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First Federal Savings and Loan Association

Hazard, KY · Cert 31197 · First Federal MHC

State savings bank · OCC · 1 affiliate bank · 1 branch (7 in holding)

Q2 2026

$81.3MAssets
$73.6MLoans
$56.6MDeposits
$18.2MEquity
Loan mix
99%RE $77.5M0%C&I $0.0M1%Consumer $0.7MQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $56.6M0%Noninterest $0.0MQ2 2025Q2 2026

NIM

4.32%Q2 ’244.76%Q2 ’255.38%Q2 ’26+40%+46%

Non-interest income vs. expense

1.72%Q2 ’241.93%Q2 ’251.87%Q2 ’26+12%-4%

Executive Summary

  • Earnings: ROA of 1.08%, up 84 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 1.69% of loans (-42 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 21.58%, up 84 bps from a year ago.
  • Funding: loans stand at 130.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.08%+84 bps YoY

Net Interest Margin (quarter, annualized)

3.34%+105 bps YoY

Efficiency Ratio (quarter, annualized)

55.95%-2,915 bps YoY

Tier 1 Leverage Ratio

21.58%+84 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.24%0.33%0.33%0.81%1.08%+84 bps
Return on Equity1.14%1.56%1.56%3.89%4.99%+384 bps
Net Interest Margin2.28%2.47%2.67%3.06%3.34%+105 bps
Efficiency Ratio85.10%82.15%81.71%63.18%55.95%-2,915 bps
Non-Interest Burden1.94%2.03%2.18%1.94%1.86%-8 bps
Growth
Asset Growth (YoY)-4.49%-5.13%-1.58%0.48%-5.25%-76 bps
Loan Growth (YoY)-4.79%-5.08%-1.30%-0.30%-5.19%-40 bps
Deposit Growth (YoY)9.39%3.80%8.86%8.02%-4.79%-1,418 bps
Asset Quality
Nonperforming Loans / Loans2.11%2.24%1.85%1.58%1.69%-42 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.65%0.65%0.65%0.67%0.72%+7 bps
Allowance Coverage of NPLs0.3x0.3x0.4x0.4x0.4x+0.1x
Capital
Tier 1 Leverage Ratio20.74%21.41%21.44%21.17%21.58%+84 bps
Total Risk-Based Capital20.74%21.41%21.44%21.17%21.58%+84 bps
Equity / Assets20.82%21.34%20.84%20.88%22.39%+158 bps
Liquidity & Funding
Loans / Deposits130.63%134.14%131.19%128.28%130.08%-55 bps
Liquid Assets / Assets3.08%2.75%2.79%4.71%3.28%+21 bps
CRE / Total Capitaln/a81.77%83.60%92.28%n/an/a