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First State Bank of the South, Inc.

Sulligent, AL · Cert 21050 · First State Holding Corp.

State charter, non-member · FDIC · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

74

Q2 2024Q2 2026peer median (50)

Asset Quality

61

Q2 2024Q2 2026peer median (50)

Profitability

39

Q2 2024Q2 2026peer median (50)

Liquidity

19

Q2 2024Q2 2026peer median

Efficiency

46

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 State Bank of the South, Inc.

Sulligent, AL · Cert 21050 · First State Holding Corp.

State charter, non-member · FDIC · 5 branches

Q2 2026

$130.7MAssets
$57.2MLoans
$109.2MDeposits
$19.8MEquity
Loan mix
78%RE $45.7M9%C&I $5.4M13%Consumer $7.8MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $83.5M23%Noninterest $25.6MQ2 2025Q2 2026

NIM

4.80%Q2 ’245.01%Q2 ’255.03%Q2 ’26+6%+8%

Non-interest income vs. expense

2.72%Q2 ’242.68%Q2 ’252.66%Q2 ’26+2%+1%

Market Position · Tuscaloosa, AL · 2026 SOD (annual) · 0.3% share · #27 of 30 inst. · $0.0B of $5.5B

12.5% Lamar
3.8% Marion
0.4% Tuscaloosa
0.8% Limestone

Executive Summary

  • Earnings: ROA of 1.05%, up 12 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.24% of loans (-11 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 16.38%, up 81 bps from a year ago.
  • Funding: loans stand at 52.41% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.05%+12 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+25 bps YoY

Efficiency Ratio (YTD, annualized)

65.88%-414 bps YoY

Tier 1 Leverage Ratio

16.38%+81 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.93%1.06%1.06%1.08%1.05%+12 bps
Return on Equity6.82%7.54%7.51%7.22%6.95%+13 bps
Net Interest Margin3.30%3.45%3.42%3.62%3.54%+25 bps
Efficiency Ratio70.02%67.89%67.42%64.23%65.88%-414 bps
Non-Interest Burden2.15%2.13%2.11%2.14%2.17%+2 bps
Growth
Asset Growth (YoY)1.51%0.91%3.17%-3.18%-0.44%-196 bps
Loan Growth (YoY)-3.90%-1.40%-0.67%3.33%-2.13%+177 bps
Deposit Growth (YoY)2.83%2.50%3.93%-3.04%0.49%-234 bps
Asset Quality
Nonperforming Loans / Loans0.35%0.37%1.13%0.52%0.24%-11 bps
Net Charge-Offs / Loans0.02%0.02%0.01%0.01%-0.01%-3 bps
Allowance / Loans1.04%1.02%1.00%1.04%1.14%+10 bps
Allowance Coverage of NPLs3.0x2.7x0.9x2.0x4.8x+1.8x
Capital
Tier 1 Leverage Ratio15.57%16.39%15.90%16.33%16.38%+81 bps
Total Risk-Based Capital15.57%16.39%15.90%16.33%16.38%+81 bps
Equity / Assets14.02%15.26%14.90%15.05%15.16%+114 bps
Liquidity & Funding
Loans / Deposits53.81%56.59%55.96%56.57%52.41%-140 bps
Liquid Assets / Assets0.57%0.59%0.58%0.58%0.77%+19 bps
CRE / Total Capitaln/a84.89%90.61%98.76%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 State Bank of the South, Inc.

Sulligent, AL · Cert 21050 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · First State Holding Corp.

State charter, non-member · FDIC · 5 branches

Q2 2026

$130.7MAssets
$57.2MLoans
$109.2MDeposits
$19.8MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 88% of banks under $1B in assets operating in a single state (rank 93 of 746).
  • Widest gap: return on equity trails 74% of banks under $1B in assets operating in a single state (rank 549 of 746).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.04%

Rank 387 of 746

Net Interest Margin

3.54%

Rank 428 of 746

Efficiency Ratio

65.88%

Rank 402 of 746

Equity / Assets

15.16%

Rank 93 of 746

Non-interest income vs. expense

$0.6M$3.5MINCOMEEXPENSE
Unfavorable gap of $2.8M · efficiency ratio beats 46% of banks under $1B in assets operating in a single state
Bank 65.88%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.04%0.72%1.06%1.45%Beats 48%387 / 746
Return on Equity6.86%6.74%10.51%13.63%Beats 26%549 / 746
Net Interest Margin3.54%3.17%3.68%4.16%Beats 43%428 / 746
Efficiency Ratio65.88%55.74%64.58%75.47%Beats 46%402 / 746
Asset Quality
Nonperforming Loans / Loans0.24%0.09%0.42%1.07%Beats 64%271 / 743
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 57%321 / 743
Capital
Tier 1 Capital Ratio16.38%11.55%13.75%17.60%Beats 69%228 / 746
Total Risk-Based Capital Ratio16.38%11.71%14.33%18.43%Beats 66%254 / 746
Equity / Assets15.16%8.90%10.51%13.06%Beats 88%93 / 746
Liquidity & Funding
Loans / Deposits52.41%61.31%78.27%90.78%15th pctl636 / 746
Loans / Assets43.76%53.60%66.97%76.08%13th pctl646 / 746
Brokered Deposits / Depositsn/aNot reported for this institution