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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 $0.6MQ3 2024Q2 2026
Deposit mix
100%Interest-bearing $30.2M0%Noninterest $0.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.46%, up 6 bps year over year; NIM at 3.96%.
  • 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 (quarter, annualized)

0.46%+6 bps YoY

Net Interest Margin (quarter, annualized)

3.96%+26 bps YoY

Efficiency Ratio (quarter, annualized)

84.56%-156 bps YoY

Tier 1 Leverage Ratio

25.61%-49 bps YoY

NIM

5.85%Q2 ’246.01%Q2 ’256.05%Q2 ’26+3%+7%

Non-interest income vs. expense

3.20%Q2 ’243.34%Q2 ’253.35%Q2 ’26+7%+6%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.23%0.16%0.26%0.40%0.24%0.04%0.62%0.46%+6 bps
Return on Equity0.86%0.62%1.01%1.54%0.95%0.15%2.39%1.78%+25 bps
Net Interest Margin3.30%3.26%3.48%3.70%3.48%3.63%4.01%3.96%+26 bps
Efficiency Ratio90.83%97.67%89.97%86.12%90.64%95.43%80.71%84.56%-156 bps
Non-Interest Burden2.98%3.18%3.12%3.16%3.14%3.46%3.20%3.35%+19 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 / Loans0.00%0.00%0.00%0.00%0.00%0.01%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