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Farmers State Bank

Dublin, GA · Cert 19720 · Farmers Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in GA3

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 under $1B in assets in GA (n=58 to 59). 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

62

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

75

Q2 2024Q2 2026peer median (50)

Liquidity

10

Q2 2024Q2 2026peer median

Efficiency

49

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

Farmers State Bank

Dublin, GA · Cert 19720 · Farmers Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (4 in holding)

Q2 2026

$156.2MAssets
$124.3MLoans
$134.3MDeposits
$20.3MEquity
Loan mix
85%RE $104.3M7%C&I $9.1M8%Consumer $10.0MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $99.7M26%Noninterest $34.6MQ2 2025Q2 2026

NIM

5.60%Q2 ’246.01%Q2 ’256.18%Q2 ’26+10%+6%

Non-interest income vs. expense

3.05%Q2 ’243.27%Q2 ’253.34%Q2 ’26+9%+3%

Executive Summary

  • Earnings: ROA of 1.69%, up 15 bps year over year; NIM at 5.24%.
  • Asset quality: problem loans at 0.28% of loans (+5 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.92%, up 60 bps from a year ago.
  • Funding: loans stand at 92.57% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.69%+15 bps YoY

Net Interest Margin (YTD, annualized)

5.24%+29 bps YoY

Efficiency Ratio (YTD, annualized)

60.26%-160 bps YoY

Tier 1 Leverage Ratio

13.92%+60 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.54%1.60%1.66%1.64%1.69%+15 bps
Return on Equity13.03%13.46%13.69%12.94%13.18%+15 bps
Net Interest Margin4.95%4.96%5.12%5.22%5.24%+29 bps
Efficiency Ratio61.86%60.85%60.27%60.72%60.26%-160 bps
Non-Interest Burden2.94%2.89%2.94%3.05%3.04%+10 bps
Growth
Asset Growth (YoY)4.73%5.42%1.65%5.11%1.54%-319 bps
Loan Growth (YoY)-0.67%-0.67%-1.25%4.57%4.01%+468 bps
Deposit Growth (YoY)4.03%5.21%-0.10%4.41%0.24%-379 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.16%0.29%0.06%0.28%+5 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.01%0 bps
Allowance / Loans2.45%2.46%2.48%2.43%2.43%-1 bps
Allowance Coverage of NPLs10.9x15.3x8.6x41.1x8.8x-2.1x
Capital
Tier 1 Leverage Ratio13.32%13.33%13.85%13.87%13.92%+60 bps
Total Risk-Based Capital18.36%19.00%18.86%19.26%19.36%+100 bps
Equity / Assets11.88%12.26%12.91%12.51%12.98%+110 bps
Liquidity & Funding
Loans / Deposits89.22%88.85%91.44%89.58%92.57%+336 bps
Liquid Assets / Assets8.69%9.84%8.23%9.94%7.52%-117 bps
CRE / Total Capitaln/a276%270%284%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

Farmers State Bank

Dublin, GA · Cert 19720 · Peer group: banks under $1B in assets in GA (n=58-59) · Farmers Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (4 in holding)

Q2 2026

$156.2MAssets
$124.3MLoans
$134.3MDeposits
$20.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 92% of banks under $1B in assets in GA (rank 5 of 59).
  • Widest gap: efficiency ratio trails 51% of banks under $1B in assets in GA (rank 31 of 59).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.68%

Rank 16 of 59

Net Interest Margin

5.24%

Rank 5 of 59

Efficiency Ratio

60.26%

Rank 31 of 59

Equity / Assets

12.98%

Rank 19 of 59

Non-interest income vs. expense

$0.5M$5.3MINCOMEEXPENSE
Unfavorable gap of $4.8M · efficiency ratio beats 49% of banks under $1B in assets in GA
Bank 60.26%Peer median 60.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.68%0.94%1.46%1.76%Beats 73%16 / 59
Return on Equity12.98%7.92%11.60%15.10%Beats 59%24 / 59
Net Interest Margin5.24%3.66%4.24%4.75%Beats 92%5 / 59
Efficiency Ratio60.26%51.87%60.25%70.24%Beats 49%31 / 59
Asset Quality
Nonperforming Loans / Loans0.28%0.10%0.36%0.89%Beats 62%23 / 58
Net Charge-Offs / Loans0.01%0.00%0.02%0.05%Beats 57%26 / 58
Capital
Tier 1 Capital Ratio18.09%11.93%15.65%21.05%Beats 59%24 / 59
Total Risk-Based Capital Ratio19.36%12.05%15.77%22.26%Beats 59%24 / 59
Equity / Assets12.98%9.10%11.51%14.32%Beats 68%19 / 59
Liquidity & Funding
Loans / Deposits92.57%59.62%72.81%85.44%86th pctl8 / 58
Loans / Assets79.59%49.55%64.39%73.73%88th pctl7 / 59
Brokered Deposits / Depositsn/aNot reported for this institution