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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