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First National Bank, Cortez

Cortez, CO · Cert 17872

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=573 to 620). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

50

Q2 2024Q2 2026peer median (50)

Asset Quality

9

Q2 2024Q2 2026peer median (50)

Profitability

36

Q2 2024Q2 2026peer median (50)

Liquidity

85

Q2 2024Q2 2026peer median

Efficiency

68

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

First National Bank, Cortez

Cortez, CO · Cert 17872

National charter · OCC · 1 branch

Q2 2026

$156.9MAssets
$102.3MLoans
$137.2MDeposits
$14.4MEquity
Loan mix
89%RE $79.9M7%C&I $6.7M3%Consumer $3.1MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $107.0M22%Noninterest $30.3MQ2 2025Q2 2026

NIM

5.00%Q2 ’245.26%Q2 ’255.25%Q2 ’26+4%-2%

Non-interest income vs. expense

2.51%Q2 ’242.43%Q2 ’252.46%Q2 ’26-4%-2%

Executive Summary

  • Earnings: ROA of 0.60%, down 54 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 1.92% of loans (+134 bps YoY), with net charge-offs at 1.07%.
  • Capital: tier 1 leverage ratio of 9.98%, down 21 bps from a year ago.
  • Funding: loans stand at 74.54% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.60%-54 bps YoY

Net Interest Margin (YTD, annualized)

3.55%-6 bps YoY

Efficiency Ratio (YTD, annualized)

61.96%+68 bps YoY

Tier 1 Leverage Ratio

9.98%-21 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.15%1.20%1.18%0.06%0.60%-54 bps
Return on Equity12.58%13.01%12.63%0.69%6.49%-609 bps
Net Interest Margin3.61%3.57%3.64%3.54%3.55%-6 bps
Efficiency Ratio61.27%60.08%60.31%64.83%61.96%+68 bps
Non-Interest Burden2.07%2.00%2.05%2.13%2.04%-4 bps
Growth
Asset Growth (YoY)8.23%5.58%7.83%9.15%2.88%-535 bps
Loan Growth (YoY)11.47%8.62%7.75%8.34%6.84%-463 bps
Deposit Growth (YoY)16.37%11.66%10.14%11.04%3.85%-1,251 bps
Asset Quality
Nonperforming Loans / Loans0.58%0.57%0.55%1.97%1.92%+134 bps
Net Charge-Offs / Loans0.01%0.02%0.02%2.20%1.07%+106 bps
Allowance / Loans1.24%1.27%1.29%1.23%1.27%+3 bps
Allowance Coverage of NPLs2.2x2.2x2.4x0.6x0.7x-1.5x
Capital
Tier 1 Leverage Ratio10.19%10.12%10.55%9.89%9.98%-21 bps
Total Risk-Based Capital16.20%17.00%17.05%16.04%16.25%+5 bps
Equity / Assets8.98%9.37%9.79%8.97%9.20%+22 bps
Liquidity & Funding
Loans / Deposits72.46%72.16%74.08%72.80%74.54%+208 bps
Liquid Assets / Assets9.18%9.28%9.77%9.86%9.77%+59 bps
CRE / Total Capitaln/a279%275%278%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

First National Bank, Cortez

Cortez, CO · Cert 17872 · Peer group: banks under $1B in assets (n=573-620)

National charter · OCC · 1 branch

Q2 2026

$156.9MAssets
$102.3MLoans
$137.2MDeposits
$14.4MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 68% of banks under $1B in assets (rank 202 of 620).
  • Widest gap: net charge-offs / loans trails 97% of banks under $1B in assets (rank 555 of 573).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.60%

Rank 465 of 620

Net Interest Margin

3.55%

Rank 295 of 620

Efficiency Ratio

61.96%

Rank 202 of 620

Equity / Assets

9.20%

Rank 445 of 620

Non-interest income vs. expense

$0.7M$3.9MINCOMEEXPENSE
Unfavorable gap of $3.2M · efficiency ratio beats 68% of banks under $1B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.60%0.60%1.00%1.45%Beats 25%465 / 620
Return on Equity6.50%5.30%9.30%13.29%Beats 31%430 / 620
Net Interest Margin3.55%3.02%3.53%4.04%Beats 52%295 / 620
Efficiency Ratio61.96%58.35%68.08%79.37%Beats 68%202 / 620
Asset Quality
Nonperforming Loans / Loans1.92%0.09%0.47%1.27%Beats 15%487 / 573
Net Charge-Offs / Loans0.54%n/a0.01%0.06%Beats 3%555 / 573
Capital
Tier 1 Capital Ratio15.00%11.27%13.87%18.78%Beats 59%255 / 620
Total Risk-Based Capital Ratio16.25%11.69%14.57%19.67%Beats 62%238 / 620
Equity / Assets9.20%9.03%10.60%13.73%Beats 28%445 / 620
Liquidity & Funding
Loans / Deposits74.54%65.08%79.69%92.47%40th pctl352 / 585
Loans / Assets65.20%51.85%67.17%77.86%46th pctl335 / 620
Brokered Deposits / Depositsn/aNot reported for this institution