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Letter portraitLegal landscapeQuarterYTD

First Federal Savings Bank

Rochester, IN · Cert 31516 · American MW Financial Corp.

State savings bank · OCC · 6 branches

Q2 2026

$686.6MAssets
$594.0MLoans
$540.4MDeposits
$63.2MEquity
Loan mix
98%RE $578.0M2%C&I $13.9M0%Consumer $0.3MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $471.2M13%Noninterest $69.3MQ2 2025Q2 2026

NIM

4.73%Q2 ’244.99%Q2 ’254.97%Q2 ’26+21%+9%

Non-interest income vs. expense

3.10%Q2 ’243.35%Q2 ’253.48%Q2 ’26-10%+12%

Market Position · South Bend-Mishawaka, IN-MI · 2026 SOD (annual) · 0.5% share · #14 of 17 inst. · $0.0B of $6.2B

48.0% Fulton
15.1% Marshall
12.8% Pulaski
0.5% St. Joseph

Executive Summary

  • Earnings: ROA of 0.97%, up 15 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.94% of loans (+19 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.31%, down 33 bps from a year ago.
  • Funding: loans stand at 109.91% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.97%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.09%+27 bps YoY

Efficiency Ratio (YTD, annualized)

75.61%-13 bps YoY

Tier 1 Leverage Ratio

9.31%-33 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.83%0.83%0.84%0.83%0.97%+15 bps
Return on Equity9.24%9.18%9.39%9.29%10.85%+161 bps
Net Interest Margin2.82%2.81%2.86%3.05%3.09%+27 bps
Efficiency Ratio75.74%76.39%75.64%79.13%75.61%-13 bps
Non-Interest Burden1.75%1.78%1.80%2.14%1.97%+22 bps
Growth
Asset Growth (YoY)-0.18%-0.77%1.38%9.73%5.63%+581 bps
Loan Growth (YoY)0.95%0.85%2.44%9.45%5.62%+468 bps
Deposit Growth (YoY)-3.43%-7.53%1.08%10.54%13.30%+1,674 bps
Asset Quality
Nonperforming Loans / Loans0.75%0.99%0.88%0.95%0.94%+19 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.00%0.00%-2 bps
Allowance / Loans1.05%1.04%1.05%1.02%1.03%-2 bps
Allowance Coverage of NPLs1.4x1.1x1.2x1.1x1.1x-0.3x
Capital
Tier 1 Leverage Ratio9.63%9.53%9.24%9.21%9.31%-33 bps
Total Risk-Based Capital15.45%15.05%15.11%14.82%9.31%-615 bps
Equity / Assets9.09%9.18%8.92%8.85%9.20%+11 bps
Liquidity & Funding
Loans / Deposits117.90%116.80%108.86%106.64%109.91%-799 bps
Liquid Assets / Assets2.89%2.68%2.59%2.45%2.07%-82 bps
CRE / Total Capitaln/a166.98%189.55%185.85%n/an/a