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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 $0.6MQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $30.2M0%Noninterest $0.1MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.33%0.30%0.23%0.62%0.54%+21 bps
Return on Equity1.27%1.16%0.91%2.39%2.09%+82 bps
Net Interest Margin3.59%3.50%3.60%4.01%3.95%+36 bps
Efficiency Ratio87.97%88.86%90.50%80.71%82.59%-537 bps
Non-Interest Burden3.14%3.10%3.25%3.20%3.25%+10 bps
Growth
Asset Growth (YoY)4.49%5.17%-0.27%2.65%1.91%-257 bps
Loan Growth (YoY)-1.46%5.38%2.63%3.06%2.53%+399 bps
Deposit Growth (YoY)5.41%5.93%3.88%8.03%7.13%+171 bps
Asset Quality
Nonperforming Loans / Loans1.93%1.84%2.23%2.14%3.07%+113 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.24%1.22%1.23%1.23%1.24%0 bps
Allowance Coverage of NPLs0.6x0.7x0.6x0.6x0.4x-0.2x
Capital
Tier 1 Leverage Ratio26.11%25.78%26.39%25.97%25.61%-49 bps
Total Risk-Based Capital40.90%40.06%40.57%39.93%42.02%+112 bps
Equity / Assets25.82%25.50%26.12%25.76%25.55%-27 bps
Liquidity & Funding
Loans / Deposits127.08%126.81%123.90%123.49%121.63%-545 bps
Liquid Assets / Assets9.25%9.03%6.87%7.34%8.74%-51 bps
CRE / Total Capitaln/a65.03%64.68%68.81%n/an/a