Farmers and Miners Bank
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Data as of · sourced from FFIEC call reports. How we update
Farmers and Miners Bank is an FDIC-insured commercial bank headquartered in Pennington Gap, VA, established in 1979 (FDIC certificate 22888), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $193.2M, up 7.4% from Q2 2025, the 48th largest of 56 banks headquartered in Virginia. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.28% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 22888
- Headquarters
- Pennington Gap, VA
- Established
- 1979
- Total assets, Q2 2026
- $193.2M
- Assets vs Q2 2025
- +7.4%
- Tier 1 leverage ratio, Q2 2026
- 13.28%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 051404545
- Latest call report
- Q2 2026, FFIEC 051 · Farmers and Miners Bank call report
- Asset rank in state
- 48th of 56 in Virginia
Farmers and Miners Bank earns an unusually wide margin on its lending. The Pennington Gap, Virginia bank had $193 million in assets at June 30, 2026, up 7.4% from a year earlier. It keeps 4.85 cents of net interest income on every dollar of earning assets, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also pays an average of 1.06% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Net income for the quarter rose 20% from a year earlier, to $861,000. Problem loans have nearly doubled in a year: loans on nonaccrual or 90 or more days past due, net of government guarantees are 0.32% of loans, against 0.16% a year earlier.
As of June 30, 2026, Farmers and Miners Bank reported a return on assets of 1.78%, a nonperforming-loan ratio of 0.32% and a Texas ratio of 1.17%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Farmers and Miners Bank is the 48th largest of the 56 banks headquartered in Virginia. Between Q1 2026 and Q2 2026, its total assets rose 1.3% to $193.2M, loans rose 4.2% and deposits rose 1.3%. Commercial and industrial loans made up 29.8% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 27.1%. The FDIC Summary of Deposits lists 6 offices for it, in 6 cities in VA; its Pennington Gap office books 29% of its branch deposits. On its Q2 2026 call report, Farmers and Miners Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 41526 W Morgan Ave, Pennington Gap, VA 24277
- County
- Lee
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- July 2, 1979
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 51
- Domestic deposits
- $166.3M
- Allowance for credit losses
- $1.6M
- Net charge-offs (YTD)
- $51K
- Average total assets
- $193.0M
- Average total loans
- $96.8M
- Average interest-bearing deposits
- $103.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 2, 1979
- FDIC Cert
- 22888
- Fed RSSD
- 658924
- Website
- www.farmersandminersbank.com →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Farmers and Miners Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Farmers and Miners Bank's total assets ran between $175.3M (Q2 2024) and $193.2M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$193.2M total assets against $179.8M; $167.8M total liabilities against $155.8M.
$99.0M net loans and leases against $93.3M; $166.3M total deposits against $154.9M.
$24.8M securities against $25.8M; $65.9M cash and balances due against $57.6M.
$2.7M total interest income against $2.6M; $438K total interest expense against $435K.
$2.3M net interest income against $2.1M.
$304K total noninterest income against $280K; $1.5M total noninterest expense against $1.5M.
$29K provision for credit losses against $30K.
$861K net income against $718K.
1.78% return on assets against 1.60%; 4.85% net interest margin against 4.92%.
13.28% tier 1 leverage ratio against 13.50%.
Inside the full Farmers and Miners Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers and Miners Bank rankings
Its closest position to the top of a national ranking is 769 of 3,611, for ROA; its furthest is 3,007 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.98% (Q4 2024) to 1.78% (Q2 2026) and its net interest margin ran from 4.75% (Q1 2025) to 5.11% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.28% | 1.78% | 0.32% | 1.17% | 4.85% |
| Q1 2026 | 13.30% | 1.46% | 0.20% | 0.74% | 4.80% |
| Q4 2025 | 13.21% | 1.13% | 0.19% | 0.71% | 5.00% |
| Q3 2025 | 13.57% | 1.61% | 0.16% | 0.57% | 4.93% |
| Q2 2025 | 13.50% | 1.60% | 0.16% | 0.59% | 4.92% |
| Q1 2025 | 13.27% | 1.51% | 0.35% | 1.32% | 4.75% |
| Q4 2024 | 13.05% | 0.98% | 0.30% | 1.12% | 4.88% |
| Q3 2024 | 13.32% | 1.70% | 0.94% | 3.45% | 5.11% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Farmers and Miners Bank (main office) | Pennington Gap , VA | 24277 | $48.8M |
| West Clintwood Branch | Clintwood , VA | 24228 | $41.9M |
| Rose Hill Branch | Rose Hill , VA | 24281 | $22.9M |
| Wise County Branch | Wise , VA | 24293 | $22.7M |
| Tri-State Branch | Ewing , VA | 24248 | $19.9M |
| Weber City Branch | Weber City , VA | 24290 | $10.1M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- December 3, 2013, Federal Reserve: Civil Money Penalty, $4,155: Farmers & Miners Bank, Pennington Gap, Virginia
- Period: Most recent institution action December 3, 2013. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in VA, rank 78 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Farmers and Miners Bank
What are Farmers and Miners Bank's total assets?
As of the Q2 2026 filing, Farmers and Miners Bank reported total assets of $193.2 million in its FFIEC call report.
Where is Farmers and Miners Bank headquartered?
It is headquartered in Pennington Gap, VA, United States.
When was Farmers and Miners Bank founded?
It was established in 1979, per the FDIC institution directory.
Is Farmers and Miners Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22888). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Farmers and Miners Bank?
Farmers and Miners Bank's primary federal regulator is the Federal Reserve.
How many branches does Farmers and Miners Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Farmers and Miners Bank's Texas Ratio?
Its Texas Ratio is 1.17% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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