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First Exchange Bank

White Hall, WV · Cert 13020 · Heritage Bancshares Inc.

State charter, non-member · FDIC · 7 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

Capital

33

Q2 2024Q2 2026peer median (50)

Asset Quality

10

Q2 2024Q2 2026peer median (50)

Profitability

34

Q2 2024Q2 2026peer median (50)

Liquidity

80

Q2 2024Q2 2026peer median

Efficiency

37

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 Exchange Bank

White Hall, WV · Cert 13020 · Heritage Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$391.1MAssets
$294.7MLoans
$356.5MDeposits
$31.1MEquity
Loan mix
89%RE $258.4M7%C&I $20.2M4%Consumer $11.7MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $289.5M19%Noninterest $67.0MQ3 2024Q2 2026

Market Position · Morgantown, WV · 2026 SOD (annual) · 0.8% share · #9 of 13 inst. · $0.0B of $5.7B

11.6% Marion
10.0% Wetzel
0.9% Monongalia

Executive Summary

  • Earnings: ROA of 0.73%, up 44 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 2.10% of loans (-59 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 8.96%, up 2 bps from a year ago.
  • Funding: loans stand at 82.66% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.73%+44 bps YoY

Net Interest Margin (YTD, annualized)

3.46%+34 bps YoY

Efficiency Ratio (YTD, annualized)

70.13%-742 bps YoY

Tier 1 Leverage Ratio

8.96%+2 bps YoY

NIM

4.92%Q2 ’245.16%Q2 ’255.07%Q2 ’26+9%+11%

Non-interest income vs. expense

2.69%Q2 ’242.83%Q2 ’252.82%Q2 ’26+5%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.43%0.37%0.48%0.29%0.36%0.37%0.70%0.73%+44 bps
Return on Equity5.73%4.95%6.43%3.90%4.73%4.75%8.82%9.22%+532 bps
Net Interest Margin2.85%2.92%2.98%3.12%3.19%3.24%3.46%3.46%+34 bps
Efficiency Ratio79.73%79.57%77.01%77.55%77.53%77.71%70.40%70.13%-742 bps
Non-Interest Burden2.18%2.22%2.17%2.30%2.36%2.40%2.26%2.26%-4 bps
Growth
Asset Growth (YoY)11.54%5.58%-4.71%-2.74%-2.40%-1.34%0.43%3.78%+652 bps
Loan Growth (YoY)4.46%-1.02%-2.93%-2.84%-4.12%-3.21%-2.26%-0.70%+214 bps
Deposit Growth (YoY)18.78%16.32%5.43%0.97%0.00%0.08%0.68%3.94%+296 bps
Asset Quality
Nonperforming Loans / Loans1.63%2.05%2.17%2.69%2.84%2.50%2.59%2.10%-59 bps
Net Charge-Offs / Loans0.33%0.27%0.22%0.15%0.14%0.57%0.33%-0.03%-18 bps
Allowance / Loans1.21%1.36%1.37%1.56%1.62%1.29%1.31%1.49%-7 bps
Allowance Coverage of NPLs0.7x0.7x0.6x0.6x0.6x0.5x0.5x0.7x+0.1x
Capital
Tier 1 Leverage Ratio8.76%8.83%8.95%8.94%9.08%9.04%9.05%8.96%+2 bps
Total Risk-Based Capital14.11%14.15%14.43%14.17%14.58%14.06%13.88%14.02%-15 bps
Equity / Assets7.73%7.41%7.63%7.61%7.95%8.03%7.91%7.94%+33 bps
Liquidity & Funding
Loans / Deposits89.15%88.55%85.59%86.52%85.47%85.64%83.09%82.66%-386 bps
Liquid Assets / Assets7.87%7.66%9.72%8.81%10.24%9.99%12.06%11.81%+300 bps
CRE / Total Capitaln/an/an/an/a260%258%243%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 Exchange Bank

White Hall, WV · Cert 13020 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Heritage Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$391.1MAssets
$294.7MLoans
$356.5MDeposits
$31.1MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 46% of banks under $1B in assets operating in a single state (rank 400 of 746).
  • Widest gap: net charge-offs / loans trails 92% of banks under $1B in assets operating in a single state (rank 687 of 743).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

0.72%

Rank 558 of 746

Net Interest Margin

3.46%

Rank 467 of 746

Efficiency Ratio

70.13%

Rank 469 of 746

Equity / Assets

7.94%

Rank 651 of 746

Non-interest income vs. expense

$2.2M$11.1MINCOMEEXPENSE
Unfavorable gap of $8.9M · efficiency ratio beats 37% of banks under $1B in assets operating in a single state
Bank 70.13%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.72%0.72%1.06%1.45%Beats 25%558 / 746
Return on Equity9.07%6.74%10.51%13.63%Beats 41%443 / 746
Net Interest Margin3.46%3.17%3.68%4.16%Beats 37%467 / 746
Efficiency Ratio70.13%55.74%64.58%75.47%Beats 37%469 / 746
Asset Quality
Nonperforming Loans / Loans2.10%0.09%0.42%1.07%Beats 11%664 / 743
Net Charge-Offs / Loans0.20%0.00%0.01%0.05%Beats 8%687 / 743
Capital
Tier 1 Capital Ratio12.76%11.55%13.75%17.60%Beats 39%456 / 746
Total Risk-Based Capital Ratio14.02%11.71%14.33%18.43%Beats 46%400 / 746
Equity / Assets7.94%8.90%10.51%13.06%Beats 13%651 / 746
Liquidity & Funding
Loans / Deposits82.66%61.31%78.27%90.78%59th pctl306 / 746
Loans / Assets75.36%53.60%66.97%76.08%72nd pctl206 / 746
Brokered Deposits / Depositsn/aNot reported for this institution