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F&M Bank

Washington, GA · Cert 16897 · Washington Wilkes Holding Co.

State charter, non-member · FDIC · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in GA3

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 in GA (n=58 to 59). 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

50

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

73

Q2 2024Q2 2026peer median

Efficiency

44

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

F&M Bank

Washington, GA · Cert 16897 · Washington Wilkes Holding Co.

State charter, non-member · FDIC · 5 branches

Q2 2026

$419.9MAssets
$281.0MLoans
$356.8MDeposits
$54.4MEquity
Loan mix
89%RE $237.9M8%C&I $20.1M3%Consumer $8.9MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $269.4M25%Noninterest $87.4MQ2 2025Q2 2026

NIM

5.44%Q2 ’245.78%Q2 ’255.84%Q2 ’26+3%+1%

Non-interest income vs. expense

2.80%Q2 ’242.91%Q2 ’252.91%Q2 ’26+2%+3%

Market Position · Augusta-Richmond County, GA-SC · 2026 SOD (annual) · 0.8% share · #19 of 25 inst. · $0.1B of $12.9B

72.0% Wilkes
1.6% Columbia
31.0% Lincoln
100.0% Taliaferro

Executive Summary

  • Earnings: ROA of 1.40%, down 4 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.38% of loans (-9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.93%, up 26 bps from a year ago.
  • Funding: loans stand at 78.77% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.40%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.37%+4 bps YoY

Efficiency Ratio (YTD, annualized)

61.02%+39 bps YoY

Tier 1 Leverage Ratio

14.93%+26 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.44%1.44%1.45%1.43%1.40%-4 bps
Return on Equity12.09%11.80%11.77%11.34%11.02%-107 bps
Net Interest Margin4.33%4.39%4.33%4.28%4.37%+4 bps
Efficiency Ratio60.62%59.95%57.17%59.91%61.02%+39 bps
Non-Interest Burden2.42%2.44%2.28%2.39%2.50%+8 bps
Growth
Asset Growth (YoY)5.55%6.31%5.61%7.60%6.38%+82 bps
Loan Growth (YoY)9.55%10.26%13.19%11.27%8.92%-63 bps
Deposit Growth (YoY)5.42%6.38%4.44%7.43%5.91%+49 bps
Asset Quality
Nonperforming Loans / Loans0.48%0.13%0.09%0.07%0.38%-9 bps
Net Charge-Offs / Loans0.04%0.35%0.26%0.00%0.00%-4 bps
Allowance / Loans1.80%1.70%1.88%1.92%1.92%+13 bps
Allowance Coverage of NPLs3.8x12.7x22.0x27.3x5.0x+1.2x
Capital
Tier 1 Leverage Ratio14.67%15.10%15.08%14.40%14.93%+26 bps
Total Risk-Based Capital14.67%15.10%15.08%14.40%14.93%+26 bps
Equity / Assets12.18%13.04%12.78%12.50%12.96%+78 bps
Liquidity & Funding
Loans / Deposits76.59%79.49%77.53%76.18%78.77%+217 bps
Liquid Assets / Assets1.82%0.91%3.52%4.62%2.74%+92 bps
CRE / Total Capitaln/a190.61%194.62%198.11%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

F&M Bank

Washington, GA · Cert 16897 · Peer group: banks under $1B in assets in GA (n=58-59) · Washington Wilkes Holding Co.

State charter, non-member · FDIC · 5 branches

Q2 2026

$419.9MAssets
$281.0MLoans
$356.8MDeposits
$54.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 79% of banks under $1B in assets in GA (rank 14 of 58).
  • Widest gap: total risk-based capital ratio trails 61% of banks under $1B in assets in GA (rank 36 of 59).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.41%

Rank 34 of 59

Net Interest Margin

4.37%

Rank 27 of 59

Efficiency Ratio

61.02%

Rank 34 of 59

Equity / Assets

12.96%

Rank 20 of 59

Non-interest income vs. expense

$1.7M$12.4MINCOMEEXPENSE
Unfavorable gap of $10.7M · efficiency ratio beats 44% of banks under $1B in assets in GA
Bank 61.02%Peer median 60.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.41%0.94%1.46%1.76%Beats 42%34 / 59
Return on Equity10.86%7.92%11.60%15.10%Beats 39%36 / 59
Net Interest Margin4.37%3.66%4.24%4.75%Beats 54%27 / 59
Efficiency Ratio61.02%51.87%60.25%70.24%Beats 44%34 / 59
Asset Quality
Nonperforming Loans / Loans0.38%0.10%0.36%0.89%Beats 47%32 / 58
Net Charge-Offs / Loans0.00%0.00%0.02%0.05%Beats 79%14 / 58
Capital
Tier 1 Capital Ratio14.93%11.93%15.65%21.05%Beats 46%32 / 59
Total Risk-Based Capital Ratio14.93%12.05%15.77%22.26%Beats 39%36 / 59
Equity / Assets12.96%9.10%11.51%14.32%Beats 66%20 / 59
Liquidity & Funding
Loans / Deposits78.77%59.62%72.81%85.44%59th pctl24 / 58
Loans / Assets66.93%49.55%64.39%73.73%58th pctl25 / 59
Brokered Deposits / Depositsn/aNot reported for this institution