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First Palmetto Bank

Camden, SC · Cert 28396 · First Palmetto Financial Corp.

State charter, non-member · FDIC · 22 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

50

Q2 2024Q2 2026peer median (50)

Asset Quality

69

Q2 2024Q2 2026peer median (50)

Profitability

60

Q2 2024Q2 2026peer median (50)

Liquidity

72

Q2 2024Q2 2026peer median

Efficiency

67

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 Palmetto Bank

Camden, SC · Cert 28396 · First Palmetto Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

$1.1BAssets
$796.7MLoans
$993.9MDeposits
$101.4MEquity
Loan mix
96%RE $762.2M3%C&I $24.7M1%Consumer $5.1MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $780.5M21%Noninterest $213.3MQ2 2025Q2 2026

NIM

4.65%Q2 ’244.90%Q2 ’255.14%Q2 ’26+12%+11%

Non-interest income vs. expense

2.39%Q2 ’242.27%Q2 ’252.31%Q2 ’26+1%-14%

Market Position · Columbia, SC · 2026 SOD (annual) · 1.9% share · #10 of 28 inst. · $0.5B of $27.2B

31.4% Kershaw
1.5% Horry
0.7% Richland
1.2% Lexington

Executive Summary

  • Earnings: ROA of 1.36%, up 37 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.15% of loans (+6 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 9.42%, up 20 bps from a year ago.
  • Funding: loans stand at 80.17% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.36%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+35 bps YoY

Efficiency Ratio (YTD, annualized)

54.77%-877 bps YoY

Tier 1 Leverage Ratio

9.42%+20 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.99%1.05%1.07%1.52%1.36%+37 bps
Return on Equity10.97%11.53%11.76%16.68%14.91%+394 bps
Net Interest Margin3.09%3.14%3.16%3.43%3.44%+35 bps
Efficiency Ratio63.54%62.44%62.42%53.00%54.77%-877 bps
Non-Interest Burden1.79%1.79%1.80%1.29%1.53%-26 bps
Growth
Asset Growth (YoY)7.99%7.00%8.33%7.53%7.26%-73 bps
Loan Growth (YoY)10.41%9.89%7.84%7.70%4.45%-596 bps
Deposit Growth (YoY)8.14%6.96%8.41%7.23%7.01%-113 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.08%0.17%0.15%0.15%+6 bps
Net Charge-Offs / Loans0.02%0.01%0.01%0.06%0.03%+1 bps
Allowance / Loans1.55%1.54%1.52%1.51%1.55%0 bps
Allowance Coverage of NPLs17.5x18.9x9.2x10.4x10.5x-7.0x
Capital
Tier 1 Leverage Ratio9.22%9.22%9.02%9.41%9.42%+20 bps
Total Risk-Based Capital14.14%14.34%14.25%14.59%14.89%+75 bps
Equity / Assets9.05%9.13%9.00%9.19%9.21%+16 bps
Liquidity & Funding
Loans / Deposits82.14%81.52%81.41%81.62%80.17%-197 bps
Liquid Assets / Assets22.26%22.79%22.88%22.99%24.27%+201 bps
CRE / Total Capitaln/a452%458%453%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 Palmetto Bank

Camden, SC · Cert 28396 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · First Palmetto Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

$1.1BAssets
$796.7MLoans
$993.9MDeposits
$101.4MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 80% of banks $1B-$10B in assets operating in a single state (rank 53 of 258).
  • Widest gap: equity / assets trails 72% of banks $1B-$10B in assets operating in a single state (rank 185 of 258).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.33%

Rank 101 of 258

Net Interest Margin

3.44%

Rank 138 of 258

Efficiency Ratio

54.77%

Rank 86 of 257

Equity / Assets

9.21%

Rank 185 of 258

Non-interest income vs. expense

$8.3M$24.8MINCOMEEXPENSE
Unfavorable gap of $16.5M · efficiency ratio beats 67% of banks $1B-$10B in assets operating in a single state
Bank 54.77%Peer median 60.3%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.33%0.93%1.23%1.54%Beats 61%101 / 258
Return on Equity14.48%9.26%11.84%14.74%Beats 72%71 / 258
Net Interest Margin3.44%3.16%3.49%3.88%Beats 47%138 / 258
Efficiency Ratio54.77%51.71%60.30%69.65%Beats 67%86 / 257
Asset Quality
Nonperforming Loans / Loans0.15%0.19%0.46%0.90%Beats 80%53 / 258
Net Charge-Offs / Loans0.02%0.01%0.02%0.07%Beats 57%112 / 258
Capital
Tier 1 Capital Ratio13.63%11.41%12.98%15.12%Beats 60%104 / 258
Total Risk-Based Capital Ratio14.89%12.10%13.91%16.08%Beats 62%97 / 258
Equity / Assets9.21%9.09%10.24%11.72%Beats 28%185 / 258
Liquidity & Funding
Loans / Deposits80.17%73.24%86.34%95.95%36th pctl164 / 258
Loans / Assets72.37%63.01%72.27%78.40%50th pctl128 / 258
Brokered Deposits / Depositsn/aNot reported for this institution