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Letter portraitLegal landscapeQuarterYTD

Farmers National Bank of Lebanon, The

Lebanon, KY · Cert 2754 · Lebanon Bancshares Inc.

National charter · OCC · 2 branches

Q2 2026

$163.0MAssets
$115.8MLoans
$145.5MDeposits
$16.4MEquity
Loan mix
87%RE $91.5M7%C&I $7.3M6%Consumer $6.8MQ3 2024Q2 2026
Deposit mix
73%Interest-bearing $105.8M27%Noninterest $39.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.09%, up 5 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 10.72%, down 48 bps from a year ago.
  • Funding: loans stand at 79.54% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.09%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+2 bps YoY

Efficiency Ratio (YTD, annualized)

62.99%-362 bps YoY

Tier 1 Leverage Ratio

10.72%-48 bps YoY

NIM

4.60%Q2 ’244.93%Q2 ’255.08%Q2 ’26+5%+0%

Non-interest income vs. expense

2.64%Q2 ’242.59%Q2 ’252.42%Q2 ’260%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.87%0.85%0.96%1.04%1.14%1.06%0.99%1.09%+5 bps
Return on Equity9.40%9.09%10.06%10.79%11.57%10.66%9.80%10.82%+4 bps
Net Interest Margin3.39%3.33%3.40%3.43%3.46%3.48%3.61%3.45%+2 bps
Efficiency Ratio69.24%70.43%68.68%66.62%65.02%66.57%64.48%62.99%-362 bps
Non-Interest Burden2.17%2.17%2.17%2.11%2.07%2.15%2.16%2.01%-10 bps
Growth
Asset Growth (YoY)8.22%7.36%6.80%10.03%5.86%10.96%15.64%15.33%+530 bps
Loan Growth (YoY)12.59%12.46%10.23%5.53%11.69%22.77%28.81%35.07%+2,953 bps
Deposit Growth (YoY)5.91%6.66%5.62%9.58%5.21%8.69%15.39%14.89%+531 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.04%0.00%0.01%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%-0.01%0.02%0.02%0.02%-0.05%-0.03%-5 bps
Allowance / Loans1.22%1.18%1.16%1.15%1.08%0.94%0.95%0.91%-24 bps
Allowance Coverage of NPLsn/an/an/an/a24.4xn/a176.2xn/an/a
Capital
Tier 1 Leverage Ratio11.53%11.23%11.23%11.20%11.55%11.67%11.29%10.72%-48 bps
Total Risk-Based Capital11.53%11.23%11.23%11.20%11.55%11.67%11.29%10.72%-48 bps
Equity / Assets9.78%9.55%9.63%9.72%10.39%10.37%9.84%10.05%+33 bps
Liquidity & Funding
Loans / Deposits66.93%70.27%68.28%67.66%71.05%79.38%76.22%79.54%+1,188 bps
Liquid Assets / Assets1.97%2.23%3.60%3.64%3.60%1.47%1.41%1.41%-224 bps
CRE / Total Capitaln/an/an/an/a240%281%268%n/an/a