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Pioneer Bank

Roswell, NM · Cert 27872 · Pioneer Bcorp Inc.

State savings bank · OCC · 11 branches

Q2 2026

$1.1BAssets
$628.0MLoans
$850.8MDeposits
$116.2MEquity
Loan mix
76%RE $503.2M23%C&I $154.5M1%Consumer $5.4MQ2 2025Q2 2026
Deposit mix
65%Interest-bearing $554.6M35%Noninterest $296.2MQ2 2025Q2 2026

NIM

5.23%Q2 ’245.15%Q2 ’255.36%Q2 ’26+2%+2%

Non-interest income vs. expense

2.81%Q2 ’242.94%Q2 ’252.75%Q2 ’26+7%-12%

Market Position · Las Cruces, NM · 2026 SOD (annual) · 4.7% share · #5 of 17 inst. · $0.2B of $3.3B

25.3% Chaves
5.4% Eddy
4.7% Dona Ana
11.2% Lincoln

Executive Summary

  • Earnings: ROA of 2.03%, up 25 bps year over year; NIM at 4.53%.
  • Asset quality: problem loans at 1.71% of loans (-52 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 12.32%, up 101 bps from a year ago.
  • Funding: loans stand at 73.81% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.03%+25 bps YoY

Net Interest Margin (YTD, annualized)

4.53%+9 bps YoY

Efficiency Ratio (YTD, annualized)

49.92%-476 bps YoY

Tier 1 Leverage Ratio

12.32%+101 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.78%1.73%1.73%1.80%2.03%+25 bps
Return on Equity19.49%18.59%18.29%17.75%19.73%+25 bps
Net Interest Margin4.45%4.43%4.41%4.39%4.53%+9 bps
Efficiency Ratio54.68%53.11%53.60%53.44%49.92%-476 bps
Non-Interest Burden2.01%1.92%1.93%1.91%1.77%-24 bps
Growth
Asset Growth (YoY)1.47%3.64%14.87%4.00%1.96%+48 bps
Loan Growth (YoY)11.08%25.11%18.91%14.89%2.43%-865 bps
Deposit Growth (YoY)6.14%0.53%10.39%-0.35%0.40%-574 bps
Asset Quality
Nonperforming Loans / Loans2.24%1.86%1.64%2.19%1.71%-52 bps
Net Charge-Offs / Loans0.20%0.28%0.24%-0.17%-0.01%-21 bps
Allowance / Loans1.54%1.73%1.79%1.87%2.01%+47 bps
Allowance Coverage of NPLs0.7x0.9x1.1x0.9x1.2x+0.5x
Capital
Tier 1 Leverage Ratio11.31%11.32%11.49%11.75%12.32%+101 bps
Total Risk-Based Capital17.97%17.34%17.24%17.32%18.77%+80 bps
Equity / Assets9.43%9.76%9.98%10.25%10.62%+118 bps
Liquidity & Funding
Loans / Deposits72.35%76.84%77.79%81.22%73.81%+146 bps
Liquid Assets / Assets1.78%2.21%5.14%1.03%6.36%+458 bps
CRE / Total Capitaln/a326%347%349%n/an/a