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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

4.38%Q2 ’244.38%Q2 ’254.42%Q2 ’26-3%+3%

Non-interest income vs. expense

2.69%Q2 ’242.69%Q2 ’252.86%Q2 ’260%+7%

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 0.47%, down 1 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 0.70% of loans (+12 bps YoY), with net charge-offs at 0.01%.
  • 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 (quarter, annualized)

0.47%-1 bps YoY

Net Interest Margin (quarter, annualized)

2.87%+9 bps YoY

Efficiency Ratio (quarter, annualized)

85.07%+239 bps YoY

Tier 1 Leverage Ratio

9.50%+21 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.48%0.58%0.40%0.38%0.47%-1 bps
Return on Equity6.83%8.16%5.43%5.08%6.07%-76 bps
Net Interest Margin2.79%2.88%2.89%2.81%2.87%+9 bps
Efficiency Ratio82.68%79.04%85.82%86.14%85.07%+239 bps
Non-Interest Burden2.22%2.18%2.42%2.36%2.37%+15 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 / Loans0.02%0.00%0.03%0.03%0.01%-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