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Citizens and Farmers Bank

West Point, VA · Cert 10363 · C&F Financial Corp.

State charter, non-member · FDIC · 32 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=257 to 258). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

65

Q2 2024Q2 2026peer median (50)

Asset Quality

47

Q2 2024Q2 2026peer median (50)

Profitability

61

Q2 2024Q2 2026peer median (50)

Liquidity

75

Q2 2024Q2 2026peer median

Efficiency

33

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Citizens and Farmers Bank

West Point, VA · Cert 10363 · C&F Financial Corp.

State charter, non-member · FDIC · 32 branches

Q2 2026

$2.8BAssets
$2.2BLoans
$2.4BDeposits
$325.5MEquity
Loan mix
75%RE $1.6B3%C&I $0.1B23%Consumer $0.5BQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $1.8B24%Noninterest $0.6BQ2 2025Q2 2026

NIM

5.45%Q2 ’245.58%Q2 ’255.71%Q2 ’26+2%+5%

Non-interest income vs. expense

3.52%Q2 ’243.44%Q2 ’253.55%Q2 ’26-7%+2%

Market Position · Richmond, VA · 2026 SOD (annual) · 2.5% share · #6 of 30 inst. · $1.5B of $60.7B

100.0% New Kent
3.7% Chesterfield
2.9% Henrico
40.9% King William

Executive Summary

  • Earnings: ROA of 1.27%, up 14 bps year over year; NIM at 4.27%.
  • Asset quality: problem loans at 0.09% of loans (0 bps YoY), with net charge-offs at 0.57%.
  • Capital: tier 1 leverage ratio of 11.20%, down 6 bps from a year ago.
  • Funding: loans stand at 90.69% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.27%+14 bps YoY

Net Interest Margin (YTD, annualized)

4.27%+22 bps YoY

Efficiency Ratio (YTD, annualized)

64.72%-140 bps YoY

Tier 1 Leverage Ratio

11.20%-6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.12%1.16%1.15%1.14%1.27%+14 bps
Return on Equity10.72%10.79%10.60%10.01%11.04%+32 bps
Net Interest Margin4.06%4.06%4.04%4.19%4.27%+22 bps
Efficiency Ratio66.11%65.36%65.12%64.86%64.72%-140 bps
Non-Interest Burden2.27%2.25%2.23%2.28%2.31%+4 bps
Growth
Asset Growth (YoY)7.88%6.26%7.93%7.70%4.65%-323 bps
Loan Growth (YoY)7.30%4.43%7.89%8.14%6.05%-125 bps
Deposit Growth (YoY)6.78%7.45%7.94%8.32%5.29%-150 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.13%0.10%0.10%0.09%0 bps
Net Charge-Offs / Loans0.56%0.57%0.58%0.65%0.57%+1 bps
Allowance / Loans1.94%1.93%1.89%1.86%1.84%-11 bps
Allowance Coverage of NPLs21.3x15.4x18.2x18.7x19.5x-1.9x
Capital
Tier 1 Leverage Ratio11.27%11.19%11.09%11.10%11.20%-6 bps
Total Risk-Based Capital14.84%15.00%14.84%14.69%14.79%-4 bps
Equity / Assets11.12%11.44%11.45%11.33%11.67%+56 bps
Liquidity & Funding
Loans / Deposits90.04%88.47%88.92%88.39%90.69%+65 bps
Liquid Assets / Assets2.00%2.72%2.18%1.93%1.21%-79 bps
CRE / Total Capitaln/a325%328%331%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Citizens and Farmers Bank

West Point, VA · Cert 10363 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · C&F Financial Corp.

State charter, non-member · FDIC · 32 branches

Q2 2026

$2.8BAssets
$2.2BLoans
$2.4BDeposits
$325.5MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 88% of banks $1B-$10B in assets operating in a single state (rank 32 of 258).
  • Widest gap: net charge-offs / loans trails 95% of banks $1B-$10B in assets operating in a single state (rank 247 of 258).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.26%

Rank 120 of 258

Net Interest Margin

4.27%

Rank 32 of 258

Efficiency Ratio

64.78%

Rank 172 of 257

Equity / Assets

11.67%

Rank 68 of 258

Non-interest income vs. expense

$34.4M$99.0MINCOMEEXPENSE
Unfavorable gap of $64.6M · efficiency ratio beats 33% of banks $1B-$10B in assets operating in a single state
Bank 64.78%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.26%0.93%1.23%1.54%Beats 53%120 / 258
Return on Equity10.81%9.26%11.84%14.74%Beats 43%148 / 258
Net Interest Margin4.27%3.16%3.49%3.88%Beats 88%32 / 258
Efficiency Ratio64.78%51.71%60.30%69.65%Beats 33%172 / 257
Asset Quality
Nonperforming Loans / Loans0.09%0.19%0.46%0.90%Beats 88%32 / 258
Net Charge-Offs / Loans0.40%0.01%0.02%0.07%Beats 5%247 / 258
Capital
Tier 1 Capital Ratio13.54%11.41%12.98%15.12%Beats 58%108 / 258
Total Risk-Based Capital Ratio14.79%12.10%13.91%16.08%Beats 62%98 / 258
Equity / Assets11.67%9.09%10.24%11.72%Beats 74%68 / 258
Liquidity & Funding
Loans / Deposits90.69%73.24%86.34%95.95%62nd pctl98 / 258
Loans / Assets77.45%63.01%72.27%78.40%69th pctl80 / 258
Brokered Deposits / Depositsn/aNot reported for this institution