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First Federal Savings and Loan Association

Morehead, KY · Cert 31409

State savings bank · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in KY3

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 under $1B in assets in KY (n=69). 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

96

Q2 2024Q2 2026peer median (50)

Asset Quality

52

Q2 2024Q2 2026peer median (50)

Profitability

28

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

6

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 2026-10-11

First Federal Savings and Loan Association

Morehead, KY · Cert 31409

State savings bank · OCC · 1 branch

Q2 2026

$41.3MAssets
$36.9MLoans
$30.3MDeposits
$10.6MEquity
Loan mix
85%RE $31.1M13%C&I $4.8M2%Consumer $0.6MQ3 2024Q2 2026
Deposit mix
100%Interest-bearing $30.2M0%Noninterest $0.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.54%, up 21 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 3.07% of loans (+113 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 25.61%, down 49 bps from a year ago.
  • Funding: loans stand at 121.63% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.54%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+36 bps YoY

Efficiency Ratio (YTD, annualized)

82.59%-537 bps YoY

Tier 1 Leverage Ratio

25.61%-49 bps YoY

NIM

5.64%Q2 ’245.88%Q2 ’256.01%Q2 ’26+3%+10%

Non-interest income vs. expense

3.30%Q2 ’243.28%Q2 ’253.34%Q2 ’26+3%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.26%0.23%0.26%0.33%0.30%0.23%0.62%0.54%+21 bps
Return on Equity0.97%0.88%1.01%1.27%1.16%0.91%2.39%2.09%+82 bps
Net Interest Margin3.39%3.32%3.48%3.59%3.50%3.60%4.01%3.95%+36 bps
Efficiency Ratio89.15%91.24%89.97%87.97%88.86%90.50%80.71%82.59%-537 bps
Non-Interest Burden3.00%3.01%3.12%3.14%3.10%3.25%3.20%3.25%+10 bps
Growth
Asset Growth (YoY)8.66%6.19%4.13%4.49%5.17%-0.27%2.65%1.91%-257 bps
Loan Growth (YoY)2.15%1.41%0.43%-1.46%5.38%2.63%3.06%2.53%+399 bps
Deposit Growth (YoY)6.21%8.59%5.15%5.41%5.93%3.88%8.03%7.13%+171 bps
Asset Quality
Nonperforming Loans / Loans1.69%1.70%1.63%1.93%1.84%2.23%2.14%3.07%+113 bps
Net Charge-Offs / Loans-0.34%-0.25%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.25%1.23%1.23%1.24%1.22%1.23%1.23%1.24%0 bps
Allowance Coverage of NPLs0.7x0.7x0.8x0.6x0.7x0.6x0.6x0.4x-0.2x
Capital
Tier 1 Leverage Ratio25.98%25.75%25.87%26.11%25.78%26.39%25.97%25.61%-49 bps
Total Risk-Based Capital41.22%40.14%40.52%40.90%40.06%40.57%39.93%42.02%+112 bps
Equity / Assets25.97%25.44%26.06%25.82%25.50%26.12%25.76%25.55%-27 bps
Liquidity & Funding
Loans / Deposits127.48%125.41%129.45%127.08%126.81%123.90%123.49%121.63%-545 bps
Liquid Assets / Assets9.84%9.82%8.07%9.25%9.03%6.87%7.34%8.74%-51 bps
CRE / Total Capitaln/an/an/an/a65.03%64.68%68.81%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 2026-10-11

First Federal Savings and Loan Association

Morehead, KY · Cert 31409 · Peer group: banks under $1B in assets in KY (n=69)

State savings bank · OCC · 1 branch

Q2 2026

$41.3MAssets
$36.9MLoans
$30.3MDeposits
$10.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in KY (rank 7 of 69).
  • Widest gap: nonperforming loans / loans trails 96% of banks under $1B in assets in KY (rank 67 of 69).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.53%

Rank 63 of 69

Net Interest Margin

3.95%

Rank 19 of 69

Efficiency Ratio

82.59%

Rank 66 of 69

Equity / Assets

25.55%

Rank 4 of 69

Non-interest income vs. expense

$0.0M$1.4MINCOMEEXPENSE
Unfavorable gap of $1.3M · efficiency ratio beats 6% of banks under $1B in assets in KY
Bank 82.59%Peer median 63.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.53%0.83%1.18%1.44%Beats 9%63 / 69
Return on Equity2.08%7.64%11.70%15.70%Beats 4%66 / 69
Net Interest Margin3.95%3.45%3.75%3.96%Beats 72%19 / 69
Efficiency Ratio82.59%55.32%62.99%70.80%Beats 6%66 / 69
Asset Quality
Nonperforming Loans / Loans3.07%0.18%0.52%1.14%Beats 4%67 / 69
Net Charge-Offs / Loans0.00%0.01%0.02%0.06%Beats 100%7 / 69
Capital
Tier 1 Capital Ratio40.77%11.33%13.58%16.27%Beats 97%2 / 69
Total Risk-Based Capital Ratio42.02%11.55%14.43%17.27%Beats 97%2 / 69
Equity / Assets25.55%8.31%9.91%12.53%Beats 94%4 / 69
Liquidity & Funding
Loans / Deposits121.63%71.40%81.07%88.03%97th pctl2 / 69
Loans / Assets89.25%61.10%68.66%76.68%96th pctl3 / 69
Brokered Deposits / Depositsn/aNot reported for this institution