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Letter portraitLegal landscapeQuarterYTD

First National Bank of Dryden, The

Dryden, NY · Cert 7031

National charter · OCC · 3 branches

Q2 2026

$203.9MAssets
$102.1MLoans
$179.6MDeposits
$24.2MEquity
Loan mix
69%RE $69.9M13%C&I $12.7M18%Consumer $18.0MQ3 2024Q2 2026
Deposit mix
60%Interest-bearing $107.4M40%Noninterest $72.2MQ3 2024Q2 2026

Market Position · Ithaca, NY · 2026 SOD (annual) · 3.3% share · #8 of 11 inst. · $0.1B of $2.9B

3.3% Tompkins
9.5% Cortland

Executive Summary

  • Earnings: ROA of 1.48%, down 47 bps year over year; NIM at 4.25%.
  • Asset quality: problem loans at 0.93% of loans (-7 bps YoY), with net charge-offs at 0.58%.
  • Capital: tier 1 leverage ratio of 13.55%, up 95 bps from a year ago.
  • Funding: loans stand at 56.88% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.48%-47 bps YoY

Net Interest Margin (YTD, annualized)

4.25%+13 bps YoY

Efficiency Ratio (YTD, annualized)

50.68%+709 bps YoY

Tier 1 Leverage Ratio

13.55%+95 bps YoY

NIM

4.12%Q2 ’244.30%Q2 ’254.50%Q2 ’26+5%+3%

Non-interest income vs. expense

1.80%Q2 ’241.86%Q2 ’252.26%Q2 ’26+4%+20%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.77%1.29%2.06%1.95%1.68%1.43%1.81%1.48%-47 bps
Return on Equity20.54%14.81%21.84%20.16%16.77%13.87%16.06%12.94%-721 bps
Net Interest Margin4.18%4.26%4.07%4.11%4.24%4.25%4.20%4.25%+13 bps
Efficiency Ratio43.30%50.45%42.22%43.59%42.95%50.30%45.57%50.68%+709 bps
Non-Interest Burden1.70%2.06%1.64%1.70%1.72%2.05%1.80%2.05%+35 bps
Growth
Asset Growth (YoY)-2.58%-2.59%-6.27%-4.00%-1.09%-1.33%-1.68%-4.11%-10 bps
Loan Growth (YoY)16.57%11.17%9.51%9.61%9.25%9.01%8.95%7.01%-260 bps
Deposit Growth (YoY)-5.72%-3.56%-7.91%-5.87%-2.60%-3.80%-3.34%-5.83%+4 bps
Asset Quality
Nonperforming Loans / Loans1.17%0.85%0.80%1.00%1.29%1.41%0.92%0.93%-7 bps
Net Charge-Offs / Loans0.13%0.17%0.13%0.13%0.16%0.15%0.76%0.58%+46 bps
Allowance / Loans1.38%1.43%1.38%1.32%1.24%1.41%1.35%1.47%+15 bps
Allowance Coverage of NPLs1.2x1.7x1.7x1.3x1.0x1.0x1.5x1.6x+0.3x
Capital
Tier 1 Leverage Ratio12.56%12.42%12.40%12.60%13.10%13.24%13.31%13.55%+95 bps
Total Risk-Based Capital12.56%12.42%12.40%12.60%13.10%13.24%13.31%13.55%+95 bps
Equity / Assets9.65%9.32%9.58%10.17%11.00%11.47%11.05%11.85%+167 bps
Liquidity & Funding
Loans / Deposits46.02%49.26%47.95%50.06%51.62%55.82%54.04%56.88%+682 bps
Liquid Assets / Assets10.41%10.97%13.86%12.18%15.34%9.75%13.40%10.49%-169 bps
CRE / Total Capitaln/an/an/an/a48.69%50.19%49.78%n/an/a