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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 $5.1MQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $780.5M21%Noninterest $213.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.81%0.91%0.99%1.05%1.07%1.52%1.36%+37 bps
Return on Equity8.44%8.80%10.03%10.97%11.53%11.76%16.68%14.91%+394 bps
Net Interest Margin2.76%2.77%3.04%3.09%3.14%3.16%3.43%3.44%+35 bps
Efficiency Ratio69.64%68.65%65.26%63.54%62.44%62.42%53.00%54.77%-877 bps
Non-Interest Burden1.76%1.74%1.82%1.79%1.79%1.80%1.29%1.53%-26 bps
Growth
Asset Growth (YoY)4.94%7.53%9.46%7.99%7.00%8.33%7.53%7.26%-73 bps
Loan Growth (YoY)2.43%5.50%6.48%10.41%9.89%7.84%7.70%4.45%-596 bps
Deposit Growth (YoY)5.20%7.82%9.87%8.14%6.96%8.41%7.23%7.01%-113 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.11%0.14%0.09%0.08%0.17%0.15%0.15%+6 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%0.02%0.01%0.01%0.06%0.03%+1 bps
Allowance / Loans1.70%1.65%1.62%1.55%1.54%1.52%1.51%1.55%0 bps
Allowance Coverage of NPLs11.6x15.1x11.7x17.5x18.9x9.2x10.4x10.5x-7.0x
Capital
Tier 1 Leverage Ratio9.20%9.04%9.29%9.22%9.22%9.02%9.41%9.42%+20 bps
Total Risk-Based Capital14.73%14.35%14.36%14.14%14.34%14.25%14.59%14.89%+75 bps
Equity / Assets9.09%9.09%9.06%9.05%9.13%9.00%9.19%9.21%+16 bps
Liquidity & Funding
Loans / Deposits79.35%81.84%81.27%82.14%81.52%81.41%81.62%80.17%-197 bps
Liquid Assets / Assets25.00%22.67%23.07%22.26%22.79%22.88%22.99%24.27%+201 bps
CRE / Total Capitaln/an/an/an/a452%458%453%n/an/a