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First National Bank

Alamogordo, NM · Cert 17643 · First Alamogordo Bcorp NV Inc.

National charter · OCC · 6 branches

Q2 2026

$452.8MAssets
$219.6MLoans
$425.4MDeposits
$25.4MEquity
Loan mix
75%RE $163.8M6%C&I $13.7M19%Consumer $41.9MQ2 2025Q2 2026
Deposit mix
65%Interest-bearing $274.8M35%Noninterest $150.6MQ2 2025Q2 2026

NIM

4.19%Q2 ’244.16%Q2 ’254.25%Q2 ’26+4%+4%

Non-interest income vs. expense

2.50%Q2 ’242.33%Q2 ’252.95%Q2 ’26-50%+145%

Executive Summary

  • Earnings: ROA of 0.65%, down 117 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 5.29% of loans (+310 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.31%, unchanged from a year ago.
  • Funding: loans stand at 51.62% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.65%-117 bps YoY

Net Interest Margin (quarter, annualized)

3.48%+12 bps YoY

Efficiency Ratio (quarter, annualized)

76.37%+2,615 bps YoY

Tier 1 Leverage Ratio

10.31%0 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.82%1.15%1.20%1.05%0.65%-117 bps
Return on Equity45.29%24.19%21.99%18.78%11.58%-3,370 bps
Net Interest Margin3.36%3.54%3.57%3.81%3.48%+12 bps
Efficiency Ratio50.22%61.54%55.24%64.62%76.37%+2,615 bps
Non-Interest Burden1.05%2.02%1.59%2.33%2.56%+152 bps
Growth
Asset Growth (YoY)-0.53%-5.85%-0.71%-0.54%-1.14%-60 bps
Loan Growth (YoY)3.41%3.14%4.57%2.75%2.26%-115 bps
Deposit Growth (YoY)-1.86%-6.80%-3.23%-1.82%-2.65%-78 bps
Asset Quality
Nonperforming Loans / Loans2.19%2.05%2.38%2.49%5.29%+310 bps
Net Charge-Offs / Loans0.01%0.00%0.58%0.01%0.02%+2 bps
Allowance / Loans1.69%1.76%1.63%1.76%1.82%+13 bps
Allowance Coverage of NPLs0.8x0.9x0.7x0.7x0.3x-0.4x
Capital
Tier 1 Leverage Ratio10.31%10.33%10.26%10.15%10.31%0 bps
Total Risk-Based Capital10.31%10.33%10.26%10.15%10.31%0 bps
Equity / Assets4.17%5.33%5.58%5.60%5.60%+143 bps
Liquidity & Funding
Loans / Deposits49.14%49.99%50.11%50.30%51.62%+248 bps
Liquid Assets / Assets5.08%4.69%6.50%6.71%5.78%+70 bps
CRE / Total Capitaln/a273%282%279%n/an/a