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First Southern State Bank

Stevenson, AL · Cert 2829 · First Bancshares Stevenson Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

$893.5MAssets
$501.1MLoans
$807.2MDeposits
$80.1MEquity
Loan mix
82%RE $390.2M11%C&I $51.1M7%Consumer $32.7MQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $743.1M8%Noninterest $64.0MQ2 2025Q2 2026

NIM

4.53%Q2 ’244.82%Q2 ’255.05%Q2 ’26+6%+14%

Non-interest income vs. expense

2.05%Q2 ’242.11%Q2 ’252.15%Q2 ’26+16%-1%

Executive Summary

  • Earnings: ROA of 1.46%, up 38 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.25% of loans (+7 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 10.59%, up 54 bps from a year ago.
  • Funding: loans stand at 62.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.46%+38 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+42 bps YoY

Efficiency Ratio (YTD, annualized)

53.02%-595 bps YoY

Tier 1 Leverage Ratio

10.59%+54 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.09%1.20%1.24%1.41%1.46%+38 bps
Return on Equity14.42%15.49%15.53%16.01%16.53%+211 bps
Net Interest Margin3.03%3.08%3.13%3.41%3.45%+42 bps
Efficiency Ratio58.97%56.67%55.64%52.94%53.02%-595 bps
Non-Interest Burden1.57%1.50%1.49%1.54%1.55%-1 bps
Growth
Asset Growth (YoY)5.94%4.96%6.68%5.70%4.51%-144 bps
Loan Growth (YoY)4.58%3.49%5.39%6.68%5.51%+93 bps
Deposit Growth (YoY)5.04%4.32%4.88%4.40%3.16%-188 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.08%0.07%0.03%0.25%+7 bps
Net Charge-Offs / Loans0.08%0.06%0.11%0.14%0.11%+3 bps
Allowance / Loans1.20%1.21%1.20%1.19%1.21%0 bps
Allowance Coverage of NPLs7.0x15.2x17.1x42.5x4.9x-2.0x
Capital
Tier 1 Leverage Ratio10.05%10.19%10.30%10.42%10.59%+54 bps
Total Risk-Based Capital10.05%10.19%10.30%10.42%10.59%+54 bps
Equity / Assets7.73%8.52%8.73%8.82%8.97%+124 bps
Liquidity & Funding
Loans / Deposits60.69%61.12%61.13%62.32%62.08%+138 bps
Liquid Assets / Assets7.97%7.19%7.32%6.14%5.50%-247 bps
CRE / Total Capitaln/a226%225%224%n/an/a