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FNBT Bank

Fort Walton Beach, FL · Cert 17580 · Southern National Banks Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

$628.5MAssets
$242.9MLoans
$555.9MDeposits
$70.8MEquity
Loan mix
96%RE $240.6M3%C&I $7.1M1%Consumer $2.8MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $416.7M25%Noninterest $139.3MQ2 2025Q2 2026

NIM

5.49%Q2 ’245.28%Q2 ’254.75%Q2 ’26-6%-11%

Non-interest income vs. expense

2.53%Q2 ’242.46%Q2 ’252.24%Q2 ’26+2%+7%

Market Position · Crestview-Fort Walton Beach-Destin, FL · 2026 SOD (annual) · 6.5% share · #4 of 28 inst. · $0.5B of $8.3B

9.0% Okaloosa
2.1% Walton
0.8% Santa Rosa

Executive Summary

  • Earnings: ROA of 1.18%, down 49 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (-1 bps YoY), with net recoveries of 0.08%.
  • Capital: tier 1 leverage ratio of 11.08%, down 17 bps from a year ago.
  • Funding: loans stand at 43.69% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.18%-49 bps YoY

Net Interest Margin (YTD, annualized)

3.15%-38 bps YoY

Efficiency Ratio (YTD, annualized)

60.05%+470 bps YoY

Tier 1 Leverage Ratio

11.08%-17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.67%1.62%1.61%1.21%1.18%-49 bps
Return on Equity15.11%14.61%14.65%11.44%10.95%-416 bps
Net Interest Margin3.54%3.47%3.48%3.17%3.15%-38 bps
Efficiency Ratio55.35%55.09%55.47%59.74%60.05%+470 bps
Non-Interest Burden1.56%1.55%1.60%1.65%1.66%+10 bps
Growth
Asset Growth (YoY)2.27%4.69%5.95%8.81%3.02%+75 bps
Loan Growth (YoY)0.63%1.88%-1.89%-4.75%-7.49%-811 bps
Deposit Growth (YoY)2.34%4.62%6.07%10.02%3.11%+76 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.00%0.00%0.01%0.00%-1 bps
Net Charge-Offs / Loans-0.03%-0.02%-0.03%-0.04%-0.08%-5 bps
Allowance / Loans1.53%1.51%1.42%1.44%1.52%-1 bps
Allowance Coverage of NPLs211.9xn/a1220.7x212.3xn/an/a
Capital
Tier 1 Leverage Ratio11.25%11.10%10.99%10.78%11.08%-17 bps
Total Risk-Based Capital27.31%27.64%28.39%29.37%31.81%+450 bps
Equity / Assets11.12%11.20%10.69%10.47%11.26%+14 bps
Liquidity & Funding
Loans / Deposits48.69%48.99%45.68%42.94%43.69%-500 bps
Liquid Assets / Assets54.68%54.57%57.31%59.81%59.39%+471 bps
CRE / Total Capitaln/a206%203%198.68%n/an/a