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First State Bank

Eastpointe, MI · Cert 15032 · First State Financial Corp.

State charter, Fed member · FED · 11 branches

Q2 2026

$1.3BAssets
$1.1BLoans
$1.2BDeposits
$130.8MEquity
Loan mix
86%RE $832.8M14%C&I $137.2M0%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $1.0B16%Noninterest $0.2BQ2 2025Q2 2026

NIM

4.96%Q2 ’245.23%Q2 ’255.36%Q2 ’26+6%+8%

Non-interest income vs. expense

2.50%Q2 ’242.69%Q2 ’252.72%Q2 ’26+9%0%

Market Position · Detroit-Warren-Dearborn, MI · 2026 SOD (annual) · 0.7% share · #10 of 37 inst. · $1.2B of $183.9B

5.6% Macomb
0.0% Oakland

Executive Summary

  • Earnings: ROA of 1.24%, up 17 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 0.81% of loans (+36 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 10.01%, up 51 bps from a year ago.
  • Funding: loans stand at 86.88% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.24%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.48%+27 bps YoY

Efficiency Ratio (YTD, annualized)

62.82%-403 bps YoY

Tier 1 Leverage Ratio

10.01%+51 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.07%1.15%1.16%1.20%1.24%+17 bps
Return on Equity12.17%13.02%12.94%12.74%12.96%+78 bps
Net Interest Margin3.21%3.24%3.27%3.41%3.48%+27 bps
Efficiency Ratio66.85%65.20%65.35%63.13%62.82%-403 bps
Non-Interest Burden1.87%1.83%1.86%1.86%1.87%-1 bps
Growth
Asset Growth (YoY)5.27%5.42%5.67%1.84%4.58%-69 bps
Loan Growth (YoY)9.76%11.29%19.70%23.10%15.92%+616 bps
Deposit Growth (YoY)8.30%4.92%4.90%0.85%3.93%-438 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.58%0.81%0.81%0.81%+36 bps
Net Charge-Offs / Loans0.01%0.02%0.02%0.13%0.12%+12 bps
Allowance / Loans1.46%1.36%1.36%1.33%1.29%-18 bps
Allowance Coverage of NPLs3.3x2.3x1.7x1.7x1.6x-1.7x
Capital
Tier 1 Leverage Ratio9.50%9.47%9.55%9.77%10.01%+51 bps
Total Risk-Based Capital9.50%9.47%9.55%9.77%10.01%+51 bps
Equity / Assets9.05%9.11%9.46%9.45%9.69%+64 bps
Liquidity & Funding
Loans / Deposits77.90%80.86%85.15%83.99%86.88%+899 bps
Liquid Assets / Assets7.41%6.88%4.53%6.40%5.21%-220 bps
CRE / Total Capitaln/a344%350%349%n/an/a