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First Shore Federal Savings and Loan Association

Salisbury, MD · Cert 30680

State savings bank · OCC · 7 branches

Q2 2026

$366.5MAssets
$287.1MLoans
$303.4MDeposits
$62.3MEquity
Loan mix
80%RE $231.2M2%C&I $4.6M18%Consumer $53.5MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $250.6M17%Noninterest $52.8MQ2 2025Q2 2026

NIM

5.01%Q2 ’245.15%Q2 ’255.26%Q2 ’26+2%+7%

Non-interest income vs. expense

2.27%Q2 ’242.45%Q2 ’252.39%Q2 ’26+7%+2%

Market Position · Salisbury, MD · 2026 SOD (annual) · 6.2% share · #8 of 10 inst. · $0.2B of $2.6B

7.0% Wicomico
4.6% Worcester
0.0% Sussex

Executive Summary

  • Earnings: ROA of 0.91%, up 39 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.82% of loans (+44 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 17.39%, up 92 bps from a year ago.
  • Funding: loans stand at 94.63% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.91%+39 bps YoY

Net Interest Margin (quarter, annualized)

3.29%+23 bps YoY

Efficiency Ratio (quarter, annualized)

69.70%-454 bps YoY

Tier 1 Leverage Ratio

17.39%+92 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.52%0.59%0.52%0.64%0.91%+39 bps
Return on Equity3.23%3.57%3.09%3.75%5.35%+212 bps
Net Interest Margin3.06%3.20%3.45%3.22%3.29%+23 bps
Efficiency Ratio74.24%80.91%84.82%68.44%69.70%-454 bps
Non-Interest Burden2.21%2.54%2.93%2.15%2.25%+3 bps
Growth
Asset Growth (YoY)1.87%0.30%-2.11%-2.23%0.21%-166 bps
Loan Growth (YoY)1.77%3.74%2.53%1.41%0.16%-161 bps
Deposit Growth (YoY)1.33%-0.35%-2.12%-2.26%0.65%-68 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.52%0.47%0.50%0.82%+44 bps
Net Charge-Offs / Loans0.00%0.00%0.07%0.00%0.01%+1 bps
Allowance / Loans1.34%1.31%1.27%1.31%1.28%-5 bps
Allowance Coverage of NPLs3.5x2.5x2.7x2.6x1.6x-2.0x
Capital
Tier 1 Leverage Ratio16.48%16.83%17.03%17.35%17.39%+92 bps
Total Risk-Based Capital27.29%27.05%27.68%28.69%28.92%+163 bps
Equity / Assets16.31%16.67%16.98%17.00%16.98%+67 bps
Liquidity & Funding
Loans / Deposits95.10%98.77%98.06%96.70%94.63%-46 bps
Liquid Assets / Assets10.61%7.86%8.61%10.49%11.28%+67 bps
CRE / Total Capitaln/a85.63%78.09%76.91%n/an/a