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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 $13.2MQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $189.5M30%Noninterest $81.9MQ3 2024Q2 2026

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 1.46%, up 13 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (-72 bps YoY), with net charge-offs at 0.08%.
  • 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.

Return on Assets (quarter, annualized)

1.46%+13 bps YoY

Net Interest Margin (quarter, annualized)

4.23%+19 bps YoY

Efficiency Ratio (quarter, annualized)

61.90%-170 bps YoY

Tier 1 Leverage Ratio

10.57%+37 bps YoY

NIM

5.05%Q2 ’244.84%Q2 ’255.16%Q2 ’26-6%+5%

Non-interest income vs. expense

3.42%Q2 ’242.96%Q2 ’253.03%Q2 ’26-12%+1%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.51%1.59%1.35%1.33%1.56%1.47%1.50%1.46%+13 bps
Return on Equity15.31%16.06%14.10%14.79%16.58%14.09%14.75%14.76%-3 bps
Net Interest Margin4.41%4.26%4.11%4.04%4.31%4.35%4.22%4.23%+19 bps
Efficiency Ratio64.34%63.46%65.20%63.60%59.27%63.62%61.21%61.90%-170 bps
Non-Interest Burden2.49%2.24%2.42%2.35%2.16%2.47%2.33%2.36%+2 bps
Growth
Asset Growth (YoY)1.58%8.98%10.27%28.49%11.56%9.23%11.01%-4.10%-3,259 bps
Loan Growth (YoY)6.91%7.03%3.13%0.45%3.44%4.41%3.93%0.15%-30 bps
Deposit Growth (YoY)-1.19%8.89%9.80%29.82%5.54%2.59%5.32%-10.13%-3,995 bps
Asset Quality
Nonperforming Loans / Loans0.74%0.73%0.85%0.72%0.67%0.05%0.02%0.00%-72 bps
Net Charge-Offs / Loans0.09%0.03%0.09%0.12%0.02%0.04%0.11%0.08%-5 bps
Allowance / Loans1.43%1.40%1.40%1.35%1.35%1.32%1.33%1.36%+1 bps
Allowance Coverage of NPLs1.9x1.9x1.7x1.9x2.0x25.1x70.2xn/an/a
Capital
Tier 1 Leverage Ratio11.51%11.45%10.95%10.21%10.88%11.17%10.67%10.57%+37 bps
Total Risk-Based Capital11.51%11.45%10.95%10.21%10.88%11.17%10.67%10.57%+37 bps
Equity / Assets10.41%9.45%9.67%8.46%10.46%10.38%9.92%9.89%+143 bps
Liquidity & Funding
Loans / Deposits64.51%61.50%58.72%49.29%63.22%62.60%57.95%54.92%+564 bps
Liquid Assets / Assets1.89%7.41%9.78%24.87%5.38%8.14%10.68%12.16%-1,271 bps
CRE / Total Capitaln/an/an/an/a167.84%174.15%166.95%n/an/a