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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

4.64%Q2 ’244.95%Q2 ’255.13%Q2 ’26+10%+11%

Non-interest income vs. expense

2.00%Q2 ’242.19%Q2 ’252.21%Q2 ’26+43%-1%

Executive Summary

  • Earnings: ROA of 1.52%, up 32 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.25% of loans (+7 bps YoY), with net charge-offs at 0.09%.
  • 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 (quarter, annualized)

1.52%+32 bps YoY

Net Interest Margin (quarter, annualized)

3.54%+36 bps YoY

Efficiency Ratio (quarter, annualized)

53.11%-483 bps YoY

Tier 1 Leverage Ratio

10.59%+54 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.19%1.43%1.34%1.41%1.52%+32 bps
Return on Equity15.48%17.65%15.54%16.01%17.06%+158 bps
Net Interest Margin3.18%3.25%3.35%3.41%3.54%+36 bps
Efficiency Ratio57.94%52.48%52.78%52.94%53.11%-483 bps
Non-Interest Burden1.60%1.41%1.50%1.54%1.58%-2 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 / Loans0.07%0.02%0.24%0.14%0.09%+2 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