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Washington State Bank

Washington, LA · Cert 9326 · Washington St Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$309.2MAssets
$226.7MLoans
$273.9MDeposits
$32.3MEquity
Loan mix
88%RE $188.1M5%C&I $10.8M7%Consumer $15.3MQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $194.5M29%Noninterest $79.3MQ2 2025Q2 2026

NIM

5.50%Q2 ’245.54%Q2 ’255.56%Q2 ’26+4%+8%

Non-interest income vs. expense

2.73%Q2 ’242.62%Q2 ’252.92%Q2 ’26-3%+10%

Market Position · Lafayette, LA · 2026 SOD (annual) · 0.2% share · #37 of 41 inst. · $0.0B of $12.2B

14.0% St. Landry
0.3% Lafayette

Executive Summary

  • Earnings: ROA of 0.88%, down 21 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 1.29% of loans (-173 bps YoY), with net charge-offs at 0.59%.
  • Capital: tier 1 leverage ratio of 10.81%, up 29 bps from a year ago.
  • Funding: loans stand at 82.79% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.88%-21 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+31 bps YoY

Efficiency Ratio (YTD, annualized)

65.29%+113 bps YoY

Tier 1 Leverage Ratio

10.81%+29 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.10%1.25%1.20%1.09%0.88%-21 bps
Return on Equity11.11%12.44%11.82%10.17%8.28%-283 bps
Net Interest Margin3.78%3.97%4.01%4.06%4.09%+31 bps
Efficiency Ratio64.17%61.91%63.90%63.64%65.29%+113 bps
Non-Interest Burden2.32%2.34%2.44%2.43%2.54%+22 bps
Growth
Asset Growth (YoY)3.30%-0.48%-0.56%2.11%1.37%-193 bps
Loan Growth (YoY)0.89%0.53%-1.00%0.51%-1.72%-262 bps
Deposit Growth (YoY)2.98%-1.09%-1.70%1.29%0.97%-201 bps
Asset Quality
Nonperforming Loans / Loans3.02%1.25%0.60%1.51%1.29%-173 bps
Net Charge-Offs / Loans0.03%0.01%0.46%0.00%0.59%+55 bps
Allowance / Loans1.34%1.37%0.93%1.02%0.94%-40 bps
Allowance Coverage of NPLs0.4x1.1x1.5x0.7x0.7x+0.3x
Capital
Tier 1 Leverage Ratio10.52%10.87%10.90%11.10%10.81%+29 bps
Total Risk-Based Capital15.46%16.27%15.84%16.18%15.91%+45 bps
Equity / Assets10.02%10.66%10.76%10.78%10.44%+42 bps
Liquidity & Funding
Loans / Deposits85.05%85.79%86.22%83.85%82.79%-227 bps
Liquid Assets / Assets7.44%7.15%6.05%8.12%7.63%+19 bps
CRE / Total Capitaln/a321%326%318%n/an/a