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First National Bank of America

East Lansing, MI · Cert 17438 · First National Bancshares Inc.

National charter · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 (n=313 to 319). 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

53

Q2 2024Q2 2026peer median (50)

Asset Quality

45

Q2 2024Q2 2026peer median (50)

Profitability

96

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

98

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 National Bank of America

East Lansing, MI · Cert 17438 · First National Bancshares Inc.

National charter · OCC · 3 branches

Q2 2026

$6.8BAssets
$6.3BLoans
$3.9BDeposits
$550.7MEquity
Loan mix
100%RE $6.2B0%C&I $0.0B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
97%Interest-bearing $3.8B3%Noninterest $0.1BQ2 2025Q2 2026

NIM

8.05%Q2 ’248.22%Q2 ’258.21%Q2 ’26+1%0%

Non-interest income vs. expense

1.22%Q2 ’241.26%Q2 ’251.30%Q2 ’26-8%+33%

Market Position · Lansing-East Lansing, MI · 2026 SOD (annual) · 27.2% share · #1 of 18 inst. · $3.4B of $12.3B

33.7% Ingham
1.2% Kent
5.7% Grand Traverse

Executive Summary

  • Earnings: ROA of 2.79%, down 23 bps year over year; NIM at 4.69%.
  • Asset quality: problem loans at 1.90% of loans (+14 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.13%, down 13 bps from a year ago.
  • Funding: loans stand at 161.84% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.79%-23 bps YoY

Net Interest Margin (YTD, annualized)

4.69%-1 bps YoY

Efficiency Ratio (YTD, annualized)

26.64%+203 bps YoY

Tier 1 Leverage Ratio

8.13%-13 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets3.02%2.92%2.94%2.71%2.79%-23 bps
Return on Equity36.98%35.97%36.23%33.85%34.72%-226 bps
Net Interest Margin4.70%4.66%4.63%4.67%4.69%-1 bps
Efficiency Ratio24.61%24.87%24.67%26.99%26.64%+203 bps
Non-Interest Burden0.84%0.93%0.92%1.18%1.11%+27 bps
Growth
Asset Growth (YoY)7.80%6.97%6.18%5.99%6.00%-180 bps
Loan Growth (YoY)8.44%6.93%6.13%6.65%5.18%-326 bps
Deposit Growth (YoY)5.48%5.32%4.08%2.69%3.73%-175 bps
Asset Quality
Nonperforming Loans / Loans1.76%1.74%1.82%1.88%1.90%+14 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.01%+1 bps
Allowance / Loans1.10%1.10%1.09%1.10%1.09%-1 bps
Allowance Coverage of NPLs0.6x0.6x0.6x0.6x0.6x-0.1x
Capital
Tier 1 Leverage Ratio8.27%8.15%8.14%8.04%8.13%-13 bps
Total Risk-Based Capital16.75%16.55%16.39%16.43%16.54%-21 bps
Equity / Assets8.19%8.05%8.01%8.00%8.08%-12 bps
Liquidity & Funding
Loans / Deposits159.60%159.13%161.86%162.79%161.84%+224 bps
Liquid Assets / Assets3.97%4.25%3.98%4.34%4.50%+53 bps
CRE / Total Capitaln/a66.96%70.17%71.17%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 National Bank of America

East Lansing, MI · Cert 17438 · Peer group: banks $1B-$10B in assets (n=313-319) · First National Bancshares Inc.

National charter · OCC · 3 branches

Q2 2026

$6.8BAssets
$6.3BLoans
$3.9BDeposits
$550.7MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 98% of banks $1B-$10B in assets (rank 7 of 319).
  • Widest gap: equity / assets trails 92% of banks $1B-$10B in assets (rank 295 of 319).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

2.76%

Rank 9 of 319

Net Interest Margin

4.69%

Rank 22 of 319

Efficiency Ratio

26.64%

Rank 7 of 319

Equity / Assets

8.08%

Rank 295 of 319

Non-interest income vs. expense

$12.8M$88.1MINCOMEEXPENSE
Unfavorable gap of $75.3M · efficiency ratio beats 98% of banks $1B-$10B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.76%0.91%1.21%1.53%Beats 97%9 / 319
Return on Equity34.23%8.49%11.44%14.57%Beats 98%7 / 319
Net Interest Margin4.69%3.06%3.43%3.81%Beats 93%22 / 319
Efficiency Ratio26.64%51.90%59.57%67.64%Beats 98%7 / 319
Asset Quality
Nonperforming Loans / Loans1.90%0.25%0.54%1.18%Beats 11%281 / 313
Net Charge-Offs / Loans0.01%0.01%0.04%0.12%Beats 78%71 / 313
Capital
Tier 1 Capital Ratio15.28%11.74%12.99%15.28%Beats 75%81 / 319
Total Risk-Based Capital Ratio16.54%12.61%14.01%16.23%Beats 77%73 / 319
Equity / Assets8.08%9.03%10.33%12.01%Beats 8%295 / 319
Liquidity & Funding
Loans / Deposits161.84%76.76%88.16%95.43%99th pctl3 / 314
Loans / Assets92.06%65.79%74.05%79.84%98th pctl6 / 319
Brokered Deposits / Depositsn/aNot reported for this institution