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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=743 to 746). 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

95

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

67

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 2026-10-11

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 2026-10-11

First Piedmont Federal Savings and Loan Association

Gaffney, SC · Cert 28859 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

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 185 of 743).
  • Widest gap: return on equity trails 78% of banks under $1B in assets operating in a single state (rank 583 of 746).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.74%

Rank 100 of 746

Net Interest Margin

4.67%

Rank 63 of 746

Efficiency Ratio

53.75%

Rank 162 of 746

Equity / Assets

28.88%

Rank 17 of 746

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 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.74%0.72%1.06%1.45%Beats 87%100 / 746
Return on Equity6.02%6.74%10.51%13.63%Beats 22%583 / 746
Net Interest Margin4.67%3.17%3.68%4.16%Beats 92%63 / 746
Efficiency Ratio53.75%55.74%64.58%75.47%Beats 78%162 / 746
Asset Quality
Nonperforming Loans / Loans0.73%0.09%0.42%1.07%Beats 36%479 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio29.14%11.55%13.75%17.60%Beats 94%42 / 746
Total Risk-Based Capital Ratio29.14%11.71%14.33%18.43%Beats 94%47 / 746
Equity / Assets28.88%8.90%10.51%13.06%Beats 98%17 / 746
Liquidity & Funding
Loans / Deposits123.96%61.31%78.27%90.78%99th pctl9 / 746
Loans / Assets87.29%53.60%66.97%76.08%98th pctl18 / 746
Brokered Deposits / Depositsn/aNot reported for this institution