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Letter portraitLegal landscapeQuarterYTD

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 $1.2MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $105.2M22%Noninterest $29.1MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.97%0.50%0.37%0.49%0.55%0.55%0.63%0.61%+12 bps
Return on Equity27.70%6.76%4.41%5.94%6.57%6.47%6.99%6.75%+81 bps
Net Interest Margin2.93%3.29%3.64%3.80%3.90%3.96%3.92%4.08%+28 bps
Efficiency Ratio57.92%66.67%88.26%84.72%83.22%83.93%79.43%81.11%-361 bps
Non-Interest Burden0.78%1.55%3.16%3.15%3.18%3.25%3.01%3.21%+5 bps
Growth
Asset Growth (YoY)7.97%-8.25%-3.19%-7.20%-11.09%-2.17%0.24%-1.20%+600 bps
Loan Growth (YoY)7.62%1.12%-0.71%-0.16%-1.35%-2.96%-0.67%-2.28%-212 bps
Deposit Growth (YoY)-1.57%-1.11%0.37%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%+1 bps
Allowance / Loans0.82%0.81%0.81%0.80%0.81%0.78%0.79%0.80%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.00%8.77%8.87%9.01%9.13%9.33%9.47%9.68%+68 bps
Total Risk-Based Capital18.56%17.65%18.21%18.51%19.34%19.89%20.20%20.45%+194 bps
Equity / Assets8.11%8.57%8.04%8.19%8.78%9.32%8.71%8.94%+75 bps
Liquidity & Funding
Loans / Deposits87.95%96.78%89.06%89.10%88.95%91.98%86.51%86.80%-230 bps
Liquid Assets / Assets15.69%2.69%7.61%7.85%6.94%4.25%10.15%9.96%+211 bps
CRE / Total Capitaln/an/an/an/a73.12%68.31%59.74%n/an/a