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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 $8.9MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $269.4M25%Noninterest $87.4MQ3 2024Q2 2026

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 1.37%, down 24 bps year over year; NIM at 4.40%.
  • 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.

Return on Assets (quarter, annualized)

1.37%-24 bps YoY

Net Interest Margin (quarter, annualized)

4.40%+2 bps YoY

Efficiency Ratio (quarter, annualized)

62.11%+335 bps YoY

Tier 1 Leverage Ratio

14.93%+26 bps YoY

NIM

5.63%Q2 ’245.82%Q2 ’255.88%Q2 ’26+3%+1%

Non-interest income vs. expense

2.84%Q2 ’242.93%Q2 ’252.97%Q2 ’26-5%+12%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.24%1.38%1.28%1.61%1.44%1.50%1.43%1.37%-24 bps
Return on Equity10.12%11.29%10.85%13.27%11.42%11.66%11.34%10.76%-252 bps
Net Interest Margin4.19%4.37%4.31%4.38%4.58%4.46%4.28%4.40%+2 bps
Efficiency Ratio62.80%69.30%62.62%58.77%58.64%49.22%59.91%62.11%+335 bps
Non-Interest Burden2.48%2.90%2.55%2.30%2.52%1.94%2.39%2.58%+28 bps
Growth
Asset Growth (YoY)5.25%7.10%6.62%5.55%6.31%5.61%7.60%6.38%+82 bps
Loan Growth (YoY)16.11%10.67%10.06%9.55%10.26%13.19%11.27%8.92%-63 bps
Deposit Growth (YoY)2.10%6.78%5.27%5.42%6.38%4.44%7.43%5.91%+49 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.16%0.26%0.48%0.13%0.09%0.07%0.38%-9 bps
Net Charge-Offs / Loans-0.21%0.01%0.00%0.08%0.99%0.01%0.00%0.00%-8 bps
Allowance / Loans1.91%1.92%1.84%1.80%1.70%1.88%1.92%1.92%+13 bps
Allowance Coverage of NPLs17.1x11.7x7.1x3.8x12.7x22.0x27.3x5.0x+1.2x
Capital
Tier 1 Leverage Ratio14.80%14.45%14.51%14.67%15.10%15.08%14.40%14.93%+26 bps
Total Risk-Based Capital14.80%14.45%14.51%14.67%15.10%15.08%14.40%14.93%+26 bps
Equity / Assets12.85%11.64%12.02%12.18%13.04%12.78%12.50%12.96%+78 bps
Liquidity & Funding
Loans / Deposits76.69%71.53%73.55%76.59%79.49%77.53%76.18%78.77%+217 bps
Liquid Assets / Assets0.79%4.87%5.25%1.82%0.91%3.52%4.62%2.74%+92 bps
CRE / Total Capitaln/an/an/an/a190.61%194.62%198.11%n/an/a