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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 $89.0MQ3 2024Q2 2026
Deposit mix
89%Interest-bearing $3.1B11%Noninterest $0.4BQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.98%0.97%1.07%1.02%1.07%0.58%1.22%1.19%+17 bps
Return on Equity11.74%11.25%11.12%10.68%10.89%5.86%11.93%11.61%+93 bps
Net Interest Margin2.67%2.78%2.72%2.71%2.76%2.64%2.89%2.90%+19 bps
Efficiency Ratio69.86%71.05%67.71%68.38%67.38%68.95%65.91%66.69%-170 bps
Non-Interest Burden1.46%1.56%1.36%1.44%1.42%1.41%1.38%1.45%+2 bps
Growth
Asset Growth (YoY)5.59%-1.04%0.73%0.23%4.92%12.82%10.27%6.94%+671 bps
Loan Growth (YoY)13.50%0.81%-1.98%-0.23%2.55%10.01%9.14%4.58%+482 bps
Deposit Growth (YoY)-1.91%-2.89%-7.17%-9.07%-1.56%-3.90%9.65%7.10%+1,617 bps
Asset Quality
Nonperforming Loans / Loans3.52%3.68%3.79%2.94%4.12%3.18%3.29%2.96%+3 bps
Net Charge-Offs / Loans0.06%0.04%0.09%0.06%0.06%0.08%0.17%0.11%+5 bps
Allowance / Loans0.68%0.72%0.72%0.67%0.72%0.79%0.79%0.76%+9 bps
Allowance Coverage of NPLs0.2x0.2x0.2x0.2x0.2x0.2x0.2x0.3x0.0x
Capital
Tier 1 Leverage Ratio9.98%10.50%10.90%10.77%11.25%10.71%10.94%10.83%+6 bps
Total Risk-Based Capital20.53%20.57%21.70%20.78%22.39%21.15%21.55%21.06%+27 bps
Equity / Assets9.30%9.65%9.67%9.47%10.34%10.34%10.12%10.38%+92 bps
Liquidity & Funding
Loans / Deposits39.71%37.67%39.73%42.67%41.37%43.13%39.54%41.67%-100 bps
Liquid Assets / Assets3.05%2.23%0.65%1.03%2.34%1.26%1.18%1.11%+8 bps
CRE / Total Capitaln/an/an/an/a81.84%87.81%85.65%n/an/a