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Cashmere Valley Bank

Cashmere, WA · Cert 1265

State charter, non-member · FDIC · 12 branches

Q2 2026

$2.3BAssets
$1.0BLoans
$2.0BDeposits
$256.6MEquity
Loan mix
61%RE $534.1M15%C&I $136.6M24%Consumer $211.6MQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $1.5B21%Noninterest $0.4BQ3 2024Q2 2026

Market Position · Wenatchee-East Wenatchee, WA · 2026 SOD (annual) · 44.9% share · #1 of 11 inst. · $1.6B of $3.5B

48.7% Chelan
28.6% Kittitas
33.9% Douglas
1.8% Yakima

Executive Summary

  • Earnings: ROA of 1.10%, down 24 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.35% of loans (-8 bps YoY), with net charge-offs at 0.38%.
  • Capital: tier 1 leverage ratio of 12.50%, down 77 bps from a year ago.
  • Funding: loans stand at 52.65% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.10%-24 bps YoY

Net Interest Margin (YTD, annualized)

2.97%-7 bps YoY

Efficiency Ratio (YTD, annualized)

60.49%+242 bps YoY

Tier 1 Leverage Ratio

12.50%-77 bps YoY

NIM

4.33%Q2 ’244.41%Q2 ’254.33%Q2 ’26+3%-2%

Non-interest income vs. expense

2.34%Q2 ’242.41%Q2 ’252.44%Q2 ’26+2%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.36%1.35%1.21%1.34%1.36%1.33%1.01%1.10%-24 bps
Return on Equity13.05%12.87%10.89%12.02%12.04%11.67%8.76%9.67%-235 bps
Net Interest Margin2.97%2.95%3.02%3.04%2.99%2.99%2.93%2.97%-7 bps
Efficiency Ratio57.17%57.10%60.71%58.06%57.20%56.95%61.93%60.49%+242 bps
Non-Interest Burden1.28%1.27%1.42%1.33%1.28%1.28%1.44%1.42%+9 bps
Growth
Asset Growth (YoY)5.69%3.86%2.72%6.73%7.02%7.15%8.41%5.72%-101 bps
Loan Growth (YoY)-2.84%-7.68%-7.14%-4.32%-3.35%-0.97%0.50%6.29%+1,062 bps
Deposit Growth (YoY)1.57%3.62%2.51%3.76%3.96%3.42%6.21%6.72%+296 bps
Asset Quality
Nonperforming Loans / Loans0.29%0.36%0.36%0.43%0.51%0.47%0.43%0.35%-8 bps
Net Charge-Offs / Loans0.28%0.32%0.33%0.32%0.36%0.46%0.53%0.38%+6 bps
Allowance / Loans1.32%1.32%1.28%1.24%1.26%1.20%1.17%1.12%-12 bps
Allowance Coverage of NPLs4.5x3.7x3.6x2.9x2.5x2.5x2.7x3.2x+0.3x
Capital
Tier 1 Leverage Ratio12.72%12.93%13.02%13.26%12.99%13.17%12.63%12.50%-77 bps
Total Risk-Based Capital12.72%12.93%13.02%13.26%12.99%13.17%12.63%12.50%-77 bps
Equity / Assets11.00%10.91%11.28%11.34%11.56%11.93%11.21%11.08%-26 bps
Liquidity & Funding
Loans / Deposits54.69%52.36%52.87%52.86%50.84%50.14%50.03%52.65%-21 bps
Liquid Assets / Assets13.32%15.02%13.44%13.64%16.12%14.95%15.49%13.82%+18 bps
CRE / Total Capitaln/an/an/an/a136.45%134.38%140.83%n/an/a