OXFORD BANK CORPORATION ANNOUNCES SIX MONTH AND SECOND QUARTER 2025 OPERATING RESULTS

Oxford Bank Corporation (“the Company”) (OTC Bulletin Board: OXBC), the holding company for Oxford Bank (“the Bank”), today announced operating results for the second quarter ended June 30, 2025.

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The Company's quarterly consolidated earnings for the three months ended June 30, 2025, were $2.78 million, or $1.13 per weighted average share, compared to $2.26 million, or $0.92 per weighted average share for the same period one year ago. President and CEO, David Lamb, commented, “We are pleased with the performance during the quarter and year-to-date. We continue to see momentum for profitable growth throughout 2025 and beyond although subject to all kinds of potential external risks some too new to assess today. Our business strategy has been very consistent over the years which is providing a people-oriented relationship that is supplemented by technology to constantly improve the client experience. Our core tactic is being able to serve our clients and prospective clients from the “unconventional” – start-up and distressed to providing ESOP financing to very successful conventional clients. We remain confident this strategy will continue to deliver consistent value to our stakeholders primarily shareholders, team and communities through continued solid short-term and long-term financial success for the Company.”

Lamb continued, “Comparing to prior year, net income has grown due to increasing net interest income. Net interest income is the lifeblood of community banks like Oxford and provides a stable and recurring driver of earnings going forward. This growth in net interest income has come from the team's engagement in executing on our business model to provide a superior experience and providing leadership feedback on continuous improvement ideas.”

Total Assets of the Company were $859.51 million as of June 30, 2025, compared to $823.87 million at March 31, 2025 and $821.23 million at June 30, 2024. “The balance sheet has increased from the prior quarter end, driven by $24 million increase in deposits from the prior quarter-end. This growth consists of a $12 million increase in client deposits, bolstered by $12 million in deposits from wholesale funding markets. Wholesale funding utilization increased due to loan growth outpacing client deposit growth during the quarter. The core of our deposit portfolio has continued to perform well and serves as our primary funding source. The reliable, low-cost funding provided by our branch network and business clients functions as the foundation of our business model and is an important reason for our enviable net interest margin. Liquidity remains strong between cash and readily marketable investments,” reported CEO David Lamb.

Total loans and leases at June 30, 2025 were $635.01 million, compared to $622.51 million at March 31, 2025, or $595.32 million at June 30, 2024. CEO Lamb noted, “Our lending activity remains strong without compromising our standards for credit underwriting, pricing discipline, or requirements for a full relationship which includes primary deposit account(s). There have been additional lending opportunities available to us that we have passed on due to our disciplined commitment to full-relationship banking. We are very pleased with our ability to grow the lending businesses without relenting on the cross-sale of depository relationships.”

Total deposits were $721.36 million as of June 30, 2025, compared to $697.44 million at March 31, 2025 and $693.98 million at June 30, 2024. Overall Bank cost of funds increased to 1.30% year-to-date, as of June 30, 2025, from 1.27% for the first quarter of 2025, or 1.25% for full-year 2024. The Bank's loan and deposit activity in the quarter resulted in Net Interest Margin (“NIM”) expansion to 5.22% year-to-date, as of June 30, 2025, from 5.15% for first quarter of 2025. This compares to 4.88% for full-year 2024. “We continue to be pleased with the stickiness of our deposits and the strength of our client relationships. This is the foundation of our low-cost funding mix and has allowed us to maintain margin despite operating in a rate environment where competition for deposits is very high. While utilizing comparatively expensive wholesale funding has driven the increase in our overall cost of funds, facilitating loan growth in this manner has ensured we do not unnecessarily cannibalize our low-cost branch network deposits in pursuit of balance sheet expansion,” continued Lamb.

The allowance for credit loss increased slightly, to $7.29 million at June 30, 2025, from $7.27 million at March 31, 2025. Provisions for credit loss of $1.37 million this quarter were driven primarily by net charge-offs of $1.28 million. Nearly all of these charge-offs were associated with a single loan relationship that was specifically reserved for during Q4 of 2024, which was transferred to Other Real Estate Owned (“OREO”) during this quarter. Lamb commented, “While non-accrual loans remain elevated compared to peers, we are confident that our exposures are properly supported by robust collateral coverage and/or government guarantee programs. For example, 39% of non-accrual loans have SBA guarantees associated with them. We expect the loan portfolio to continue to show only modest and isolated losses. The drag, if any, on earnings performance is expected to be minor. We have not seen the impact of tariffs yet but are monitoring very closely with our customers and prospective customers. The Bank has comparatively low levels of investment real estate and office exposure and a good mix of industry and geography (albeit southeast Michigan centered) that mitigates concentration risk. We also actively utilize the SBA and other government guarantee programs like the Michigan Economic Development Corp. to mitigate weaknesses in transactions to allow us to continue to provide capital to the businesses within the communities where we live and work.”

