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First National Bank of Monterey, The

Monterey, IN · Cert 4364

National charter · OCC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

48

Q2 2024Q2 2026peer median (50)

Asset Quality

58

Q2 2024Q2 2026peer median (50)

Profitability

36

Q2 2024Q2 2026peer median (50)

Liquidity

62

Q2 2024Q2 2026peer median

Efficiency

73

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

First National Bank of Monterey, The

Monterey, IN · Cert 4364

National charter · OCC · 4 branches

Q2 2026

$430.5MAssets
$251.0MLoans
$379.8MDeposits
$48.7MEquity
Loan mix
91%RE $178.0M7%C&I $14.4M1%Consumer $2.9MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $322.3M15%Noninterest $57.5MQ2 2025Q2 2026

NIM

4.56%Q2 ’244.52%Q2 ’254.67%Q2 ’26+13%+15%

Non-interest income vs. expense

1.83%Q2 ’241.70%Q2 ’251.70%Q2 ’26-7%-2%

Executive Summary

  • Earnings: ROA of 1.10%, up 32 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.37% of loans (+14 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.13%, up 49 bps from a year ago.
  • Funding: loans stand at 66.09% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.10%+32 bps YoY

Net Interest Margin (YTD, annualized)

2.80%+37 bps YoY

Efficiency Ratio (YTD, annualized)

56.52%-881 bps YoY

Tier 1 Leverage Ratio

13.13%+49 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.80%0.87%1.09%1.10%+32 bps
Return on Equity7.94%7.86%8.40%9.68%9.73%+179 bps
Net Interest Margin2.43%2.49%2.54%2.78%2.80%+37 bps
Efficiency Ratio65.33%65.14%62.59%56.15%56.52%-881 bps
Non-Interest Burden1.53%1.56%1.52%1.46%1.49%-3 bps
Growth
Asset Growth (YoY)3.08%2.58%2.55%4.56%3.62%+54 bps
Loan Growth (YoY)3.32%5.10%5.72%6.86%8.34%+502 bps
Deposit Growth (YoY)2.35%0.10%-0.12%2.83%2.12%-24 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.38%0.34%0.53%0.37%+14 bps
Net Charge-Offs / Loans-0.01%-0.01%0.00%-0.01%0.00%0 bps
Allowance / Loans2.04%1.97%1.93%1.99%1.88%-16 bps
Allowance Coverage of NPLs9.2x5.2x5.6x3.7x5.1x-4.1x
Capital
Tier 1 Leverage Ratio12.64%12.93%12.89%13.13%13.13%+49 bps
Total Risk-Based Capital12.64%12.93%12.89%13.13%13.13%+49 bps
Equity / Assets10.05%11.09%11.29%11.21%11.31%+126 bps
Liquidity & Funding
Loans / Deposits62.30%66.54%66.58%62.66%66.09%+379 bps
Liquid Assets / Assets4.59%2.08%2.66%6.95%3.65%-93 bps
CRE / Total Capitaln/a37.51%37.66%36.33%n/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First National Bank of Monterey, The

Monterey, IN · Cert 4364 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

National charter · OCC · 4 branches

Q2 2026

$430.5MAssets
$251.0MLoans
$379.8MDeposits
$48.7MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 73% of banks under $1B in assets operating in a single state (rank 206 of 746).
  • Widest gap: net interest margin trails 89% of banks under $1B in assets operating in a single state (rank 661 of 746).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.08%

Rank 358 of 746

Net Interest Margin

2.80%

Rank 661 of 746

Efficiency Ratio

56.52%

Rank 206 of 746

Equity / Assets

11.31%

Rank 295 of 746

Non-interest income vs. expense

$0.9M$7.6MINCOMEEXPENSE
Unfavorable gap of $6.6M · efficiency ratio beats 73% of banks under $1B in assets operating in a single state
Bank 56.52%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.08%0.72%1.06%1.45%Beats 52%358 / 746
Return on Equity9.59%6.74%10.51%13.63%Beats 44%421 / 746
Net Interest Margin2.80%3.17%3.68%4.16%Beats 11%661 / 746
Efficiency Ratio56.52%55.74%64.58%75.47%Beats 73%206 / 746
Asset Quality
Nonperforming Loans / Loans0.37%0.09%0.42%1.07%Beats 55%335 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 61%289 / 743
Capital
Tier 1 Capital Ratio13.13%11.55%13.75%17.60%Beats 44%421 / 746
Total Risk-Based Capital Ratio13.13%11.71%14.33%18.43%Beats 39%458 / 746
Equity / Assets11.31%8.90%10.51%13.06%Beats 60%295 / 746
Liquidity & Funding
Loans / Deposits66.09%61.31%78.27%90.78%31st pctl514 / 746
Loans / Assets58.30%53.60%66.97%76.08%33rd pctl499 / 746
Brokered Deposits / Depositsn/aNot reported for this institution