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Letter portraitLegal landscapeQuarterYTD

Peoples Bank of Alabama

Cullman, AL · Cert 22537 · Altrust Financial Services Inc.

State charter, non-member · FDIC · 28 branches

Q2 2026

$1.4BAssets
$923.0MLoans
$1.3BDeposits
$143.7MEquity
Loan mix
77%RE $700.0M21%C&I $191.2M1%Consumer $12.7MQ3 2024Q2 2026
Deposit mix
66%Interest-bearing $835.3M34%Noninterest $435.4MQ3 2024Q2 2026

Market Position · Birmingham, AL · 2026 SOD (annual) · 0.6% share · #23 of 49 inst. · $0.3B of $53.8B

11.5% Cullman
9.3% Morgan
8.3% Marshall
0.4% Jefferson

Executive Summary

  • Earnings: ROA of 1.58%, down 4 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.56% of loans (+40 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 11.19%, up 59 bps from a year ago.
  • Funding: loans stand at 72.64% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.58%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.28%-6 bps YoY

Efficiency Ratio (YTD, annualized)

61.38%+121 bps YoY

Tier 1 Leverage Ratio

11.19%+59 bps YoY

NIM

5.77%Q2 ’245.68%Q2 ’255.46%Q2 ’26-3%-1%

Non-interest income vs. expense

3.39%Q2 ’243.20%Q2 ’253.24%Q2 ’26-4%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.58%1.55%1.56%1.62%1.64%1.66%1.48%1.58%-4 bps
Return on Equity18.98%18.48%17.93%18.58%18.36%18.16%14.76%15.75%-283 bps
Net Interest Margin4.41%4.35%4.28%4.34%4.30%4.25%4.25%4.28%-6 bps
Efficiency Ratio60.73%61.17%61.25%60.16%59.98%59.84%63.39%61.38%+121 bps
Non-Interest Burden2.26%2.26%2.24%2.22%2.19%2.16%2.33%2.24%+2 bps
Growth
Asset Growth (YoY)5.92%6.43%8.20%7.04%5.91%4.11%0.95%0.09%-695 bps
Loan Growth (YoY)3.65%2.50%0.54%2.82%3.49%3.36%5.20%4.78%+196 bps
Deposit Growth (YoY)3.91%5.70%7.49%6.49%5.35%2.72%-0.47%-1.35%-783 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.20%0.23%0.16%0.15%0.19%0.46%0.56%+40 bps
Net Charge-Offs / Loans0.03%0.09%0.03%0.06%0.08%0.07%0.06%0.09%+3 bps
Allowance / Loans1.80%1.75%1.74%1.73%1.69%1.66%1.63%1.62%-11 bps
Allowance Coverage of NPLs11.8x9.0x7.7x11.0x11.5x8.6x3.6x2.9x-8.2x
Capital
Tier 1 Leverage Ratio10.47%10.73%10.59%10.60%10.66%11.00%11.17%11.19%+59 bps
Total Risk-Based Capital15.66%15.89%15.96%16.22%16.46%17.03%16.83%16.98%+77 bps
Equity / Assets8.88%8.78%8.64%8.78%9.45%10.09%10.00%10.09%+130 bps
Liquidity & Funding
Loans / Deposits71.03%71.75%68.29%68.39%69.78%72.20%72.17%72.64%+425 bps
Liquid Assets / Assets14.02%13.25%17.26%17.81%16.36%14.24%14.22%13.75%-406 bps
CRE / Total Capitaln/an/an/an/a334%332%333%n/an/a