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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

4.82%Q2 ’244.60%Q2 ’254.66%Q2 ’26+3%+7%

Non-interest income vs. expense

2.73%Q2 ’242.74%Q2 ’252.97%Q2 ’26+15%0%

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 1.17%, up 19 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 2.96% of loans (+3 bps YoY), with net charge-offs at 0.06%.
  • 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 (quarter, annualized)

1.17%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.03%+20 bps YoY

Efficiency Ratio (quarter, annualized)

67.42%-164 bps YoY

Tier 1 Leverage Ratio

10.83%+6 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.98%1.13%-0.80%1.22%1.17%+19 bps
Return on Equity10.24%11.39%-7.78%11.93%11.40%+116 bps
Net Interest Margin2.83%2.81%2.53%2.89%3.03%+20 bps
Efficiency Ratio69.06%65.46%73.96%65.91%67.42%-164 bps
Non-Interest Burden1.58%1.35%1.54%1.38%1.57%-1 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 / Loans0.04%0.04%0.15%0.17%0.06%+2 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