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Letter portraitLegal landscapeQuarterYTD

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 $2.9MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $322.3M15%Noninterest $57.5MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.49%0.51%0.69%0.78%0.80%0.87%1.09%1.10%+32 bps
Return on Equity5.02%5.22%7.06%7.94%7.86%8.40%9.68%9.73%+179 bps
Net Interest Margin2.04%2.06%2.39%2.43%2.49%2.54%2.78%2.80%+37 bps
Efficiency Ratio76.53%75.58%68.99%65.33%65.14%62.59%56.15%56.52%-881 bps
Non-Interest Burden1.52%1.51%1.60%1.53%1.56%1.52%1.46%1.49%-3 bps
Growth
Asset Growth (YoY)6.46%4.74%4.83%3.08%2.58%2.55%4.56%3.62%+54 bps
Loan Growth (YoY)5.99%6.73%4.53%3.32%5.10%5.72%6.86%8.34%+502 bps
Deposit Growth (YoY)6.09%6.55%5.76%2.35%0.10%-0.12%2.83%2.12%-24 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.43%0.23%0.22%0.38%0.34%0.53%0.37%+14 bps
Net Charge-Offs / Loans0.01%0.02%-0.01%-0.01%-0.01%0.00%-0.01%0.00%0 bps
Allowance / Loans2.08%2.05%2.13%2.04%1.97%1.93%1.99%1.88%-16 bps
Allowance Coverage of NPLs16.2x4.8x9.4x9.2x5.2x5.6x3.7x5.1x-4.1x
Capital
Tier 1 Leverage Ratio12.77%12.51%12.66%12.64%12.93%12.89%13.13%13.13%+49 bps
Total Risk-Based Capital12.77%12.51%12.66%12.64%12.93%12.89%13.13%13.13%+49 bps
Equity / Assets10.42%9.44%10.00%10.05%11.09%11.29%11.21%11.31%+126 bps
Liquidity & Funding
Loans / Deposits63.38%62.90%60.29%62.30%66.54%66.58%62.66%66.09%+379 bps
Liquid Assets / Assets4.33%4.37%6.67%4.59%2.08%2.66%6.95%3.65%-93 bps
CRE / Total Capitaln/an/an/an/a37.51%37.66%36.33%n/an/a