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F & M Community Bank, National Association

Preston, MN · Cert 10967 · F&M Financial Services Inc.

National charter · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer Standing

Trailing 9 quarters, through Q2 2026

Capital

10

Q2 2024Q2 2026Peer median (50)

Asset Quality

80

Q2 2024Q2 2026Peer median (50)

Profitability

46

Q2 2024Q2 2026Peer median (50)

Liquidity

84

Q2 2024Q2 2026Peer median (100)

Efficiency

35

Q2 2024Q2 2026Peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is a stronger peer standing, and the peer median is fixed at 50. Liquidity, Growth: closeness to the peer median, 100 at the median.

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 2026-10-12

F & M Community Bank, National Association

Preston, MN · Cert 10967 · F&M Financial Services Inc.

National charter · OCC · 3 branches

Q2 2026

$211.1MAssets
$150.8MLoans
$184.4MDeposits
$17.3MEquity
Loan mix
93%RE $128.2M6%C&I $8.2M2%Consumer $2.1MQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $145.3M21%Noninterest $39.2MQ3 2024Q2 2026

Market Position · Rochester, MN · 2026 SOD (annual) · 2.4% share · #13 of 34 inst. · $0.2B of $7.6B

2.1% Olmsted
8.7% Fillmore

Executive Summary

  • Earnings: ROA of 0.94%, up 26 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (-18 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.93%, up 23 bps from a year ago.
  • Funding: loans stand at 81.75% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.94%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+27 bps YoY

Efficiency Ratio (YTD, annualized)

71.05%-420 bps YoY

Tier 1 Leverage Ratio

9.93%+23 bps YoY

NIM

4.21%Q2 ’244.56%Q2 ’254.69%Q2 ’26+20%+8%

Non-interest income vs. expense

2.73%Q2 ’242.88%Q2 ’252.99%Q2 ’26-1%0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.27%0.31%0.58%0.68%0.73%0.71%0.87%0.94%+26 bps
Return on Equity3.93%4.62%8.28%9.47%9.89%9.47%10.87%11.64%+217 bps
Net Interest Margin2.66%2.69%2.97%3.14%3.15%3.20%3.37%3.40%+27 bps
Efficiency Ratio87.31%86.40%77.05%75.24%74.22%75.74%71.08%71.05%-420 bps
Non-Interest Burden2.25%2.25%2.15%2.19%2.15%2.24%2.18%2.18%0 bps
Growth
Asset Growth (YoY)1.47%1.58%0.61%1.80%-2.51%1.34%2.00%1.00%-80 bps
Loan Growth (YoY)0.80%1.13%-0.52%2.95%3.26%5.19%5.56%1.50%-145 bps
Deposit Growth (YoY)4.96%6.27%2.60%1.95%-3.64%0.34%0.01%2.77%+82 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.00%0.00%0.18%0.00%0.05%0.00%0.00%-18 bps
Net Charge-Offs / Loans0.01%0.06%-0.01%-0.01%-0.01%0.00%0.00%0.01%+1 bps
Allowance / Loans1.25%1.19%1.23%1.22%1.27%1.22%1.24%1.25%+3 bps
Allowance Coverage of NPLs18.8xn/an/a6.6xn/a22.7xn/an/an/a
Capital
Tier 1 Leverage Ratio9.16%9.16%9.38%9.70%9.76%9.88%9.93%9.93%+23 bps
Total Risk-Based Capital9.16%9.16%9.38%9.70%9.76%9.88%9.93%9.93%+23 bps
Equity / Assets7.24%6.82%7.29%7.37%8.14%7.94%8.16%8.20%+83 bps
Liquidity & Funding
Loans / Deposits77.99%78.27%79.94%82.77%83.58%82.04%84.38%81.75%-102 bps
Liquid Assets / Assets0.79%0.75%0.53%0.71%0.50%0.49%0.57%0.62%-9 bps
CRE / Total Capitaln/an/an/an/a216%234%230%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 2026-10-12

F & M Community Bank, National Association

Preston, MN · Cert 10967 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · F&M Financial Services Inc.

National charter · OCC · 3 branches

Q2 2026

$211.1MAssets
$150.8MLoans
$184.4MDeposits
$17.3MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 105 of 743).
  • Widest gap: total risk-based capital ratio trails 93% of banks under $1B in assets operating in a single state (rank 692 of 746).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.94%

Rank 435 of 746

Net Interest Margin

3.40%

Rank 485 of 746

Efficiency Ratio

71.05%

Rank 487 of 746

Equity / Assets

8.20%

Rank 631 of 746

Non-interest income vs. expense

$1.7M$6.4MINCOMEEXPENSE
Unfavorable gap of $4.7M · efficiency ratio beats 35% of banks under $1B in assets operating in a single state
Bank 71.05%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.94%0.72%1.06%1.45%Beats 42%435 / 746
Return on Equity11.52%6.74%10.51%13.63%Beats 60%301 / 746
Net Interest Margin3.40%3.17%3.68%4.16%Beats 35%485 / 746
Efficiency Ratio71.05%55.74%64.58%75.47%Beats 35%487 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 100%105 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 60%299 / 743
Capital
Tier 1 Capital Ratio9.93%11.55%13.75%17.60%Beats 8%690 / 746
Total Risk-Based Capital Ratio9.93%11.71%14.33%18.43%Beats 7%692 / 746
Equity / Assets8.20%8.90%10.51%13.06%Beats 15%631 / 746
Liquidity & Funding
Loans / Deposits81.75%61.31%78.27%90.78%57th pctl321 / 746
Loans / Assets71.43%53.60%66.97%76.08%60th pctl295 / 746
Brokered Deposits / Depositsn/aNot reported for this institution