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Blue Grass Federal Savings and Loan Association

Paris, KY · Cert 31090 · First Mutual Holding Co.

State savings bank · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

91

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

8

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

13

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Blue Grass Federal Savings and Loan Association

Paris, KY · Cert 31090 · First Mutual Holding Co.

State savings bank · OCC · 4 affiliate banks · 1 branch (26 in holding)

Q2 2026

$58.5MAssets
$45.0MLoans
$40.6MDeposits
$9.4MEquity
Loan mix
92%RE $38.8M7%C&I $3.1M1%Consumer $0.3MQ3 2024Q2 2026
Deposit mix
94%Interest-bearing $37.9M6%Noninterest $2.6MQ3 2024Q2 2026

Market Position · Lexington-Fayette, KY · 2026 SOD (annual) · 0.3% share · #27 of 36 inst. · $0.0B of $16.0B

Executive Summary

  • Earnings: ROA of 0.29%, up 5 bps year over year; NIM at 2.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.91%, down 101 bps from a year ago.
  • Funding: loans stand at 111.03% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.29%+5 bps YoY

Net Interest Margin (YTD, annualized)

2.64%+4 bps YoY

Efficiency Ratio (YTD, annualized)

82.90%-321 bps YoY

Tier 1 Leverage Ratio

15.91%-101 bps YoY

NIM

4.77%Q2 ’244.89%Q2 ’254.88%Q2 ’26+4%+2%

Non-interest income vs. expense

2.41%Q2 ’242.44%Q2 ’252.42%Q2 ’26+1%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.17%0.20%0.25%0.24%0.24%0.24%0.26%0.29%+5 bps
Return on Equity1.01%1.15%1.50%1.43%1.45%1.45%1.64%1.81%+38 bps
Net Interest Margin2.48%2.48%2.57%2.59%2.59%2.53%2.56%2.64%+4 bps
Efficiency Ratio89.78%90.17%85.60%86.11%86.07%86.15%84.28%82.90%-321 bps
Non-Interest Burden2.20%2.22%2.17%2.20%2.20%2.15%2.12%2.14%-6 bps
Growth
Asset Growth (YoY)1.59%2.82%4.60%2.28%6.31%8.22%6.14%9.79%+751 bps
Loan Growth (YoY)8.92%5.16%4.68%-0.79%1.05%1.72%3.53%9.69%+1,048 bps
Deposit Growth (YoY)5.71%6.73%6.44%2.90%8.58%11.28%8.18%13.61%+1,071 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.06%0.03%0.02%0.02%0.00%0.00%-3 bps
Allowance / Loans0.93%0.95%0.95%0.97%0.94%0.97%0.96%0.94%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/a199.5xn/an/an/an/a
Capital
Tier 1 Leverage Ratio17.16%17.02%16.84%16.92%16.56%16.12%15.87%15.91%-101 bps
Total Risk-Based Capital28.34%29.53%28.87%28.40%27.75%27.00%27.26%26.87%-152 bps
Equity / Assets17.04%17.10%16.72%17.15%16.35%16.09%16.06%16.01%-114 bps
Liquidity & Funding
Loans / Deposits116.64%113.16%110.57%115.00%108.56%103.44%105.81%111.03%-397 bps
Liquid Assets / Assets6.35%12.85%13.23%10.71%14.42%14.76%13.43%10.14%-58 bps
CRE / Total Capitaln/an/an/an/a78.01%89.29%90.85%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Blue Grass Federal Savings and Loan Association

Paris, KY · Cert 31090 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · First Mutual Holding Co.

State savings bank · OCC · 4 affiliate banks · 1 branch (26 in holding)

Q2 2026

$58.5MAssets
$45.0MLoans
$40.6MDeposits
$9.4MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 105 of 743).
  • Widest gap: net interest margin trails 92% of banks under $1B in assets operating in a single state (rank 687 of 746).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.29%

Rank 676 of 746

Net Interest Margin

2.64%

Rank 687 of 746

Efficiency Ratio

83.49%

Rank 651 of 746

Equity / Assets

16.01%

Rank 78 of 746

Non-interest income vs. expense

$0.2M$1.4MINCOMEEXPENSE
Unfavorable gap of $1.2M · efficiency ratio beats 13% of banks under $1B in assets operating in a single state
Bank 83.49%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.29%0.72%1.06%1.45%Beats 9%676 / 746
Return on Equity1.79%6.74%10.51%13.63%Beats 8%689 / 746
Net Interest Margin2.64%3.17%3.68%4.16%Beats 8%687 / 746
Efficiency Ratio83.49%55.74%64.58%75.47%Beats 13%651 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 100%105 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio25.63%11.55%13.75%17.60%Beats 92%60 / 746
Total Risk-Based Capital Ratio26.87%11.71%14.33%18.43%Beats 92%57 / 746
Equity / Assets16.01%8.90%10.51%13.06%Beats 90%78 / 746
Liquidity & Funding
Loans / Deposits111.03%61.31%78.27%90.78%97th pctl22 / 746
Loans / Assets76.96%53.60%66.97%76.08%78th pctl163 / 746
Brokered Deposits / Depositsn/aNot reported for this institution