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LETTER TO SHAREHOLDERS | 01also joined us as AVP, Commercial Loan Officer in Danville. Greg Mason was hired as a VP, Regional Business Development Officer. Finally, Jacob Carter joined the Casey County Market as AVP, Loan Officer. Several folks were promoted in 2025. Brandi Todd waspromoted to VP, Operations Manager. Jeremy Leigh was promoted to VP, Technology Manager. Witten Hayes was promoted to VP, Loan Operations Manager. Blake Mason was promoted to VP, Lead Business Development Officer. Rob Caudill was promoted to VP, Commercial Loan Officer. Jeremy Frye was promoted to AVP, Trust Officer. Glenna Worthington was promoted to AVP, Retail Branch Manager. Erica Miller was promoted to AVP, Retail Branch Manager. Lorie Munford was promoted to AVP, Compliance Officer. Courtney Bryant was promoted to AVP, Associate Loan Operations Manager. While we are excited about our new hires and promotions, we want to celebrate the careers of a few long-time employees who decided to enter the ranks of retirement. Last year, we had three long-term employees retire. Sharon Gambrel-McElroy retired after 17 years of service from FNB Investments. Sharon served clients in our Harrodsburg office. Marvin Marshbanks retired after 17 years of service from FNB Investments. Marvin primarily served clients in Lincoln and Garrard Counties. Anne Curry retired after more than 18 years of service. Anne served as our Retail Branch Manager in our Harrodsburg office. I want to remind you of our %u201cInvestor Relations%u201d pageon the Farmers National Bank website. This page is a resource for up-to-date information including the most recent shareholder letter. The page provides an overview of BYLB, information on how to purchase additional shares, and a link to our most recent annual report. This page will also be used for any additional shareholder news and announcements, as well as another way to share our annual report publication.This report contains the usual Financial Highlights andFinancial Statements sections. Full audited financials will be available no later than April 30, 2026. We are happy to provide a copy to anyone wishing to have the full report once available. Please email Morgan Shiflet at morgan.shiflet@fnbky.com if you would like a copy.As always, your continued support as a shareholder isappreciated. We continue to focus on adding long-term shareholder value and I hope based on the performance noted in this annual report you agree with me that we are doing that. Should you have any questions, please feel free to email me at marty.gibson@fnbky.com or give me a call at 859-238-0657.My best,Marty Gibson President & Chief Executive OfficerYour bank achieved several milestones in 2025 including record highs in asset size, loans outstanding, earnings per share and shareholders%u2019 equity. As we continue hitting and, in most cases, exceeding our strategic financial goals, we see an opportunity to add key staff in revenue producing positions as well as a few critical support roles. You will learn who a few of those highly talented folks are later in this letter. In addition to our great financial success in 2025, we also saw our BYLB share value increase from $84.70 to over $113.00 per share at year end. Thank you for your continued investment in Boyle Bancorp, Inc. and thereby, The Farmers National Bank. Management and the board of directors are pleased to provide information in this annual report that highlights another successful year for our company.Throughout 2025 we exceeded expectations for bothasset growth and earnings. Earnings grew 15.17% in 2025 and total assets grew $24.4 million year-over-year. 2025 marks the fifth year in a row for annualized record earnings. Earnings Per Share (EPS) of $15.47 were $1.51 ahead of budget expectations. Loan growth across our entire footprint was robust. We grew loans outstanding by $57.7 million or 8.12%. We strengthened our equity and capital positions throughout 2025, while increasing our dividend to shareholders. The financial performance over the past few years hasbeen a result of our foundational pursuit to carry out our strategic planning. Organic growth and expansion of our WealthSouth unit continue to be clear paths for success. However, as the banking industry continues to contract by way of acquisition, we believe there are opportunities to find a bank willing to sell that would align with our strategic objectives. It is critically important that any such opportunity fit culturally, have a clear path for continued growth and ultimately enhance shareholder value. WealthSouth, our asset management and commercial lending division, experienced continued growth, hitting new highs in assets under management and assets under administration. At year end, the unit had $1.347 billion in assets under management and $5.05 billion in assets under administration. At year end, WealthSouth commercial lending accounted for $290 million of our total loan portfolio. WealthSouth generated $9.96 million in Net Income Before Tax (almost 60% of our total NIBT) last year.Our Lexington WealthSouth team moved into a newlocation this past November. We purchased 333 East Main St, Suite 120 in downtown Lexington. This new location is customer friendly with ample parking and visibility from Main Street. It also gives us additional room to grow in the Lexington Market. Building on our success, we will need to continue hiringtalented folks who we believe best fit our culture. To that end, we made a few of those hires in 2025. I%u2019m pleased to announce the hiring of Bryce Taylor, VP, Commercial Relationship Manager. Bryce is in our WealthSouth Evansville, IN office. We also hired Will Davis. Will serves as VP, Senior Wealth Management Advisor and works out of our Danville WealthSouth office. Jason Bisher was hired as VP, Garrard County Market Manager. Ricky Peterson has joined our Garrard County team as VP, Commercial Loan Officer, with more than 20 years of experience in commercial lending. Chris Zollner joined us as AVP, Commercial Loan Officer in Danville. Holly Christopher