It's like **a regional Bank of America, specifically serving the communities of Ohio and West Virginia.**

Think of it as **a community-focused Wells Fargo for Ohio and West Virginia.**

• Deposit Accounts: Offers various accounts including checking, savings, money market, and certificates of deposit for storing funds.
• Residential Mortgages: Provides loans for purchasing or refinancing one-to four-family residential properties, including online-only options.
• Commercial Loans: Extends financing to businesses for equipment, inventory, commercial real estate, and rental property.
• Consumer Loans: Offers personal loans secured by automobiles, mobile homes, or other property, as well as unsecured personal and student loans.
• Construction Loans: Provides financing for building new properties.
• Credit Card Services: Issues and manages credit cards for customers.
• Consumer Finance: Operates offices specifically for direct consumer lending and financial services.
• Trust Services: Provides fiduciary services for managing assets.
• Insurance Services: Offers commercial property and various liability insurance products.
• Seasonal Tax Preparation Services: Assists customers with filing their taxes during specific periods.
• General Banking Services: Includes amenities such as safe deposit boxes, wire transfers, internet banking, cash management, and ATM services.

Ohio Valley Banc Corporation (OVBC) serves a diverse customer base, encompassing both individual consumers and various types of businesses within its operating regions of Ohio and West Virginia. Given the comprehensive range of consumer-focused products and services, including a dedicated "Consumer Finance" segment, and the community banking model, the company serves a broad array of customers rather than a few major corporate clients. Therefore, its major customers can be described through the following categories:

1. Individual Consumers: This group includes individuals seeking personal banking services such as checking, savings, money market, and individual retirement accounts; residential mortgages (one-to four-family residential mortgages); and a wide range of consumer loans for automobiles, mobile homes, recreational vehicles, personal expenses, and student financing. It also covers those utilizing credit cards, safe deposit boxes, and seasonal tax preparation services.

2. Local Businesses and Commercial Entities: This category encompasses small to medium-sized enterprises (SMEs) and other commercial organizations within the bank's operating regions that require commercial loans for purposes such as securing equipment, inventory, commercial real estate, and rental properties. They also utilize various deposit products (e.g., demand deposits, NOW accounts), cash management, and commercial property and liability insurance services.

3. Real Estate Developers and Investors: A specialized segment, this includes individuals and businesses focused on real estate, leveraging the bank's offerings for residential and commercial real estate loans, as well as construction loans for property development.

Larry E. Miller, II President & Chief Executive Officer

Larry E. Miller, II was appointed President of Ohio Valley Banc Corp. and Ohio Valley Bank Company in May 2019 and served as its Chief Operating Officer from May 2015 until May 2022. He was promoted to Chief Executive Officer of both entities in May 2022. Miller began his career with Ohio Valley Bank in 1986 as a teller and has held various positions over three decades, including internal auditor, treasurer, and secretary, as well as several officer and senior management roles. He is a native of Gallia County and holds a bachelor's degree in Business Finance from Cedarville University. Miller is also a graduate of the Ohio School of Banking and the Graduate School of Banking at the University of Wisconsin-Madison.

Scott W. Shockey Senior Vice President & Chief Financial Officer

Scott W. Shockey has served as the Director of Finance/Chief Financial Officer for Ohio Valley Banc Corp. since November 2004. He is also recognized as an Investor Relations Contact since March 2001.

Ryan J. Jones Chief Operating & Risk Officer

Ryan J. Jones was promoted to Chief Operating Officer of both Ohio Valley Bank and Ohio Valley Banc Corp. in May 2022. He also continues to hold the title of Risk Officer. Jones began his banking career in 1999 with The Milton Banking Company, where he worked in the proof processing/computer department and later became the compliance officer and secretary of the board. He was named to the board of directors of The Milton Banking Company in 2012. Following the merger of The Milton Banking Company with Ohio Valley Bank in 2016, Jones was named senior vice president. He is a graduate of Jackson High School and holds a business management degree from the University of Rio Grande.

Bryan F. Stepp Senior Vice President of Lending/Credit

Bryan F. Stepp serves as the Senior Vice President of Lending/Credit for Ohio Valley Banc Corp.

Tom R. Shepherd Senior Vice President & Corporate Secretary

Tom R. Shepherd holds the title of Senior Vice President and has been the Corporate Secretary of Ohio Valley Banc Corp. since May 2019.

