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Mesilla Valley Bank

Las Cruces, NM · Cert 35492

FDIC · 6 branches

Q4 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2023, the quarter ended December 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Mesilla Valley Bank

Las Cruces, NM · Cert 35492

FDIC · 6 branches

Q4 2023

$326.9MAssets
$252.8MLoans
$281.0MDeposits
$37.0MEquity
Loan mix
60%RE $121.5M39%C&I $79.2M1%Consumer $1.9MQ4 2022Q4 2023
Deposit mix
58%Interest-bearing $164.1M42%Noninterest $116.9MQ4 2022Q4 2023

NIM

4.11%Q4 ’214.05%Q4 ’225.51%Q4 ’23+0%+17%

Non-interest income vs. expense

2.98%Q4 ’212.59%Q4 ’222.99%Q4 ’23-12%+17%

Market Position · El Paso, TX · 2023 SOD (annual) · 1.9% share · #9 of 17 inst. · $0.2B of $11.1B

1.9% El Paso
1.8% Dona Ana
2.7% Luna

Executive Summary

  • Earnings: ROA of 1.46%, up 19 bps year over year; NIM at 4.51%.
  • Asset quality: problem loans at 0.00% of loans (-1 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 11.94%, up 156 bps from a year ago.
  • Funding: loans stand at 89.96% of deposits as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

1.46%+19 bps YoY

Net Interest Margin (YTD, annualized)

4.51%+65 bps YoY

Efficiency Ratio (YTD, annualized)

60.77%-13 bps YoY

Tier 1 Leverage Ratio

11.94%+156 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets1.28%1.89%1.67%1.60%1.46%+19 bps
Return on Equity12.96%19.14%16.29%15.38%13.79%+83 bps
Net Interest Margin3.86%5.14%4.87%4.61%4.51%+65 bps
Efficiency Ratio60.90%54.61%58.57%58.96%60.77%-13 bps
Non-Interest Burden2.28%2.72%2.77%2.64%2.67%+39 bps
Growth
Asset Growth (YoY)7.78%6.27%-2.70%-2.58%0.89%-689 bps
Loan Growth (YoY)2.98%8.91%0.27%-3.22%5.49%+251 bps
Deposit Growth (YoY)11.40%2.27%-4.35%-4.44%-2.45%-1,385 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.01%0.01%0.01%0.00%-1 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.02%-0.07%-0.05%-3 bps
Allowance / Loans1.16%1.17%1.22%1.27%1.17%+1 bps
Allowance Coverage of NPLs73.2x91.9x150.5x211.6x370.3x+297.0x
Capital
Tier 1 Leverage Ratio10.38%11.13%11.40%11.37%11.94%+156 bps
Total Risk-Based Capital10.38%14.93%14.18%15.96%15.42%+505 bps
Equity / Assets9.87%9.92%10.94%11.00%11.33%+147 bps
Liquidity & Funding
Loans / Deposits83.19%88.29%83.74%81.05%89.96%+677 bps
Liquid Assets / Assets20.88%21.52%21.94%24.13%17.89%-299 bps
CRE / Total Capitaln/an/an/an/an/an/an/a