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Locus Bank, Inc.

Richmond, VA · Cert 58658 · Locus

State charter, Fed member · FED · 2 branches

Q2 2026

$359.4MAssets
$295.3MLoans
$259.3MDeposits
$74.1MEquity
Loan mix
70%RE $183.9M30%C&I $80.1M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $221.2M15%Noninterest $38.1MQ2 2025Q2 2026

NIM

5.26%Q2 ’245.83%Q2 ’255.98%Q2 ’26+21%+4%

Non-interest income vs. expense

2.11%Q2 ’241.88%Q2 ’252.11%Q2 ’26-16%+12%

Market Position · Blacksburg-Christiansburg-Radford, VA · 2026 SOD (annual) · 3.5% share · #8 of 14 inst. · $0.2B of $4.6B

5.3% Montgomery
1.0% Henrico

Executive Summary

  • Earnings: ROA of 1.27%, up 16 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.62% of loans (-2 bps YoY), with net recoveries of 0.09%.
  • Capital: tier 1 leverage ratio of 21.46%, down 6 bps from a year ago.
  • Funding: loans stand at 113.86% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.27%+16 bps YoY

Net Interest Margin (quarter, annualized)

3.49%+13 bps YoY

Efficiency Ratio (quarter, annualized)

56.44%+369 bps YoY

Tier 1 Leverage Ratio

21.46%-6 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.57%0.95%1.25%1.27%+16 bps
Return on Equity5.29%7.41%4.52%5.90%6.09%+80 bps
Net Interest Margin3.35%3.33%3.38%3.39%3.49%+13 bps
Efficiency Ratio52.75%48.84%60.01%65.01%56.44%+369 bps
Non-Interest Burden1.67%1.39%1.96%2.15%1.86%+19 bps
Growth
Asset Growth (YoY)5.50%4.03%1.92%3.08%8.22%+272 bps
Loan Growth (YoY)5.41%2.16%5.50%4.39%8.43%+302 bps
Deposit Growth (YoY)14.15%5.98%3.34%2.98%10.91%-323 bps
Asset Quality
Nonperforming Loans / Loans0.64%0.60%0.79%0.65%0.62%-2 bps
Net Charge-Offs / Loans0.47%0.00%0.00%0.07%-0.09%-56 bps
Allowance / Loans0.63%0.60%0.65%0.55%0.58%-6 bps
Allowance Coverage of NPLs1.0x1.0x0.8x0.8x0.9x-0.1x
Capital
Tier 1 Leverage Ratio21.52%21.81%21.72%21.63%21.46%-6 bps
Total Risk-Based Capital21.52%21.81%21.72%21.63%21.46%-6 bps
Equity / Assets21.26%21.18%21.04%21.23%20.63%-63 bps
Liquidity & Funding
Loans / Deposits116.48%114.57%113.65%120.90%113.86%-261 bps
Liquid Assets / Assets4.53%6.43%6.30%2.48%2.41%-211 bps
CRE / Total Capitaln/a209%217%221%n/an/a