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First National Bank of Orwell

Orwell, VT · Cert 6280

National charter · OCC · 2 branches

Q2 2026

$91.5MAssets
$68.0MLoans
$80.5MDeposits
$10.4MEquity
Loan mix
94%RE $62.8M4%C&I $2.8M2%Consumer $1.1MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $60.1M25%Noninterest $20.4MQ2 2025Q2 2026

NIM

6.12%Q2 ’246.41%Q2 ’256.02%Q2 ’260%-1%

Non-interest income vs. expense

2.81%Q2 ’242.70%Q2 ’252.84%Q2 ’26-4%+4%

Executive Summary

  • Earnings: ROA of 1.43%, down 2 bps year over year; NIM at 4.32%.
  • Asset quality: problem loans at 2.33% of loans (+34 bps YoY), with net recoveries of 0.04%.
  • Capital: tier 1 leverage ratio of 11.42%, up 16 bps from a year ago.
  • Funding: loans stand at 84.49% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.43%-2 bps YoY

Net Interest Margin (quarter, annualized)

4.32%-4 bps YoY

Efficiency Ratio (quarter, annualized)

61.40%+287 bps YoY

Tier 1 Leverage Ratio

11.42%+16 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.44%1.50%1.12%1.54%1.43%-2 bps
Return on Equity12.71%13.17%9.71%13.29%12.38%-33 bps
Net Interest Margin4.36%4.48%4.62%4.38%4.32%-4 bps
Efficiency Ratio58.53%55.52%60.53%59.13%61.40%+287 bps
Non-Interest Burden2.45%2.38%2.69%2.44%2.54%+9 bps
Growth
Asset Growth (YoY)8.00%5.21%-0.05%2.39%4.25%-375 bps
Loan Growth (YoY)6.50%2.42%3.79%-4.03%-6.92%-1,342 bps
Deposit Growth (YoY)8.62%5.33%-0.61%2.16%4.23%-439 bps
Asset Quality
Nonperforming Loans / Loans1.99%2.00%1.29%1.44%2.33%+34 bps
Net Charge-Offs / Loans0.01%-0.01%0.85%0.43%-0.04%-5 bps
Allowance / Loans1.30%1.39%1.33%1.32%1.34%+4 bps
Allowance Coverage of NPLs0.7x0.7x1.0x0.9x0.6x-0.1x
Capital
Tier 1 Leverage Ratio11.26%11.46%11.03%11.76%11.42%+16 bps
Total Risk-Based Capital11.26%11.46%11.03%11.76%11.42%+16 bps
Equity / Assets11.34%11.40%11.59%11.65%11.42%+8 bps
Liquidity & Funding
Loans / Deposits94.62%90.86%95.63%86.60%84.49%-1,013 bps
Liquid Assets / Assets12.16%16.02%11.28%19.16%21.45%+929 bps
CRE / Total Capitaln/a95.98%80.10%50.64%n/an/a