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Waldo State Bank

Waldo, WI · Cert 8700

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=109 to 112). 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

22

Q2 2024Q2 2026peer median (50)

Asset Quality

53

Q2 2024Q2 2026peer median (50)

Profitability

22

Q2 2024Q2 2026peer median (50)

Liquidity

68

Q2 2024Q2 2026peer median

Efficiency

19

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

Waldo State Bank

Waldo, WI · Cert 8700

State charter, non-member · FDIC · 1 branch

Q2 2026

$154.2MAssets
$118.2MLoans
$127.4MDeposits
$15.1MEquity
Loan mix
93%RE $107.7M6%C&I $6.6M2%Consumer $2.0MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $114.7M10%Noninterest $12.7MQ2 2025Q2 2026

NIM

5.46%Q2 ’245.72%Q2 ’255.60%Q2 ’26+5%+2%

Non-interest income vs. expense

2.41%Q2 ’242.48%Q2 ’252.82%Q2 ’26+6%+4%

Market Position · Sheboygan, WI · 2026 SOD (annual) · 4.3% share · #9 of 13 inst. · $0.1B of $3.0B

Executive Summary

  • Earnings: ROA of 0.68%, down 7 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 2.44% of loans (+102 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.28%, up 53 bps from a year ago.
  • Funding: loans stand at 92.82% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.68%-7 bps YoY

Net Interest Margin (YTD, annualized)

3.25%+7 bps YoY

Efficiency Ratio (YTD, annualized)

74.93%+310 bps YoY

Tier 1 Leverage Ratio

10.28%+53 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.76%0.77%0.68%0.65%0.68%-7 bps
Return on Equity8.34%8.42%7.34%6.81%7.03%-131 bps
Net Interest Margin3.18%3.17%3.16%3.24%3.25%+7 bps
Efficiency Ratio71.83%71.01%72.86%74.91%74.93%+310 bps
Non-Interest Burden2.21%2.17%2.22%2.33%2.31%+10 bps
Growth
Asset Growth (YoY)20.74%10.93%6.09%0.51%-1.00%-2,174 bps
Loan Growth (YoY)15.14%8.89%-1.91%-5.22%-2.22%-1,736 bps
Deposit Growth (YoY)21.71%19.45%16.90%2.81%0.97%-2,074 bps
Asset Quality
Nonperforming Loans / Loans1.42%2.39%2.15%2.02%2.44%+102 bps
Net Charge-Offs / Loans-0.01%-0.01%0.23%-0.01%-0.01%0 bps
Allowance / Loans0.84%0.85%0.72%0.77%0.81%-3 bps
Allowance Coverage of NPLs0.6x0.4x0.3x0.4x0.3x-0.3x
Capital
Tier 1 Leverage Ratio9.74%10.01%10.03%10.20%10.28%+53 bps
Total Risk-Based Capital9.74%10.01%10.03%10.20%10.28%+53 bps
Equity / Assets9.03%9.58%9.57%9.64%9.82%+78 bps
Liquidity & Funding
Loans / Deposits95.85%94.40%88.78%92.36%92.82%-303 bps
Liquid Assets / Assets0.16%0.34%0.46%1.62%0.72%+55 bps
CRE / Total Capitaln/a245%236%234%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

Waldo State Bank

Waldo, WI · Cert 8700 · Peer group: banks under $1B in assets in WI (n=109-112)

State charter, non-member · FDIC · 1 branch

Q2 2026

$154.2MAssets
$118.2MLoans
$127.4MDeposits
$15.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in WI (rank 36 of 109).
  • Widest gap: nonperforming loans / loans trails 94% of banks under $1B in assets in WI (rank 104 of 109).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.68%

Rank 95 of 112

Net Interest Margin

3.25%

Rank 78 of 112

Efficiency Ratio

74.93%

Rank 92 of 112

Equity / Assets

9.82%

Rank 71 of 112

Non-interest income vs. expense

$0.8M$4.4MINCOMEEXPENSE
Unfavorable gap of $3.6M · efficiency ratio beats 19% of banks under $1B in assets in WI
Bank 74.93%Peer median 62.7%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.68%0.85%1.17%1.51%Beats 15%95 / 112
Return on Equity6.91%7.87%10.91%13.85%Beats 20%90 / 112
Net Interest Margin3.25%3.19%3.59%3.89%Beats 30%78 / 112
Efficiency Ratio74.93%54.87%62.73%72.61%Beats 19%92 / 112
Asset Quality
Nonperforming Loans / Loans2.44%0.03%0.22%0.91%Beats 6%104 / 109
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 100%36 / 109
Capital
Tier 1 Capital Ratio10.28%11.22%12.95%15.76%Beats 16%94 / 112
Total Risk-Based Capital Ratio10.28%11.57%13.59%16.73%Beats 14%96 / 112
Equity / Assets9.82%9.17%10.74%13.13%Beats 37%71 / 112
Liquidity & Funding
Loans / Deposits92.82%75.89%86.36%98.49%66th pctl38 / 111
Loans / Assets76.68%64.03%71.52%78.98%65th pctl39 / 112
Brokered Deposits / Depositsn/aNot reported for this institution