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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 $0.3MQ2 2025Q2 2026
Deposit mix
94%Interest-bearing $37.9M6%Noninterest $2.6MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.24%0.24%0.24%0.26%0.29%+5 bps
Return on Equity1.43%1.45%1.45%1.64%1.81%+38 bps
Net Interest Margin2.59%2.59%2.53%2.56%2.64%+4 bps
Efficiency Ratio86.11%86.07%86.15%84.28%82.90%-321 bps
Non-Interest Burden2.20%2.20%2.15%2.12%2.14%-6 bps
Growth
Asset Growth (YoY)2.28%6.31%8.22%6.14%9.79%+751 bps
Loan Growth (YoY)-0.79%1.05%1.72%3.53%9.69%+1,048 bps
Deposit Growth (YoY)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 bps
Net Charge-Offs / Loans0.03%0.02%0.02%0.00%0.00%-3 bps
Allowance / Loans0.97%0.94%0.97%0.96%0.94%-3 bps
Allowance Coverage of NPLsn/an/a199.5xn/an/an/an/a
Capital
Tier 1 Leverage Ratio16.92%16.56%16.12%15.87%15.91%-101 bps
Total Risk-Based Capital28.40%27.75%27.00%27.26%26.87%-152 bps
Equity / Assets17.15%16.35%16.09%16.06%16.01%-114 bps
Liquidity & Funding
Loans / Deposits115.00%108.56%103.44%105.81%111.03%-397 bps
Liquid Assets / Assets10.71%14.42%14.76%13.43%10.14%-58 bps
CRE / Total Capitaln/a78.01%89.29%90.85%n/an/a