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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