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First Savings and Loan Association

Mebane, NC · Cert 30358

State savings bank · OCC · 1 branch

Q2 2026

$55.9MAssets
$35.0MLoans
$41.6MDeposits
$13.4MEquity
Loan mix
100%RE $36.8M0%C&I $0.0M0%Consumer $0.0MQ3 2024Q2 2026
Deposit mix
100%Interest-bearing $41.6M0%Noninterest $0.0MQ3 2024Q2 2026

Market Position · Burlington, NC · 2026 SOD (annual) · 1.5% share · #12 of 14 inst. · $0.0B of $2.8B

Executive Summary

  • Earnings: ROA of 0.32%, up 47 bps year over year; NIM at 2.31%.
  • Asset quality: problem loans at 0.23% of loans (-12 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 23.92%, up 121 bps from a year ago.
  • Funding: loans stand at 84.25% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.32%+47 bps YoY

Net Interest Margin (YTD, annualized)

2.31%+63 bps YoY

Efficiency Ratio (YTD, annualized)

88.53%-1,989 bps YoY

Tier 1 Leverage Ratio

23.92%+121 bps YoY

NIM

4.50%Q2 ’244.45%Q2 ’254.57%Q2 ’26-2%+38%

Non-interest income vs. expense

1.94%Q2 ’241.97%Q2 ’252.18%Q2 ’26+2%+11%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.14%0.00%-0.30%-0.15%-0.22%-0.11%0.30%0.32%+47 bps
Return on Equity-0.61%-0.01%-1.35%-0.67%-0.98%-0.47%1.26%1.32%+199 bps
Net Interest Margin1.67%1.62%1.54%1.68%1.78%1.94%2.29%2.31%+63 bps
Efficiency Ratio112.13%109.66%117.60%108.43%111.74%106.76%87.57%88.53%-1,989 bps
Non-Interest Burden1.89%1.79%1.83%1.83%2.01%2.08%1.99%2.03%+19 bps
Growth
Asset Growth (YoY)-3.01%-0.49%-0.42%1.07%-3.73%-7.97%-4.98%-5.24%-631 bps
Loan Growth (YoY)3.25%2.10%0.28%1.49%1.89%3.59%2.03%-4.27%-576 bps
Deposit Growth (YoY)-3.65%-0.55%-0.39%1.35%-4.78%-10.40%-6.65%-7.02%-838 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.23%0.23%0.35%0.22%0.22%0.22%0.23%-12 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.55%0.55%0.55%0.54%0.54%0.50%0.51%0.51%-4 bps
Allowance Coverage of NPLs2.4x2.4x2.4x1.6x2.4x2.3x2.3x2.2x+0.6x
Capital
Tier 1 Leverage Ratio22.44%21.98%22.28%22.71%22.93%23.80%24.02%23.92%+121 bps
Total Risk-Based Capital54.35%53.95%54.65%53.73%53.64%54.75%54.38%56.30%+257 bps
Equity / Assets22.54%22.15%22.77%22.59%23.36%23.96%24.01%23.97%+138 bps
Liquidity & Funding
Loans / Deposits79.19%77.19%81.16%81.83%84.74%89.25%88.71%84.25%+242 bps
Liquid Assets / Assets23.83%22.19%23.05%21.31%20.91%20.59%20.70%21.08%-24 bps
CRE / Total Capitaln/an/an/an/a16.29%14.39%13.44%n/an/a