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Bank of Southside Virginia, The

Carson, VA · Cert 11580 · Bank of Southside VA Corp. the

State charter, non-member · FDIC · 15 branches

Q2 2026

$670.3MAssets
$269.3MLoans
$489.2MDeposits
$140.0MEquity
Loan mix
24%RE $63.2M6%C&I $15.8M70%Consumer $184.7MQ2 2025Q2 2026
Deposit mix
60%Interest-bearing $295.9M40%Noninterest $193.3MQ2 2025Q2 2026

NIM

4.24%Q2 ’244.38%Q2 ’254.49%Q2 ’26+3%+9%

Non-interest income vs. expense

2.16%Q2 ’242.27%Q2 ’252.46%Q2 ’260%-251%

Market Position · Richmond, VA · 2026 SOD (annual) · 0.6% share · #13 of 30 inst. · $0.4B of $60.7B

42.4% Dinwiddie
31.1% Prince George
31.2% Sussex
11.0% Petersburg (City)

Executive Summary

  • Earnings: ROA of 5.73%, up 379 bps year over year; NIM at 4.26%.
  • Asset quality: problem loans at 0.08% of loans (+6 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 23.38%, up 257 bps from a year ago.
  • Funding: loans stand at 55.05% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

5.73%+379 bps YoY

Net Interest Margin (quarter, annualized)

4.26%+35 bps YoY

Efficiency Ratio (quarter, annualized)

26.39%-2,434 bps YoY

Tier 1 Leverage Ratio

23.38%+257 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.94%1.74%2.54%1.73%5.73%+379 bps
Return on Equity10.78%9.25%13.01%8.66%27.81%+1,703 bps
Net Interest Margin3.91%3.96%4.21%4.06%4.26%+35 bps
Efficiency Ratio50.72%52.90%46.13%57.54%26.39%-2,434 bps
Non-Interest Burden1.72%1.84%1.28%2.14%-2.60%-432 bps
Growth
Asset Growth (YoY)-4.77%-3.78%-3.46%-4.85%3.03%+780 bps
Loan Growth (YoY)-12.56%-12.97%-13.58%-15.37%-11.33%+123 bps
Deposit Growth (YoY)-10.63%-1.15%-3.32%-0.83%2.37%+1,300 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.04%0.10%0.10%0.08%+6 bps
Net Charge-Offs / Loans-0.01%0.02%-0.03%-0.02%0.01%+2 bps
Allowance / Loans1.24%1.28%1.33%1.42%1.40%+16 bps
Allowance Coverage of NPLs50.8x34.7x14.0x14.5x17.3x-33.5x
Capital
Tier 1 Leverage Ratio20.80%21.53%21.86%22.32%23.38%+257 bps
Total Risk-Based Capital20.80%21.53%21.86%22.32%23.38%+257 bps
Equity / Assets18.29%19.43%19.60%20.32%20.89%+260 bps
Liquidity & Funding
Loans / Deposits63.55%59.69%58.64%54.42%55.05%-851 bps
Liquid Assets / Assets10.07%10.46%9.39%9.16%8.64%-142 bps
CRE / Total Capitaln/a29.65%28.69%26.91%n/an/a