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First Southwest Bank

Durango, CO · Cert 57741 · First Southwest Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

81

Q2 2024Q2 2026peer median (50)

Asset Quality

55

Q2 2024Q2 2026peer median (50)

Profitability

26

Q2 2024Q2 2026peer median (50)

Liquidity

65

Q2 2024Q2 2026peer median

Efficiency

24

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 Southwest Bank

Durango, CO · Cert 57741 · First Southwest Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$657.5MAssets
$341.9MLoans
$491.7MDeposits
$87.2MEquity
Loan mix
87%RE $280.4M11%C&I $34.5M2%Consumer $8.0MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $411.2M16%Noninterest $80.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.60%, up 29 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 0.04% of loans (-27 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 15.31%, down 167 bps from a year ago.
  • Funding: loans stand at 69.54% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.60%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.23%+34 bps YoY

Efficiency Ratio (YTD, annualized)

79.89%-947 bps YoY

Tier 1 Leverage Ratio

15.31%-167 bps YoY

NIM

4.42%Q2 ’244.48%Q2 ’254.89%Q2 ’26-10%+12%

Non-interest income vs. expense

3.12%Q2 ’243.00%Q2 ’252.94%Q2 ’26+14%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.75%1.08%0.11%0.31%0.64%0.81%0.69%0.60%+29 bps
Return on Equity4.60%6.62%0.71%2.02%4.21%5.50%5.17%4.48%+246 bps
Net Interest Margin3.25%3.10%3.02%2.89%2.92%2.96%3.12%3.23%+34 bps
Efficiency Ratio71.56%64.52%96.73%89.35%76.55%71.88%79.26%79.89%-947 bps
Non-Interest Burden1.95%1.36%2.89%2.51%2.00%1.81%2.34%2.47%-4 bps
Growth
Asset Growth (YoY)5.58%3.29%11.69%17.85%21.11%17.28%8.09%5.45%-1,240 bps
Loan Growth (YoY)7.97%6.21%9.47%11.57%10.32%10.33%11.49%8.68%-289 bps
Deposit Growth (YoY)1.84%4.39%16.70%26.54%32.74%25.27%12.61%7.04%-1,950 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.12%0.22%0.31%0.06%0.12%0.05%0.04%-27 bps
Net Charge-Offs / Loans0.04%0.01%0.12%0.07%0.30%0.36%0.11%0.05%-2 bps
Allowance / Loans1.47%1.45%1.41%1.43%1.42%1.40%1.30%1.32%-11 bps
Allowance Coverage of NPLs11.6x11.9x6.3x4.6x25.3x11.9x24.0x30.4x+25.8x
Capital
Tier 1 Leverage Ratio19.81%19.30%18.64%16.98%16.74%15.31%15.15%15.31%-167 bps
Total Risk-Based Capital34.91%34.58%33.93%32.13%31.99%28.33%28.13%27.81%-432 bps
Equity / Assets17.15%16.18%15.32%14.48%14.58%13.19%13.55%13.27%-121 bps
Liquidity & Funding
Loans / Deposits79.84%76.32%70.40%68.49%66.35%67.22%69.70%69.54%+105 bps
Liquid Assets / Assets9.39%14.36%12.53%7.86%10.18%9.44%6.94%7.02%-84 bps
CRE / Total Capitaln/an/an/an/a154.30%168.84%168.18%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 Southwest Bank

Durango, CO · Cert 57741 · Peer group: banks under $1B in assets (n=581-629) · First Southwest Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$657.5MAssets
$341.9MLoans
$491.7MDeposits
$87.2MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 85% of banks under $1B in assets (rank 96 of 629).
  • Widest gap: return on equity trails 80% of banks under $1B in assets (rank 502 of 629).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.60%

Rank 477 of 629

Net Interest Margin

3.23%

Rank 417 of 629

Efficiency Ratio

79.89%

Rank 482 of 629

Equity / Assets

13.27%

Rank 179 of 629

Non-interest income vs. expense

$3.0M$19.1MINCOMEEXPENSE
Unfavorable gap of $16.1M · efficiency ratio beats 24% of banks under $1B in assets
Bank 79.89%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.60%0.60%1.01%1.45%Beats 24%477 / 629
Return on Equity4.49%5.38%9.30%13.28%Beats 20%502 / 629
Net Interest Margin3.23%3.03%3.54%4.05%Beats 34%417 / 629
Efficiency Ratio79.89%58.35%67.79%79.08%Beats 24%482 / 629
Asset Quality
Nonperforming Loans / Loans0.04%0.09%0.46%1.20%Beats 81%111 / 581
Net Charge-Offs / Loans0.05%n/a0.01%0.06%Beats 28%418 / 581
Capital
Tier 1 Capital Ratio26.56%11.24%13.84%18.77%Beats 85%96 / 629
Total Risk-Based Capital Ratio27.81%11.58%14.43%19.66%Beats 85%96 / 629
Equity / Assets13.27%9.09%10.65%13.80%Beats 72%179 / 629
Liquidity & Funding
Loans / Deposits69.54%67.24%80.90%93.48%30th pctl417 / 594
Loans / Assets52.00%53.31%67.71%78.15%24th pctl481 / 629
Brokered Deposits / Depositsn/aNot reported for this institution