Financial Position - As of March 31, 2022, the Company had total consolidated assets of $2.25 billion, total loans net of unearned income of $1.63 billion, total deposits of $1.98 billion, and total shareholders' equity of $204.9 million[151]. - Total assets increased by $100.3 million or 4.7% to $2.25 billion at March 31, 2022, funded mainly by a $73.3 million increase in interest-bearing deposits[210]. - Total liabilities increased by $103.9 million or 5.4% to $2.04 billion at March 31, 2022, driven by a $101.5 million increase in total deposits[211]. - Total shareholders' equity decreased by $3.6 million or 1.7% to $204.9 million at March 31, 2022, primarily due to an increase in net unrealized losses on the investment portfolio[212]. - Liquid assets totaled $422.5 million as of March 31, 2022, representing 18.8% of total assets, up from $299.3 million or 16.8% of total assets at December 31, 2021[256]. Loan Performance - The Company approved 1,096 PPP loans totaling $229.2 million during the first and second rounds of the PPP spanning the twelve months ended December 31, 2020 and 2021[163]. - The outstanding balance of PPP loans as of March 31, 2022, was $7.6 million, net of deferred fees and costs[163]. - For the three months ended March 31, 2022, the Company did not have any loans in the deferral program[164]. - The allowance for loan losses was $20.0 million as of March 31, 2022, representing 1.23% of total gross loans, net of unearned income[196]. - The Company did not record a provision for loan losses for the three months ended March 31, 2022, compared to $2.4 million for the same period in 2021, indicating a decrease in uncertainty regarding the loan portfolio[170]. Income and Earnings - Net income increased by $2.6 million or 51.2% to $7.7 million for the three months ended March 31, 2022, compared to $5.1 million for the same period in 2021[167]. - Diluted earnings per share rose by $0.18 or 48.6% to $0.55 for the three months ended March 31, 2022, compared to $0.37 for the same period in 2021[168]. - Net interest income increased by $1.6 million to $17.9 million for the three months ended March 31, 2022, reflecting a 10.0% growth compared to $16.3 million for the same period in 2021[169]. - Non-interest income decreased by $50 thousand or 10.8% to $414 thousand for the three months ended March 31, 2022, primarily due to a decrease in mark-to-market adjustments[171]. - Non-interest expense increased by $893 thousand or 11.3% to $8.8 million for the three months ended March 31, 2022, driven by a $1.0 million increase in salaries and employee benefits[172]. Capital and Liquidity - The total risk-based capital ratio at the bank level was 15.4% as of March 31, 2022, compared to 14.6% in the previous year[176]. - The capital conservation buffer requires a minimum common equity Tier 1 ratio of 7.0%, with the Bank exceeding the fully phased-in requirements as of March 31, 2022[249]. - The minimum Tier 1 capital ratio for well-capitalized status is set at 8.0%, with the Bank categorized as well-capitalized under regulatory frameworks as of March 31, 2022[250]. - The Company conducts quarterly liquidity stress testing to prepare for unexpected adverse scenarios[255]. - Management maintains that the Company has a strong liquidity position, although future conditions could negatively impact this[258]. Investment and Securities - The fixed income investment securities portfolio's carrying value increased to $402.3 million at March 31, 2022, from $344.8 million at December 31, 2021[213]. - The investment portfolio had an estimated weighted average remaining life of approximately 5.0 years as of March 31, 2022[216]. - The company purchased $88.2 million of investment securities during the three months ended March 31, 2022, including $57.7 million of mortgage-backed securities[214]. - Average investment securities increased by approximately $196.4 million between the three months ended March 31, 2022, and 2021, funded primarily by PPP loan payoffs and deposit growth[192]. Deposits - Total deposits increased by $101.5 million or 5.4% to $1.98 billion as of March 31, 2022, compared to $1.88 billion at December 31, 2021[240]. - Non-interest bearing demand deposits rose by $7.0 million or 1.4% to $495.8 million, accounting for 25.0% of total deposits as of March 31, 2022[240]. - Interest-bearing deposits increased by $94.6 million or 6.8% to $1.49 billion, representing 75.0% of total deposits as of March 31, 2022[241]. - Core deposits totaled $1.74 billion, making up 87.9% of total deposits as of March 31, 2022, compared to 87.1% at December 31, 2021[242]. Risk and Uncertainty - The Company’s financial performance is highly dependent on the business environment in its primary markets and the overall U.S. economy, particularly due to the impacts of the COVID-19 pandemic[161]. - The Company’s ability to predict future results is inherently uncertain and may be affected by various risks, including economic conditions and regulatory changes[145]. - The allowance for loan losses is evaluated regularly and is based on management's review of the collectability of loans, considering historical experience and prevailing economic conditions[155]. - The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors, including trends in delinquencies and economic conditions[156]. - The Company has off-balance sheet arrangements that include commitments to extend credit and standby letters of credit, which may impact liquidity and capital resources[259].

Raymond James U.S. Bank Conference September 8, 2021 John Marshall Bancorp, inc. Forward Looking Statements In addition to historical information, this presentation may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "antic ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|------------------------------------|----------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2021 Virtual KBW Community Banking | | | | | | | | Conference | | | | | | | August 3, 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | John Marshall Bancorp, inc. Forward Looking S ...

July 28 – July 30, 2020 KBW Community Bank Investor Conference Forward Looking Statements This information presented herein contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of John Marshall Bancorp, Inc.'s (the "Company" ) operations and policies and regarding general economic conditions. In some cases, forward-looking statements can be ident ...