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CNB Bank

Carlsbad, NM · Cert 2241 · Carlsbad Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$1.1BAssets
$807.8MLoans
$969.7MDeposits
$92.7MEquity
Loan mix
68%RE $507.8M26%C&I $192.4M7%Consumer $49.0MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $750.4M23%Noninterest $219.3MQ2 2025Q2 2026

NIM

5.60%Q2 ’245.67%Q2 ’255.91%Q2 ’26+5%-2%

Non-interest income vs. expense

1.88%Q2 ’242.35%Q2 ’252.32%Q2 ’26+25%+1%

Executive Summary

  • Earnings: ROA of 1.70%, down 6 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.09% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.73%, up 21 bps from a year ago.
  • Funding: loans stand at 83.31% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.70%-6 bps YoY

Net Interest Margin (quarter, annualized)

4.30%-11 bps YoY

Efficiency Ratio (quarter, annualized)

48.23%+103 bps YoY

Tier 1 Leverage Ratio

9.73%+21 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.76%2.14%2.13%1.74%1.70%-6 bps
Return on Equity21.40%26.18%25.39%19.25%18.89%-251 bps
Net Interest Margin4.41%4.51%4.36%4.38%4.30%-11 bps
Efficiency Ratio47.20%47.37%42.14%48.79%48.23%+103 bps
Non-Interest Burden1.78%1.90%1.57%1.91%1.81%+2 bps
Growth
Asset Growth (YoY)9.32%17.58%11.49%6.17%16.64%+731 bps
Loan Growth (YoY)13.42%17.40%18.67%15.60%20.36%+693 bps
Deposit Growth (YoY)8.82%18.28%10.96%4.82%16.35%+754 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.13%0.08%0.12%0.09%+3 bps
Net Charge-Offs / Loans-0.05%0.01%-0.01%0.00%0.00%+5 bps
Allowance / Loans1.41%1.36%1.40%1.41%1.37%-4 bps
Allowance Coverage of NPLs24.8x10.1x18.0x12.1x16.0x-8.7x
Capital
Tier 1 Leverage Ratio9.52%9.59%9.10%9.69%9.73%+21 bps
Total Risk-Based Capital9.52%9.59%9.10%9.69%9.73%+21 bps
Equity / Assets8.35%8.01%8.79%9.30%8.69%+34 bps
Liquidity & Funding
Loans / Deposits80.54%75.63%81.54%86.27%83.31%+277 bps
Liquid Assets / Assets6.34%13.66%7.89%4.43%7.65%+130 bps
CRE / Total Capitaln/a371%385%413%n/an/a