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Farmers State Bank, The

New Madison, OH · Cert 14991 · FSB Financial Corp.

State charter, non-member · FDIC · 9 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets operating regionally (n=94). 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

45

Q2 2024Q2 2026peer median (50)

Asset Quality

52

Q2 2024Q2 2026peer median (50)

Profitability

57

Q2 2024Q2 2026peer median (50)

Liquidity

86

Q2 2024Q2 2026peer median

Efficiency

72

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

Farmers State Bank, The

New Madison, OH · Cert 14991 · FSB Financial Corp.

State charter, non-member · FDIC · 9 branches

Q2 2026

$329.6MAssets
$234.8MLoans
$289.6MDeposits
$37.3MEquity
Loan mix
89%RE $192.6M5%C&I $10.5M6%Consumer $13.0MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $242.5M16%Noninterest $47.2MQ2 2025Q2 2026

NIM

4.83%Q2 ’244.98%Q2 ’255.32%Q2 ’26+2%+11%

Non-interest income vs. expense

2.81%Q2 ’242.60%Q2 ’252.41%Q2 ’26-19%+4%

Market Position · Cincinnati, OH-KY-IN · 2026 SOD (annual) · 0.0% share · #52 of 54 inst. · $0.0B of $187.5B

8.6% Darke
2.2% Seneca
5.6% Preble
3.7% Randolph

Executive Summary

  • Earnings: ROA of 1.34%, up 9 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.28% of loans (+22 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 10.86%, down 257 bps from a year ago.
  • Funding: loans stand at 81.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.34%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.84%+38 bps YoY

Efficiency Ratio (YTD, annualized)

57.26%-535 bps YoY

Tier 1 Leverage Ratio

10.86%-257 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.24%1.17%1.16%1.22%1.34%+9 bps
Return on Equity10.70%10.45%10.48%11.21%12.14%+144 bps
Net Interest Margin3.46%2.89%3.04%3.65%3.84%+38 bps
Efficiency Ratio62.61%62.44%61.74%59.58%57.26%-535 bps
Non-Interest Burden1.90%1.57%1.66%1.98%1.98%+8 bps
Growth
Asset Growth (YoY)10.08%42.26%36.06%35.09%29.58%+1,950 bps
Loan Growth (YoY)13.99%40.72%38.29%32.57%26.50%+1,251 bps
Deposit Growth (YoY)9.25%40.43%36.68%36.80%31.62%+2,237 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.97%0.62%0.69%0.28%+22 bps
Net Charge-Offs / Loans0.03%0.02%0.01%0.10%0.06%+3 bps
Allowance / Loans1.30%1.08%1.10%1.14%1.16%-14 bps
Allowance Coverage of NPLs19.6x1.1x1.8x1.7x4.1x-15.5x
Capital
Tier 1 Leverage Ratio13.42%10.16%10.36%10.42%10.86%-257 bps
Total Risk-Based Capital13.42%10.16%10.36%10.42%10.86%-257 bps
Equity / Assets11.59%10.18%10.83%10.86%11.31%-29 bps
Liquidity & Funding
Loans / Deposits84.37%82.32%82.40%80.21%81.08%-328 bps
Liquid Assets / Assets3.39%8.70%4.47%9.01%8.17%+478 bps
CRE / Total Capitaln/a105.47%99.87%97.63%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

Farmers State Bank, The

New Madison, OH · Cert 14991 · Peer group: banks under $1B in assets operating regionally (n=94) · FSB Financial Corp.

State charter, non-member · FDIC · 9 branches

Q2 2026

$329.6MAssets
$234.8MLoans
$289.6MDeposits
$37.3MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 72% of banks under $1B in assets operating regionally (rank 27 of 94).
  • Widest gap: total risk-based capital ratio trails 68% of banks under $1B in assets operating regionally (rank 64 of 94).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.34%

Rank 31 of 94

Net Interest Margin

3.84%

Rank 44 of 94

Efficiency Ratio

57.26%

Rank 27 of 94

Equity / Assets

11.31%

Rank 28 of 94

Non-interest income vs. expense

$1.4M$8.0MINCOMEEXPENSE
Unfavorable gap of $6.6M · efficiency ratio beats 72% of banks under $1B in assets operating regionally
Bank 57.26%Peer median 62.4%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.34%0.82%1.19%1.46%Beats 67%31 / 94
Return on Equity11.84%7.85%11.84%14.03%Beats 50%47 / 94
Net Interest Margin3.84%3.42%3.81%4.18%Beats 53%44 / 94
Efficiency Ratio57.26%55.99%62.41%73.02%Beats 72%27 / 94
Asset Quality
Nonperforming Loans / Loans0.28%0.19%0.47%1.14%Beats 65%34 / 94
Net Charge-Offs / Loans0.03%0.00%0.02%0.05%Beats 38%59 / 94
Capital
Tier 1 Capital Ratio10.86%10.28%11.95%15.07%Beats 33%63 / 94
Total Risk-Based Capital Ratio10.86%10.31%12.59%15.88%Beats 32%64 / 94
Equity / Assets11.31%8.98%10.21%11.41%Beats 70%28 / 94
Liquidity & Funding
Loans / Deposits81.08%72.62%84.44%94.55%43rd pctl54 / 94
Loans / Assets71.25%62.50%72.84%78.99%47th pctl50 / 94
Brokered Deposits / Depositsn/aNot reported for this institution