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Letter portraitLegal landscapeQuarterYTD

Western Bank

Lordsburg, NM · Cert 2249 · Lordsburg Financial Corp.

State charter, Fed member · FED · 5 branches

Q2 2026

$325.9MAssets
$76.3MLoans
$285.7MDeposits
$36.6MEquity
Loan mix
83%RE $51.5M12%C&I $7.3M5%Consumer $3.2MQ2 2025Q2 2026
Deposit mix
52%Interest-bearing $148.4M48%Noninterest $137.4MQ2 2025Q2 2026

NIM

4.18%Q2 ’244.03%Q2 ’254.07%Q2 ’26-3%+3%

Non-interest income vs. expense

2.35%Q2 ’242.30%Q2 ’252.30%Q2 ’26+0%0%

Market Position · Sierra Vista-Douglas, AZ · 2026 SOD (annual) · 5.6% share · #7 of 8 inst. · $0.1B of $1.7B

100.0% Hidalgo
5.6% Cochise
14.3% Grant

Executive Summary

  • Earnings: ROA of 1.52%, up 5 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.64% of loans (-90 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 12.21%, up 25 bps from a year ago.
  • Funding: loans stand at 26.71% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.52%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+10 bps YoY

Efficiency Ratio (YTD, annualized)

54.03%-145 bps YoY

Tier 1 Leverage Ratio

12.21%+25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.48%1.56%1.61%1.49%1.52%+5 bps
Return on Equity12.58%13.49%14.05%13.46%13.71%+113 bps
Net Interest Margin3.51%3.52%3.47%3.56%3.61%+10 bps
Efficiency Ratio55.48%53.71%52.56%54.41%54.03%-145 bps
Non-Interest Burden1.66%1.59%1.52%1.65%1.66%0 bps
Growth
Asset Growth (YoY)6.64%10.38%9.91%10.56%4.55%-209 bps
Loan Growth (YoY)-1.26%-3.79%-1.01%4.88%3.60%+486 bps
Deposit Growth (YoY)7.53%12.59%11.20%12.47%4.09%-344 bps
Asset Quality
Nonperforming Loans / Loans1.54%1.05%0.75%0.72%0.64%-90 bps
Net Charge-Offs / Loans0.00%0.05%0.21%-0.06%-0.07%-7 bps
Allowance / Loans2.12%2.16%1.96%2.00%1.94%-18 bps
Allowance Coverage of NPLs1.4x2.1x2.6x2.8x3.0x+1.7x
Capital
Tier 1 Leverage Ratio11.96%11.89%11.74%11.96%12.21%+25 bps
Total Risk-Based Capital33.71%34.17%33.70%33.70%34.21%+50 bps
Equity / Assets10.78%10.96%11.17%10.96%11.22%+45 bps
Liquidity & Funding
Loans / Deposits26.84%25.52%26.26%25.34%26.71%-13 bps
Liquid Assets / Assets38.76%38.94%36.18%37.67%36.31%-245 bps
CRE / Total Capitaln/a45.69%51.93%49.77%n/an/a