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Letter portraitLegal landscapeQuarterYTD

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