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Valley Bank of Commerce

Roswell, NM · Cert 22600 · Commerce Bancshares Roswell Employee STK Ownership Plan

State charter, non-member · FDIC · 3 branches

Q2 2026

$304.1MAssets
$157.9MLoans
$260.2MDeposits
$43.5MEquity
Loan mix
57%RE $52.5M42%C&I $38.8M0%Consumer $0.4MQ2 2025Q2 2026
Deposit mix
54%Interest-bearing $140.8M46%Noninterest $119.3MQ2 2025Q2 2026

NIM

7.57%Q2 ’246.33%Q2 ’256.20%Q2 ’26-14%+3%

Non-interest income vs. expense

2.00%Q2 ’241.93%Q2 ’252.18%Q2 ’26-6%+12%

Executive Summary

  • Earnings: ROA of 2.77%, up 10 bps year over year; NIM at 5.47%.
  • Asset quality: problem loans at 3.32% of loans (+16 bps YoY), with net recoveries of 0.15%.
  • Capital: tier 1 leverage ratio of 14.47%, up 211 bps from a year ago.
  • Funding: loans stand at 60.68% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.77%+10 bps YoY

Net Interest Margin (YTD, annualized)

5.47%+18 bps YoY

Efficiency Ratio (YTD, annualized)

37.91%+295 bps YoY

Tier 1 Leverage Ratio

14.47%+211 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.67%2.76%2.76%2.74%2.77%+10 bps
Return on Equity21.15%20.89%20.43%19.25%19.44%-171 bps
Net Interest Margin5.29%5.44%5.67%5.53%5.47%+18 bps
Efficiency Ratio34.97%35.42%35.53%36.93%37.91%+295 bps
Non-Interest Burden1.70%1.75%1.81%1.86%1.89%+20 bps
Growth
Asset Growth (YoY)2.33%0.40%4.58%-13.98%13.61%+1,128 bps
Loan Growth (YoY)-4.68%0.78%6.00%10.81%9.60%+1,428 bps
Deposit Growth (YoY)1.21%-1.02%3.65%-17.39%13.58%+1,238 bps
Asset Quality
Nonperforming Loans / Loans3.16%4.21%3.26%3.05%3.32%+16 bps
Net Charge-Offs / Loans0.06%0.01%0.48%-0.12%-0.15%-21 bps
Allowance / Loans2.09%1.99%1.69%1.76%1.84%-25 bps
Allowance Coverage of NPLs0.7x0.5x0.5x0.6x0.6x-0.1x
Capital
Tier 1 Leverage Ratio12.37%13.79%14.94%14.00%14.47%+211 bps
Total Risk-Based Capital25.39%25.82%25.04%23.11%24.56%-83 bps
Equity / Assets14.31%15.15%14.63%13.85%14.32%+1 bps
Liquidity & Funding
Loans / Deposits62.88%67.44%63.28%62.80%60.68%-220 bps
Liquid Assets / Assets38.69%34.80%38.91%39.97%42.58%+390 bps
CRE / Total Capitaln/a61.93%63.60%73.60%n/an/a