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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 $0.7MQ3 2024Q2 2026
Deposit mix
100%Interest-bearing $56.6M0%Noninterest $0.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.95%, up 77 bps year over year; NIM at 3.23%.
  • 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.

Return on Assets (YTD, annualized)

0.95%+77 bps YoY

Net Interest Margin (YTD, annualized)

3.23%+97 bps YoY

Efficiency Ratio (YTD, annualized)

59.44%-2,905 bps YoY

Tier 1 Leverage Ratio

21.58%+84 bps YoY

NIM

4.30%Q2 ’244.78%Q2 ’255.37%Q2 ’26+37%+43%

Non-interest income vs. expense

1.73%Q2 ’241.99%Q2 ’251.92%Q2 ’26+15%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.01%0.07%0.12%0.18%0.23%0.25%0.81%0.95%+77 bps
Return on Equity0.06%0.32%0.58%0.86%1.09%1.21%3.89%4.44%+358 bps
Net Interest Margin1.73%1.82%2.22%2.26%2.37%2.44%3.06%3.23%+97 bps
Efficiency Ratio97.22%93.83%91.93%88.49%86.28%85.03%63.18%59.44%-2,905 bps
Non-Interest Burden1.68%1.71%2.04%2.00%2.05%2.08%1.94%1.92%-8 bps
Growth
Asset Growth (YoY)-0.21%-0.51%-2.04%-4.49%-5.13%-1.58%0.48%-5.25%-76 bps
Loan Growth (YoY)-0.28%-1.35%-2.08%-4.79%-5.08%-1.30%-0.30%-5.19%-40 bps
Deposit Growth (YoY)-4.33%-2.42%19.14%9.39%3.80%8.86%8.02%-4.79%-1,418 bps
Asset Quality
Nonperforming Loans / Loans1.36%1.84%2.36%2.11%2.24%1.85%1.58%1.69%-42 bps
Net Charge-Offs / Loans0.03%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.62%0.62%0.64%0.65%0.65%0.65%0.67%0.72%+7 bps
Allowance Coverage of NPLs0.5x0.3x0.3x0.3x0.3x0.4x0.4x0.4x+0.1x
Capital
Tier 1 Leverage Ratio20.47%20.77%20.49%20.74%21.41%21.44%21.17%21.58%+84 bps
Total Risk-Based Capital20.47%20.77%20.49%20.74%21.41%21.44%21.17%21.58%+84 bps
Equity / Assets20.50%20.68%20.51%20.82%21.34%20.84%20.88%22.39%+158 bps
Liquidity & Funding
Loans / Deposits146.68%144.69%138.98%130.63%134.14%131.19%128.28%130.08%-55 bps
Liquid Assets / Assets3.04%3.15%3.24%3.08%2.75%2.79%4.71%3.28%+21 bps
CRE / Total Capitaln/an/an/an/a81.77%83.60%92.28%n/an/a