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State Bank, The

La Junta, CO · Cert 1778

FDIC · 5 branches

Q4 2025

$145.0MAssets
$74.2MLoans
$118.7MDeposits
$26.0MEquity
Loan mix
91%RE $54.0M6%C&I $3.4M3%Consumer $1.7MQ4 2024Q4 2025
Deposit mix
64%Interest-bearing $76.2M36%Noninterest $42.5MQ4 2024Q4 2025

NIM

5.07%Q4 ’235.14%Q4 ’244.94%Q4 ’25+1%-5%

Non-interest income vs. expense

2.84%Q4 ’232.88%Q4 ’242.31%Q4 ’25+3%-100%

Market Position · Colorado Springs, CO · 2025 SOD (annual) · 0.3% share · #36 of 41 inst. · $0.0B of $10.6B

14.0% Otero
0.3% El Paso

Executive Summary

  • Earnings: ROA of 4.56%, up 263 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.54% of loans (-44 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 18.14%, down 58 bps from a year ago.
  • Funding: loans stand at 62.54% of deposits as of Q4 2025.

Financial Results

Return on Assets (quarter, annualized)

4.56%+263 bps YoY

Net Interest Margin (quarter, annualized)

4.21%-23 bps YoY

Efficiency Ratio (quarter, annualized)

35.43%-2,343 bps YoY

Tier 1 Leverage Ratio

18.14%-58 bps YoY

Discrete quarter, annualized.

MetricQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets1.93%1.28%1.45%1.47%4.56%+263 bps
Return on Equity11.04%7.20%8.32%8.82%26.64%+1,560 bps
Net Interest Margin4.44%4.23%4.44%4.48%4.21%-23 bps
Efficiency Ratio58.86%59.23%55.37%51.49%35.43%-2,343 bps
Non-Interest Burden2.42%2.30%2.26%1.96%0.00%-243 bps
Growth
Asset Growth (YoY)1.83%-2.00%4.74%14.73%14.80%+1,297 bps
Loan Growth (YoY)19.00%15.92%5.25%3.71%6.93%-1,206 bps
Deposit Growth (YoY)0.17%-4.57%3.30%15.69%14.50%+1,433 bps
Asset Quality
Nonperforming Loans / Loans0.99%0.95%1.42%0.57%0.54%-44 bps
Net Charge-Offs / Loans0.93%0.00%0.00%0.08%0.02%-91 bps
Allowance / Loans1.72%1.66%1.62%1.68%1.61%-11 bps
Allowance Coverage of NPLs1.7x1.7x1.1x3.0x3.0x+1.2x
Capital
Tier 1 Leverage Ratio18.72%19.58%18.27%17.75%18.14%-58 bps
Total Risk-Based Capital30.47%30.43%29.54%31.31%33.08%+260 bps
Equity / Assets17.73%17.75%17.06%16.32%17.92%+19 bps
Liquidity & Funding
Loans / Deposits66.97%67.52%65.39%57.59%62.54%-443 bps
Liquid Assets / Assets15.09%14.53%19.29%27.15%25.33%+1,024 bps
CRE / Total Capitaln/an/an/a64.48%63.99%n/a