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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 $1.6MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $70.2M25%Noninterest $22.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.82%, up 27 bps year over year; NIM at 3.79%.
  • 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.

Return on Assets (quarter, annualized)

0.82%+27 bps YoY

Net Interest Margin (quarter, annualized)

3.79%+68 bps YoY

Efficiency Ratio (quarter, annualized)

76.09%-613 bps YoY

Tier 1 Leverage Ratio

20.13%+45 bps YoY

NIM

4.27%Q2 ’244.53%Q2 ’254.97%Q2 ’26+12%+22%

Non-interest income vs. expense

2.74%Q2 ’242.99%Q2 ’253.31%Q2 ’26+23%+11%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.51%0.17%0.33%0.54%0.78%0.56%0.74%0.82%+27 bps
Return on Equity2.92%0.92%1.78%2.92%4.12%2.91%3.77%4.20%+129 bps
Net Interest Margin2.74%2.67%2.85%3.11%3.27%3.24%3.54%3.79%+68 bps
Efficiency Ratio80.87%94.92%90.28%82.21%73.83%81.41%77.28%76.09%-613 bps
Non-Interest Burden2.09%2.51%2.52%2.47%2.24%2.54%2.61%2.75%+28 bps
Growth
Asset Growth (YoY)-0.49%-2.30%-0.33%-2.45%-0.78%-0.99%-1.52%2.50%+496 bps
Loan Growth (YoY)1.37%2.94%2.59%3.36%2.24%-3.18%3.08%4.35%+99 bps
Deposit Growth (YoY)-3.04%-4.61%-1.10%-3.92%-5.11%-1.73%-5.16%4.85%+877 bps
Asset Quality
Nonperforming Loans / Loans0.14%0.28%0.35%0.15%0.20%0.04%1.08%0.13%-2 bps
Net Charge-Offs / Loans0.33%-0.01%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.28%1.30%1.19%1.14%1.14%1.17%1.13%1.08%-6 bps
Allowance Coverage of NPLs9.4x4.7x3.4x7.6x5.6x32.1x1.0x8.3x+0.7x
Capital
Tier 1 Leverage Ratio19.02%19.37%19.63%19.67%19.74%20.09%20.51%20.13%+45 bps
Total Risk-Based Capital19.02%19.37%19.63%19.67%19.74%20.09%20.51%20.13%+45 bps
Equity / Assets17.94%18.04%18.48%18.86%18.79%19.56%19.73%19.21%+35 bps
Liquidity & Funding
Loans / Deposits72.26%71.43%70.91%76.22%77.85%70.37%77.07%75.86%-36 bps
Liquid Assets / Assets2.42%2.24%2.04%1.61%1.58%2.16%2.08%2.01%+40 bps
CRE / Total Capitaln/an/an/an/a23.65%21.23%21.35%n/an/a