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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 $7.8MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $83.5M23%Noninterest $25.6MQ3 2024Q2 2026

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 1.01%, up 10 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.24% of loans (-11 bps YoY), with net recoveries of 0.03%.
  • 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.

Return on Assets (quarter, annualized)

1.01%+10 bps YoY

Net Interest Margin (quarter, annualized)

3.52%+21 bps YoY

Efficiency Ratio (quarter, annualized)

67.56%-240 bps YoY

Tier 1 Leverage Ratio

16.38%+81 bps YoY

NIM

4.97%Q2 ’245.03%Q2 ’254.99%Q2 ’26+6%+6%

Non-interest income vs. expense

2.74%Q2 ’242.68%Q2 ’252.71%Q2 ’26+1%+3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%0.92%0.93%0.91%1.30%1.10%1.08%1.01%+10 bps
Return on Equity6.44%6.61%6.93%6.70%8.92%7.33%7.22%6.70%0 bps
Net Interest Margin3.41%3.30%3.43%3.31%3.54%3.57%3.62%3.52%+21 bps
Efficiency Ratio77.77%73.73%70.09%69.96%64.07%66.04%64.23%67.56%-240 bps
Non-Interest Burden2.52%2.27%2.23%2.16%1.96%2.19%2.14%2.22%+6 bps
Growth
Asset Growth (YoY)4.82%2.78%5.13%1.51%0.91%3.17%-3.18%-0.44%-196 bps
Loan Growth (YoY)2.76%2.23%-3.35%-3.90%-1.40%-0.67%3.33%-2.13%+177 bps
Deposit Growth (YoY)5.19%5.37%7.40%2.83%2.50%3.93%-3.04%0.49%-234 bps
Asset Quality
Nonperforming Loans / Loans1.48%0.84%0.64%0.35%0.37%1.13%0.52%0.24%-11 bps
Net Charge-Offs / Loans0.01%0.01%0.02%0.01%0.01%0.00%0.01%-0.03%-4 bps
Allowance / Loans1.00%1.00%1.03%1.04%1.02%1.00%1.04%1.14%+10 bps
Allowance Coverage of NPLs0.7x1.2x1.6x3.0x2.7x0.9x2.0x4.8x+1.8x
Capital
Tier 1 Leverage Ratio16.43%15.86%15.99%15.57%16.39%15.90%16.33%16.38%+81 bps
Total Risk-Based Capital16.43%15.86%15.99%15.57%16.39%15.90%16.33%16.38%+81 bps
Equity / Assets14.42%13.42%13.30%14.02%15.26%14.90%15.05%15.16%+114 bps
Liquidity & Funding
Loans / Deposits58.83%58.55%53.09%53.81%56.59%55.96%56.57%52.41%-140 bps
Liquid Assets / Assets0.99%0.79%0.75%0.57%0.59%0.58%0.58%0.77%+19 bps
CRE / Total Capitaln/an/an/an/a84.89%90.61%98.76%n/an/a