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First Southern Bank

Columbia, MS · Cert 31158 · First Federal Bcorp

State charter, non-member · FDIC · 6 branches

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=748 to 752). 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

22

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

76

Q2 2024Q2 2026peer median (50)

Liquidity

25

Q2 2024Q2 2026peer median

Efficiency

58

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 2026-10-10

First Southern Bank

Columbia, MS · Cert 31158 · First Federal Bcorp

State charter, non-member · FDIC · 6 branches

Q2 2026

$317.3MAssets
$149.1MLoans
$271.4MDeposits
$31.4MEquity
Loan mix
82%RE $126.2M9%C&I $13.8M9%Consumer $13.2MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $189.5M30%Noninterest $81.9MQ2 2025Q2 2026

NIM

4.99%Q2 ’244.69%Q2 ’255.10%Q2 ’26-9%+7%

Non-interest income vs. expense

3.45%Q2 ’242.93%Q2 ’252.97%Q2 ’26-15%+2%

Market Position · Hattiesburg, MS · 2026 SOD (annual) · 1.6% share · #12 of 20 inst. · $0.1B of $4.1B

24.7% Marion
3.9% Pearl River
19.8% Perry
1.3% Forrest

Executive Summary

  • Earnings: ROA of 1.48%, up 16 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.00% of loans (-72 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 10.57%, up 37 bps from a year ago.
  • Funding: loans stand at 54.92% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.48%+16 bps YoY

Net Interest Margin (YTD, annualized)

4.17%+27 bps YoY

Efficiency Ratio (YTD, annualized)

61.56%-282 bps YoY

Tier 1 Leverage Ratio

10.57%+37 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.32%1.44%1.44%1.50%1.48%+16 bps
Return on Equity14.46%15.17%14.95%14.75%14.72%+26 bps
Net Interest Margin3.90%4.14%4.23%4.22%4.17%+27 bps
Efficiency Ratio64.38%62.55%62.83%61.21%61.56%-282 bps
Non-Interest Burden2.28%2.30%2.36%2.33%2.32%+3 bps
Growth
Asset Growth (YoY)28.49%11.56%9.23%11.01%-4.10%-3,259 bps
Loan Growth (YoY)0.45%3.44%4.41%3.93%0.15%-30 bps
Deposit Growth (YoY)29.82%5.54%2.59%5.32%-10.13%-3,995 bps
Asset Quality
Nonperforming Loans / Loans0.72%0.67%0.05%0.02%0.00%-72 bps
Net Charge-Offs / Loans0.11%0.08%0.06%0.11%0.09%-1 bps
Allowance / Loans1.35%1.35%1.32%1.33%1.36%+1 bps
Allowance Coverage of NPLs1.9x2.0x25.1x70.2xn/an/a
Capital
Tier 1 Leverage Ratio10.21%10.88%11.17%10.67%10.57%+37 bps
Total Risk-Based Capital10.21%10.88%11.17%10.67%10.57%+37 bps
Equity / Assets8.46%10.46%10.38%9.92%9.89%+143 bps
Liquidity & Funding
Loans / Deposits49.29%63.22%62.60%57.95%54.92%+564 bps
Liquid Assets / Assets24.87%5.38%8.14%10.68%12.16%-1,271 bps
CRE / Total Capitaln/a167.84%174.15%166.95%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 2026-10-10

First Southern Bank

Columbia, MS · Cert 31158 · Peer group: banks under $1B in assets operating in a single state (n=748-752) · First Federal Bcorp

State charter, non-member · FDIC · 6 branches

Q2 2026

$317.3MAssets
$149.1MLoans
$271.4MDeposits
$31.4MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 105 of 748).
  • Widest gap: total risk-based capital ratio trails 87% of banks under $1B in assets operating in a single state (rank 654 of 752).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.43%

Rank 199 of 752

Net Interest Margin

4.17%

Rank 192 of 752

Efficiency Ratio

61.56%

Rank 314 of 752

Equity / Assets

9.89%

Rank 455 of 752

Non-interest income vs. expense

$2.1M$9.4MINCOMEEXPENSE
Unfavorable gap of $7.3M · efficiency ratio beats 58% of banks under $1B in assets operating in a single state
Bank 61.56%Peer median 64.5%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.43%0.72%1.07%1.45%Beats 74%199 / 752
Return on Equity14.48%6.78%10.58%13.65%Beats 80%149 / 752
Net Interest Margin4.17%3.18%3.69%4.17%Beats 74%192 / 752
Efficiency Ratio61.56%55.75%64.49%75.47%Beats 58%314 / 752
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.03%Beats 100%105 / 748
Net Charge-Offs / Loans0.06%0.00%0.01%0.05%Beats 24%569 / 748
Capital
Tier 1 Capital Ratio10.57%11.55%13.75%17.60%Beats 14%643 / 752
Total Risk-Based Capital Ratio10.57%11.70%14.33%18.47%Beats 13%654 / 752
Equity / Assets9.89%8.93%10.56%13.13%Beats 39%455 / 752
Liquidity & Funding
Loans / Deposits54.92%62.23%78.64%91.26%16th pctl631 / 752
Loans / Assets46.98%54.61%67.41%76.47%16th pctl634 / 752
Brokered Deposits / Depositsn/aNot reported for this institution