29%Beats 91%13 / 135
Asset Quality
Nonperforming Loans / Loans1.31%0.03%0.51%1.26%Beats 25%102 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio11.16%11.23%13.31%15.45%Beats 24%103 / 135
Total Risk-Based Capital Ratio11.16%11.61%14.06%16.47%Beats 20%108 / 135
Equity / Assets11.02%9.87%11.05%13.07%Beats 49%69 / 135
Liquidity & Funding
Loans / Deposits39.50%68.54%81.55%91.24%2nd pctl131 / 134
Loans / Assets34.92%57.61%68.06%76.23%6th pctl127 / 135
Brokered Deposits / Depositsn/aNot reported for this institution