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Letter portraitLegal landscapeQuarterYTD

Select Bank

Forest, VA · Cert 58563 · Select Bank Financial Corp.

State charter, Fed member · FED · 6 branches

Q2 2026

$524.4MAssets
$459.4MLoans
$448.4MDeposits
$43.5MEquity
Loan mix
87%RE $386.2M12%C&I $52.7M1%Consumer $3.5MQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $393.2M12%Noninterest $55.2MQ3 2024Q2 2026

Market Position · Lynchburg, VA · 2026 SOD (annual) · 6.1% share · #6 of 17 inst. · $0.4B of $6.2B

14.5% Bedford
4.9% Lynchburg (City)
1.8% Alamance
1.6% Staunton (City)

Executive Summary

  • Earnings: ROA of 1.22%, up 35 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 1.06% of loans (+18 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.54%, up 82 bps from a year ago.
  • Funding: loans stand at 102.46% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.22%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.30%+48 bps YoY

Efficiency Ratio (YTD, annualized)

55.42%-971 bps YoY

Tier 1 Leverage Ratio

9.54%+82 bps YoY

NIM

5.41%Q2 ’245.48%Q2 ’255.73%Q2 ’26+14%+17%

Non-interest income vs. expense

1.94%Q2 ’242.00%Q2 ’252.00%Q2 ’26+4%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.61%0.59%0.79%0.87%0.94%0.95%1.19%1.22%+35 bps
Return on Equity8.30%8.06%11.00%12.11%12.83%12.75%14.79%15.01%+290 bps
Net Interest Margin2.44%2.45%2.71%2.82%2.90%2.97%3.36%3.30%+48 bps
Efficiency Ratio71.54%70.44%66.39%65.13%63.20%65.37%54.05%55.42%-971 bps
Non-Interest Burden1.68%1.65%1.72%1.75%1.75%1.85%1.69%1.69%-6 bps
Growth
Asset Growth (YoY)3.76%2.71%7.17%7.83%7.41%6.15%1.19%4.63%-319 bps
Loan Growth (YoY)4.05%7.48%10.87%11.28%10.70%7.01%2.95%5.03%-625 bps
Deposit Growth (YoY)3.00%-0.27%4.81%4.18%4.89%7.22%2.35%0.36%-382 bps
Asset Quality
Nonperforming Loans / Loans0.47%0.42%0.93%0.89%0.86%0.99%0.54%1.06%+18 bps
Net Charge-Offs / Loans-0.02%-0.01%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.82%0.86%0.83%0.82%0.81%0.81%0.81%0.78%-4 bps
Allowance Coverage of NPLs1.7x2.1x0.9x0.9x0.9x0.8x1.5x0.7x-0.2x
Capital
Tier 1 Leverage Ratio8.87%8.79%8.67%8.71%8.94%8.96%9.30%9.54%+82 bps
Total Risk-Based Capital12.79%12.35%12.00%12.04%12.39%12.41%12.79%12.37%+33 bps
Equity / Assets7.55%7.17%7.24%7.23%7.67%7.84%8.29%8.29%+106 bps
Liquidity & Funding
Loans / Deposits92.29%95.66%96.30%97.91%97.39%95.48%96.87%102.46%+455 bps
Liquid Assets / Assets1.43%1.00%0.43%0.28%0.39%1.43%0.44%0.54%+26 bps
CRE / Total Capitaln/an/an/an/a431%419%410%n/an/a