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First State Bank

Irvington, KY · Cert 12149 · First Breckinridge Bancshares

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in KY3

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 in KY (n=69). 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

66

Q2 2024Q2 2026peer median (50)

Asset Quality

35

Q2 2024Q2 2026peer median (50)

Profitability

70

Q2 2024Q2 2026peer median (50)

Liquidity

98

Q2 2024Q2 2026peer median

Efficiency

99

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 State Bank

Irvington, KY · Cert 12149 · First Breckinridge Bancshares

State charter, non-member · FDIC · 5 affiliate banks · 3 branches (27 in holding)

Q2 2026

$402.0MAssets
$288.4MLoans
$354.3MDeposits
$41.4MEquity
Loan mix
83%RE $235.7M13%C&I $36.2M4%Consumer $12.5MQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $256.2M28%Noninterest $98.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.72%, down 17 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 1.33% of loans (+123 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 11.23%, down 38 bps from a year ago.
  • Funding: loans stand at 81.42% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.72%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.66%-42 bps YoY

Efficiency Ratio (YTD, annualized)

45.90%-157 bps YoY

Tier 1 Leverage Ratio

11.23%-38 bps YoY

NIM

5.25%Q2 ’245.78%Q2 ’255.25%Q2 ’26+12%-10%

Non-interest income vs. expense

2.34%Q2 ’242.15%Q2 ’251.85%Q2 ’26-12%-13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.61%1.82%1.89%1.96%1.91%1.77%1.72%-17 bps
Return on Equity14.96%16.92%18.98%19.41%19.72%18.95%17.50%16.92%-249 bps
Net Interest Margin3.71%3.69%4.07%4.08%4.08%4.01%3.95%3.66%-42 bps
Efficiency Ratio55.76%52.20%49.93%47.47%45.00%46.07%44.00%45.90%-157 bps
Non-Interest Burden1.87%1.73%1.77%1.70%1.59%1.62%1.52%1.49%-21 bps
Growth
Asset Growth (YoY)13.39%13.10%13.70%9.53%8.68%9.66%19.97%15.00%+548 bps
Loan Growth (YoY)25.19%26.28%28.35%17.74%10.72%9.85%6.10%6.11%-1,163 bps
Deposit Growth (YoY)5.12%10.23%11.39%9.31%11.69%8.75%22.87%18.89%+959 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.13%0.08%0.10%0.06%0.23%0.10%1.33%+123 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.01%0.01%0.05%0.03%+2 bps
Allowance / Loans0.27%0.26%0.25%0.25%0.25%0.24%0.25%0.25%+1 bps
Allowance Coverage of NPLs1.4x2.0x3.0x2.4x3.9x1.1x2.5x0.2x-2.2x
Capital
Tier 1 Leverage Ratio11.55%11.51%11.44%11.61%11.99%11.99%11.89%11.23%-38 bps
Total Risk-Based Capital15.50%15.37%15.22%15.34%16.11%16.04%16.48%16.76%+142 bps
Equity / Assets9.77%9.48%9.66%10.00%10.59%10.62%9.63%10.29%+30 bps
Liquidity & Funding
Loans / Deposits91.79%89.47%91.01%91.23%90.99%90.38%78.59%81.42%-981 bps
Liquid Assets / Assets0.77%0.84%0.56%0.18%1.46%2.08%13.84%8.35%+817 bps
CRE / Total Capitaln/an/an/an/a231%241%238%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 State Bank

Irvington, KY · Cert 12149 · Peer group: banks under $1B in assets in KY (n=69) · First Breckinridge Bancshares

State charter, non-member · FDIC · 5 affiliate banks · 3 branches (27 in holding)

Q2 2026

$402.0MAssets
$288.4MLoans
$354.3MDeposits
$41.4MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 99% of banks under $1B in assets in KY (rank 2 of 69).
  • Widest gap: nonperforming loans / loans trails 78% of banks under $1B in assets in KY (rank 55 of 69).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.69%

Rank 8 of 69

Net Interest Margin

3.66%

Rank 40 of 69

Efficiency Ratio

45.90%

Rank 2 of 69

Equity / Assets

10.29%

Rank 32 of 69

Non-interest income vs. expense

$1.5M$7.7MINCOMEEXPENSE
Unfavorable gap of $6.2M · efficiency ratio beats 99% of banks under $1B in assets in KY
Bank 45.90%Peer median 63.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.69%0.83%1.18%1.44%Beats 88%8 / 69
Return on Equity16.39%7.64%11.70%15.70%Beats 81%13 / 69
Net Interest Margin3.66%3.45%3.75%3.96%Beats 42%40 / 69
Efficiency Ratio45.90%55.32%62.99%70.80%Beats 99%2 / 69
Asset Quality
Nonperforming Loans / Loans1.33%0.18%0.52%1.14%Beats 22%55 / 69
Net Charge-Offs / Loans0.02%0.01%0.02%0.06%Beats 48%37 / 69
Capital
Tier 1 Capital Ratio16.50%11.33%13.58%16.27%Beats 75%17 / 69
Total Risk-Based Capital Ratio16.76%11.55%14.43%17.27%Beats 70%21 / 69
Equity / Assets10.29%8.31%9.91%12.53%Beats 54%32 / 69
Liquidity & Funding
Loans / Deposits81.42%71.40%81.07%88.03%51st pctl34 / 69
Loans / Assets71.75%61.10%68.66%76.68%59th pctl28 / 69
Brokered Deposits / Depositsn/aNot reported for this institution