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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

$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

4.93%Q2 ’245.17%Q2 ’255.47%Q2 ’26+7%+10%

Non-interest income vs. expense

2.79%Q2 ’242.46%Q2 ’252.42%Q2 ’26-15%+2%

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 1.45%, up 16 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.28% of loans (+22 bps YoY), with net charge-offs at 0.02%.
  • 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 (quarter, annualized)

1.45%+16 bps YoY

Net Interest Margin (quarter, annualized)

4.00%+38 bps YoY

Efficiency Ratio (quarter, annualized)

55.13%-433 bps YoY

Tier 1 Leverage Ratio

10.86%-257 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%1.11%1.10%1.22%1.45%+16 bps
Return on Equity11.04%10.32%10.45%11.21%13.09%+204 bps
Net Interest Margin3.63%3.07%3.87%3.65%4.00%+38 bps
Efficiency Ratio59.46%62.12%60.14%59.58%55.13%-433 bps
Non-Interest Burden1.95%1.68%2.13%1.98%1.98%+3 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 / Loans0.06%0.00%0.00%0.10%0.02%-4 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