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Newport Federal Bank

Newport, TN · Cert 29089 · United Tennessee Bankshares

State savings bank · OCC · 2 branches

Q2 2026

$276.8MAssets
$132.1MLoans
$250.5MDeposits
$23.2MEquity
Loan mix
97%RE $126.1M1%C&I $1.0M3%Consumer $3.3MQ3 2024Q2 2026
Deposit mix
91%Interest-bearing $229.1M9%Noninterest $21.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.83%, up 12 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.69% of loans (+15 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.42%, up 27 bps from a year ago.
  • Funding: loans stand at 52.72% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.83%+12 bps YoY

Net Interest Margin (YTD, annualized)

2.66%+31 bps YoY

Efficiency Ratio (YTD, annualized)

64.27%-379 bps YoY

Tier 1 Leverage Ratio

10.42%+27 bps YoY

NIM

3.95%Q2 ’244.10%Q2 ’254.20%Q2 ’26+9%+13%

Non-interest income vs. expense

1.81%Q2 ’241.92%Q2 ’251.88%Q2 ’26-5%+12%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.51%0.47%0.62%0.72%0.71%0.73%0.79%0.83%+12 bps
Return on Equity7.25%6.70%8.52%9.84%9.48%9.42%9.41%9.91%+7 bps
Net Interest Margin2.13%2.13%2.27%2.34%2.40%2.45%2.60%2.66%+31 bps
Efficiency Ratio74.53%76.37%71.15%68.05%68.22%67.88%65.24%64.27%-379 bps
Non-Interest Burden1.51%1.56%1.50%1.44%1.51%1.54%1.60%1.61%+17 bps
Growth
Asset Growth (YoY)3.19%3.00%2.37%1.74%1.03%1.53%2.15%0.85%-89 bps
Loan Growth (YoY)3.95%3.60%5.41%5.11%2.84%5.01%4.80%5.43%+32 bps
Deposit Growth (YoY)0.80%2.78%1.36%0.84%0.35%-0.10%1.22%-0.21%-105 bps
Asset Quality
Nonperforming Loans / Loans0.51%0.56%0.11%0.54%0.69%0.35%0.26%0.69%+15 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.38%1.34%1.31%1.30%1.32%1.27%1.25%1.23%-7 bps
Allowance Coverage of NPLs2.7x2.4x11.9x2.4x1.9x3.6x4.7x1.8x-0.6x
Capital
Tier 1 Leverage Ratio10.14%10.21%10.31%10.15%10.33%10.52%10.59%10.42%+27 bps
Total Risk-Based Capital22.69%22.54%22.97%22.67%23.61%23.28%23.50%22.93%+26 bps
Equity / Assets7.64%7.04%7.47%7.39%8.19%8.53%8.33%8.39%+101 bps
Liquidity & Funding
Loans / Deposits48.68%48.93%49.43%49.90%49.89%51.43%51.18%52.72%+282 bps
Liquid Assets / Assets8.20%6.94%7.32%7.42%6.17%3.95%5.27%4.02%-339 bps
CRE / Total Capitaln/an/an/an/a81.55%83.00%84.58%n/an/a