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First Federal Savings and Loan Association of Lorain

Lorain, OH · Cert 29838

State savings bank · OCC · 6 branches

Q2 2026

$573.8MAssets
$471.0MLoans
$499.8MDeposits
$53.3MEquity
Loan mix
100%RE $456.4M0%C&I $0.1M0%Consumer $0.5MQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $461.0M8%Noninterest $38.7MQ3 2024Q2 2026

Market Position · Cleveland, OH · 2026 SOD (annual) · 0.3% share · #19 of 35 inst. · $0.4B of $136.4B

6.2% Lorain
3.2% Erie
2.7% Ottawa

Executive Summary

  • Earnings: ROA of 0.08%, up 26 bps year over year; NIM at 2.09%.
  • Asset quality: problem loans at 0.41% of loans (-16 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 10.36%, down 93 bps from a year ago.
  • Funding: loans stand at 94.25% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.08%+26 bps YoY

Net Interest Margin (YTD, annualized)

2.09%+42 bps YoY

Efficiency Ratio (YTD, annualized)

96.02%-1,753 bps YoY

Tier 1 Leverage Ratio

10.36%-93 bps YoY

NIM

3.35%Q2 ’243.68%Q2 ’254.10%Q2 ’26+52%+25%

Non-interest income vs. expense

2.56%Q2 ’242.38%Q2 ’252.34%Q2 ’26-10%+2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.67%-0.62%-0.31%-0.19%-0.12%-0.07%0.08%0.08%+26 bps
Return on Equity-6.80%-6.30%-3.05%-1.89%-1.18%-0.70%0.90%0.82%+271 bps
Net Interest Margin1.09%1.17%1.60%1.67%1.69%1.74%2.09%2.09%+42 bps
Efficiency Ratio156.35%150.53%121.33%113.56%108.44%105.40%95.90%96.02%-1,753 bps
Non-Interest Burden1.99%2.02%2.04%1.95%1.87%1.86%1.99%1.99%+4 bps
Growth
Asset Growth (YoY)-3.50%-5.37%-3.25%2.06%9.94%14.26%11.73%7.82%+575 bps
Loan Growth (YoY)-3.86%-2.49%2.54%11.90%25.13%29.39%26.68%21.12%+921 bps
Deposit Growth (YoY)-4.40%-1.54%0.61%9.20%19.51%22.28%19.32%9.33%+13 bps
Asset Quality
Nonperforming Loans / Loans0.93%0.78%0.60%0.57%0.42%0.42%0.43%0.41%-16 bps
Net Charge-Offs / Loans-0.04%-0.09%-0.03%-0.05%-0.05%-0.04%-0.03%-0.05%0 bps
Allowance / Loans0.48%0.48%0.46%0.43%0.40%0.40%0.41%0.42%-1 bps
Allowance Coverage of NPLs0.5x0.6x0.8x0.7x0.9x1.0x0.9x1.0x+0.3x
Capital
Tier 1 Leverage Ratio11.76%11.78%11.83%11.29%10.80%10.59%10.43%10.36%-93 bps
Total Risk-Based Capital25.22%25.15%24.55%23.02%21.29%20.93%20.74%20.34%-268 bps
Equity / Assets10.23%10.00%10.04%9.64%9.29%9.25%9.37%9.29%-35 bps
Liquidity & Funding
Loans / Deposits85.10%83.79%86.05%85.08%89.10%88.66%91.36%94.25%+917 bps
Liquid Assets / Assets2.76%4.34%4.75%5.92%3.96%3.35%1.19%0.76%-516 bps
CRE / Total Capitaln/an/an/an/a23.56%22.86%17.52%n/an/a