The Company's total shareholders' equity was $103.18 million as of June 30, 2025, representing book value per share of $41.70, compared to total shareholders' equity of $99.85 million, or $40.51 per share at March 31, 2025 and $90.16 million, or $36.72 per share at June 30, 2024. The increase in year-over-year equity is mainly a reflection of the positive accretion of retained earnings. The subsidiary Bank's Tier 1 capital totaled $101.63 million as of June 20, 2025, or 14.29% of risk-weighted assets compared to $98.53 million, or 13.99% of risk-weighted assets as of March 31, 2025, and $92.04 million, or 13.59% as of June 30, 2024.

Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company. It is the oldest commercial bank in Oakland County and operates seven full-service offices in Clarkston, Davison, Dryden, Lake Orion, Oakland Township, Ortonville, and Oxford, Michigan. The Bank also has Customer Experience Centers in Ann Arbor, Macomb and Rochester Hills, Michigan, with transactional services provided by Interactive Teller Machines only. In addition, Oxford Bank has business banking/commercial finance centers in Phoenix, AZ., Wixom, downtown Oxford, and Flint, Michigan. The Bank has operated continuously under local ownership and management since it first opened for business in 1884. For more information about Oxford Bank and its complete line of financial services, please visit www.oxfordbank.bank.

Except for the historical information contained herein, the matters discussed in the Release may be deemed forward-looking statements that involve risk and uncertainties. Words or phrases “will likely result”, “are expected to”, “will continue”, “is anticipated”, “estimate”, “project”, or similar expressionsare intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Factors which could cause actual results to differ, include, but are not limited to, fluctuations in interest rates, changes in economic conditions of the Bank's market area, changes in policies by regulatory agencies, the acceptance of new products, the impact of competitive products and pricing and the other risks detailed from time to time in the Bank's and Corporation's reports. These forward-looking statements represent the Bank's judgment as of the date of this report. The Bank disclaims, however, any intent or obligation to update these forward-looking statements.

