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First Farmers Bank & Trust Co.

Converse, IN · Cert 12839 · First Farmers Financial Corp.

State charter, Fed member · FED · 37 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets operating regionally (n=174). 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

47

Q2 2024Q2 2026peer median (50)

Asset Quality

42

Q2 2024Q2 2026peer median (50)

Profitability

78

Q2 2024Q2 2026peer median (50)

Liquidity

73

Q2 2024Q2 2026peer median

Efficiency

88

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 Farmers Bank & Trust Co.

Converse, IN · Cert 12839 · First Farmers Financial Corp.

State charter, Fed member · FED · 37 branches

Q2 2026

$3.5BAssets
$2.6BLoans
$3.0BDeposits
$341.1MEquity
Loan mix
77%RE $1.6B23%C&I $0.5B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $2.6B15%Noninterest $0.5BQ2 2025Q2 2026

NIM

5.75%Q2 ’245.80%Q2 ’255.80%Q2 ’26+6%+5%

Non-interest income vs. expense

1.82%Q2 ’241.97%Q2 ’252.00%Q2 ’26+14%+0%

Market Position · Kokomo, IN · 2026 SOD (annual) · 31.1% share · #2 of 8 inst. · $0.6B of $2.0B

31.1% Howard
63.4% Miami
23.5% Cass
76.5% Tipton

Executive Summary

  • Earnings: ROA of 1.65%, up 19 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 1.00% of loans (+1 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.06%, up 28 bps from a year ago.
  • Funding: loans stand at 85.23% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.65%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.74%+18 bps YoY

Efficiency Ratio (YTD, annualized)

46.86%-160 bps YoY

Tier 1 Leverage Ratio

10.06%+28 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.46%1.48%1.52%1.60%1.65%+19 bps
Return on Equity16.32%16.30%16.55%17.07%17.35%+103 bps
Net Interest Margin3.56%3.58%3.55%3.66%3.74%+18 bps
Efficiency Ratio48.46%49.26%48.98%47.36%46.86%-160 bps
Non-Interest Burden1.46%1.48%1.45%1.46%1.46%+1 bps
Growth
Asset Growth (YoY)3.64%2.58%6.02%8.72%5.46%+182 bps
Loan Growth (YoY)4.12%2.92%5.59%5.61%5.55%+143 bps
Deposit Growth (YoY)8.68%1.79%2.07%11.27%5.84%-284 bps
Asset Quality
Nonperforming Loans / Loans0.99%0.72%0.66%0.89%1.00%+1 bps
Net Charge-Offs / Loans0.20%0.15%0.12%0.10%-0.01%-22 bps
Allowance / Loans1.47%1.51%1.50%1.53%1.64%+17 bps
Allowance Coverage of NPLs1.5x2.1x2.3x1.7x1.6x+0.1x
Capital
Tier 1 Leverage Ratio9.78%10.06%10.08%9.86%10.06%+28 bps
Total Risk-Based Capital13.43%13.92%13.77%13.71%14.07%+64 bps
Equity / Assets8.94%9.55%9.54%9.20%9.76%+81 bps
Liquidity & Funding
Loans / Deposits85.46%84.93%87.64%81.69%85.23%-23 bps
Liquid Assets / Assets2.63%2.05%2.26%5.26%2.25%-38 bps
CRE / Total Capitaln/a304%317%314%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 Farmers Bank & Trust Co.

Converse, IN · Cert 12839 · Peer group: banks $1B-$10B in assets operating regionally (n=174) · First Farmers Financial Corp.

State charter, Fed member · FED · 37 branches

Q2 2026

$3.5BAssets
$2.6BLoans
$3.0BDeposits
$341.1MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 90% of banks $1B-$10B in assets operating regionally (rank 17 of 174).
  • Widest gap: nonperforming loans / loans trails 69% of banks $1B-$10B in assets operating regionally (rank 121 of 174).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.65%

Rank 31 of 174

Net Interest Margin

3.74%

Rank 66 of 174

Efficiency Ratio

46.86%

Rank 22 of 174

Equity / Assets

9.76%

Rank 112 of 174

Non-interest income vs. expense

$19.2M$71.0MINCOMEEXPENSE
Unfavorable gap of $51.8M · efficiency ratio beats 88% of banks $1B-$10B in assets operating regionally
Bank 46.86%Peer median 59.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.65%0.93%1.27%1.52%Beats 82%31 / 174
Return on Equity16.86%9.26%11.89%14.41%Beats 90%17 / 174
Net Interest Margin3.74%3.22%3.56%3.91%Beats 62%66 / 174
Efficiency Ratio46.86%51.59%59.21%67.02%Beats 88%22 / 174
Asset Quality
Nonperforming Loans / Loans1.00%0.29%0.60%1.18%Beats 31%121 / 174
Net Charge-Offs / Loans0.03%0.01%0.03%0.10%Beats 53%82 / 174
Capital
Tier 1 Capital Ratio12.82%11.19%12.82%14.11%Beats 50%87 / 174
Total Risk-Based Capital Ratio14.07%11.81%13.70%15.33%Beats 56%76 / 174
Equity / Assets9.76%9.15%10.31%11.72%Beats 36%112 / 174
Liquidity & Funding
Loans / Deposits85.23%80.93%90.31%97.12%37th pctl110 / 174
Loans / Assets73.88%69.01%75.52%80.85%44th pctl98 / 174
Brokered Deposits / Depositsn/aNot reported for this institution