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Letter portraitLegal landscapeQuarterYTD

First Federal Savings and Loan Association of Lakewood

Lakewood, OH · Cert 29488 · First Mutual Holding Co.

State savings bank · OCC · 4 affiliate banks · 20 branches (26 in holding)

Q2 2026

$2.9BAssets
$2.4BLoans
$2.2BDeposits
$234.6MEquity
Loan mix
89%RE $2.1B4%C&I $0.1B7%Consumer $0.2BQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $1.9B15%Noninterest $0.3BQ2 2025Q2 2026

NIM

4.36%Q2 ’244.43%Q2 ’254.33%Q2 ’26+5%+3%

Non-interest income vs. expense

1.98%Q2 ’242.61%Q2 ’252.19%Q2 ’26+42%-19%

Market Position · Cleveland, OH · 2026 SOD (annual) · 1.6% share · #10 of 35 inst. · $2.2B of $136.4B

1.6% Cuyahoga
3.9% Lorain
1.5% Medina
0.8% Lake

Executive Summary

  • Earnings: ROA of 0.57%, up 70 bps year over year; NIM at 2.14%.
  • Asset quality: problem loans at 0.44% of loans (+4 bps YoY), with net recoveries of 0.48%.
  • Capital: tier 1 leverage ratio of 8.37%, up 34 bps from a year ago.
  • Funding: loans stand at 108.57% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.57%+70 bps YoY

Net Interest Margin (YTD, annualized)

2.14%+7 bps YoY

Efficiency Ratio (YTD, annualized)

87.56%-2,045 bps YoY

Tier 1 Leverage Ratio

8.37%+34 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.12%0.02%0.11%0.88%0.57%+70 bps
Return on Equity-1.67%0.31%1.48%11.22%7.30%+897 bps
Net Interest Margin2.08%2.12%2.11%2.15%2.14%+7 bps
Efficiency Ratio108.01%101.12%85.79%87.92%87.56%-2,045 bps
Non-Interest Burden2.27%2.15%1.75%1.84%1.83%-44 bps
Growth
Asset Growth (YoY)-0.33%-4.12%-2.59%-2.68%0.08%+41 bps
Loan Growth (YoY)0.76%-2.52%-2.83%-2.67%-1.76%-253 bps
Deposit Growth (YoY)-0.42%-1.24%-2.13%-2.55%5.62%+603 bps
Asset Quality
Nonperforming Loans / Loans0.40%0.39%0.44%0.45%0.44%+4 bps
Net Charge-Offs / Loans0.01%0.01%0.32%-0.97%-0.48%-49 bps
Allowance / Loans0.82%0.81%0.82%0.82%0.80%-2 bps
Allowance Coverage of NPLs2.1x2.0x1.8x1.8x1.8x-0.2x
Capital
Tier 1 Leverage Ratio8.03%8.23%8.15%8.38%8.37%+34 bps
Total Risk-Based Capital12.66%12.88%12.97%13.21%12.92%+26 bps
Equity / Assets7.40%7.61%7.70%7.91%7.97%+57 bps
Liquidity & Funding
Loans / Deposits116.72%111.60%110.53%110.47%108.57%-815 bps
Liquid Assets / Assets4.62%5.11%5.78%5.63%5.88%+126 bps
CRE / Total Capitaln/a198.59%199.88%199.40%n/an/a