Oxford Bank CorporationConsolidated Balance Sheet (Unaudited)(Dollars in thousands except per share data) June 30 2025 2024ASSETS: Cash and cash equivalents $ 51,851 $ 59,854 Interest bearing time deposits in banks 750 3,985 Investment Securities – Available-for-Sale 116,964 119,616 Investment Securities – Held-to-Maturity 1,160 1,170 Loans and Leases 635,007 595,320 Less: Allowance for credit losses (7,293) (6,732) Net loans and leases 627,714 588,588 Premises and equipment, net 8,618 8,402 Other real estate owned 7,267 – Goodwill 7,000 7,000 Bank-owned life insurance 11,398 11,027 Equipment on operating leases, net 2,596 3,664 Accrued interest receivable and other assets 24,187 17,923 TOTAL ASSETS $ 859,505 $ 821,229LIABILITIES: Deposits Noninterest-bearing $ 275,179 $ 267,714 Interest-bearing 446,176 426,267 Total deposits 721,355 693,981 Borrowings 15,925 25,762 Accrued interest payable, taxes and other liabilities 17,478 10,041 TOTAL LIABILITIES 754,758 729,784SHAREHOLDERS' EQUITY Common stock, no par value; 10,000,000 shares authorized; 2,474,361 and 2,455,341 shares issued and outstanding as of June 30, 2025 and 2024, respectively 30,726 30,314 Retained Earnings 74,822 64,782 Accumulated other comprehensive income (loss), net of tax (2,367) (4,933) Total Shareholders' Equity attributable to Parent 103,181 90,163 Noncontrolling Interest 1,566 1,282 TOTAL EQUITY 104,747 91,445 TOTAL LIABILITIES & EQUITY $ 859,505 $ 821,229 Book value per share $41.70 $36.72Oxford Bank CorporationConsolidated Statement of Income (Unaudited)(Dollars in thousands except per share data) Quarter to Date Year to Date June 30 June 30 2025 2024 2025 2024INTEREST INCOME: Loans and Leases, including fees 12,010 10,395 23,280 21,106 Investment securities: Taxable 779 698 1,496 1,282 Tax-exempt 12 14 25 28 Interest bearing balances at banks 345 1,025 796 2,079 Total Interest Income 13,146 12,132 25,597 24,495INTEREST EXPENSE: Interest on deposits 2,337 2,061 4,592 3,999 Interest on borrowed funds 194 257 333 399 Total Interest Expense 2,531 2,318 4,925 4,398Net Interest Income 10,615 9,814 20,672 20,097 Provision for credit losses 1,369 1,257 997 1,214 Net Interest Income After Provision for Credit Losses 9,246 8,557 19,675 18,883NON-INTEREST INCOME: Service charges – deposits 153 187 300 342 ATM fee income 179 177 333 338 Gain on sale of loans 313 52 361 141 Business banking income 541 651 1,026 1,026 Commercial finance fee income 210 759 639 1,096 Operating lease revenue 169 168 337 318 Income on bank owned life insurance 94 89 186 177 Gain (loss) on disposal of Fixed Assets 255 – 255 – Other 335 187 581 482 Total Noninterest Income 2,249 2,270 4,018 3,920NON-INTEREST EXPENSE: Salaries and employee benefits 4,620 4,740 9,328 9,317 Occupancy and equipment 359 371 1,159 913 Data Processing 455 1,157 1,487 2,219 Legal and other professional fees 373 280 807 534 Other loan expense 425 329 595 532 Other 1,430 1,171 2,586 2,059 Total Noninterest Expense 7,662 8,048 15,962 15,574Income Before Income Taxes 3,833 2,779 7,731 7,229 Income tax expense 733 689 1,468 1,549Net Income Before Noncontrolling Interest 3,100 2,090 6,263 5,680 Net income attributable to Noncontrolling Interest 318 (168) 657 144Net Income attributable to Parent $ 2,782 $ 2,258 $ 5,606 $ 5,536Earnings per Weighted Average Share – Basic $ 1.13 $ 0.92 $ 2.27 $ 2.25Oxford Bank CorporationConsolidated Financial Summary and Selected Ratios (Unaudited)(Dollars in thousands except per share data) Year to Date June 30 Change 2025 2024 Amount PercentageIncome Statement Interest income $ 25,597 $ 24,495 $ 1,102 4.5% Interest expense 4,925 4,398 527 12.0% Net interest income 20,672 20,097 575 2.9% Provision for loan loss 997 1,214 (217) (17.9%) Noninterest income 4,018 3,920 98 2.5% Noninterest expense 15,962 15,574 388 2.5% Income before income taxes 7,731 7,229 502 6.9% Income tax expense 1,468 1,549 (81) (5.2%) Net income attributable to Noncontrolling Interest 657 144 513 356.3% Net Income $ 5,606 $ 5,536 $ 583 10.5%Balance Sheet Data Total assets 859,505 821,229 38,276 4.7% Earning assets 753,881 720,091 33,790 4.7% Total loans 635,007 595,320 39,687 6.7% Allowance for credit losses 7,293 6,732 561 8.3% Total deposits 721,355 693,981 27,374 3.9% Other borrowings 15,925 25,762 (9,837) (38.2%) Liability for unfunded commitments 534 241 293 121.6% Total equity 104,747 91,445 13,302 14.5%Asset Quality Other real estate owned 7,267 – 7,267 n/a Net charge-offs (recoveries) 2,082 674 1,408 208.9% Non-accrual loans 10,568 9,145 1,423 15.6% Nonperforming assets 17,835 9,145 8,690 95.0% Non-accrual loans / total loans 1.66% 1.54% 0.13% 8.3% Allowance for loan credit loss / total loans 1.15% 1.13% 0.02% 1.6% Allowance for loan credit loss / non-accrual loans 69.01% 73.61% (4.60%) (6.3%)Performance Measurements Bank net interest margin (TE) 5.22% 4.70% 0.52% 11.1% Return on average assets (annualized) 1.35% 1.28% 0.07% 5.2% Return on average equity (annualized) 11.20% 12.64% (1.44%) (11.4%) Equity / Assets 12.19% 11.14% 1.05% 9.4% Loans / Deposits 88.0% 85.8% 2.2% 2.6% Book value per share $41.70 $36.72 $ 4.98 13.6% Earnings per weighted average share – basic $ 2.27 $ 2.25 $ 0.02 0.8% Weighted average shares outstanding 2,466,607 2,455,341 11,266 0.5%Contact: David P. Lamb, Chairman, President & CEOPhone: (248) 628-2533Fax: (248) 969-7230

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