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Martinsville First Savings Bank

Martinsville, VA · Cert 29685 · First Mutual Holding Co.

State savings bank · OCC · 4 affiliate banks · 1 branch (26 in holding)

Q2 2026

$32.1MAssets
$18.2MLoans
$24.8MDeposits
$7.2MEquity
Loan mix
100%RE $18.7M0%C&I $0.0M0%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
99%Interest-bearing $24.4M1%Noninterest $0.4MQ2 2025Q2 2026

NIM

4.81%Q2 ’244.71%Q2 ’254.63%Q2 ’26-16%-3%

Non-interest income vs. expense

2.77%Q2 ’242.47%Q2 ’252.37%Q2 ’26-10%-5%

Executive Summary

  • Earnings: ROA of 0.41%, up 7 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.65% of loans (-74 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 20.46%, up 74 bps from a year ago.
  • Funding: loans stand at 73.50% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.41%+7 bps YoY

Net Interest Margin (YTD, annualized)

2.95%-10 bps YoY

Efficiency Ratio (YTD, annualized)

80.99%-116 bps YoY

Tier 1 Leverage Ratio

20.46%+74 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.35%0.32%0.40%0.35%0.41%+7 bps
Return on Equity1.62%1.50%1.84%1.57%1.87%+25 bps
Net Interest Margin3.05%3.06%3.02%2.88%2.95%-10 bps
Efficiency Ratio82.16%83.59%80.06%82.46%80.99%-116 bps
Non-Interest Burden2.45%2.50%2.36%2.32%2.33%-12 bps
Growth
Asset Growth (YoY)-1.21%-3.53%-2.65%-0.13%-1.05%+16 bps
Loan Growth (YoY)-0.88%-2.04%-2.83%-5.42%-7.61%-672 bps
Deposit Growth (YoY)-2.43%-4.92%-3.95%-0.59%-1.82%+61 bps
Asset Quality
Nonperforming Loans / Loans1.39%1.25%1.27%1.06%0.65%-74 bps
Net Charge-Offs / Loans-0.05%-0.05%-0.04%-0.02%-0.01%+4 bps
Allowance / Loans0.81%0.83%0.85%0.87%0.86%+5 bps
Allowance Coverage of NPLs0.6x0.7x0.7x0.8x1.3x+0.7x
Capital
Tier 1 Leverage Ratio19.72%20.20%20.12%20.07%20.46%+74 bps
Total Risk-Based Capital42.95%44.02%44.93%46.11%48.01%+506 bps
Equity / Assets21.78%22.09%22.04%22.01%22.36%+58 bps
Liquidity & Funding
Loans / Deposits78.10%77.62%75.46%74.38%73.50%-460 bps
Liquid Assets / Assets22.63%23.93%26.33%27.74%29.10%+647 bps
CRE / Total Capitaln/a17.05%16.70%16.49%n/an/a