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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

$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