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Letter portraitLegal landscapeQuarterYTD

First Federal Bank

Dickson, TN · Cert 29782 · Southeastern Bcorp Inc.

SI · FDIC · 17 branches

Q2 2026

$1.1BAssets
$686.7MLoans
$978.6MDeposits
$115.9MEquity
Loan mix
92%RE $576.6M5%C&I $28.7M3%Consumer $19.2MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $810.2M17%Noninterest $168.5MQ3 2024Q2 2026

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2026 SOD (annual) · 0.5% share · #26 of 62 inst. · $0.5B of $107.8B

29.3% Dickson
6.0% Montgomery
40.4% Humphreys
12.3% Hickman

Executive Summary

  • Earnings: ROA of 1.45%, down 8 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.52% of loans (-4 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.48%, down 40 bps from a year ago.
  • Funding: loans stand at 70.17% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.45%-8 bps YoY

Net Interest Margin (quarter, annualized)

3.25%-14 bps YoY

Efficiency Ratio (quarter, annualized)

49.75%+90 bps YoY

Tier 1 Leverage Ratio

10.48%-40 bps YoY

NIM

4.85%Q2 ’244.75%Q2 ’254.89%Q2 ’26+3%-4%

Non-interest income vs. expense

2.30%Q2 ’242.03%Q2 ’251.95%Q2 ’26-28%+1%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.21%1.51%1.39%1.53%1.07%1.38%1.27%1.45%-8 bps
Return on Equity11.78%14.40%12.96%14.41%10.23%13.05%12.15%13.93%-48 bps
Net Interest Margin3.20%3.89%3.19%3.39%3.09%3.12%3.04%3.25%-14 bps
Efficiency Ratio56.95%54.62%49.07%48.84%52.84%50.61%50.43%49.75%+90 bps
Non-Interest Burden1.64%1.95%1.23%1.30%1.31%1.26%1.23%1.31%+1 bps
Growth
Asset Growth (YoY)2.58%0.12%-1.45%7.09%6.74%9.22%12.58%5.34%-175 bps
Loan Growth (YoY)-1.50%-1.51%-3.36%1.84%5.55%8.09%15.46%15.84%+1,400 bps
Deposit Growth (YoY)1.49%-0.57%-2.51%6.79%6.68%9.36%13.42%5.07%-172 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.56%0.44%0.57%0.39%0.43%0.60%0.52%-4 bps
Net Charge-Offs / Loans0.17%0.28%0.03%-0.03%0.63%0.01%0.00%0.02%+5 bps
Allowance / Loans2.09%2.00%2.09%2.06%2.01%2.03%2.03%1.96%-10 bps
Allowance Coverage of NPLs11.8x3.5x4.8x3.6x5.1x4.7x3.4x3.7x+0.1x
Capital
Tier 1 Leverage Ratio10.53%10.73%11.04%10.88%10.47%10.55%10.48%10.48%-40 bps
Total Risk-Based Capital10.53%10.73%11.04%10.88%10.47%10.55%10.48%10.48%-40 bps
Equity / Assets10.42%10.58%10.90%10.37%10.49%10.58%10.40%10.43%+6 bps
Liquidity & Funding
Loans / Deposits65.24%66.52%66.33%63.65%64.55%65.75%67.53%70.17%+653 bps
Liquid Assets / Assets26.52%25.75%26.12%30.01%31.02%29.57%27.95%25.03%-498 bps
CRE / Total Capitaln/an/an/an/a212%212%232%n/an/a