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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 1.27%, up 16 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.83% of loans (-18 bps YoY), with net charge-offs at 0.10%.
  • 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 (YTD, annualized)

1.27%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+29 bps YoY

Efficiency Ratio (YTD, annualized)

59.17%-59 bps YoY

Tier 1 Leverage Ratio

9.01%+39 bps YoY

NIM

4.88%Q2 ’245.10%Q2 ’255.28%Q2 ’26+15%+9%

Non-interest income vs. expense

2.46%Q2 ’242.48%Q2 ’252.62%Q2 ’26+1%+10%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%0.94%1.13%1.11%1.17%1.15%1.34%1.27%+16 bps
Return on Equity11.58%11.96%13.94%13.59%14.26%13.90%15.62%14.71%+112 bps
Net Interest Margin2.77%2.83%3.10%3.11%3.15%3.15%3.36%3.40%+29 bps
Efficiency Ratio65.00%64.01%61.01%59.76%59.47%60.32%58.30%59.17%-59 bps
Non-Interest Burden1.43%1.43%1.50%1.44%1.45%1.49%1.55%1.59%+15 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 / Loans0.11%0.14%0.41%0.42%0.33%0.29%0.13%0.10%-32 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