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Western Commerce Bank

Carlsbad, NM · Cert 18389 · Western Com Bancshares Carlsbad

State charter, non-member · FDIC · 12 branches

Q2 2026

$863.5MAssets
$503.0MLoans
$779.5MDeposits
$82.4MEquity
Loan mix
83%RE $397.1M16%C&I $78.7M1%Consumer $3.2MQ3 2024Q2 2026
Deposit mix
68%Interest-bearing $529.9M32%Noninterest $249.6MQ3 2024Q2 2026

Market Position · Albuquerque, NM · 2026 SOD (annual) · 0.1% share · #22 of 26 inst. · $0.0B of $19.8B

17.7% Eddy
8.2% Lea
1.9% Curry
0.1% Bernalillo

Executive Summary

  • Earnings: ROA of 2.52%, up 5 bps year over year; NIM at 4.86%.
  • Asset quality: problem loans at 2.30% of loans (-36 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.82%, down 28 bps from a year ago.
  • Funding: loans stand at 64.53% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.52%+5 bps YoY

Net Interest Margin (YTD, annualized)

4.86%-26 bps YoY

Efficiency Ratio (YTD, annualized)

41.06%-39 bps YoY

Tier 1 Leverage Ratio

8.82%-28 bps YoY

NIM

5.67%Q2 ’245.59%Q2 ’255.24%Q2 ’26-4%-5%

Non-interest income vs. expense

2.16%Q2 ’242.26%Q2 ’252.12%Q2 ’26+6%-6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.64%2.63%2.30%2.48%2.50%2.50%2.41%2.52%+5 bps
Return on Equity29.15%28.28%24.39%26.41%26.54%26.35%25.59%26.69%+28 bps
Net Interest Margin5.33%5.12%5.07%5.12%5.10%4.81%4.83%4.86%-26 bps
Efficiency Ratio38.66%39.38%43.42%41.45%41.14%41.98%41.83%41.06%-39 bps
Non-Interest Burden1.84%1.80%2.01%1.93%1.91%1.85%1.87%1.82%-11 bps
Growth
Asset Growth (YoY)1.38%-1.33%5.23%8.03%7.67%10.98%7.94%7.35%-68 bps
Loan Growth (YoY)5.26%3.19%3.47%2.75%3.55%5.15%7.96%10.22%+747 bps
Deposit Growth (YoY)0.44%-2.48%5.33%8.30%7.84%11.62%7.85%7.18%-112 bps
Asset Quality
Nonperforming Loans / Loans1.49%1.31%2.66%2.66%2.52%2.05%2.15%2.30%-36 bps
Net Charge-Offs / Loans0.31%0.27%0.16%0.08%0.03%0.03%0.00%0.00%-8 bps
Allowance / Loans1.06%1.07%1.09%1.10%1.12%1.08%1.07%1.06%-5 bps
Allowance Coverage of NPLs0.7x0.8x0.4x0.4x0.4x0.5x0.5x0.5x0.0x
Capital
Tier 1 Leverage Ratio9.62%9.94%8.96%9.10%9.52%9.55%8.74%8.82%-28 bps
Total Risk-Based Capital21.76%23.04%21.24%22.63%17.78%23.21%20.97%22.28%-35 bps
Equity / Assets9.50%10.18%8.74%9.26%9.48%9.85%8.97%9.54%+29 bps
Liquidity & Funding
Loans / Deposits64.37%65.00%60.18%62.75%61.81%61.23%60.24%64.53%+178 bps
Liquid Assets / Assets38.79%38.68%41.92%39.59%40.59%41.16%41.75%38.23%-136 bps
CRE / Total Capitaln/an/an/an/a272%260%287%n/an/a