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First Reliance Bank

Florence, SC · Cert 35214 · First Reliance Bancshares Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 $1B-$10B in assets (n=322 to 328). 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

50

Q2 2024Q2 2026peer median (50)

Asset Quality

89

Q2 2024Q2 2026peer median (50)

Profitability

52

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

27

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

First Reliance Bank

Florence, SC · Cert 35214 · First Reliance Bancshares Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

$1.1BAssets
$838.8MLoans
$922.0MDeposits
$114.2MEquity
Loan mix
90%RE $735.0M9%C&I $69.8M1%Consumer $11.2MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $670.7M27%Noninterest $251.4MQ2 2025Q2 2026

NIM

4.94%Q2 ’245.08%Q2 ’255.15%Q2 ’26+10%+5%

Non-interest income vs. expense

3.04%Q2 ’243.18%Q2 ’253.15%Q2 ’26-11%+8%

Market Position · Florence, SC · 2026 SOD (annual) · 8.4% share · #6 of 16 inst. · $0.4B of $4.5B

10.4% Florence
0.9% Charleston
2.0% Lexington
0.6% Richland

Executive Summary

  • Earnings: ROA of 1.21%, up 14 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.07% of loans (+5 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.53%, up 78 bps from a year ago.
  • Funding: loans stand at 90.98% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.21%+14 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+18 bps YoY

Efficiency Ratio (YTD, annualized)

66.43%-78 bps YoY

Tier 1 Leverage Ratio

10.53%+78 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.07%1.08%1.10%1.34%1.21%+14 bps
Return on Equity11.73%11.69%11.73%13.39%12.09%+36 bps
Net Interest Margin3.35%3.44%3.46%3.57%3.54%+18 bps
Efficiency Ratio67.21%67.47%67.57%63.20%66.43%-78 bps
Non-Interest Burden1.80%1.90%1.93%1.76%1.94%+14 bps
Growth
Asset Growth (YoY)4.14%2.46%2.44%1.95%2.32%-182 bps
Loan Growth (YoY)4.51%4.50%2.26%1.24%4.90%+40 bps
Deposit Growth (YoY)5.19%0.42%-0.66%-5.36%-3.07%-826 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.05%0.31%0.25%0.07%+5 bps
Net Charge-Offs / Loans0.05%0.04%0.02%0.00%0.00%-5 bps
Allowance / Loans1.07%1.10%1.11%1.11%1.11%+5 bps
Allowance Coverage of NPLs41.6x23.7x3.6x4.4x14.9x-26.7x
Capital
Tier 1 Leverage Ratio9.74%9.93%10.16%10.53%10.53%+78 bps
Total Risk-Based Capital12.88%13.57%13.82%14.15%14.26%+138 bps
Equity / Assets9.30%9.58%9.96%10.00%10.15%+85 bps
Liquidity & Funding
Loans / Deposits84.06%82.53%83.40%87.76%90.98%+692 bps
Liquid Assets / Assets2.68%2.44%2.57%2.37%2.04%-64 bps
CRE / Total Capitaln/a379%371%367%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

First Reliance Bank

Florence, SC · Cert 35214 · Peer group: banks $1B-$10B in assets (n=322-328) · First Reliance Bancshares Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

$1.1BAssets
$838.8MLoans
$922.0MDeposits
$114.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 89% of banks $1B-$10B in assets (rank 35 of 322).
  • Widest gap: efficiency ratio trails 73% of banks $1B-$10B in assets (rank 240 of 328).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.20%

Rank 173 of 328

Net Interest Margin

3.54%

Rank 145 of 328

Efficiency Ratio

66.45%

Rank 240 of 328

Equity / Assets

10.15%

Rank 173 of 328

Non-interest income vs. expense

$13.6M$35.5MINCOMEEXPENSE
Unfavorable gap of $21.8M · efficiency ratio beats 27% of banks $1B-$10B in assets
Bank 66.45%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.20%0.91%1.22%1.52%Beats 47%173 / 328
Return on Equity11.81%8.43%11.45%14.43%Beats 53%154 / 328
Net Interest Margin3.54%3.03%3.45%3.83%Beats 56%145 / 328
Efficiency Ratio66.45%51.61%59.56%67.53%Beats 27%240 / 328
Asset Quality
Nonperforming Loans / Loans0.07%0.24%0.51%1.03%Beats 89%35 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 88%40 / 322
Capital
Tier 1 Capital Ratio13.16%11.75%13.15%15.47%Beats 51%162 / 328
Total Risk-Based Capital Ratio14.26%12.63%14.15%16.46%Beats 52%157 / 328
Equity / Assets10.15%9.15%10.33%12.01%Beats 47%173 / 328
Liquidity & Funding
Loans / Deposits90.98%76.63%87.92%95.36%61st pctl127 / 323
Loans / Assets74.54%65.18%74.15%79.98%51st pctl160 / 328
Brokered Deposits / Depositsn/aNot reported for this institution