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First Metro Bank

Muscle Shoals, AL · Cert 27381 · First Metro Bcorp

State charter, non-member · FDIC · 11 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

51

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

67

Q2 2024Q2 2026peer median (50)

Liquidity

14

Q2 2024Q2 2026peer median

Efficiency

91

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 Metro Bank

Muscle Shoals, AL · Cert 27381 · First Metro Bcorp

State charter, non-member · FDIC · 11 branches

Q2 2026

$1.0BAssets
$599.7MLoans
$893.7MDeposits
$113.6MEquity
Loan mix
86%RE $499.2M11%C&I $62.0M3%Consumer $16.2MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $752.4M16%Noninterest $141.4MQ2 2025Q2 2026

NIM

4.93%Q2 ’244.86%Q2 ’254.91%Q2 ’26-2%-1%

Non-interest income vs. expense

1.75%Q2 ’241.74%Q2 ’251.74%Q2 ’26+1%-1%

Market Position · Florence-Muscle Shoals, AL · 2026 SOD (annual) · 20.9% share · #2 of 16 inst. · $0.8B of $3.9B

43.3% Colbert
9.5% Lauderdale
5.0% Franklin
1.9% Limestone

Executive Summary

  • Earnings: ROA of 1.62%, down 3 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.13% of loans (-25 bps YoY), with net charge-offs at 0.22%.
  • Capital: tier 1 leverage ratio of 12.98%, up 94 bps from a year ago.
  • Funding: loans stand at 67.10% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.62%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.45%-4 bps YoY

Efficiency Ratio (YTD, annualized)

44.72%+37 bps YoY

Tier 1 Leverage Ratio

12.98%+94 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.65%1.69%1.71%1.57%1.62%-3 bps
Return on Equity17.43%17.22%17.12%14.50%14.77%-266 bps
Net Interest Margin3.49%3.56%3.58%3.40%3.45%-4 bps
Efficiency Ratio44.34%43.89%43.79%45.53%44.72%+37 bps
Non-Interest Burden1.31%1.32%1.33%1.30%1.30%-1 bps
Growth
Asset Growth (YoY)3.11%1.23%2.61%1.22%1.40%-171 bps
Loan Growth (YoY)-0.18%1.18%3.13%4.33%6.54%+672 bps
Deposit Growth (YoY)4.64%-0.13%0.54%-0.29%-0.02%-467 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.10%0.10%0.10%0.13%-25 bps
Net Charge-Offs / Loans0.03%0.03%0.06%0.40%0.22%+19 bps
Allowance / Loans1.14%1.09%1.10%1.00%0.99%-15 bps
Allowance Coverage of NPLs3.0x10.8x11.5x10.1x7.6x+4.6x
Capital
Tier 1 Leverage Ratio12.04%12.48%12.45%12.70%12.98%+94 bps
Total Risk-Based Capital12.04%12.48%12.45%12.70%12.98%+94 bps
Equity / Assets9.93%10.80%10.78%10.88%11.22%+129 bps
Liquidity & Funding
Loans / Deposits62.97%65.79%65.76%66.05%67.10%+413 bps
Liquid Assets / Assets12.11%7.72%7.86%8.16%7.62%-449 bps
CRE / Total Capitaln/a228%233%235%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 Metro Bank

Muscle Shoals, AL · Cert 27381 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · First Metro Bcorp

State charter, non-member · FDIC · 11 branches

Q2 2026

$1.0BAssets
$599.7MLoans
$893.7MDeposits
$113.6MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 91% of banks $1B-$10B in assets operating in a single state (rank 23 of 257).
  • Widest gap: net charge-offs / loans trails 80% of banks $1B-$10B in assets operating in a single state (rank 208 of 258).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.62%

Rank 50 of 258

Net Interest Margin

3.45%

Rank 135 of 258

Efficiency Ratio

44.72%

Rank 23 of 257

Equity / Assets

11.22%

Rank 90 of 258

Non-interest income vs. expense

$4.6M$18.0MINCOMEEXPENSE
Unfavorable gap of $13.4M · efficiency ratio beats 91% of banks $1B-$10B in assets operating in a single state
Bank 44.72%Peer median 60.3%Q4 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.62%0.93%1.23%1.54%Beats 81%50 / 258
Return on Equity14.39%9.26%11.84%14.74%Beats 72%73 / 258
Net Interest Margin3.45%3.16%3.49%3.88%Beats 48%135 / 258
Efficiency Ratio44.72%51.71%60.30%69.65%Beats 91%23 / 257
Asset Quality
Nonperforming Loans / Loans0.13%0.19%0.46%0.90%Beats 82%47 / 258
Net Charge-Offs / Loans0.11%0.01%0.02%0.07%Beats 20%208 / 258
Capital
Tier 1 Capital Ratio12.98%11.41%12.98%15.12%Beats 50%129 / 258
Total Risk-Based Capital Ratio12.98%12.10%13.91%16.08%Beats 37%162 / 258
Equity / Assets11.22%9.09%10.24%11.72%Beats 65%90 / 258
Liquidity & Funding
Loans / Deposits67.10%73.24%86.34%95.95%16th pctl218 / 258
Loans / Assets59.24%63.01%72.27%78.40%18th pctl211 / 258
Brokered Deposits / Depositsn/aNot reported for this institution