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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 $3.1MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $107.0M22%Noninterest $30.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%0.97%1.09%1.15%1.20%1.18%0.06%0.60%-54 bps
Return on Equity11.26%10.83%11.79%12.58%13.01%12.63%0.69%6.49%-609 bps
Net Interest Margin3.47%3.50%3.68%3.61%3.57%3.64%3.54%3.55%-6 bps
Efficiency Ratio66.17%65.71%62.72%61.27%60.08%60.31%64.83%61.96%+68 bps
Non-Interest Burden2.17%2.18%2.17%2.07%2.00%2.05%2.13%2.04%-4 bps
Growth
Asset Growth (YoY)8.65%5.43%0.70%8.23%5.58%7.83%9.15%2.88%-535 bps
Loan Growth (YoY)9.29%7.19%5.60%11.47%8.62%7.75%8.34%6.84%-463 bps
Deposit Growth (YoY)4.15%11.52%9.10%16.37%11.66%10.14%11.04%3.85%-1,251 bps
Asset Quality
Nonperforming Loans / Loans0.65%0.62%0.61%0.58%0.57%0.55%1.97%1.92%+134 bps
Net Charge-Offs / Loans0.00%0.00%0.03%0.01%0.02%0.02%2.20%1.07%+106 bps
Allowance / Loans1.25%1.27%1.27%1.24%1.27%1.29%1.23%1.27%+3 bps
Allowance Coverage of NPLs1.9x2.0x2.1x2.2x2.2x2.4x0.6x0.7x-1.5x
Capital
Tier 1 Leverage Ratio10.34%10.64%10.43%10.19%10.12%10.55%9.89%9.98%-21 bps
Total Risk-Based Capital16.49%16.79%17.01%16.20%17.00%17.05%16.04%16.25%+5 bps
Equity / Assets9.13%9.28%9.15%8.98%9.37%9.79%8.97%9.20%+22 bps
Liquidity & Funding
Loans / Deposits74.18%75.72%74.61%72.46%72.16%74.08%72.80%74.54%+208 bps
Liquid Assets / Assets11.15%10.43%9.51%9.18%9.28%9.77%9.86%9.77%+59 bps
CRE / Total Capitaln/an/an/an/a279%275%278%n/an/a