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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=94). 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

58

Q2 2024Q2 2026peer median (50)

Asset Quality

70

Q2 2024Q2 2026peer median (50)

Profitability

47

Q2 2024Q2 2026peer median (50)

Liquidity

47

Q2 2024Q2 2026peer median

Efficiency

27

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 2026-10-11

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 $3.7MQ3 2024Q2 2026
Deposit mix
67%Interest-bearing $209.7M33%Noninterest $103.2MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.68%0.75%0.92%0.92%1.00%0.90%0.94%0.94%+2 bps
Return on Equity8.32%9.00%10.64%10.62%11.31%10.10%9.91%10.00%-62 bps
Net Interest Margin3.81%3.84%4.22%4.21%4.26%4.28%4.29%4.24%+4 bps
Efficiency Ratio77.70%76.33%72.27%72.19%70.80%73.82%73.10%72.90%+70 bps
Non-Interest Burden2.85%2.81%2.92%2.91%2.87%3.03%3.03%2.98%+7 bps
Growth
Asset Growth (YoY)-1.66%2.46%3.68%5.68%5.34%4.24%1.67%4.91%-77 bps
Loan Growth (YoY)9.43%5.13%10.27%12.17%10.84%13.25%5.56%4.43%-774 bps
Deposit Growth (YoY)-2.71%1.69%2.94%5.06%4.51%1.02%0.71%4.18%-88 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.00%0.00%0.00%0.00%0.01%0.04%0.01%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%0.00%0.01%0.04%+4 bps
Allowance / Loans0.90%0.92%0.91%0.91%0.90%0.89%0.93%0.89%-2 bps
Allowance Coverage of NPLs30.9xn/an/an/an/a79.3x21.2x77.4xn/a
Capital
Tier 1 Leverage Ratio10.02%10.04%10.23%10.29%10.52%10.57%10.93%10.92%+63 bps
Total Risk-Based Capital14.94%15.22%15.20%15.15%15.15%14.84%15.71%15.76%+61 bps
Equity / Assets8.62%8.69%8.58%8.80%9.33%9.41%9.48%9.41%+61 bps
Liquidity & Funding
Loans / Deposits72.37%71.55%70.11%72.21%76.75%80.22%73.49%72.38%+17 bps
Liquid Assets / Assets27.12%27.92%29.65%27.71%23.79%22.37%27.01%28.45%+75 bps
CRE / Total Capitaln/an/an/an/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 2026-10-11

First Southern Bank

Waycross, GA · Cert 10055 · Peer group: banks under $1B in assets operating regionally (n=94) · 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 94).
  • Widest gap: efficiency ratio trails 73% of banks under $1B in assets operating regionally (rank 70 of 94).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.91%

Rank 67 of 94

Net Interest Margin

4.24%

Rank 22 of 94

Efficiency Ratio

72.90%

Rank 70 of 94

Equity / Assets

9.41%

Rank 65 of 94

Non-interest income vs. expense

$1.4M$11.3MINCOMEEXPENSE
Unfavorable gap of $9.9M · efficiency ratio beats 27% 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 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.91%0.82%1.19%1.46%Beats 29%67 / 94
Return on Equity9.72%7.85%11.84%14.03%Beats 34%62 / 94
Net Interest Margin4.24%3.42%3.81%4.18%Beats 77%22 / 94
Efficiency Ratio72.90%55.99%62.41%73.02%Beats 27%70 / 94
Asset Quality
Nonperforming Loans / Loans0.01%0.19%0.47%1.14%Beats 94%7 / 94
Net Charge-Offs / Loans0.02%0.00%0.02%0.05%Beats 45%53 / 94
Capital
Tier 1 Capital Ratio14.87%10.28%11.95%15.07%Beats 72%26 / 94
Total Risk-Based Capital Ratio15.76%10.31%12.59%15.88%Beats 72%26 / 94
Equity / Assets9.41%8.98%10.21%11.41%Beats 31%65 / 94
Liquidity & Funding
Loans / Deposits72.38%72.62%84.44%94.55%22nd pctl73 / 94
Loans / Assets65.23%62.50%72.84%78.99%31st pctl65 / 94
Brokered Deposits / Depositsn/aNot reported for this institution