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Southern Bank of Tennessee

Mount Juliet, TN · Cert 34847 · SB Financial Inc.

State charter, Fed member · FED · 5 branches

Q2 2026

$533.4MAssets
$394.3MLoans
$469.4MDeposits
$48.7MEquity
Loan mix
90%RE $344.4M7%C&I $27.8M3%Consumer $9.8MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $416.4M11%Noninterest $52.9MQ2 2025Q2 2026

NIM

5.63%Q2 ’246.22%Q2 ’256.17%Q2 ’26+37%+4%

Non-interest income vs. expense

2.68%Q2 ’242.76%Q2 ’252.83%Q2 ’26+5%+1%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2026 SOD (annual) · 0.4% share · #32 of 62 inst. · $0.4B of $107.8B

5.2% Wilson
1.2% Rutherford
6.2% Anderson
0.2% Williamson

Executive Summary

  • Earnings: ROA of 0.78%, up 1 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.05% of loans (+3 bps YoY), with net charge-offs at 0.34%.
  • Capital: tier 1 leverage ratio of 9.01%, down 1 bps from a year ago.
  • Funding: loans stand at 84.02% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.78%+1 bps YoY

Net Interest Margin (quarter, annualized)

3.78%+14 bps YoY

Efficiency Ratio (quarter, annualized)

69.49%-132 bps YoY

Tier 1 Leverage Ratio

9.01%-1 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.93%0.85%1.80%0.78%+1 bps
Return on Equity8.43%10.05%8.89%18.45%8.26%-17 bps
Net Interest Margin3.64%3.83%3.87%3.87%3.78%+14 bps
Efficiency Ratio70.81%68.38%69.60%71.16%69.49%-132 bps
Non-Interest Burden2.49%2.50%2.59%2.65%2.51%+3 bps
Growth
Asset Growth (YoY)10.09%12.13%6.16%4.47%12.62%+253 bps
Loan Growth (YoY)26.90%22.48%16.86%7.69%7.99%-1,891 bps
Deposit Growth (YoY)13.96%12.07%7.51%4.80%13.52%-44 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.04%0.09%0.07%0.05%+3 bps
Net Charge-Offs / Loans0.04%0.07%0.13%0.21%0.34%+29 bps
Allowance / Loans0.87%0.87%0.92%0.88%0.88%+1 bps
Allowance Coverage of NPLs73.8x21.1x10.4x12.6x19.0x-54.8x
Capital
Tier 1 Leverage Ratio9.02%9.20%9.38%9.49%9.01%-1 bps
Total Risk-Based Capital12.53%12.53%13.05%12.81%9.01%-352 bps
Equity / Assets9.17%9.38%9.69%9.82%9.13%-4 bps
Liquidity & Funding
Loans / Deposits88.32%89.35%89.43%89.27%84.02%-430 bps
Liquid Assets / Assets8.79%7.24%6.68%6.52%6.91%-188 bps
CRE / Total Capitaln/a415%387%380%n/an/a