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First Electronic Bank

Salt Lake City, UT · Cert 35533

State charter, non-member · FDIC · 1 branch

Q2 2026

$502.9MAssets
$204.5MLoans
$285.6MDeposits
$198.3MEquity
Loan mix
0%RE $0.0M2%C&I $3.8M98%Consumer $151.3MQ2 2025Q2 2026
Deposit mix
7%Interest-bearing $20.0M93%Noninterest $265.6MQ2 2025Q2 2026

NIM

21.54%Q2 ’2421.33%Q2 ’2518.78%Q2 ’26+0%-12%

Non-interest income vs. expense

8.17%Q2 ’246.06%Q2 ’2510.44%Q2 ’26+54%+113%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.0% share · #34 of 57 inst. · $0.3B of $1175.7B

Executive Summary

  • Earnings: ROA of 7.94%, down 696 bps year over year; NIM at 18.61%.
  • Asset quality: problem loans at 0.01% of loans (+1 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 46.82%, up 1,638 bps from a year ago.
  • Funding: loans stand at 71.58% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

7.94%-696 bps YoY

Net Interest Margin (YTD, annualized)

18.61%-249 bps YoY

Efficiency Ratio (YTD, annualized)

45.91%+2,082 bps YoY

Tier 1 Leverage Ratio

46.82%+1,638 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets14.91%12.95%12.66%6.68%7.94%-696 bps
Return on Equity49.05%41.52%38.66%15.82%19.26%-2,979 bps
Net Interest Margin21.10%20.17%19.69%14.36%18.61%-249 bps
Efficiency Ratio25.08%27.42%29.96%49.03%45.91%+2,082 bps
Non-Interest Burden2.96%3.23%3.54%5.22%6.31%+334 bps
Growth
Asset Growth (YoY)19.34%46.72%5.55%-12.32%-1.76%-2,110 bps
Loan Growth (YoY)-1.32%-3.69%-41.71%-43.72%26.49%+2,781 bps
Deposit Growth (YoY)7.58%46.75%-13.03%-36.19%-14.35%-2,193 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.01%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.08%+8 bps
Allowance / Loans0.00%0.00%0.00%0.34%0.62%+62 bps
Allowance Coverage of NPLsn/an/an/a266.0x52.5xn/a
Capital
Tier 1 Leverage Ratio30.43%34.48%36.87%42.50%46.82%+1,638 bps
Total Risk-Based Capital94.32%87.68%141.36%115.54%90.58%-374 bps
Equity / Assets31.75%33.40%39.12%45.71%39.44%+769 bps
Liquidity & Funding
Loans / Deposits48.47%55.88%44.55%74.78%71.58%+2,311 bps
Liquid Assets / Assets66.33%61.96%72.24%60.38%56.33%-1,000 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/an/a