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Peoples State Bank of Wells

Wells, MN · Cert 8840

State charter, non-member · 1 branch

Q1 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

Basis

Quarter: Q1 2026, the quarter ended March 31, 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 MN (n=113 to 115). 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

37

Q2 2024Q1 2026peer median (50)

Asset Quality

79

Q2 2024Q1 2026peer median (50)

Profitability

22

Q2 2024Q1 2026peer median (50)

Liquidity

87

Q2 2024Q1 2026peer median

Efficiency

8

Q2 2024Q1 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

Peoples State Bank of Wells

Wells, MN · Cert 8840

State charter, non-member · 1 branch

Q1 2026

$59.9MAssets
$39.1MLoans
$54.4MDeposits
$5.3MEquity
Loan mix
92%RE $23.2M6%C&I $1.5M2%Consumer $0.5MQ2 2024Q1 2026
Deposit mix
78%Interest-bearing $42.6M22%Noninterest $11.7MQ2 2024Q1 2026

Executive Summary

  • Earnings: ROA of 0.39%, down 82 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.35% of loans (+7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.61%, down 188 bps from a year ago.
  • Funding: loans stand at 71.95% of deposits as of Q1 2026.

Return on Assets (YTD, annualized)

0.39%-82 bps YoY

Net Interest Margin (YTD, annualized)

3.76%+15 bps YoY

Efficiency Ratio (YTD, annualized)

85.45%+2,735 bps YoY

Tier 1 Leverage Ratio

8.61%-188 bps YoY

NIM

4.40%Q1 ’244.74%Q1 ’254.83%Q1 ’26+11%+4%

Non-interest income vs. expense

1.85%Q1 ’242.15%Q1 ’253.32%Q1 ’26+17%+56%

Year to date, annualized, through each quarter.

MetricQ2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026YoY ΔTrend
Earnings
Return on Assets1.12%1.11%1.02%1.21%1.20%1.29%1.24%0.39%-82 bps
Return on Equity12.06%11.57%10.56%11.75%11.44%11.96%11.45%3.94%-781 bps
Net Interest Margin3.30%3.39%3.36%3.62%3.79%3.86%3.84%3.76%+15 bps
Efficiency Ratio57.09%58.10%61.54%58.10%59.26%57.71%59.38%85.45%+2,735 bps
Non-Interest Burden1.81%1.89%2.00%2.02%2.17%2.14%2.20%3.15%+113 bps
Growth
Asset Growth (YoY)2.72%-0.84%-3.55%-8.84%-5.80%-3.89%0.36%0.67%+951 bps
Loan Growth (YoY)6.00%7.22%-1.59%0.05%1.65%2.39%-0.08%-4.25%-430 bps
Deposit Growth (YoY)-2.58%-5.82%-1.24%-5.85%-2.40%-1.73%1.28%2.20%+805 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.23%0.20%0.28%0.20%0.00%0.03%0.35%+7 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.27%1.28%1.27%1.28%1.25%1.25%1.27%1.34%+6 bps
Allowance Coverage of NPLs5.5x5.7x6.2x4.6x6.4xn/a40.3x3.8x-0.7x
Capital
Tier 1 Leverage Ratio10.03%10.59%10.75%10.50%11.21%11.40%11.17%8.61%-188 bps
Total Risk-Based Capital15.40%15.86%15.99%15.89%15.77%15.80%15.94%13.28%-260 bps
Equity / Assets9.48%10.56%10.11%10.46%11.02%11.57%10.90%8.93%-154 bps
Liquidity & Funding
Loans / Deposits77.25%78.25%75.68%76.79%80.46%81.53%74.67%71.95%-484 bps
Liquid Assets / Assets9.54%6.55%6.41%7.51%8.04%7.28%16.47%2.06%-545 bps
CRE / Total Capitaln/an/an/an/an/a18.67%12.80%13.86%n/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

Peoples State Bank of Wells

Wells, MN · Cert 8840 · Peer group: banks under $1B in assets in MN (n=113-115)

State charter, non-member · 1 branch

Q1 2026

$59.9MAssets
$39.1MLoans
$54.4MDeposits
$5.3MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 67 of 113).
  • Widest gap: efficiency ratio trails 92% of banks under $1B in assets in MN (rank 107 of 115).
  • Overall: at or above the peer median on 3 of 10 directional measures.

Return on Assets

0.40%

Rank 106 of 115

Net Interest Margin

3.76%

Rank 63 of 115

Efficiency Ratio

85.45%

Rank 107 of 115

Equity / Assets

8.93%

Rank 79 of 115

Non-interest income vs. expense

$0.1M$2.0MINCOMEEXPENSE
Unfavorable gap of $1.9M · efficiency ratio beats 8% of banks under $1B in assets in MN
Bank 85.45%Peer median 62.3%Q2 2024Q1 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.40%0.81%1.12%1.42%Beats 8%106 / 115
Return on Equity4.47%8.10%11.01%13.88%Beats 12%101 / 115
Net Interest Margin3.76%3.38%3.79%4.23%Beats 45%63 / 115
Efficiency Ratio85.45%54.84%62.25%69.85%Beats 8%107 / 115
Asset Quality
Nonperforming Loans / Loans0.35%0.13%0.43%1.54%Beats 58%49 / 113
Net Charge-Offs / Loans0.00%n/an/a0.00%Beats 100%67 / 113
Capital
Tier 1 Capital Ratio12.08%11.27%13.12%18.28%Beats 37%72 / 115
Total Risk-Based Capital Ratio13.28%11.98%14.15%19.19%Beats 42%67 / 115
Equity / Assets8.93%8.33%9.94%11.95%Beats 31%79 / 115
Liquidity & Funding
Loans / Deposits71.95%62.02%75.86%86.63%41st pctl67 / 113
Loans / Assets65.28%55.17%66.00%74.57%47th pctl61 / 115
Brokered Deposits / Deposits0.00%n/an/a0.83%Beats 100%79 / 113