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Providence Bank

Rocky Mount, NC · Cert 58239 · PB Financial Corp.

State charter, non-member · FDIC · 10 branches

Q2 2026

$1.5BAssets
$1.3BLoans
$1.3BDeposits
$186.5MEquity
Loan mix
92%RE $1.1B7%C&I $0.1B2%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $1.1B15%Noninterest $0.2BQ3 2024Q2 2026

Market Position · Rocky Mount, NC · 2026 SOD (annual) · 20.9% share · #2 of 12 inst. · $0.8B of $3.9B

20.1% Nash
8.1% Wilson
7.7% Onslow
28.4% Edgecombe

Executive Summary

  • Earnings: ROA of 1.80%, up 13 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.12% of loans (+9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.21%, up 43 bps from a year ago.
  • Funding: loans stand at 97.47% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.80%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+15 bps YoY

Efficiency Ratio (YTD, annualized)

39.90%-183 bps YoY

Tier 1 Leverage Ratio

12.21%+43 bps YoY

NIM

5.65%Q2 ’246.25%Q2 ’256.11%Q2 ’26+17%+4%

Non-interest income vs. expense

1.46%Q2 ’241.67%Q2 ’251.65%Q2 ’26+15%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.50%1.57%1.63%1.67%1.74%1.79%1.76%1.80%+13 bps
Return on Equity12.85%13.36%13.52%13.90%14.33%14.60%13.95%14.35%+46 bps
Net Interest Margin3.31%3.33%3.68%3.71%3.75%3.81%3.98%3.86%+15 bps
Efficiency Ratio43.24%41.93%42.00%41.73%40.90%40.42%40.57%39.90%-183 bps
Non-Interest Burden1.39%1.37%1.52%1.53%1.51%1.50%1.58%1.51%-2 bps
Growth
Asset Growth (YoY)38.09%34.00%33.34%11.22%8.29%6.65%7.75%8.04%-318 bps
Loan Growth (YoY)40.17%36.43%33.56%10.44%8.71%4.51%6.11%7.15%-329 bps
Deposit Growth (YoY)47.82%37.91%40.68%12.25%8.41%6.28%7.73%8.67%-358 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.08%0.04%0.03%0.09%0.07%0.08%0.12%+9 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0 bps
Allowance / Loans0.91%0.90%0.90%0.89%0.89%0.89%0.88%0.86%-3 bps
Allowance Coverage of NPLs9.6x10.9x20.2x26.6x10.2x12.0x11.6x7.2x-19.5x
Capital
Tier 1 Leverage Ratio11.38%11.69%11.74%11.78%11.87%12.28%12.47%12.21%+43 bps
Total Risk-Based Capital13.45%13.76%13.79%13.78%13.97%14.20%14.12%12.21%-156 bps
Equity / Assets12.11%12.07%12.08%11.89%12.46%12.77%12.47%12.32%+42 bps
Liquidity & Funding
Loans / Deposits99.64%100.99%99.36%98.85%99.91%99.30%97.87%97.47%-138 bps
Liquid Assets / Assets1.77%0.99%1.81%2.17%1.34%0.99%1.31%1.17%-100 bps
CRE / Total Capitaln/an/an/an/a558%543%542%n/an/a