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Letter portraitLegal landscapeQuarterYTD

Miners Exchange Bank

Coeburn, VA · Cert 23989

State charter, Fed member · FED · 5 branches

Q2 2026

$93.5MAssets
$56.8MLoans
$81.0MDeposits
$10.8MEquity
Loan mix
85%RE $47.6M5%C&I $2.5M10%Consumer $5.8MQ3 2024Q2 2026
Deposit mix
48%Interest-bearing $39.2M52%Noninterest $41.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of -0.51%, down 70 bps year over year; NIM at 4.49%.
  • Asset quality: problem loans at 3.16% of loans (+168 bps YoY), with net charge-offs at 0.25%.
  • Capital: tier 1 leverage ratio of 12.40%, down 32 bps from a year ago.
  • Funding: loans stand at 70.07% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

-0.51%-70 bps YoY

Net Interest Margin (YTD, annualized)

4.49%+11 bps YoY

Efficiency Ratio (YTD, annualized)

107.75%+1,264 bps YoY

Tier 1 Leverage Ratio

12.40%-32 bps YoY

NIM

5.00%Q2 ’245.25%Q2 ’255.28%Q2 ’26+1%+3%

Non-interest income vs. expense

4.72%Q2 ’244.79%Q2 ’255.48%Q2 ’26+4%+18%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.24%0.16%0.02%0.19%0.23%0.22%0.26%-0.51%-70 bps
Return on Equity2.18%1.45%0.19%1.67%2.04%1.89%2.22%-4.38%-605 bps
Net Interest Margin4.39%4.28%4.20%4.37%4.46%4.50%4.46%4.49%+11 bps
Efficiency Ratio93.76%95.07%99.56%95.11%94.17%93.70%91.49%107.75%+1,264 bps
Non-Interest Burden4.07%4.04%4.18%4.13%4.16%4.17%4.03%4.88%+75 bps
Growth
Asset Growth (YoY)1.58%2.61%3.32%1.36%0.18%1.22%0.25%-0.57%-193 bps
Loan Growth (YoY)10.05%8.46%7.55%2.77%2.61%3.21%-0.57%0.37%-240 bps
Deposit Growth (YoY)-0.39%2.13%2.62%0.57%-0.37%0.41%-0.33%-0.66%-124 bps
Asset Quality
Nonperforming Loans / Loans1.66%1.65%1.96%1.48%2.16%2.29%2.86%3.16%+168 bps
Net Charge-Offs / Loans0.05%0.06%0.13%0.03%0.03%0.07%0.31%0.25%+22 bps
Allowance / Loans1.07%1.10%1.06%1.10%1.09%1.08%1.09%1.08%-2 bps
Allowance Coverage of NPLs0.6x0.7x0.5x0.7x0.5x0.5x0.4x0.3x-0.4x
Capital
Tier 1 Leverage Ratio12.99%12.75%12.61%12.73%13.02%12.89%12.72%12.40%-32 bps
Total Risk-Based Capital22.93%21.89%22.21%22.42%22.43%22.00%22.74%22.01%-41 bps
Equity / Assets11.59%10.94%11.14%11.47%12.09%11.81%11.71%11.58%+11 bps
Liquidity & Funding
Loans / Deposits70.38%69.03%68.84%69.35%72.48%70.95%68.67%70.07%+72 bps
Liquid Assets / Assets1.75%1.08%1.09%0.91%1.31%1.06%3.66%3.40%+249 bps
CRE / Total Capitaln/an/an/an/a141.74%142.04%136.93%n/an/a