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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 $1.2MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $62.2M16%Noninterest $11.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.50%, up 20 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 0.00%.
  • 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.

Return on Assets (YTD, annualized)

0.50%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+34 bps YoY

Efficiency Ratio (YTD, annualized)

78.63%-558 bps YoY

Tier 1 Leverage Ratio

10.98%+31 bps YoY

NIM

4.76%Q2 ’245.12%Q2 ’255.20%Q2 ’26+16%+11%

Non-interest income vs. expense

2.71%Q2 ’242.64%Q2 ’252.76%Q2 ’26-2%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.11%-0.01%0.30%0.31%0.39%0.38%0.57%0.50%+20 bps
Return on Equity1.03%-0.09%2.95%2.99%3.83%3.75%5.46%4.82%+183 bps
Net Interest Margin2.62%2.63%2.94%3.03%2.93%2.96%3.30%3.37%+34 bps
Efficiency Ratio92.30%99.47%84.22%84.21%80.66%81.37%76.33%78.63%-558 bps
Non-Interest Burden2.40%2.61%2.45%2.53%2.34%2.39%2.48%2.62%+9 bps
Growth
Asset Growth (YoY)16.95%12.23%6.04%-1.16%1.60%4.72%3.26%2.26%+342 bps
Loan Growth (YoY)14.03%11.12%7.90%4.83%3.47%2.89%1.42%1.13%-371 bps
Deposit Growth (YoY)11.78%7.00%4.17%-1.38%0.70%4.15%3.65%-0.14%+124 bps
Asset Quality
Nonperforming Loans / Loans2.55%1.94%1.91%1.89%1.86%2.28%2.13%2.06%+17 bps
Net Charge-Offs / Loans0.01%0.01%0.02%0.01%0.02%0.01%0.00%0.00%-1 bps
Allowance / Loans0.76%0.79%0.82%0.83%0.84%0.87%0.92%0.92%+9 bps
Allowance Coverage of NPLs0.3x0.4x0.4x0.4x0.5x0.4x0.4x0.4x0.0x
Capital
Tier 1 Leverage Ratio10.59%10.42%10.50%10.67%10.42%10.39%10.67%10.98%+31 bps
Total Risk-Based Capital10.59%10.42%10.50%10.67%10.42%10.39%10.67%10.98%+31 bps
Equity / Assets10.04%10.08%10.34%10.18%10.16%10.19%10.55%10.46%+28 bps
Liquidity & Funding
Loans / Deposits94.09%96.59%95.65%98.01%96.69%95.42%93.60%99.25%+125 bps
Liquid Assets / Assets4.41%4.44%4.78%6.10%5.37%5.74%6.24%3.99%-211 bps
CRE / Total Capitaln/an/an/an/a125.62%110.02%109.89%n/an/a