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First Southern Bank

Florence, AL · Cert 29332 · First Southern Bancshares Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

8

Q2 2024Q2 2026peer median (50)

Asset Quality

1

Q2 2024Q2 2026peer median (50)

Profitability

11

Q2 2024Q2 2026peer median (50)

Liquidity

100

Q2 2024Q2 2026peer median

Efficiency

50

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 Southern Bank

Florence, AL · Cert 29332 · First Southern Bancshares Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

$679.2MAssets
$466.9MLoans
$577.1MDeposits
$59.7MEquity
Loan mix
85%RE $331.8M14%C&I $54.4M1%Consumer $2.2MQ2 2025Q2 2026
Deposit mix
93%Interest-bearing $538.8M7%Noninterest $38.3MQ2 2025Q2 2026

NIM

6.77%Q2 ’245.95%Q2 ’255.50%Q2 ’26-11%-8%

Non-interest income vs. expense

1.99%Q2 ’242.32%Q2 ’252.31%Q2 ’26+21%-1%

Market Position · Florence-Muscle Shoals, AL · 2026 SOD (annual) · 14.0% share · #3 of 16 inst. · $0.5B of $3.9B

19.6% Lauderdale
2.7% Colbert
0.1% Lake
0.2% Marshall

Executive Summary

  • Earnings: ROA of -2.50%, down 255 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 10.86% of loans (+513 bps YoY), with net charge-offs at 4.74%.
  • Capital: tier 1 leverage ratio of 8.95%, down 136 bps from a year ago.
  • Funding: loans stand at 80.90% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-2.50%-255 bps YoY

Net Interest Margin (YTD, annualized)

3.16%-28 bps YoY

Efficiency Ratio (YTD, annualized)

67.76%+445 bps YoY

Tier 1 Leverage Ratio

8.95%-136 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.05%0.06%0.01%-4.34%-2.50%-255 bps
Return on Equity0.52%0.63%0.14%-47.61%-27.77%-2,829 bps
Net Interest Margin3.44%3.48%3.39%3.19%3.16%-28 bps
Efficiency Ratio63.31%61.75%59.20%61.87%67.76%+445 bps
Non-Interest Burden2.09%2.06%1.91%1.89%2.06%-3 bps
Growth
Asset Growth (YoY)3.72%6.14%7.81%5.72%4.18%+46 bps
Loan Growth (YoY)-1.92%-5.24%-7.95%-13.05%-11.44%-952 bps
Deposit Growth (YoY)3.75%7.13%8.96%8.08%6.39%+264 bps
Asset Quality
Nonperforming Loans / Loans5.73%6.34%5.94%7.38%10.86%+513 bps
Net Charge-Offs / Loans2.05%1.86%1.77%9.96%4.74%+269 bps
Allowance / Loans1.06%1.22%1.59%1.89%2.66%+160 bps
Allowance Coverage of NPLs0.2x0.2x0.3x0.3x0.2x+0.1x
Capital
Tier 1 Leverage Ratio10.31%10.17%9.97%8.66%8.95%-136 bps
Total Risk-Based Capital10.31%10.17%9.97%8.66%8.95%-136 bps
Equity / Assets10.23%9.86%9.36%8.86%8.79%-144 bps
Liquidity & Funding
Loans / Deposits97.18%91.12%81.55%80.86%80.90%-1,628 bps
Liquid Assets / Assets12.12%14.29%19.13%10.74%9.94%-218 bps
CRE / Total Capitaln/a222%210%235%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 Southern Bank

Florence, AL · Cert 29332 · Peer group: banks under $1B in assets (n=581-629) · First Southern Bancshares Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

$679.2MAssets
$466.9MLoans
$577.1MDeposits
$59.7MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 50% of banks under $1B in assets (rank 313 of 629).
  • Widest gap: total risk-based capital ratio trails 99% of banks under $1B in assets (rank 622 of 629).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

-2.57%

Rank 615 of 629

Net Interest Margin

3.16%

Rank 436 of 629

Efficiency Ratio

67.76%

Rank 313 of 629

Equity / Assets

8.79%

Rank 500 of 629

Non-interest income vs. expense

$1.7M$15.6MINCOMEEXPENSE
Unfavorable gap of $13.9M · efficiency ratio beats 50% of banks under $1B in assets
Bank 67.76%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-2.57%0.60%1.01%1.45%Beats 2%615 / 629
Return on Equity-29.29%5.38%9.30%13.28%Beats 1%621 / 629
Net Interest Margin3.16%3.03%3.54%4.05%Beats 31%436 / 629
Efficiency Ratio67.76%58.35%67.79%79.08%Beats 50%313 / 629
Asset Quality
Nonperforming Loans / Loans10.86%0.09%0.46%1.20%Beats 1%579 / 581
Net Charge-Offs / Loans2.51%n/a0.01%0.06%Beats 1%579 / 581
Capital
Tier 1 Capital Ratio8.95%11.24%13.84%18.77%Beats 1%622 / 629
Total Risk-Based Capital Ratio8.95%11.58%14.43%19.66%Beats 1%622 / 629
Equity / Assets8.79%9.09%10.65%13.80%Beats 21%500 / 629
Liquidity & Funding
Loans / Deposits80.90%67.24%80.90%93.48%50th pctl297 / 594
Loans / Assets68.74%53.31%67.71%78.15%52nd pctl300 / 629
Brokered Deposits / Depositsn/aNot reported for this institution