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First National Bank of Pulaski

Pulaski, TN · Cert 15572 · First Pulaski National Corp.

National charter · OCC · 13 branches

Q2 2026

$1.5BAssets
$1.0BLoans
$1.3BDeposits
$150.7MEquity
Loan mix
93%RE $907.2M5%C&I $50.0M2%Consumer $19.7MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $1.0B24%Noninterest $0.3BQ2 2025Q2 2026

NIM

5.27%Q2 ’245.39%Q2 ’255.35%Q2 ’26+14%+3%

Non-interest income vs. expense

1.99%Q2 ’242.07%Q2 ’252.14%Q2 ’26+8%0%

Market Position · Huntsville, AL · 2026 SOD (annual) · 3.5% share · #9 of 37 inst. · $0.4B of $12.4B

50.3% Giles
23.2% Limestone
31.5% Lincoln
0.9% Madison

Executive Summary

  • Earnings: ROA of 1.46%, up 28 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.24% of loans (+21 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 11.32%, up 38 bps from a year ago.
  • Funding: loans stand at 77.26% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.46%+28 bps YoY

Net Interest Margin (quarter, annualized)

3.63%+12 bps YoY

Efficiency Ratio (quarter, annualized)

52.54%-77 bps YoY

Tier 1 Leverage Ratio

11.32%+38 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.18%1.45%1.32%1.34%1.46%+28 bps
Return on Equity12.98%15.24%13.77%13.96%14.80%+182 bps
Net Interest Margin3.51%3.62%3.57%3.45%3.63%+12 bps
Efficiency Ratio53.31%51.85%54.59%54.64%52.54%-77 bps
Non-Interest Burden1.70%1.68%1.74%1.72%1.69%0 bps
Growth
Asset Growth (YoY)3.92%4.08%7.06%5.45%3.76%-16 bps
Loan Growth (YoY)6.93%6.90%5.30%3.98%3.36%-356 bps
Deposit Growth (YoY)2.81%3.24%6.04%4.65%2.95%+14 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.03%0.18%0.26%0.24%+21 bps
Net Charge-Offs / Loans0.31%-0.01%0.20%-0.06%0.09%-22 bps
Allowance / Loans1.30%1.31%1.30%1.32%1.30%0 bps
Allowance Coverage of NPLs41.0x41.0x7.1x5.0x5.4x-35.6x
Capital
Tier 1 Leverage Ratio10.94%11.16%10.93%10.92%11.32%+38 bps
Total Risk-Based Capital10.94%11.16%10.93%10.92%11.32%+38 bps
Equity / Assets9.24%9.75%9.46%9.68%10.05%+81 bps
Liquidity & Funding
Loans / Deposits76.95%78.57%75.48%75.25%77.26%+31 bps
Liquid Assets / Assets8.62%7.32%10.58%9.98%8.44%-19 bps
CRE / Total Capitaln/a324%320%310%n/an/a