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First Commerce Bank

Lewisburg, TN · Cert 57465 · First Commerce Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$935.1MAssets
$717.5MLoans
$824.8MDeposits
$98.5MEquity
Loan mix
89%RE $637.0M8%C&I $59.0M3%Consumer $21.8MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $688.5M17%Noninterest $136.3MQ2 2025Q2 2026

NIM

6.29%Q2 ’246.31%Q2 ’256.16%Q2 ’26+9%+0%

Non-interest income vs. expense

2.05%Q2 ’242.21%Q2 ’252.16%Q2 ’26+9%-3%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2026 SOD (annual) · 0.0% share · #56 of 62 inst. · $0.0B of $107.8B

62.0% Marshall
11.0% Bedford
10.7% Lincoln
0.5% Rutherford

Executive Summary

  • Earnings: ROA of 1.96%, up 15 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 0.08% of loans (+2 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.21%, up 9 bps from a year ago.
  • Funding: loans stand at 86.99% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.96%+15 bps YoY

Net Interest Margin (quarter, annualized)

4.34%+1 bps YoY

Efficiency Ratio (quarter, annualized)

44.81%-107 bps YoY

Tier 1 Leverage Ratio

10.21%+9 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.80%1.90%1.79%1.85%1.96%+15 bps
Return on Equity17.81%18.27%16.96%17.76%18.85%+104 bps
Net Interest Margin4.33%4.50%4.30%4.31%4.34%+1 bps
Efficiency Ratio45.88%45.14%51.55%46.80%44.81%-107 bps
Non-Interest Burden1.87%1.91%2.13%1.92%1.83%-5 bps
Growth
Asset Growth (YoY)31.32%32.69%34.46%8.55%9.05%-2,227 bps
Loan Growth (YoY)32.46%34.81%36.08%12.57%8.74%-2,372 bps
Deposit Growth (YoY)29.60%30.94%32.71%8.20%8.87%-2,073 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.05%0.06%0.08%0.08%+2 bps
Net Charge-Offs / Loans0.07%0.03%0.02%0.07%0.00%-6 bps
Allowance / Loans0.78%0.78%0.87%0.85%0.86%+8 bps
Allowance Coverage of NPLs13.6x14.7x14.2x10.5x10.7x-2.9x
Capital
Tier 1 Leverage Ratio10.12%10.49%10.40%10.29%10.21%+9 bps
Total Risk-Based Capital10.12%10.49%10.40%10.29%10.21%+9 bps
Equity / Assets10.27%10.51%10.64%10.23%10.53%+26 bps
Liquidity & Funding
Loans / Deposits87.10%89.06%90.56%87.29%86.99%-11 bps
Liquid Assets / Assets1.81%0.77%1.99%5.85%4.79%+298 bps
CRE / Total Capitaln/a388%395%406%n/an/a