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Farmers and Miners Bank

Pennington Gap, VA · Cert 22888

State charter, Fed member · FED · 6 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

54

Q2 2024Q2 2026peer median (50)

Asset Quality

41

Q2 2024Q2 2026peer median (50)

Profitability

79

Q2 2024Q2 2026peer median (50)

Liquidity

44

Q2 2024Q2 2026peer median

Efficiency

60

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

Farmers and Miners Bank

Pennington Gap, VA · Cert 22888

State charter, Fed member · FED · 6 branches

Q2 2026

$193.2MAssets
$100.6MLoans
$166.3MDeposits
$25.4MEquity
Loan mix
55%RE $53.8M33%C&I $31.8M12%Consumer $11.5MQ3 2024Q2 2026
Deposit mix
62%Interest-bearing $103.8M38%Noninterest $62.5MQ3 2024Q2 2026

Market Position · Kingsport-Bristol, TN-VA · 2026 SOD (annual) · 0.2% share · #22 of 24 inst. · $0.0B of $5.9B

19.4% Lee
20.0% Dickenson
3.7% Wise
7.9% Scott

Executive Summary

  • Earnings: ROA of 1.63%, up 7 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 0.32% of loans (+15 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 13.28%, down 21 bps from a year ago.
  • Funding: loans stand at 60.48% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.63%+7 bps YoY

Net Interest Margin (YTD, annualized)

4.60%-7 bps YoY

Efficiency Ratio (YTD, annualized)

61.12%-171 bps YoY

Tier 1 Leverage Ratio

13.28%-21 bps YoY

NIM

5.56%Q2 ’245.63%Q2 ’255.49%Q2 ’26+1%-1%

Non-interest income vs. expense

3.76%Q2 ’243.32%Q2 ’253.19%Q2 ’26-15%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.28%1.21%1.52%1.56%1.58%1.47%1.46%1.63%+7 bps
Return on Equity10.33%9.66%11.71%11.92%11.98%11.14%11.17%12.45%+53 bps
Net Interest Margin4.77%4.71%4.60%4.67%4.65%4.67%4.65%4.60%-7 bps
Efficiency Ratio68.97%70.68%63.34%62.83%62.50%64.99%63.65%61.12%-171 bps
Non-Interest Burden3.11%3.16%2.69%2.71%2.68%2.83%2.73%2.58%-13 bps
Growth
Asset Growth (YoY)-0.19%0.25%1.81%2.57%4.04%4.67%5.99%7.44%+488 bps
Loan Growth (YoY)6.96%6.85%6.15%8.87%7.76%8.48%3.88%6.09%-279 bps
Deposit Growth (YoY)-1.66%-0.98%0.80%1.73%3.45%4.16%5.68%7.41%+568 bps
Asset Quality
Nonperforming Loans / Loans0.94%0.30%0.35%0.16%0.16%0.19%0.20%0.32%+15 bps
Net Charge-Offs / Loans0.07%0.09%0.03%0.07%0.08%0.08%0.09%0.10%+4 bps
Allowance / Loans1.69%1.65%1.65%1.62%1.60%1.57%1.62%1.55%-7 bps
Allowance Coverage of NPLs1.8x5.5x4.6x10.1x10.2x8.5x8.0x4.9x-5.2x
Capital
Tier 1 Leverage Ratio13.32%13.05%13.27%13.50%13.57%13.21%13.30%13.28%-21 bps
Total Risk-Based Capital13.32%13.05%13.27%13.50%13.57%13.21%13.30%13.28%-21 bps
Equity / Assets12.94%12.88%12.99%13.35%13.45%13.15%13.02%13.17%-18 bps
Liquidity & Funding
Loans / Deposits58.49%59.72%59.80%61.23%60.93%62.20%58.78%60.48%-75 bps
Liquid Assets / Assets35.91%34.87%34.63%35.01%34.05%32.92%37.93%36.07%+105 bps
CRE / Total Capitaln/an/an/an/a100.27%113.33%102.74%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

Farmers and Miners Bank

Pennington Gap, VA · Cert 22888 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

State charter, Fed member · FED · 6 branches

Q2 2026

$193.2MAssets
$100.6MLoans
$166.3MDeposits
$25.4MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 90% of banks under $1B in assets operating in a single state (rank 76 of 746).
  • Widest gap: net charge-offs / loans trails 77% of banks under $1B in assets operating in a single state (rank 575 of 743).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.60%

Rank 137 of 746

Net Interest Margin

4.60%

Rank 76 of 746

Efficiency Ratio

61.12%

Rank 299 of 746

Equity / Assets

13.17%

Rank 178 of 746

Non-interest income vs. expense

$1.2M$6.2MINCOMEEXPENSE
Unfavorable gap of $5.0M · efficiency ratio beats 60% of banks under $1B in assets operating in a single state
Bank 61.12%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.60%0.72%1.06%1.45%Beats 82%137 / 746
Return on Equity12.16%6.74%10.51%13.63%Beats 65%264 / 746
Net Interest Margin4.60%3.17%3.68%4.16%Beats 90%76 / 746
Efficiency Ratio61.12%55.74%64.58%75.47%Beats 60%299 / 746
Asset Quality
Nonperforming Loans / Loans0.32%0.09%0.42%1.07%Beats 59%308 / 743
Net Charge-Offs / Loans0.06%0.00%0.01%0.05%Beats 23%575 / 743
Capital
Tier 1 Capital Ratio13.28%11.55%13.75%17.60%Beats 45%412 / 746
Total Risk-Based Capital Ratio13.28%11.71%14.33%18.43%Beats 40%444 / 746
Equity / Assets13.17%8.90%10.51%13.06%Beats 76%178 / 746
Liquidity & Funding
Loans / Deposits60.48%61.31%78.27%90.78%24th pctl570 / 746
Loans / Assets52.06%53.60%66.97%76.08%22nd pctl579 / 746
Brokered Deposits / Depositsn/aNot reported for this institution