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First National Bank

Cloverdale, IN · Cert 4324 · First National Bank Corp.

National charter · OCC · 7 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets (n=581 to 629). 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

49

Q2 2024Q2 2026peer median (50)

Asset Quality

36

Q2 2024Q2 2026peer median (50)

Profitability

20

Q2 2024Q2 2026peer median (50)

Liquidity

35

Q2 2024Q2 2026peer median

Efficiency

18

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 National Bank

Cloverdale, IN · Cert 4324 · First National Bank Corp.

National charter · OCC · 7 branches

Q2 2026

$418.5MAssets
$228.5MLoans
$383.1MDeposits
$32.2MEquity
Loan mix
88%RE $186.2M9%C&I $19.9M2%Consumer $5.2MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $305.8M20%Noninterest $77.3MQ2 2025Q2 2026

NIM

4.30%Q2 ’244.28%Q2 ’254.34%Q2 ’26-3%+3%

Non-interest income vs. expense

2.63%Q2 ’242.61%Q2 ’252.80%Q2 ’260%+8%

Market Position · Indianapolis-Carmel-Greenwood, IN · 2026 SOD (annual) · 0.1% share · #36 of 49 inst. · $0.1B of $91.8B

33.6% Putnam
1.7% Hendricks
0.6% Johnson

Executive Summary

  • Earnings: ROA of 0.42%, down 6 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.70% of loans (+12 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.50%, up 21 bps from a year ago.
  • Funding: loans stand at 59.66% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.42%-6 bps YoY

Net Interest Margin (YTD, annualized)

2.81%+7 bps YoY

Efficiency Ratio (YTD, annualized)

85.59%+341 bps YoY

Tier 1 Leverage Ratio

9.50%+21 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.48%0.51%0.49%0.38%0.42%-6 bps
Return on Equity6.89%7.28%6.79%5.08%5.58%-131 bps
Net Interest Margin2.74%2.78%2.78%2.81%2.81%+7 bps
Efficiency Ratio82.17%81.09%82.31%86.14%85.59%+341 bps
Non-Interest Burden2.17%2.17%2.21%2.36%2.34%+17 bps
Growth
Asset Growth (YoY)3.13%1.94%2.90%3.96%-1.05%-418 bps
Loan Growth (YoY)0.30%3.43%7.03%8.21%10.64%+1,034 bps
Deposit Growth (YoY)3.01%1.93%2.35%3.49%-2.06%-508 bps
Asset Quality
Nonperforming Loans / Loans0.58%0.21%0.22%0.27%0.70%+12 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.03%0.02%+1 bps
Allowance / Loans2.11%2.06%1.92%1.98%1.89%-22 bps
Allowance Coverage of NPLs3.6x9.7x8.8x7.3x2.7x-0.9x
Capital
Tier 1 Leverage Ratio9.29%9.34%9.30%9.66%9.50%+21 bps
Total Risk-Based Capital18.55%18.64%18.01%18.67%17.96%-59 bps
Equity / Assets6.80%7.37%7.47%7.65%7.69%+89 bps
Liquidity & Funding
Loans / Deposits52.81%55.45%57.83%56.77%59.66%+685 bps
Liquid Assets / Assets22.82%19.36%15.66%17.22%14.33%-850 bps
CRE / Total Capitaln/a145.18%149.02%158.94%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 National Bank

Cloverdale, IN · Cert 4324 · Peer group: banks under $1B in assets (n=581-629) · First National Bank Corp.

National charter · OCC · 7 branches

Q2 2026

$418.5MAssets
$228.5MLoans
$383.1MDeposits
$32.2MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 70% of banks under $1B in assets (rank 187 of 629).
  • Widest gap: equity / assets trails 90% of banks under $1B in assets (rank 568 of 629).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.43%

Rank 517 of 629

Net Interest Margin

2.81%

Rank 525 of 629

Efficiency Ratio

85.59%

Rank 519 of 629

Equity / Assets

7.69%

Rank 568 of 629

Non-interest income vs. expense

$2.0M$12.1MINCOMEEXPENSE
Unfavorable gap of $10.2M · efficiency ratio beats 18% of banks under $1B in assets
Bank 85.59%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.43%0.60%1.01%1.45%Beats 18%517 / 629
Return on Equity5.56%5.38%9.30%13.28%Beats 26%465 / 629
Net Interest Margin2.81%3.03%3.54%4.05%Beats 17%525 / 629
Efficiency Ratio85.59%58.35%67.79%79.08%Beats 18%519 / 629
Asset Quality
Nonperforming Loans / Loans0.70%0.09%0.46%1.20%Beats 39%357 / 581
Net Charge-Offs / Loans0.04%n/a0.01%0.06%Beats 32%394 / 581
Capital
Tier 1 Capital Ratio16.70%11.24%13.84%18.77%Beats 68%200 / 629
Total Risk-Based Capital Ratio17.96%11.58%14.43%19.66%Beats 70%187 / 629
Equity / Assets7.69%9.09%10.65%13.80%Beats 10%568 / 629
Liquidity & Funding
Loans / Deposits59.66%67.24%80.90%93.48%18th pctl490 / 594
Loans / Assets54.60%53.31%67.71%78.15%26th pctl463 / 629
Brokered Deposits / Depositsn/aNot reported for this institution