Key Risks to Ohio Valley Banc Corporation (OVBC)

• Interest Rate Risk: As a financial institution, Ohio Valley Banc Corporation's profitability is highly sensitive to fluctuations in interest rates. Changes in market interest rates can impact the company's net interest margin, which is the difference between the interest income earned on assets (like loans) and the interest paid on liabilities (like deposits). A mismatch in the repricing of assets and liabilities, or a prolonged period of unfavorable interest rates, could adversely affect the company's earnings and financial condition.
• Credit Risk and Regional Economic Conditions: Ohio Valley Banc Corporation's business involves extending various types of loans, including residential real estate, commercial, and consumer loans. The company is primarily concentrated in Ohio and West Virginia. An economic downturn, particularly within these specific regions, could lead to increased unemployment, reduced consumer spending, and financial distress among borrowers, resulting in a higher incidence of loan defaults, delinquencies, and charge-offs. This directly impacts the quality of the company's loan portfolio and its overall financial performance.
• Competition and Technological Disruption: The financial services industry is highly competitive. Ohio Valley Banc Corporation faces competition from larger national and regional banks, credit unions, and increasingly from online-only banks and financial technology (fintech) companies. These competitors may offer more diverse products, lower fees, or advanced digital services. Failure to continually adapt to technological advancements, enhance digital offerings, and protect against cybersecurity threats could lead to a loss of market share, diminished customer loyalty, and increased operational costs.

The emergence and growth of digital-only banks and financial technology (FinTech) companies that leverage technology to offer banking services (deposits, payments, core accounts) through highly efficient online platforms and mobile apps, often with lower fees, more competitive interest rates, and superior user experiences, directly threatening OVBC's traditional branch-based model for attracting and retaining customers.

Increased competition from specialized online lenders and FinTech platforms for various loan products (residential real estate, commercial, consumer, student loans) who utilize advanced algorithms and streamlined digital processes to offer quicker approvals, more convenient application experiences, and potentially more competitive rates, thereby challenging OVBC's market share in its lending segments.

For Ohio Valley Banc Corporation (OVBC), the addressable markets for some of its main products and services in its operating regions of Ohio and West Virginia are as follows:

• Real Estate Loans (Residential and Commercial): The market size for the Real Estate Loans & Collateralized Debt industry in Ohio is projected to be $10.1 billion in 2026. In West Virginia, this market is projected to be $422.7 million in 2026.
• Deposit Products (Checking, Savings, Time, Money Market Accounts, etc.): The overall deposit market in Ohio was approximately $565.32 billion in 2025. For West Virginia, the total deposits held by all depository institutions were approximately $51.3 billion as of June 30, 2025.
• Commercial Banking (Industry Revenue): In West Virginia, the Commercial Banking industry generated an estimated $4.6 billion in revenue. While Ohio has a significant financial services economy, with a GDP of $52 billion, a specific total addressable market size for the commercial banking industry's revenue for 2025 or 2026 comparable to the West Virginia figure was not identified.

For Ohio Valley Banc Corporation (OVBC), the following are 3-5 expected drivers of future revenue growth over the next 2-3 years:

1. Growth in Commercial and Residential Real Estate Loans: Ohio Valley Banc Corporation has demonstrated a deliberate focus on higher-quality, relationship-based lending, with significant loan growth observed in commercial real estate, commercial and industrial, and residential real estate segments. This strategy, which includes scaling back less profitable consumer lending, is expected to continue driving revenue by expanding the loan portfolio.
2. Net Interest Margin (NIM) Expansion and Optimization: The company has experienced notable expansion in its net interest margin, attributed to higher yields on earning assets and a decrease in funding costs. This is achieved through growth in higher-yielding loans and securities, along with a strategic shift towards lower-cost deposit categories such as NOW, money market, and savings accounts, while higher-cost certificates of deposit reprice downward. Continued optimization of the net interest margin will be a key driver of net interest income.
3. Strategic Deposit Growth and Management: Actively attracting and retaining lower-cost deposits is crucial for managing funding costs and, in turn, expanding the net interest margin. The company's participation in programs like Ohio Homebuyer Plus also influences deposit balances, supporting overall funding stability and growth.
4. Expansion of Lending Operations and Geographic Presence: Ohio Valley Banc Corporation's initiative to open new loan offices, such as the one in Parkersburg, indicates a strategy to expand its lending reach and market presence within its operational areas in Ohio and West Virginia. This expansion is designed to capture new loan opportunities and increase overall revenue.

Share Repurchases

• Ohio Valley Banc Corporation has an existing stock buyback program, originally approved in 2021, which was extended to August 31, 2026.
• The program authorizes the repurchase of up to $5 million in the Company's outstanding common stock.
• As of August 19, 2025, the Company had repurchased approximately $2.967 million in common stock under this program. In 2024, the company purchased 82,673 treasury shares for $1.9 million.

Share Issuance

• Shareholders have not been meaningfully diluted in the past year, as of March 11, 2026.
• As of February 28, 2026, the number of common shares outstanding was 4,711,001.

Outbound Investments

• In December 2023, Ohio Valley ceased operating Race Day Mortgage, Inc., a wholly-owned subsidiary since April 2021, due to low loan demand, poor employee retention, and lack of profitability.
• Also in December 2023, the Company ceased operating OVBC Captive, Inc., a subsidiary since July 2014, due to proposed IRS regulations adversely impacting its taxation.
• In Q3 2025, the company repositioned its securities portfolio by selling lower-yielding assets and reinvesting at a higher yield, incurring a one-time loss of $1.22 million but aiming for long-term net interest income growth.