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First State Bank of Forrest

Forrest, IL · Cert 11669 · Forrest Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$328.3MAssets
$276.2MLoans
$280.3MDeposits
$29.4MEquity
Loan mix
81%RE $214.7M15%C&I $39.6M4%Consumer $11.9MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $240.9M14%Noninterest $39.4MQ3 2024Q2 2026

Market Position · Champaign-Urbana, IL · 2026 SOD (annual) · 0.9% share · #23 of 33 inst. · $0.1B of $8.7B

8.1% Livingston
1.0% Champaign
1.0% Peoria
1.3% Whiteside

Executive Summary

  • Earnings: ROA of 0.64%, down 2 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 1.83% of loans (+15 bps YoY), with net charge-offs at 0.46%.
  • Capital: tier 1 leverage ratio of 9.06%, up 29 bps from a year ago.
  • Funding: loans stand at 98.52% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.64%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.51%+48 bps YoY

Efficiency Ratio (YTD, annualized)

65.28%-663 bps YoY

Tier 1 Leverage Ratio

9.06%+29 bps YoY

NIM

4.98%Q2 ’245.45%Q2 ’255.74%Q2 ’26+16%+16%

Non-interest income vs. expense

2.30%Q2 ’242.38%Q2 ’252.42%Q2 ’26+4%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.38%0.47%0.44%0.67%0.75%0.88%0.67%0.64%-2 bps
Return on Equity4.50%5.51%5.10%7.81%8.83%10.19%7.60%7.24%-58 bps
Net Interest Margin2.61%2.65%3.00%3.03%3.01%3.08%3.43%3.51%+48 bps
Efficiency Ratio80.28%77.55%79.81%71.91%69.66%66.44%66.27%65.28%-663 bps
Non-Interest Burden2.04%1.98%2.35%2.10%1.99%1.92%2.21%2.22%+12 bps
Growth
Asset Growth (YoY)3.72%2.69%4.18%6.91%8.33%8.09%7.07%2.98%-394 bps
Loan Growth (YoY)3.07%5.28%2.89%8.07%8.43%8.15%5.22%-0.38%-844 bps
Deposit Growth (YoY)2.12%1.13%2.76%6.26%7.88%8.87%8.91%6.07%-19 bps
Asset Quality
Nonperforming Loans / Loans1.61%1.55%1.91%1.68%1.84%1.72%1.95%1.83%+15 bps
Net Charge-Offs / Loans0.02%0.02%0.01%0.10%0.12%0.12%0.18%0.46%+36 bps
Allowance / Loans0.95%0.96%0.97%0.91%0.88%0.87%0.94%0.94%+3 bps
Allowance Coverage of NPLs0.6x0.6x0.5x0.5x0.5x0.5x0.5x0.5x0.0x
Capital
Tier 1 Leverage Ratio8.72%8.85%8.79%8.77%8.72%8.97%8.96%9.06%+29 bps
Total Risk-Based Capital12.10%12.28%11.97%11.78%11.75%12.15%12.48%12.91%+113 bps
Equity / Assets8.57%8.59%8.51%8.45%8.60%8.88%8.80%8.95%+50 bps
Liquidity & Funding
Loans / Deposits103.79%103.11%103.27%104.90%104.31%102.42%99.77%98.52%-638 bps
Liquid Assets / Assets3.94%4.57%4.26%4.17%4.15%4.64%6.94%7.87%+370 bps
CRE / Total Capitaln/an/an/an/a210%214%209%n/an/a