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F&M Bank

West Point, NE · Cert 14922 · R Dean Phillips Bk Tr Dated 11-19-2004

State charter, non-member · FDIC · 6 affiliate banks · 6 branches (43 in holding)

Q2 2026

$354.6MAssets
$296.5MLoans
$311.6MDeposits
$41.3MEquity
Loan mix
90%RE $176.9M9%C&I $18.4M1%Consumer $1.8MQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $222.3M29%Noninterest $89.3MQ2 2025Q2 2026

NIM

5.33%Q2 ’245.61%Q2 ’255.59%Q2 ’26+8%0%

Non-interest income vs. expense

2.93%Q2 ’243.01%Q2 ’253.03%Q2 ’26+5%-3%

Market Position · Sioux City, IA-NE-SD · 2026 SOD (annual) · 2.4% share · #12 of 28 inst. · $0.1B of $4.6B

15.5% Cuming
33.0% Dakota
8.2% Wayne
0.7% Sarpy

Executive Summary

  • Earnings: ROA of 1.46%, up 4 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.07% of loans (-26 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.76%, up 2 bps from a year ago.
  • Funding: loans stand at 95.16% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.46%+4 bps YoY

Net Interest Margin (YTD, annualized)

4.00%-2 bps YoY

Efficiency Ratio (YTD, annualized)

60.18%-38 bps YoY

Tier 1 Leverage Ratio

11.76%+2 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.42%1.33%1.31%1.24%1.46%+4 bps
Return on Equity12.80%11.71%11.86%11.85%13.46%+66 bps
Net Interest Margin4.02%4.13%3.94%3.87%4.00%-2 bps
Efficiency Ratio60.56%63.06%63.47%63.88%60.18%-38 bps
Non-Interest Burden2.06%2.24%2.16%2.12%1.99%-6 bps
Growth
Asset Growth (YoY)1.75%-1.77%6.20%4.48%4.65%+289 bps
Loan Growth (YoY)2.75%6.15%4.45%2.93%5.72%+297 bps
Deposit Growth (YoY)1.58%-2.67%5.65%4.39%4.92%+334 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.13%0.11%0.19%0.07%-26 bps
Net Charge-Offs / Loans0.02%0.01%0.09%0.01%0.01%-1 bps
Allowance / Loans1.30%1.33%1.21%1.25%1.27%-3 bps
Allowance Coverage of NPLs3.9x10.2x11.4x6.5x17.2x+13.3x
Capital
Tier 1 Leverage Ratio11.74%12.35%10.70%11.10%11.76%+2 bps
Total Risk-Based Capital11.74%12.35%10.70%11.10%11.76%+2 bps
Equity / Assets11.84%12.18%10.07%10.93%11.65%-19 bps
Liquidity & Funding
Loans / Deposits94.44%96.17%89.36%93.02%95.16%+72 bps
Liquid Assets / Assets5.64%5.86%12.94%9.64%5.43%-21 bps
CRE / Total Capitaln/a199.68%225%210%n/an/a