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First Piedmont Federal Savings and Loan Association

Gaffney, SC · Cert 28859

State savings bank · OCC · 7 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets operating in a single state (n=748 to 752). 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

94

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

66

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

78

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 2026-10-10

First Piedmont Federal Savings and Loan Association

Gaffney, SC · Cert 28859

State savings bank · OCC · 7 branches

Q2 2026

$597.1MAssets
$521.2MLoans
$420.5MDeposits
$172.5MEquity
Loan mix
98%RE $505.6M0%C&I $0.5M1%Consumer $7.5MQ2 2025Q2 2026
Deposit mix
60%Interest-bearing $254.1M40%Noninterest $166.4MQ2 2025Q2 2026

NIM

5.19%Q2 ’245.17%Q2 ’255.26%Q2 ’26+2%+1%

Non-interest income vs. expense

2.93%Q2 ’242.94%Q2 ’252.75%Q2 ’26+11%+6%

Market Position · Spartanburg, SC · 2026 SOD (annual) · 2.2% share · #12 of 22 inst. · $0.1B of $6.6B

49.7% Cherokee
2.3% Spartanburg

Executive Summary

  • Earnings: ROA of 1.76%, down 8 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.73% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 29.14%, up 75 bps from a year ago.
  • Funding: loans stand at 123.96% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.76%-8 bps YoY

Net Interest Margin (YTD, annualized)

4.67%+6 bps YoY

Efficiency Ratio (YTD, annualized)

53.75%-89 bps YoY

Tier 1 Leverage Ratio

29.14%+75 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.84%1.87%1.86%1.69%1.76%-8 bps
Return on Equity6.60%6.65%6.57%5.88%6.12%-49 bps
Net Interest Margin4.61%4.62%4.61%4.57%4.67%+6 bps
Efficiency Ratio54.64%54.70%55.56%54.93%53.75%-89 bps
Non-Interest Burden2.17%2.16%2.19%2.34%2.29%+13 bps
Growth
Asset Growth (YoY)4.86%3.89%2.13%4.88%3.50%-136 bps
Loan Growth (YoY)2.08%1.10%4.17%4.44%4.39%+232 bps
Deposit Growth (YoY)4.21%2.47%0.56%4.40%2.46%-176 bps
Asset Quality
Nonperforming Loans / Loans0.73%0.73%0.73%0.75%0.73%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.20%1.22%1.19%1.17%1.15%-5 bps
Allowance Coverage of NPLs1.7x1.7x1.6x1.6x1.6x-0.1x
Capital
Tier 1 Leverage Ratio28.39%28.58%28.78%28.76%29.14%+75 bps
Total Risk-Based Capital28.39%28.58%28.78%28.76%29.14%+75 bps
Equity / Assets28.06%28.65%28.79%28.73%28.88%+82 bps
Liquidity & Funding
Loans / Deposits121.66%122.25%123.32%123.11%123.96%+230 bps
Liquid Assets / Assets11.07%11.56%10.84%11.20%10.65%-42 bps
CRE / Total Capitaln/a74.19%73.68%74.93%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 2026-10-10

First Piedmont Federal Savings and Loan Association

Gaffney, SC · Cert 28859 · Peer group: banks under $1B in assets operating in a single state (n=748-752)

State savings bank · OCC · 7 branches

Q2 2026

$597.1MAssets
$521.2MLoans
$420.5MDeposits
$172.5MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 182 of 748).
  • Widest gap: return on equity trails 78% of banks under $1B in assets operating in a single state (rank 590 of 752).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.74%

Rank 103 of 752

Net Interest Margin

4.67%

Rank 67 of 752

Efficiency Ratio

53.75%

Rank 164 of 752

Equity / Assets

28.88%

Rank 19 of 752

Non-interest income vs. expense

$2.7M$16.2MINCOMEEXPENSE
Unfavorable gap of $13.5M · efficiency ratio beats 78% of banks under $1B in assets operating in a single state
Bank 53.75%Peer median 64.5%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.74%0.72%1.07%1.45%Beats 86%103 / 752
Return on Equity6.02%6.78%10.58%13.65%Beats 22%590 / 752
Net Interest Margin4.67%3.18%3.69%4.17%Beats 91%67 / 752
Efficiency Ratio53.75%55.75%64.49%75.47%Beats 78%164 / 752
Asset Quality
Nonperforming Loans / Loans0.73%0.09%0.42%1.03%Beats 36%483 / 748
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%182 / 748
Capital
Tier 1 Capital Ratio29.14%11.55%13.75%17.60%Beats 93%49 / 752
Total Risk-Based Capital Ratio29.14%11.70%14.33%18.47%Beats 93%53 / 752
Equity / Assets28.88%8.93%10.56%13.13%Beats 97%19 / 752
Liquidity & Funding
Loans / Deposits123.96%62.23%78.64%91.26%99th pctl8 / 752
Loans / Assets87.29%54.61%67.41%76.47%97th pctl19 / 752
Brokered Deposits / Depositsn/aNot reported for this institution