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First Federal Savings Bank of Washington

Washington, IN · Cert 29710

SI · FDIC · 1 branch

Q2 2026

$94.4MAssets
$73.0MLoans
$73.6MDeposits
$9.9MEquity
Loan mix
96%RE $67.5M3%C&I $1.8M2%Consumer $1.2MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $62.2M16%Noninterest $11.4MQ2 2025Q2 2026

NIM

4.93%Q2 ’245.14%Q2 ’255.15%Q2 ’26+14%+9%

Non-interest income vs. expense

2.77%Q2 ’242.70%Q2 ’252.83%Q2 ’26-3%+5%

Executive Summary

  • Earnings: ROA of 0.44%, up 13 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 2.06% of loans (+17 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.98%, up 31 bps from a year ago.
  • Funding: loans stand at 99.25% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.44%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.37%+28 bps YoY

Efficiency Ratio (quarter, annualized)

80.94%-326 bps YoY

Tier 1 Leverage Ratio

10.98%+31 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.31%0.56%0.36%0.57%0.44%+13 bps
Return on Equity3.04%5.48%3.53%5.46%4.19%+115 bps
Net Interest Margin3.10%2.94%3.17%3.30%3.37%+28 bps
Efficiency Ratio84.20%73.65%83.31%76.33%80.94%-326 bps
Non-Interest Burden2.59%2.13%2.62%2.48%2.70%+12 bps
Growth
Asset Growth (YoY)-1.16%1.60%4.72%3.26%2.26%+342 bps
Loan Growth (YoY)4.83%3.47%2.89%1.42%1.13%-371 bps
Deposit Growth (YoY)-1.38%0.70%4.15%3.65%-0.14%+124 bps
Asset Quality
Nonperforming Loans / Loans1.89%1.86%2.28%2.13%2.06%+17 bps
Net Charge-Offs / Loans0.00%0.04%0.00%0.00%0.01%+1 bps
Allowance / Loans0.83%0.84%0.87%0.92%0.92%+9 bps
Allowance Coverage of NPLs0.4x0.5x0.4x0.4x0.4x0.0x
Capital
Tier 1 Leverage Ratio10.67%10.42%10.39%10.67%10.98%+31 bps
Total Risk-Based Capital10.67%10.42%10.39%10.67%10.98%+31 bps
Equity / Assets10.18%10.16%10.19%10.55%10.46%+28 bps
Liquidity & Funding
Loans / Deposits98.01%96.69%95.42%93.60%99.25%+125 bps
Liquid Assets / Assets6.10%5.37%5.74%6.24%3.99%-211 bps
CRE / Total Capitaln/a125.62%110.02%109.89%n/an/a