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Verus Bank of Commerce

Fort Collins, CO · Cert 58025 · Verus Acquisition Group Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$202.4MAssets
$176.4MLoans
$162.9MDeposits
$37.7MEquity
Loan mix
93%RE $165.1M6%C&I $11.0M1%Consumer $1.3MQ3 2024Q2 2026
Deposit mix
68%Interest-bearing $111.5M32%Noninterest $51.4MQ3 2024Q2 2026

Market Position · Fort Collins-Loveland, CO · 2026 SOD (annual) · 1.6% share · #11 of 28 inst. · $0.2B of $10.4B

Executive Summary

  • Earnings: ROA of 1.02%, up 16 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.46%, down 88 bps from a year ago.
  • Funding: loans stand at 108.34% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.02%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.94%+11 bps YoY

Efficiency Ratio (YTD, annualized)

68.44%-453 bps YoY

Tier 1 Leverage Ratio

18.46%-88 bps YoY

NIM

5.63%Q2 ’245.77%Q2 ’255.70%Q2 ’26+1%+3%

Non-interest income vs. expense

2.71%Q2 ’243.03%Q2 ’252.86%Q2 ’26+12%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.25%0.61%0.86%1.00%1.20%0.82%1.02%+16 bps
Return on Equity5.83%6.58%3.20%4.45%5.10%6.19%4.45%5.50%+105 bps
Net Interest Margin3.80%3.89%3.77%3.82%3.89%3.84%3.95%3.94%+11 bps
Efficiency Ratio64.25%60.56%80.44%72.97%68.98%62.87%74.13%68.44%-453 bps
Non-Interest Burden2.33%2.23%2.97%2.69%2.58%2.30%2.86%2.61%-8 bps
Growth
Asset Growth (YoY)-5.29%-0.38%-7.94%-3.29%0.09%-0.33%8.57%7.97%+1,125 bps
Loan Growth (YoY)2.05%5.68%0.56%-1.82%0.62%-0.25%6.57%7.31%+913 bps
Deposit Growth (YoY)-0.66%-1.77%0.99%3.29%-1.38%-7.56%8.47%11.71%+841 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.82%0.80%0.81%0.82%0.81%0.79%0.76%0.77%-5 bps
Allowance Coverage of NPLs1.8xn/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio19.35%18.64%18.76%19.34%19.79%18.62%18.61%18.46%-88 bps
Total Risk-Based Capital19.35%18.64%18.76%19.34%19.79%18.62%18.61%18.46%-88 bps
Equity / Assets20.03%18.99%19.28%19.88%19.90%19.19%17.94%18.65%-123 bps
Liquidity & Funding
Loans / Deposits115.52%112.19%111.96%112.77%117.87%121.07%110.00%108.34%-443 bps
Liquid Assets / Assets9.42%8.59%9.57%9.27%9.01%8.54%9.59%8.16%-111 bps
CRE / Total Capitaln/an/an/an/a344%360%377%n/an/a