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Letter portraitLegal landscapeQuarterYTD

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