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First Southern Bank

Waycross, GA · Cert 10055 · FSBH Corp.

State charter, non-member · FDIC · 7 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating regionally3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating regionally (n=99). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

62

Q2 2024Q2 2026peer median (50)

Asset Quality

70

Q2 2024Q2 2026peer median (50)

Profitability

46

Q2 2024Q2 2026peer median (50)

Liquidity

46

Q2 2024Q2 2026peer median

Efficiency

26

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

First Southern Bank

Waycross, GA · Cert 10055 · FSBH Corp.

State charter, non-member · FDIC · 7 branches

Q2 2026

$347.2MAssets
$226.5MLoans
$312.9MDeposits
$32.7MEquity
Loan mix
87%RE $190.7M12%C&I $25.6M2%Consumer $3.7MQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $209.7M33%Noninterest $103.2MQ2 2025Q2 2026

NIM

5.03%Q2 ’245.33%Q2 ’255.39%Q2 ’26+14%+1%

Non-interest income vs. expense

3.27%Q2 ’243.36%Q2 ’253.40%Q2 ’26+6%+2%

Market Position · Sebring, FL · 2026 SOD (annual) · 4.2% share · #7 of 9 inst. · $0.1B of $2.1B

4.2% Highlands
0.7% Manatee
14.7% Pierce
4.9% Ware

Executive Summary

  • Earnings: ROA of 0.94%, up 2 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.01% of loans (+1 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.92%, up 63 bps from a year ago.
  • Funding: loans stand at 72.38% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.94%+2 bps YoY

Net Interest Margin (YTD, annualized)

4.24%+4 bps YoY

Efficiency Ratio (YTD, annualized)

72.90%+70 bps YoY

Tier 1 Leverage Ratio

10.92%+63 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.92%1.00%0.90%0.94%0.94%+2 bps
Return on Equity10.62%11.31%10.10%9.91%10.00%-62 bps
Net Interest Margin4.21%4.26%4.28%4.29%4.24%+4 bps
Efficiency Ratio72.19%70.80%73.82%73.10%72.90%+70 bps
Non-Interest Burden2.91%2.87%3.03%3.03%2.98%+7 bps
Growth
Asset Growth (YoY)5.68%5.34%4.24%1.67%4.91%-77 bps
Loan Growth (YoY)12.17%10.84%13.25%5.56%4.43%-774 bps
Deposit Growth (YoY)5.06%4.51%1.02%0.71%4.18%-88 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.01%0.04%0.01%+1 bps
Net Charge-Offs / Loans0.00%0.01%0.00%0.01%0.04%+4 bps
Allowance / Loans0.91%0.90%0.89%0.93%0.89%-2 bps
Allowance Coverage of NPLsn/an/a79.3x21.2x77.4xn/a
Capital
Tier 1 Leverage Ratio10.29%10.52%10.57%10.93%10.92%+63 bps
Total Risk-Based Capital15.15%15.15%14.84%15.71%15.76%+61 bps
Equity / Assets8.80%9.33%9.41%9.48%9.41%+61 bps
Liquidity & Funding
Loans / Deposits72.21%76.75%80.22%73.49%72.38%+17 bps
Liquid Assets / Assets27.71%23.79%22.37%27.01%28.45%+75 bps
CRE / Total Capitaln/a329%339%321%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

First Southern Bank

Waycross, GA · Cert 10055 · Peer group: banks under $1B in assets operating regionally (n=99) · FSBH Corp.

State charter, non-member · FDIC · 7 branches

Q2 2026

$347.2MAssets
$226.5MLoans
$312.9MDeposits
$32.7MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 94% of banks under $1B in assets operating regionally (rank 7 of 99).
  • Widest gap: efficiency ratio trails 74% of banks under $1B in assets operating regionally (rank 74 of 99).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.91%

Rank 69 of 99

Net Interest Margin

4.24%

Rank 23 of 99

Efficiency Ratio

72.90%

Rank 74 of 99

Equity / Assets

9.41%

Rank 67 of 99

Non-interest income vs. expense

$1.4M$11.3MINCOMEEXPENSE
Unfavorable gap of $9.9M · efficiency ratio beats 26% of banks under $1B in assets operating regionally
Bank 72.90%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.91%0.82%1.19%1.48%Beats 30%69 / 99
Return on Equity9.72%7.92%11.87%14.08%Beats 32%67 / 99
Net Interest Margin4.24%3.44%3.80%4.18%Beats 77%23 / 99
Efficiency Ratio72.90%55.83%62.41%73.02%Beats 26%74 / 99
Asset Quality
Nonperforming Loans / Loans0.01%0.19%0.46%1.04%Beats 94%7 / 99
Net Charge-Offs / Loans0.02%0.00%0.02%0.06%Beats 46%54 / 99
Capital
Tier 1 Capital Ratio14.87%10.28%11.95%14.75%Beats 77%23 / 99
Total Risk-Based Capital Ratio15.76%10.45%12.59%15.64%Beats 77%23 / 99
Equity / Assets9.41%8.89%10.14%11.36%Beats 32%67 / 99
Liquidity & Funding
Loans / Deposits72.38%74.57%84.03%94.55%21st pctl78 / 99
Loans / Assets65.23%62.55%71.25%78.99%29th pctl70 / 99
Brokered Deposits / Depositsn/aNot reported for this institution