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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