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First Bank of Alabama

Talladega, AL · Cert 2832 · Firstbanc of Alabama Inc.

State charter, non-member · FDIC · 18 branches

Q2 2026

$1.4BAssets
$809.8MLoans
$1.2BDeposits
$112.1MEquity
Loan mix
81%RE $664.1M16%C&I $133.9M2%Consumer $18.5MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $1.0B17%Noninterest $0.2BQ2 2025Q2 2026

NIM

5.68%Q2 ’245.67%Q2 ’255.18%Q2 ’26+10%+1%

Non-interest income vs. expense

2.46%Q2 ’242.41%Q2 ’252.64%Q2 ’26+8%+21%

Market Position · Anniston-Oxford, AL · 2026 SOD (annual) · 4.4% share · #9 of 11 inst. · $0.1B of $2.1B

56.5% Talladega
39.8% Randolph
11.1% DeKalb
4.4% Calhoun

Executive Summary

  • Earnings: ROA of 1.31%, down 2 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 3.40% of loans (+317 bps YoY), with net charge-offs at 0.33%.
  • Capital: tier 1 leverage ratio of 9.82%, down 50 bps from a year ago.
  • Funding: loans stand at 66.71% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.31%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.76%+3 bps YoY

Efficiency Ratio (YTD, annualized)

61.76%+670 bps YoY

Tier 1 Leverage Ratio

9.82%-50 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.33%1.95%1.64%1.44%1.31%-2 bps
Return on Equity18.74%26.50%21.97%18.43%16.45%-228 bps
Net Interest Margin3.73%3.77%3.66%4.14%3.76%+3 bps
Efficiency Ratio55.06%43.11%47.88%58.32%61.76%+670 bps
Non-Interest Burden1.78%0.48%0.97%2.21%2.15%+37 bps
Growth
Asset Growth (YoY)4.62%2.80%5.50%22.14%22.73%+1,812 bps
Loan Growth (YoY)-1.59%5.26%1.95%16.40%15.13%+1,672 bps
Deposit Growth (YoY)3.69%0.09%2.79%19.33%19.45%+1,576 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.92%3.38%2.93%3.40%+317 bps
Net Charge-Offs / Loans1.21%0.80%0.81%-0.10%0.33%-88 bps
Allowance / Loans1.09%1.26%1.32%1.28%1.15%+7 bps
Allowance Coverage of NPLs4.7x1.4x0.4x0.4x0.3x-4.4x
Capital
Tier 1 Leverage Ratio10.32%11.05%10.58%10.65%9.82%-50 bps
Total Risk-Based Capital14.37%14.76%15.07%13.49%14.35%-2 bps
Equity / Assets7.19%8.13%7.85%7.77%8.23%+104 bps
Liquidity & Funding
Loans / Deposits69.21%73.76%66.66%66.73%66.71%-250 bps
Liquid Assets / Assets4.60%3.56%6.26%5.96%4.04%-56 bps
CRE / Total Capitaln/a353%343%362%n/an/a