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Letter portraitLegal landscapeQuarterYTD

Canandaigua National Bank and Trust Company, The

Canandaigua, NY · Cert 6985 · Canandaigua National Corp.

National charter · OCC · 28 branches

Q2 2026

$5.4BAssets
$4.1BLoans
$4.6BDeposits
$479.5MEquity
Loan mix
70%RE $2.8B11%C&I $0.4B19%Consumer $0.8BQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $3.7B19%Noninterest $0.9BQ3 2024Q2 2026

Market Position · Rochester, NY · 2026 SOD (annual) · 16.7% share · #2 of 19 inst. · $4.5B of $27.0B

12.5% Monroe
52.4% Ontario
0.3% Onondaga

Executive Summary

  • Earnings: ROA of 1.21%, up 11 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.83% of loans (-18 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 9.01%, up 39 bps from a year ago.
  • Funding: loans stand at 89.73% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.21%+11 bps YoY

Net Interest Margin (quarter, annualized)

3.43%+25 bps YoY

Efficiency Ratio (quarter, annualized)

60.01%+143 bps YoY

Tier 1 Leverage Ratio

9.01%+39 bps YoY

NIM

4.95%Q2 ’245.21%Q2 ’255.31%Q2 ’26+17%+8%

Non-interest income vs. expense

2.42%Q2 ’242.50%Q2 ’252.71%Q2 ’26+5%+15%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.99%1.06%1.13%1.09%1.30%1.10%1.34%1.21%+11 bps
Return on Equity12.46%13.08%13.94%13.32%15.50%12.92%15.62%13.88%+56 bps
Net Interest Margin2.93%3.09%3.10%3.18%3.31%3.36%3.36%3.43%+25 bps
Efficiency Ratio63.05%61.33%61.01%58.58%58.92%62.71%58.30%60.01%+143 bps
Non-Interest Burden1.43%1.47%1.50%1.41%1.49%1.71%1.55%1.62%+21 bps
Growth
Asset Growth (YoY)0.62%3.57%4.29%5.00%6.19%5.32%6.01%4.38%-62 bps
Loan Growth (YoY)1.13%2.81%2.40%4.06%3.49%3.05%4.75%4.81%+75 bps
Deposit Growth (YoY)1.71%11.46%11.58%12.56%13.95%9.30%8.69%9.12%-344 bps
Asset Quality
Nonperforming Loans / Loans1.04%1.08%1.03%1.01%1.08%0.93%0.88%0.83%-18 bps
Net Charge-Offs / Loans0.13%0.22%0.41%0.44%0.14%0.18%0.13%0.07%-37 bps
Allowance / Loans1.03%1.04%0.98%0.95%0.95%0.96%0.93%0.94%0 bps
Allowance Coverage of NPLs1.0x1.0x0.9x0.9x0.9x1.0x1.0x1.1x+0.2x
Capital
Tier 1 Leverage Ratio8.36%8.54%8.48%8.62%8.66%8.74%8.66%9.01%+39 bps
Total Risk-Based Capital12.23%12.55%12.52%12.73%13.01%13.35%13.38%13.38%+65 bps
Equity / Assets8.04%8.10%8.06%8.33%8.40%8.62%8.50%8.87%+54 bps
Liquidity & Funding
Loans / Deposits100.94%94.98%91.33%93.42%91.68%89.54%88.01%89.73%-369 bps
Liquid Assets / Assets10.13%11.42%13.45%12.02%13.67%13.61%13.88%10.34%-168 bps
CRE / Total Capitaln/an/an/an/a324%318%309%n/an/a