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First National Bank of Hugo

Hugo, CO · Cert 3029

National charter · 3 branches

Q1 2026

$151.1MAssets
$70.4MLoans
$135.6MDeposits
$15.0MEquity
Loan mix
97%RE $58.3M1%C&I $0.7M2%Consumer $1.1MQ2 2024Q1 2026
Deposit mix
67%Interest-bearing $91.0M33%Noninterest $44.7MQ2 2024Q1 2026

Executive Summary

  • Earnings: ROA of -6.08%, down 682 bps year over year; NIM at 2.76%.
  • Asset quality: problem loans at 0.00% of loans (-31 bps YoY), with net recoveries of 0.10%.
  • Capital: tier 1 leverage ratio of 9.52%, down 195 bps from a year ago.
  • Funding: loans stand at 51.90% of deposits as of Q1 2026.

Return on Assets (YTD, annualized)

-6.08%-682 bps YoY

Net Interest Margin (YTD, annualized)

2.76%+18 bps YoY

Efficiency Ratio (YTD, annualized)

74.84%-793 bps YoY

Tier 1 Leverage Ratio

9.52%-195 bps YoY

NIM

3.62%Q1 ’243.70%Q1 ’253.91%Q1 ’26+5%+7%

Non-interest income vs. expense

2.05%Q1 ’242.32%Q1 ’252.23%Q1 ’26+16%-4%

Year to date, annualized, through each quarter.

MetricQ2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026YoY ΔTrend
Earnings
Return on Assets0.63%0.72%0.63%0.75%0.81%0.81%0.83%-6.08%-682 bps
Return on Equity7.48%8.30%7.22%8.14%8.94%8.76%8.90%-61.98%-7,012 bps
Net Interest Margin2.42%2.49%2.52%2.58%2.58%2.64%2.62%2.76%+18 bps
Efficiency Ratio76.88%78.64%78.95%82.77%77.57%77.34%74.77%74.84%-793 bps
Non-Interest Burden1.78%1.88%1.91%2.08%1.92%1.97%1.85%2.00%-8 bps
Growth
Asset Growth (YoY)1.34%0.05%-2.31%0.13%-0.41%1.45%7.78%5.97%+584 bps
Loan Growth (YoY)-10.55%-12.12%-11.65%-8.78%-4.96%-3.73%3.82%1.13%+991 bps
Deposit Growth (YoY)4.58%4.29%0.14%1.47%-1.02%1.10%7.68%5.36%+388 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.03%0.04%0.31%0.08%0.00%0.00%0.00%-31 bps
Net Charge-Offs / Loans0.03%0.02%0.10%-0.01%-0.06%-0.01%-0.01%-0.10%-10 bps
Allowance / Loans1.90%1.95%1.91%1.96%1.95%1.92%1.94%2.05%+10 bps
Allowance Coverage of NPLs71.0x71.0x52.3x6.2x23.8xn/an/an/an/a
Capital
Tier 1 Leverage Ratio10.77%11.14%11.18%11.46%10.93%11.15%10.86%9.52%-195 bps
Total Risk-Based Capital10.77%11.14%11.18%11.46%10.93%11.15%10.86%9.52%-195 bps
Equity / Assets8.25%9.56%8.97%9.36%8.86%9.79%9.70%9.91%+54 bps
Liquidity & Funding
Loans / Deposits54.57%56.00%56.65%54.07%52.39%53.33%54.61%51.90%-217 bps
Liquid Assets / Assets9.85%9.35%9.32%8.76%8.55%8.70%7.99%15.55%+679 bps
CRE / Total Capitaln/an/an/an/an/a88.10%89.41%97.92%n/a