Waldo State Bank
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Data as of · sourced from FFIEC call reports. How we update
Waldo State Bank is an FDIC-insured commercial bank headquartered in Waldo, WI, established in 1913 (FDIC certificate 8700), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $154.2M, down 1.0% from Q2 2025, the 128th largest of 153 banks headquartered in Wisconsin. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.28% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8700
- Headquarters
- Waldo, WI
- Established
- 1913
- Total assets, Q2 2026
- $154.2M
- Assets vs Q2 2025
- -1.0%
- Tier 1 leverage ratio, Q2 2026
- 10.28%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 075908027
- Latest call report
- Q2 2026, FFIEC 051 · Waldo State Bank call report
- Asset rank in state
- 128th of 153 in Wisconsin
Problem loans are rising at Waldo State Bank. Its balance sheet stood at $154 million at June 30, 2026; it is based in Waldo, Wisconsin. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.44% of loans from 1.42% a year earlier. It carries problem assets equal to 18.0% of the capital and reserves that would absorb them, 6.8 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 2.65% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Net income for the quarter rose 29% from a year earlier, to $272,000. Over the same year, loans shrank 2.2% and deposits grew 1.0%. Profitability lags: it earns about $0.70 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, Waldo State Bank reported a return on assets of 0.70%, a nonperforming-loan ratio of 2.44% and a Texas ratio of 17.96%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Waldo State Bank is the 128th largest of the 153 banks headquartered in Wisconsin. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.5% to $154.2M, loans rose 0.8% and deposits rose 0.3%. 1-4 family residential loans made up 58.0% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 16.5%. Its one office in the FDIC Summary of Deposits is in Waldo, WI. By the capital ratios in its Q2 2026 call report, Waldo State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 119 Depot St, Waldo, WI 53093
- County
- Sheboygan
- Metro Area
- Sheboygan, WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1913
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $127.4M
- Allowance for credit losses
- $954K
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $155.0M
- Average total loans
- $117.8M
- Average interest-bearing deposits
- $113.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8700
- Fed RSSD
- 131940
- Website
- www.waldostate.bank →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Waldo State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Waldo State Bank's total assets ranged from $121.9M (Q3 2023) to $155.8M (Q2 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$154.2M total assets against $155.8M; $139.1M total liabilities against $141.7M.
$117.3M net loans and leases against $119.9M; $127.4M total deposits against $126.2M.
$20.0M securities against $16.1M; $7.6M cash and balances due against $11.3M.
$2.2M total interest income against $2.2M; $908K total interest expense against $1.0M.
$1.3M net interest income against $1.2M.
$237K total noninterest income against $88K; $1.1M total noninterest expense against $1.0M.
$45K provision for credit losses against $22K.
$272K net income against $211K.
0.70% return on assets against 0.55%; 3.54% net interest margin against 3.31%.
10.28% tier 1 leverage ratio against 9.74%.
Inside the full Waldo State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWaldo State Bank rankings
Its closest position to the top of a national ranking is 220 of 3,640, for Texas Ratio; its furthest is 3,037 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.40% (Q4 2025) to 1.17% (Q4 2024) and its net interest margin ran from 3.26% (Q3 2025) to 3.55% (Q4 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.28% | 0.70% | 2.44% | 17.96% | 3.54% |
| Q1 2026 | 10.20% | 0.65% | 2.02% | 15.09% | 3.48% |
| Q4 2025 | 10.03% | 0.40% | 2.15% | 16.24% | 3.37% |
| Q3 2025 | 10.01% | 0.80% | 2.39% | 18.52% | 3.26% |
| Q2 2025 | 9.74% | 0.55% | 1.42% | 11.42% | 3.31% |
| Q1 2025 | 10.00% | 0.97% | 0.60% | 5.07% | 3.53% |
| Q4 2024 | 10.33% | 1.17% | 0.87% | 7.31% | 3.55% |
| Q3 2024 | 10.69% | 0.80% | 0.57% | 4.44% | 3.33% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Waldo State Bank (main office) | Waldo , WI | 53093 | $127.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in WI, rank 145 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 5 loans, $5.9M approved, $1.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Waldo State Bank
What are Waldo State Bank's total assets?
As of the Q2 2026 filing, Waldo State Bank reported total assets of $154.2 million in its FFIEC call report.
Where is Waldo State Bank headquartered?
It is headquartered in Waldo, WI, United States.
When was Waldo State Bank founded?
It was established in 1913, per the FDIC institution directory.
Is Waldo State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8700). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Waldo State Bank?
Waldo State Bank's primary federal regulator is the FDIC.
How many branches does Waldo State Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Waldo State Bank's Texas Ratio?
Its Texas Ratio is 17.96% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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