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1st Federal Savings Bank of SC, Inc.

Walterboro, SC · Cert 31410 · First Carolina Bancshares M H C

SL · FDIC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

63

Q2 2024Q2 2026peer median (50)

Asset Quality

78

Q2 2024Q2 2026peer median (50)

Profitability

38

Q2 2024Q2 2026peer median (50)

Liquidity

61

Q2 2024Q2 2026peer median

Efficiency

15

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

1st Federal Savings Bank of SC, Inc.

Walterboro, SC · Cert 31410 · First Carolina Bancshares M H C

SL · FDIC · 2 branches

Q2 2026

$151.6MAssets
$116.6MLoans
$134.3MDeposits
$13.6MEquity
Loan mix
99%RE $115.6M0%C&I $0.0M1%Consumer $1.2MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $105.2M22%Noninterest $29.1MQ2 2025Q2 2026

NIM

4.29%Q2 ’244.93%Q2 ’255.00%Q2 ’26+32%+7%

Non-interest income vs. expense

2.90%Q2 ’243.60%Q2 ’253.75%Q2 ’26+27%+2%

Executive Summary

  • Earnings: ROA of 0.61%, up 12 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.68%, up 68 bps from a year ago.
  • Funding: loans stand at 86.80% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.61%+12 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+28 bps YoY

Efficiency Ratio (YTD, annualized)

81.11%-361 bps YoY

Tier 1 Leverage Ratio

9.68%+68 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.49%0.55%0.55%0.63%0.61%+12 bps
Return on Equity5.94%6.57%6.47%6.99%6.75%+81 bps
Net Interest Margin3.80%3.90%3.96%3.92%4.08%+28 bps
Efficiency Ratio84.72%83.22%83.93%79.43%81.11%-361 bps
Non-Interest Burden3.15%3.18%3.25%3.01%3.21%+5 bps
Growth
Asset Growth (YoY)-7.20%-11.09%-2.17%0.24%-1.20%+600 bps
Loan Growth (YoY)-0.16%-1.35%-2.96%-0.67%-2.28%-212 bps
Deposit Growth (YoY)0.46%-2.46%2.10%2.25%0.31%-15 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.01%+1 bps
Allowance / Loans0.80%0.81%0.78%0.79%0.80%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.01%9.13%9.33%9.47%9.68%+68 bps
Total Risk-Based Capital18.51%19.34%19.89%20.20%20.45%+194 bps
Equity / Assets8.19%8.78%9.32%8.71%8.94%+75 bps
Liquidity & Funding
Loans / Deposits89.10%88.95%91.98%86.51%86.80%-230 bps
Liquid Assets / Assets7.85%6.94%4.25%10.15%9.96%+211 bps
CRE / Total Capitaln/a73.12%68.31%59.74%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

1st Federal Savings Bank of SC, Inc.

Walterboro, SC · Cert 31410 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · First Carolina Bancshares M H C

SL · FDIC · 2 branches

Q2 2026

$151.6MAssets
$116.6MLoans
$134.3MDeposits
$13.6MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 105 of 743).
  • Widest gap: efficiency ratio trails 85% of banks under $1B in assets operating in a single state (rank 632 of 746).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.60%

Rank 609 of 746

Net Interest Margin

4.08%

Rank 215 of 746

Efficiency Ratio

81.11%

Rank 632 of 746

Equity / Assets

8.94%

Rank 553 of 746

Non-interest income vs. expense

$0.8M$5.6MINCOMEEXPENSE
Unfavorable gap of $4.8M · efficiency ratio beats 15% of banks under $1B in assets operating in a single state
Bank 81.11%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.60%0.72%1.06%1.45%Beats 18%609 / 746
Return on Equity6.66%6.74%10.51%13.63%Beats 24%564 / 746
Net Interest Margin4.08%3.17%3.68%4.16%Beats 71%215 / 746
Efficiency Ratio81.11%55.74%64.58%75.47%Beats 15%632 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 100%105 / 743
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 56%328 / 743
Capital
Tier 1 Capital Ratio19.20%11.55%13.75%17.60%Beats 81%145 / 746
Total Risk-Based Capital Ratio20.45%11.71%14.33%18.43%Beats 82%135 / 746
Equity / Assets8.94%8.90%10.51%13.06%Beats 26%553 / 746
Liquidity & Funding
Loans / Deposits86.80%61.31%78.27%90.78%68th pctl238 / 746
Loans / Assets76.94%53.60%66.97%76.08%78th pctl164 / 746
Brokered Deposits / Depositsn/aNot reported for this institution