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Letter portraitLegal landscapeQuarterYTD

First Federal Bank of Ohio

Galion, OH · Cert 27643

State savings bank · OCC · 8 branches

Q2 2026

$282.9MAssets
$120.9MLoans
$231.2MDeposits
$40.8MEquity
Loan mix
94%RE $114.1M0%C&I $0.1M5%Consumer $6.6MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $186.4M19%Noninterest $44.8MQ2 2025Q2 2026

NIM

3.40%Q2 ’243.59%Q2 ’253.74%Q2 ’26+7%+11%

Non-interest income vs. expense

2.71%Q2 ’242.56%Q2 ’252.86%Q2 ’26-7%+17%

Market Position · Mansfield, OH · 2026 SOD (annual) · 3.1% share · #7 of 11 inst. · $0.1B of $2.5B

8.8% Crawford
3.1% Richland
14.9% Morrow
0.2% Erie

Executive Summary

  • Earnings: ROA of 0.35%, up 61 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.93% of loans (-9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.68%, up 48 bps from a year ago.
  • Funding: loans stand at 52.29% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.35%+61 bps YoY

Net Interest Margin (YTD, annualized)

2.80%+27 bps YoY

Efficiency Ratio (YTD, annualized)

89.15%+355 bps YoY

Tier 1 Leverage Ratio

13.68%+48 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.26%-0.03%0.06%0.30%0.35%+61 bps
Return on Equity-1.85%-0.22%0.39%2.12%2.45%+431 bps
Net Interest Margin2.54%2.61%2.63%2.73%2.80%+27 bps
Efficiency Ratio85.60%87.14%87.09%90.48%89.15%+355 bps
Non-Interest Burden2.11%2.21%2.23%2.44%2.46%+35 bps
Growth
Asset Growth (YoY)3.79%3.03%-1.88%-1.27%0.09%-371 bps
Loan Growth (YoY)2.85%5.26%2.53%2.29%1.74%-111 bps
Deposit Growth (YoY)4.80%3.77%-2.20%-3.01%-3.17%-797 bps
Asset Quality
Nonperforming Loans / Loans1.02%1.02%1.03%0.93%0.93%-9 bps
Net Charge-Offs / Loans2.67%1.69%1.25%0.00%0.00%-267 bps
Allowance / Loans0.49%0.46%0.47%0.47%0.48%-1 bps
Allowance Coverage of NPLs0.5x0.5x0.5x0.5x0.5x0.0x
Capital
Tier 1 Leverage Ratio13.20%13.58%13.59%13.66%13.68%+48 bps
Total Risk-Based Capital32.48%32.70%32.94%33.12%33.24%+76 bps
Equity / Assets14.08%14.32%14.47%14.32%14.42%+34 bps
Liquidity & Funding
Loans / Deposits49.77%50.59%51.58%51.46%52.29%+252 bps
Liquid Assets / Assets50.68%49.92%49.67%50.31%50.17%-51 bps
CRE / Total Capitaln/a47.78%46.33%45.71%n/an/a