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F&M Bank

Clarksville, TN · Cert 9963

FDIC · 20 branches

Q4 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q4 2025, the quarter ended December 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=284 to 290). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

39

Q2 2024Q4 2025peer median (50)

Asset Quality

80

Q2 2024Q4 2025peer median (50)

Profitability

36

Q2 2024Q4 2025peer median (50)

Liquidity

85

Q2 2024Q4 2025peer median

Efficiency

14

Q2 2024Q4 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

F&M Bank

Clarksville, TN · Cert 9963

FDIC · 20 branches

Q4 2025

$1.5BAssets
$1.2BLoans
$1.4BDeposits
$157.0MEquity
Loan mix
96%RE $1.1B4%C&I $0.0B1%Consumer $0.0BQ1 2024Q4 2025
Deposit mix
85%Interest-bearing $1.2B15%Noninterest $0.2BQ1 2024Q4 2025

Market Position · Clarksville, TN-KY · 2025 SOD (annual) · 16.4% share · #2 of 17 inst. · $1.0B of $6.2B

19.7% Montgomery
16.7% Robertson
42.4% Stewart
4.8% Dickson

Executive Summary

  • Earnings: ROA of 0.78%, up 29 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.17% of loans (+10 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.53%, up 120 bps from a year ago.
  • Funding: loans stand at 84.29% of deposits as of Q4 2025.

Return on Assets (YTD, annualized)

0.78%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+43 bps YoY

Efficiency Ratio (YTD, annualized)

72.35%-849 bps YoY

Tier 1 Leverage Ratio

9.53%+120 bps YoY

NIM

4.71%Q4 ’235.40%Q4 ’245.39%Q4 ’25+4%+14%

Non-interest income vs. expense

2.79%Q4 ’232.72%Q4 ’242.78%Q4 ’25+10%0%

Year to date, annualized, through each quarter.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.43%0.49%0.55%0.49%0.65%0.83%0.84%0.78%+29 bps
Return on Equity5.25%5.93%6.61%5.84%7.46%9.47%9.36%8.51%+267 bps
Net Interest Margin2.62%2.71%2.87%2.95%3.02%3.13%3.25%3.38%+43 bps
Efficiency Ratio81.69%79.27%77.40%80.83%74.63%70.08%70.40%72.35%-849 bps
Non-Interest Burden2.07%2.07%2.13%2.30%2.15%2.02%2.13%2.30%0 bps
Growth
Asset Growth (YoY)8.39%2.72%-0.98%-6.22%-8.38%-7.52%-9.28%-7.95%-174 bps
Loan Growth (YoY)1.17%0.70%-0.45%-5.77%-6.84%-6.08%-6.94%-4.26%+151 bps
Deposit Growth (YoY)10.09%4.09%-2.23%-5.31%-7.31%-6.38%-7.40%-8.77%-346 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.09%0.03%0.07%0.06%0.07%0.19%0.17%+10 bps
Net Charge-Offs / Loans0.01%0.00%0.01%0.00%0.02%0.02%0.01%0.01%+1 bps
Allowance / Loans0.69%0.70%0.70%0.70%0.72%0.72%0.72%0.73%+3 bps
Allowance Coverage of NPLs8.9x8.1x20.7x9.8x11.2x10.2x3.8x4.2x-5.6x
Capital
Tier 1 Leverage Ratio7.79%7.75%8.13%8.32%8.43%8.39%8.53%9.53%+120 bps
Total Risk-Based Capital11.14%10.96%11.25%11.75%11.91%11.87%11.82%12.96%+121 bps
Equity / Assets8.07%8.26%8.84%8.64%8.77%9.01%9.47%10.14%+149 bps
Liquidity & Funding
Loans / Deposits78.09%81.99%85.21%80.32%78.49%82.26%85.63%84.29%+397 bps
Liquid Assets / Assets12.95%7.36%4.43%7.25%8.57%6.29%3.00%6.41%-83 bps
CRE / Total Capitaln/an/an/an/an/an/a326%290%n/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

F&M Bank

Clarksville, TN · Cert 9963 · Peer group: banks $1B-$10B in assets (n=284-290)

FDIC · 20 branches

Q4 2025

$1.5BAssets
$1.2BLoans
$1.4BDeposits
$157.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 80% of banks $1B-$10B in assets (rank 57 of 284).
  • Widest gap: efficiency ratio trails 86% of banks $1B-$10B in assets (rank 251 of 290).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.81%

Rank 220 of 290

Net Interest Margin

3.38%

Rank 116 of 290

Efficiency Ratio

73.15%

Rank 251 of 290

Equity / Assets

10.14%

Rank 151 of 290

Non-interest income vs. expense

$7.4M$42.8MINCOMEEXPENSE
Unfavorable gap of $35.3M · efficiency ratio beats 14% of banks $1B-$10B in assets
Bank 73.15%Peer median 60.5%Q2 2024Q4 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.81%0.82%1.09%1.41%Beats 24%220 / 290
Return on Equity8.00%8.04%10.59%13.08%Beats 24%220 / 290
Net Interest Margin3.38%2.87%3.28%3.78%Beats 60%116 / 290
Efficiency Ratio73.15%53.76%60.51%67.14%Beats 14%251 / 290
Asset Quality
Nonperforming Loans / Loans0.17%0.22%0.49%0.91%Beats 80%57 / 284
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio12.27%11.52%13.11%15.22%Beats 36%187 / 290
Total Risk-Based Capital Ratio12.96%12.41%14.01%16.12%Beats 32%197 / 290
Equity / Assets10.14%8.94%10.29%11.70%Beats 48%151 / 290
Liquidity & Funding
Loans / Deposits84.29%75.78%87.64%95.53%41st pctl167 / 284
Loans / Assets74.35%64.43%74.03%79.86%51st pctl139 / 284
Brokered Deposits / Deposits1.46%n/a2.01%8.63%Beats 53%135 / 285