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First Progressive Bank

Brewton, AL · Cert 22549

State charter, Fed member · FED · 1 branch

Q2 2026

$31.6MAssets
$10.5MLoans
$22.7MDeposits
$8.9MEquity
Loan mix
67%RE $6.8M27%C&I $2.8M6%Consumer $0.6MQ3 2024Q2 2026
Deposit mix
40%Interest-bearing $9.1M60%Noninterest $13.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.31%, down 12 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 3.82% of loans (+243 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 28.01%, up 76 bps from a year ago.
  • Funding: loans stand at 46.07% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.31%-12 bps YoY

Net Interest Margin (quarter, annualized)

2.93%+12 bps YoY

Efficiency Ratio (quarter, annualized)

78.63%+90 bps YoY

Tier 1 Leverage Ratio

28.01%+76 bps YoY

NIM

3.02%Q2 ’242.85%Q2 ’252.96%Q2 ’26-6%+4%

Non-interest income vs. expense

2.09%Q2 ’242.21%Q2 ’252.32%Q2 ’26+7%+6%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.69%0.40%-0.18%0.43%0.50%0.70%-0.26%0.31%-12 bps
Return on Equity2.62%1.51%-0.69%1.60%1.82%2.53%-0.95%1.13%-47 bps
Net Interest Margin2.84%2.88%2.81%2.80%3.04%3.48%3.28%2.93%+12 bps
Efficiency Ratio71.97%83.19%99.57%77.73%74.60%74.83%81.32%78.63%+90 bps
Non-Interest Burden2.02%2.39%2.79%2.17%2.25%2.59%2.65%2.29%+12 bps
Growth
Asset Growth (YoY)-2.60%-1.69%-3.14%-2.16%-3.07%-0.86%0.63%-2.06%+10 bps
Loan Growth (YoY)7.26%6.24%1.83%2.36%2.57%-0.55%-3.40%-4.91%-727 bps
Deposit Growth (YoY)-4.09%-2.90%-4.76%-3.39%-4.59%-1.66%0.39%-3.25%+14 bps
Asset Quality
Nonperforming Loans / Loans1.37%0.93%0.52%1.39%0.83%3.66%0.06%3.82%+243 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.18%1.15%1.26%1.34%1.51%1.54%2.22%2.24%+90 bps
Allowance Coverage of NPLs0.9x1.2x2.4x1.0x1.8x0.4x39.0x0.6x-0.4x
Capital
Tier 1 Leverage Ratio26.58%26.90%26.92%27.25%27.46%27.48%27.34%28.01%+76 bps
Total Risk-Based Capital26.58%26.90%26.92%27.25%27.46%27.48%27.34%28.01%+76 bps
Equity / Assets26.65%26.85%26.96%27.23%27.80%27.44%27.13%28.12%+89 bps
Liquidity & Funding
Loans / Deposits43.62%44.41%46.10%46.87%46.89%44.91%44.36%46.07%-80 bps
Liquid Assets / Assets53.48%53.46%53.77%54.09%49.92%53.40%52.92%54.69%+60 bps
CRE / Total Capitaln/an/an/an/a21.41%21.54%18.90%n/an/a