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Powell Valley National Bank

Jonesville, VA · Cert 6863 · Powell Valley Bankshares Inc.

National charter · OCC · 7 branches

Q2 2026

$516.5MAssets
$408.2MLoans
$460.0MDeposits
$53.9MEquity
Loan mix
92%RE $347.1M6%C&I $20.8M2%Consumer $9.2MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $344.0M25%Noninterest $116.0MQ2 2025Q2 2026

NIM

5.05%Q2 ’245.19%Q2 ’255.27%Q2 ’26+13%+12%

Non-interest income vs. expense

2.71%Q2 ’243.13%Q2 ’252.98%Q2 ’26+19%-61%

Market Position · Kingsport-Bristol, TN-VA · 2026 SOD (annual) · 2.4% share · #13 of 24 inst. · $0.1B of $5.9B

26.3% Wise
33.6% Lee
4.5% Washington
2.4% Sullivan

Executive Summary

  • Earnings: ROA of 2.20%, up 194 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.21% of loans (+9 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.67%, up 100 bps from a year ago.
  • Funding: loans stand at 88.75% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.20%+194 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+40 bps YoY

Efficiency Ratio (YTD, annualized)

54.11%-3,265 bps YoY

Tier 1 Leverage Ratio

10.67%+100 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.27%0.42%0.52%0.77%2.20%+194 bps
Return on Equity2.86%4.48%5.50%8.14%22.59%+1,973 bps
Net Interest Margin3.20%3.23%3.22%3.54%3.60%+40 bps
Efficiency Ratio86.75%82.98%79.11%71.65%54.11%-3,265 bps
Non-Interest Burden2.72%2.60%2.45%2.44%1.06%-166 bps
Growth
Asset Growth (YoY)2.76%1.61%4.95%7.42%7.14%+438 bps
Loan Growth (YoY)7.29%3.27%8.15%7.08%5.83%-146 bps
Deposit Growth (YoY)2.49%0.91%4.21%7.46%6.24%+375 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.24%0.04%0.35%0.21%+9 bps
Net Charge-Offs / Loans0.02%0.02%0.06%-0.05%-0.01%-3 bps
Allowance / Loans1.28%1.30%1.26%1.30%1.31%+3 bps
Allowance Coverage of NPLs11.2x5.5x28.8x3.7x6.3x-4.9x
Capital
Tier 1 Leverage Ratio9.67%9.73%9.65%9.87%10.67%+100 bps
Total Risk-Based Capital13.94%14.47%14.79%13.65%15.01%+106 bps
Equity / Assets9.52%9.73%9.32%9.49%10.44%+92 bps
Liquidity & Funding
Loans / Deposits89.09%87.90%85.75%86.73%88.75%-34 bps
Liquid Assets / Assets7.63%9.63%10.79%10.77%9.88%+225 bps
CRE / Total Capitaln/a329%358%367%n/an/a