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Letter portraitLegal landscapeQuarterYTD

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