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First Federal Bank

Lake City, FL · Cert 31313 · First Federal Bcorp MHC

State savings bank · OCC · 27 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 $1B-$10B in assets (n=311 to 317). 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

77

Q2 2024Q2 2026peer median (50)

Asset Quality

19

Q2 2024Q2 2026peer median (50)

Profitability

36

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

26

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 Federal Bank

Lake City, FL · Cert 31313 · First Federal Bcorp MHC

State savings bank · OCC · 27 branches

Q2 2026

$4.5BAssets
$1.4BLoans
$3.4BDeposits
$465.8MEquity
Loan mix
79%RE $909.3M13%C&I $150.7M8%Consumer $89.0MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $3.1B11%Noninterest $0.4BQ2 2025Q2 2026

NIM

4.57%Q2 ’244.38%Q2 ’254.46%Q2 ’26+3%+7%

Non-interest income vs. expense

2.77%Q2 ’242.71%Q2 ’252.86%Q2 ’26-5%+1%

Market Position · Jacksonville, FL · 2026 SOD (annual) · 0.4% share · #15 of 36 inst. · $0.5B of $120.9B

71.8% Columbia
57.3% Suwannee
16.3% Nassau
22.3% Jackson

Executive Summary

  • Earnings: ROA of 1.19%, up 17 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 2.96% of loans (+3 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 10.83%, up 6 bps from a year ago.
  • Funding: loans stand at 41.67% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.19%+17 bps YoY

Net Interest Margin (YTD, annualized)

2.90%+19 bps YoY

Efficiency Ratio (YTD, annualized)

66.69%-170 bps YoY

Tier 1 Leverage Ratio

10.83%+6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.02%1.07%0.58%1.22%1.19%+17 bps
Return on Equity10.68%10.89%5.86%11.93%11.61%+93 bps
Net Interest Margin2.71%2.76%2.64%2.89%2.90%+19 bps
Efficiency Ratio68.38%67.38%68.95%65.91%66.69%-170 bps
Non-Interest Burden1.44%1.42%1.41%1.38%1.45%+2 bps
Growth
Asset Growth (YoY)0.23%4.92%12.82%10.27%6.94%+671 bps
Loan Growth (YoY)-0.23%2.55%10.01%9.14%4.58%+482 bps
Deposit Growth (YoY)-9.07%-1.56%-3.90%9.65%7.10%+1,617 bps
Asset Quality
Nonperforming Loans / Loans2.94%4.12%3.18%3.29%2.96%+3 bps
Net Charge-Offs / Loans0.06%0.06%0.08%0.17%0.11%+5 bps
Allowance / Loans0.67%0.72%0.79%0.79%0.76%+9 bps
Allowance Coverage of NPLs0.2x0.2x0.2x0.2x0.3x0.0x
Capital
Tier 1 Leverage Ratio10.77%11.25%10.71%10.94%10.83%+6 bps
Total Risk-Based Capital20.78%22.39%21.15%21.55%21.06%+27 bps
Equity / Assets9.47%10.34%10.34%10.12%10.38%+92 bps
Liquidity & Funding
Loans / Deposits42.67%41.37%43.13%39.54%41.67%-100 bps
Liquid Assets / Assets1.03%2.34%1.26%1.18%1.11%+8 bps
CRE / Total Capitaln/a81.84%87.81%85.65%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 Federal Bank

Lake City, FL · Cert 31313 · Peer group: banks $1B-$10B in assets (n=311-317) · First Federal Bcorp MHC

State savings bank · OCC · 27 branches

Q2 2026

$4.5BAssets
$1.4BLoans
$3.4BDeposits
$465.8MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 91% of banks $1B-$10B in assets (rank 27 of 317).
  • Widest gap: nonperforming loans / loans trails 95% of banks $1B-$10B in assets (rank 297 of 311).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.17%

Rank 176 of 317

Net Interest Margin

2.90%

Rank 259 of 317

Efficiency Ratio

66.69%

Rank 234 of 317

Equity / Assets

10.38%

Rank 156 of 317

Non-interest income vs. expense

$63.4M$128.8MINCOMEEXPENSE
Unfavorable gap of $65.4M · efficiency ratio beats 26% of banks $1B-$10B in assets
Bank 66.69%Peer median 59.7%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.17%0.93%1.22%1.51%Beats 44%176 / 317
Return on Equity11.25%8.63%11.43%14.48%Beats 47%167 / 317
Net Interest Margin2.90%3.06%3.45%3.83%Beats 18%259 / 317
Efficiency Ratio66.69%51.90%59.69%67.53%Beats 26%234 / 317
Asset Quality
Nonperforming Loans / Loans2.96%0.24%0.51%1.14%Beats 5%297 / 311
Net Charge-Offs / Loans0.08%0.01%0.04%0.12%Beats 33%210 / 311
Capital
Tier 1 Capital Ratio20.56%11.75%13.15%15.30%Beats 91%27 / 317
Total Risk-Based Capital Ratio21.06%12.63%14.21%16.26%Beats 90%31 / 317
Equity / Assets10.38%9.06%10.32%11.95%Beats 51%156 / 317
Liquidity & Funding
Loans / Deposits41.67%76.63%88.04%95.67%2nd pctl305 / 312
Loans / Assets31.94%65.41%74.05%79.71%4th pctl305 / 317
Brokered Deposits / Depositsn/aNot reported for this institution