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Farmers State Bank of Brush, The

Brush, CO · Cert 10407 · First Pioneer Bank Corp.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (5 in holding)

Q2 2026

$116.6MAssets
$70.6MLoans
$93.1MDeposits
$22.4MEquity
Loan mix
85%RE $46.0M12%C&I $6.5M3%Consumer $1.6MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $70.2M25%Noninterest $22.9MQ2 2025Q2 2026

NIM

4.19%Q2 ’244.45%Q2 ’254.81%Q2 ’26+8%+21%

Non-interest income vs. expense

2.81%Q2 ’243.01%Q2 ’253.20%Q2 ’26+15%+6%

Executive Summary

  • Earnings: ROA of 0.78%, up 34 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.13% of loans (-2 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 20.13%, up 45 bps from a year ago.
  • Funding: loans stand at 75.86% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.78%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.62%+64 bps YoY

Efficiency Ratio (YTD, annualized)

76.66%-943 bps YoY

Tier 1 Leverage Ratio

20.13%+45 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.43%0.55%0.55%0.74%0.78%+34 bps
Return on Equity2.35%2.95%2.94%3.77%3.98%+163 bps
Net Interest Margin2.98%3.07%3.15%3.54%3.62%+64 bps
Efficiency Ratio86.09%81.66%81.59%77.28%76.66%-943 bps
Non-Interest Burden2.49%2.40%2.46%2.61%2.65%+15 bps
Growth
Asset Growth (YoY)-2.45%-0.78%-0.99%-1.52%2.50%+496 bps
Loan Growth (YoY)3.36%2.24%-3.18%3.08%4.35%+99 bps
Deposit Growth (YoY)-3.92%-5.11%-1.73%-5.16%4.85%+877 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.20%0.04%1.08%0.13%-2 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.14%1.14%1.17%1.13%1.08%-6 bps
Allowance Coverage of NPLs7.6x5.6x32.1x1.0x8.3x+0.7x
Capital
Tier 1 Leverage Ratio19.67%19.74%20.09%20.51%20.13%+45 bps
Total Risk-Based Capital19.67%19.74%20.09%20.51%20.13%+45 bps
Equity / Assets18.86%18.79%19.56%19.73%19.21%+35 bps
Liquidity & Funding
Loans / Deposits76.22%77.85%70.37%77.07%75.86%-36 bps
Liquid Assets / Assets1.61%1.58%2.16%2.08%2.01%+40 bps
CRE / Total Capitaln/a23.65%21.23%21.35%n/an/a