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Bank of Lexington, Inc.

Lexington, KY · Cert 58164 · First Breckinridge Bancshares

State charter, non-member · FDIC · 5 affiliate banks · 4 branches (27 in holding)

Q2 2026

$410.8MAssets
$323.0MLoans
$322.2MDeposits
$45.0MEquity
Loan mix
97%RE $304.0M3%C&I $9.7M0%Consumer $0.6MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $240.1M25%Noninterest $82.0MQ2 2025Q2 2026

NIM

5.16%Q2 ’245.18%Q2 ’255.46%Q2 ’26+23%+0%

Non-interest income vs. expense

2.34%Q2 ’242.03%Q2 ’252.37%Q2 ’26-9%+17%

Market Position · Lexington-Fayette, KY · 2026 SOD (annual) · 2.0% share · #15 of 36 inst. · $0.3B of $16.0B

Executive Summary

  • Earnings: ROA of 1.05%, down 20 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.01% of loans (-16 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.50%, up 199 bps from a year ago.
  • Funding: loans stand at 100.28% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.05%-20 bps YoY

Net Interest Margin (quarter, annualized)

3.50%+1 bps YoY

Efficiency Ratio (quarter, annualized)

62.66%+821 bps YoY

Tier 1 Leverage Ratio

11.50%+199 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.25%1.57%1.54%1.38%1.05%-20 bps
Return on Equity14.11%16.64%15.07%12.62%9.55%-456 bps
Net Interest Margin3.48%3.75%3.80%3.69%3.50%+1 bps
Efficiency Ratio54.45%47.43%51.45%54.66%62.66%+821 bps
Non-Interest Burden1.78%1.65%1.80%1.91%2.09%+30 bps
Growth
Asset Growth (YoY)26.90%21.75%12.21%-12.61%-5.46%-3,236 bps
Loan Growth (YoY)10.55%9.75%9.32%7.68%9.05%-151 bps
Deposit Growth (YoY)39.10%30.83%17.49%-16.44%-16.48%-5,558 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.00%0.00%0.00%0.01%-16 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.56%0.56%0.54%0.54%0.53%-3 bps
Allowance Coverage of NPLs3.3xn/an/an/a41.1x+37.8x
Capital
Tier 1 Leverage Ratio9.50%9.93%10.40%11.12%11.50%+199 bps
Total Risk-Based Capital16.30%16.82%17.22%16.97%16.88%+58 bps
Equity / Assets9.24%9.68%10.75%11.07%10.95%+171 bps
Liquidity & Funding
Loans / Deposits76.81%79.03%89.70%92.26%100.28%+2,347 bps
Liquid Assets / Assets23.52%18.66%12.39%11.55%11.86%-1,166 bps
CRE / Total Capitaln/a298%301%305%n/an/a