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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

4.99%Q2 ’244.66%Q2 ’254.68%Q2 ’26-18%-1%

Non-interest income vs. expense

2.67%Q2 ’242.55%Q2 ’252.35%Q2 ’26-3%-9%

Executive Summary

  • Earnings: ROA of 0.48%, up 25 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.65% of loans (-74 bps YoY), with net charge-offs at 0.00%.
  • 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 (quarter, annualized)

0.48%+25 bps YoY

Net Interest Margin (quarter, annualized)

2.98%-3 bps YoY

Efficiency Ratio (quarter, annualized)

79.57%-656 bps YoY

Tier 1 Leverage Ratio

20.46%+74 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.23%0.27%0.63%0.35%0.48%+25 bps
Return on Equity1.08%1.24%2.87%1.57%2.18%+110 bps
Net Interest Margin3.01%2.97%2.99%2.88%2.98%-3 bps
Efficiency Ratio86.13%86.58%69.36%82.46%79.57%-656 bps
Non-Interest Burden2.54%2.50%2.04%2.32%2.30%-24 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-0.04%-0.04%-0.02%-0.02%0.00%+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