PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $0.0BQ4 2024Q4 2025
Deposit mix
85%Interest-bearing $1.2B15%Noninterest $0.2BQ4 2024Q4 2025

NIM

5.15%Q4 ’235.18%Q4 ’245.23%Q4 ’25+11%+12%

Non-interest income vs. expense

2.73%Q4 ’233.11%Q4 ’242.89%Q4 ’25+24%-4%

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 0.60%, up 30 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.

Financial Results

Return on Assets (quarter, annualized)

0.60%+30 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+37 bps YoY

Efficiency Ratio (quarter, annualized)

78.51%-1,235 bps YoY

Tier 1 Leverage Ratio

9.53%+120 bps YoY

Discrete quarter, annualized.

MetricQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.30%0.65%1.02%0.85%0.60%+30 bps
Return on Equity3.41%7.46%11.45%9.20%6.14%+273 bps
Net Interest Margin3.01%3.02%3.18%3.32%3.38%+37 bps
Efficiency Ratio90.86%74.63%66.10%71.06%78.51%-1,235 bps
Non-Interest Burden2.69%2.15%1.84%2.25%2.57%-12 bps
Growth
Asset Growth (YoY)-6.22%-8.38%-7.52%-9.28%-7.95%-174 bps
Loan Growth (YoY)-5.77%-6.84%-6.08%-6.94%-4.26%+151 bps
Deposit Growth (YoY)-5.31%-7.31%-6.38%-7.40%-8.77%-346 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.06%0.07%0.19%0.17%+10 bps
Net Charge-Offs / Loans-0.04%0.02%0.01%0.00%0.01%+5 bps
Allowance / Loans0.70%0.72%0.72%0.72%0.73%+3 bps
Allowance Coverage of NPLs9.8x11.2x10.2x3.8x4.2x-5.6x
Capital
Tier 1 Leverage Ratio8.32%8.43%8.39%8.53%9.53%+120 bps
Total Risk-Based Capital11.75%11.91%11.87%11.82%12.96%+121 bps
Equity / Assets8.64%8.77%9.01%9.47%10.14%+149 bps
Liquidity & Funding
Loans / Deposits80.32%78.49%82.26%85.63%84.29%+397 bps
Liquid Assets / Assets7.25%8.57%6.29%3.00%6.41%-83 bps
CRE / Total Capitaln/an/an/a326%290%n/a