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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 1.63%, down 32 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 1.33% of loans (+123 bps YoY), with net charge-offs at 0.01%.
  • 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 (quarter, annualized)

1.63%-32 bps YoY

Net Interest Margin (quarter, annualized)

3.69%-47 bps YoY

Efficiency Ratio (quarter, annualized)

47.76%+274 bps YoY

Tier 1 Leverage Ratio

11.23%-38 bps YoY

NIM

5.46%Q2 ’245.83%Q2 ’255.39%Q2 ’26+11%-11%

Non-interest income vs. expense

2.47%Q2 ’242.05%Q2 ’251.94%Q2 ’26-19%-5%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.57%2.14%1.82%1.95%2.10%1.78%1.77%1.63%-32 bps
Return on Equity16.62%22.18%18.98%19.81%20.39%16.82%17.50%16.39%-342 bps
Net Interest Margin3.93%4.08%4.07%4.16%4.09%4.13%3.95%3.69%-47 bps
Efficiency Ratio52.54%42.65%49.93%45.02%40.05%49.19%44.00%47.76%+274 bps
Non-Interest Burden1.83%1.52%1.77%1.66%1.38%1.84%1.52%1.57%-9 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%0.00%0.05%0.01%0 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