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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 0.95%, up 3 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.01% of loans (+1 bps YoY), with net charge-offs at 0.08%.
  • 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 (quarter, annualized)

0.95%+3 bps YoY

Net Interest Margin (quarter, annualized)

4.30%+4 bps YoY

Efficiency Ratio (quarter, annualized)

72.70%+58 bps YoY

Tier 1 Leverage Ratio

10.92%+63 bps YoY

NIM

5.13%Q2 ’245.43%Q2 ’255.51%Q2 ’26+15%+1%

Non-interest income vs. expense

3.23%Q2 ’243.39%Q2 ’253.44%Q2 ’26+5%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.70%0.95%0.92%0.92%1.15%0.62%0.94%0.95%+3 bps
Return on Equity8.32%10.94%10.64%10.59%12.64%6.64%9.91%10.09%-50 bps
Net Interest Margin3.89%4.15%4.22%4.27%4.42%4.46%4.29%4.30%+4 bps
Efficiency Ratio77.36%72.66%72.27%72.12%68.22%82.61%73.10%72.70%+58 bps
Non-Interest Burden2.91%2.86%2.92%2.95%2.82%3.62%3.03%3.01%+5 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%0.08%+8 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