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Piedmont Federal Savings Bank

Winston Salem, NC · Cert 27619 · Piedmont Financial Holding Co.

SL · OCC · 10 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

92

Q2 2024Q2 2026peer median (50)

Asset Quality

86

Q2 2024Q2 2026peer median (50)

Profitability

2

Q2 2024Q2 2026peer median (50)

Liquidity

55

Q2 2024Q2 2026peer median

Efficiency

2

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

Piedmont Federal Savings Bank

Winston Salem, NC · Cert 27619 · Piedmont Financial Holding Co.

SL · OCC · 10 branches

Q2 2026

$1.3BAssets
$917.5MLoans
$973.7MDeposits
$240.5MEquity
Loan mix
96%RE $860.6M4%C&I $33.8M0%Consumer $0.2MQ3 2024Q2 2026
Deposit mix
95%Interest-bearing $923.7M5%Noninterest $50.0MQ3 2024Q2 2026

Market Position · Winston-Salem, NC · 2026 SOD (annual) · 4.7% share · #8 of 24 inst. · $0.7B of $15.5B

6.7% Forsyth
0.1% Wake
7.5% Wilkes
2.4% Watauga

Executive Summary

  • Earnings: ROA of 0.21%, up 8 bps year over year; NIM at 2.17%.
  • Asset quality: problem loans at 0.16% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.60%, down 68 bps from a year ago.
  • Funding: loans stand at 94.22% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.21%+8 bps YoY

Net Interest Margin (YTD, annualized)

2.17%+24 bps YoY

Efficiency Ratio (YTD, annualized)

88.38%-447 bps YoY

Tier 1 Leverage Ratio

18.60%-68 bps YoY

NIM

4.23%Q2 ’244.08%Q2 ’254.08%Q2 ’26+14%+12%

Non-interest income vs. expense

2.17%Q2 ’242.06%Q2 ’252.18%Q2 ’26-10%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.25%-0.16%0.12%0.13%0.12%0.14%0.16%0.21%+8 bps
Return on Equity-1.41%-0.93%0.67%0.69%0.66%0.74%0.88%1.12%+43 bps
Net Interest Margin1.70%1.76%1.86%1.93%1.98%2.00%2.15%2.17%+24 bps
Efficiency Ratio108.00%104.20%91.66%92.86%92.46%91.35%90.61%88.38%-447 bps
Non-Interest Burden1.87%1.85%1.70%1.78%1.83%1.81%1.93%1.89%+11 bps
Growth
Asset Growth (YoY)10.54%9.34%-2.55%-2.84%-0.16%1.09%2.40%2.57%+541 bps
Loan Growth (YoY)15.23%17.94%6.54%4.60%6.06%5.30%7.95%11.44%+684 bps
Deposit Growth (YoY)15.29%13.66%1.65%0.33%1.33%1.98%1.63%3.03%+271 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.12%0.03%0.13%0.11%0.14%0.06%0.16%+3 bps
Net Charge-Offs / Loans0.03%0.02%0.01%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.77%0.77%0.78%0.78%0.77%0.77%0.77%0.76%-2 bps
Allowance Coverage of NPLs39.5x6.5x28.6x6.2x7.2x5.3x13.7x4.9x-1.3x
Capital
Tier 1 Leverage Ratio18.56%19.06%19.23%19.28%19.35%19.15%18.87%18.60%-68 bps
Total Risk-Based Capital18.56%19.06%19.23%19.28%19.35%19.15%18.87%18.60%-68 bps
Equity / Assets18.18%17.96%18.21%18.29%18.43%18.50%18.30%18.28%-1 bps
Liquidity & Funding
Loans / Deposits85.80%88.48%87.73%87.12%89.80%91.36%93.18%94.22%+711 bps
Liquid Assets / Assets8.17%8.99%7.61%8.30%6.18%5.99%5.51%4.87%-343 bps
CRE / Total Capitaln/an/an/an/a111.33%118.05%126.21%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

Piedmont Federal Savings Bank

Winston Salem, NC · Cert 27619 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Piedmont Financial Holding Co.

SL · OCC · 10 branches

Q2 2026

$1.3BAssets
$917.5MLoans
$973.7MDeposits
$240.5MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 97% of banks $1B-$10B in assets operating in a single state (rank 9 of 258).
  • Widest gap: efficiency ratio trails 98% of banks $1B-$10B in assets operating in a single state (rank 252 of 257).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.20%

Rank 253 of 258

Net Interest Margin

2.17%

Rank 252 of 258

Efficiency Ratio

89.31%

Rank 252 of 257

Equity / Assets

18.28%

Rank 9 of 258

Non-interest income vs. expense

$3.9M$29.2MINCOMEEXPENSE
Unfavorable gap of $25.3M · efficiency ratio beats 2% of banks $1B-$10B in assets operating in a single state
Bank 89.31%Peer median 60.3%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.20%0.93%1.23%1.54%Beats 2%253 / 258
Return on Equity1.12%9.26%11.84%14.74%Beats 2%253 / 258
Net Interest Margin2.17%3.16%3.49%3.88%Beats 2%252 / 258
Efficiency Ratio89.31%51.71%60.30%69.65%Beats 2%252 / 257
Asset Quality
Nonperforming Loans / Loans0.16%0.19%0.46%0.90%Beats 78%58 / 258
Net Charge-Offs / Loans0.00%0.01%0.02%0.07%Beats 94%20 / 258
Capital
Tier 1 Capital Ratio18.60%11.41%12.98%15.12%Beats 90%25 / 258
Total Risk-Based Capital Ratio18.60%12.10%13.91%16.08%Beats 88%32 / 258
Equity / Assets18.28%9.09%10.24%11.72%Beats 97%9 / 258
Liquidity & Funding
Loans / Deposits94.22%73.24%86.34%95.95%71st pctl75 / 258
Loans / Assets69.71%63.01%72.27%78.40%41st pctl153 / 258
Brokered Deposits / Depositsn/aNot reported for this institution