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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 $0.3MQ3 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 0.32%, up 9 bps year over year; NIM at 2.72%.
  • 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 (quarter, annualized)

0.32%+9 bps YoY

Net Interest Margin (quarter, annualized)

2.72%+10 bps YoY

Efficiency Ratio (quarter, annualized)

81.61%-500 bps YoY

Tier 1 Leverage Ratio

15.91%-101 bps YoY

NIM

4.86%Q2 ’244.90%Q2 ’255.02%Q2 ’26+7%+4%

Non-interest income vs. expense

2.44%Q2 ’242.47%Q2 ’252.46%Q2 ’26+1%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.14%0.26%0.25%0.23%0.25%0.24%0.26%0.32%+9 bps
Return on Equity0.80%1.55%1.50%1.36%1.48%1.48%1.64%1.97%+61 bps
Net Interest Margin2.47%2.57%2.57%2.62%2.71%2.59%2.56%2.72%+10 bps
Efficiency Ratio92.84%91.28%85.60%86.61%86.00%86.36%84.28%81.61%-500 bps
Non-Interest Burden2.28%2.33%2.17%2.24%2.30%2.21%2.12%2.17%-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%0.00%0.00%0.02%0.00%0.00%0 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