FVCBankcorp, Inc.

Statement of Condition

Total assets were $2.31 billion at September 30, 2026, $2.29 billion at December 31, 2025, and $2.32 billion at September 30, 2025.

Loans, net of fees, were $1.91 billion at September 30, 2026, $1.94 billion at December 31, 2025, and $1.86 billion at September 30, 2025. During the most recent quarter, loans, net of fees, increased $14.6 million. Compared to the year ago period ended September 30, 2025, loans, net of fees, increased $55.5 million, or 3%. For the third quarter of 2026, loan originations totaled $71.2 million with a weighted average rate of 7.02%. Loan renewals totaled $61.3 million and had a weighted average rate of 6.84%. Loans that paid off during the third quarter of 2026 totaled $62.6 million and had a weighted average rate of 5.89%, and were primarily comprised of commercial real estate ("CRE") and construction loans. The outstanding balance of the Company’s warehouse lending facilities increased $3.7 million for the quarter ended September 30, 2026 to end at $71.0 million and had a weighted average yield of 5.76%.

Investment securities were $138.9 million at September 30, 2026, $153.4 million at December 31, 2025, and $157.2 million at September 30, 2025. For the quarter ended September 30, 2026, investment securities decreased due to principal repayments totaling $4.8 million, partially offset by purchases of $1.0 million, and an increase in the portfolio’s unrealized losses totaling $4.5 million due to rising interest rates.

Total deposits were $2.00 billion at September 30, 2026, $2.00 billion at December 31, 2025, and $1.98 billion at September 30, 2025. For the third quarter of 2026, total deposits decreased $55.2 million, or 3%. Core deposits, which exclude wholesale deposits, decreased $45.1 million, or 2%, for the quarter ended September 30, 2026. Noninterest-bearing deposits increased $12.0 million, or 3%, for the quarter ended September 30, 2026, and were 21.0% of total deposits. The decrease in core deposits for the quarter ended September 30, 2026 was primarily due to large customer deposit transactions that occurred at the end of the second quarter, and therefore, the decrease in core deposits at September 30, 2026 was expected. At September 30, 2026 and December 31, 2025, reciprocal deposits, which are mostly comprised of interest checking and savings accounts, totaled $210.6 million and $291.8 million, respectively, and are considered part of the Company’s core deposit base.

At September 30, 2026 and December 31, 2025, wholesale deposits totaled $231.1 million and $285.0 million, respectively, a decrease of $53.8 million or 19% from year end. For the third quarter of 2026, wholesale deposits decreased $10.0 million, or 4%. Wholesale deposits at September 30, 2026 had a weighted average rate of 3.51%.

Shareholders’ equity at September 30, 2026 was $268.5 million, $253.6 million at December 31, 2025, and $249.8 million at September 30, 2025. Shareholders’ equity at September 30, 2026 increased $14.9 million, or 6%, from December 31, 2025. Earnings for the nine months ended September 30, 2026 contributed $21.2 million to the increase in shareholders’ equity. The increase to shareholders’ equity from earnings was partially offset by increased cash dividends paid during 2026 totaling $3.6 million and shares repurchased during 2026 totaling $2.1 million. Accumulated other comprehensive loss increased $3.5 million for the nine months ended September 30, 2026, and is attributable to market value decreases in the Company’s available-for-sale investment securities portfolio.

Tangible book value per share (a non-GAAP financial measure which is defined in the tables below) at September 30, 2026 and December 31, 2025 was $14.49 and $13.74, respectively, an increase of 5%.

The Bank was well-capitalized at September 30, 2026, with a total risk-based capital ratio of 16.66%, a common equity tier 1 risk-based capital ratio of 15.64%, and a tier 1 leverage ratio of 13.08%.