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First Community Bank

Bluefield, VA · Cert 13012 · First Community Bankshares Inc.

State charter, Fed member · FED · 67 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 regionally3

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 regionally (n=176). 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

89

Q2 2024Q2 2026peer median (50)

Asset Quality

33

Q2 2024Q2 2026peer median (50)

Profitability

80

Q2 2024Q2 2026peer median (50)

Liquidity

49

Q2 2024Q2 2026peer median

Efficiency

69

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

First Community Bank

Bluefield, VA · Cert 13012 · First Community Bankshares Inc.

State charter, Fed member · FED · 67 branches

Q2 2026

$3.6BAssets
$2.5BLoans
$3.0BDeposits
$510.5MEquity
Loan mix
88%RE $2.1B10%C&I $0.2B2%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
68%Interest-bearing $2.1B32%Noninterest $1.0BQ2 2025Q2 2026

NIM

4.51%Q2 ’244.40%Q2 ’254.27%Q2 ’26-3%-1%

Non-interest income vs. expense

3.02%Q2 ’243.13%Q2 ’253.08%Q2 ’26-2%-35%

Market Position · Kingsport-Bristol, TN-VA · 2026 SOD (annual) · 5.7% share · #6 of 24 inst. · $0.3B of $5.9B

35.4% Mercer
22.1% Surry
14.3% Washington
27.6% Nicholas

Executive Summary

  • Earnings: ROA of 2.05%, up 50 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.70% of loans (-10 bps YoY), with net charge-offs at 0.17%.
  • Capital: tier 1 leverage ratio of 10.23%, down 14 bps from a year ago.
  • Funding: loans stand at 80.94% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.05%+50 bps YoY

Net Interest Margin (YTD, annualized)

3.93%-4 bps YoY

Efficiency Ratio (YTD, annualized)

52.56%-708 bps YoY

Tier 1 Leverage Ratio

10.23%-14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.55%1.55%1.55%1.48%2.05%+50 bps
Return on Equity10.75%10.71%10.73%10.54%14.59%+385 bps
Net Interest Margin3.97%4.03%4.06%3.97%3.93%-4 bps
Efficiency Ratio59.65%60.33%60.81%60.87%52.56%-708 bps
Non-Interest Burden1.77%1.82%1.85%1.86%1.15%-62 bps
Growth
Asset Growth (YoY)-1.79%0.18%1.52%13.38%14.01%+1,580 bps
Loan Growth (YoY)-4.85%-4.62%-4.19%3.08%4.52%+938 bps
Deposit Growth (YoY)-1.94%-0.18%1.00%13.94%14.30%+1,624 bps
Asset Quality
Nonperforming Loans / Loans0.79%0.71%0.61%0.72%0.70%-10 bps
Net Charge-Offs / Loans0.16%0.19%0.18%0.12%0.17%+1 bps
Allowance / Loans1.40%1.36%1.33%1.37%1.33%-8 bps
Allowance Coverage of NPLs1.8x1.9x2.2x1.9x1.9x+0.1x
Capital
Tier 1 Leverage Ratio10.37%10.43%10.38%10.26%10.23%-14 bps
Total Risk-Based Capital15.54%15.60%15.71%15.99%16.58%+103 bps
Equity / Assets14.63%14.59%14.30%13.73%14.15%-48 bps
Liquidity & Funding
Loans / Deposits88.51%87.61%85.03%79.75%80.94%-757 bps
Liquid Assets / Assets0.33%0.06%1.33%1.38%1.29%+97 bps
CRE / Total Capitaln/a338%341%326%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

First Community Bank

Bluefield, VA · Cert 13012 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · First Community Bankshares Inc.

State charter, Fed member · FED · 67 branches

Q2 2026

$3.6BAssets
$2.5BLoans
$3.0BDeposits
$510.5MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 93% of banks $1B-$10B in assets operating regionally (rank 13 of 176).
  • Widest gap: net charge-offs / loans trails 82% of banks $1B-$10B in assets operating regionally (rank 146 of 176).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.99%

Rank 13 of 176

Net Interest Margin

3.93%

Rank 43 of 176

Efficiency Ratio

54.20%

Rank 55 of 176

Equity / Assets

14.15%

Rank 12 of 176

Non-interest income vs. expense

$70.1M$112.0MINCOMEEXPENSE
Unfavorable gap of $41.9M · efficiency ratio beats 69% of banks $1B-$10B in assets operating regionally
Bank 54.20%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.99%0.93%1.26%1.54%Beats 93%13 / 176
Return on Equity14.06%9.26%11.89%14.46%Beats 70%53 / 176
Net Interest Margin3.93%3.25%3.59%3.93%Beats 76%43 / 176
Efficiency Ratio54.20%52.79%59.55%67.66%Beats 69%55 / 176
Asset Quality
Nonperforming Loans / Loans0.69%0.30%0.64%1.32%Beats 47%95 / 176
Net Charge-Offs / Loans0.13%0.01%0.04%0.10%Beats 18%146 / 176
Capital
Tier 1 Capital Ratio15.32%11.15%12.72%14.15%Beats 86%24 / 176
Total Risk-Based Capital Ratio16.58%11.81%13.63%15.33%Beats 87%23 / 176
Equity / Assets14.15%9.16%10.35%11.80%Beats 93%12 / 176
Liquidity & Funding
Loans / Deposits80.94%80.94%89.73%97.21%25th pctl132 / 176
Loans / Assets68.18%69.25%75.12%80.82%19th pctl142 / 176
Brokered Deposits / Depositsn/aNot reported for this institution