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First Freedom Bank

Lebanon, TN · Cert 58208 · First Freedom Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$817.8MAssets
$687.7MLoans
$710.0MDeposits
$99.6MEquity
Loan mix
77%RE $491.5M18%C&I $117.6M5%Consumer $29.5MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $636.9M10%Noninterest $73.1MQ2 2025Q2 2026

NIM

5.99%Q2 ’246.03%Q2 ’256.00%Q2 ’26-2%+11%

Non-interest income vs. expense

2.11%Q2 ’241.96%Q2 ’252.00%Q2 ’26-6%-30%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2026 SOD (annual) · 0.4% share · #29 of 62 inst. · $0.5B of $107.8B

9.3% Wilson
4.1% Putnam
49.4% Jackson

Executive Summary

  • Earnings: ROA of 1.99%, up 71 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 0.01% of loans (-9 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 12.46%, up 127 bps from a year ago.
  • Funding: loans stand at 96.85% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.99%+71 bps YoY

Net Interest Margin (YTD, annualized)

3.90%+39 bps YoY

Efficiency Ratio (YTD, annualized)

42.20%-928 bps YoY

Tier 1 Leverage Ratio

12.46%+127 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.28%1.43%1.47%2.41%1.99%+71 bps
Return on Equity11.75%12.79%13.01%19.96%16.41%+465 bps
Net Interest Margin3.51%3.71%3.77%3.98%3.90%+39 bps
Efficiency Ratio51.48%50.58%49.54%37.96%42.20%-928 bps
Non-Interest Burden1.70%1.76%1.75%0.66%1.20%-51 bps
Growth
Asset Growth (YoY)9.93%-0.28%1.00%1.49%7.34%-258 bps
Loan Growth (YoY)7.23%4.53%9.12%10.05%11.46%+422 bps
Deposit Growth (YoY)10.16%-3.90%-2.37%-0.51%6.02%-415 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.09%0.09%0.53%0.01%-9 bps
Net Charge-Offs / Loans0.15%0.16%0.14%0.16%0.13%-3 bps
Allowance / Loans1.16%1.13%1.12%1.13%1.11%-4 bps
Allowance Coverage of NPLs11.8x12.1x13.0x2.1x119.4x+107.5x
Capital
Tier 1 Leverage Ratio11.19%11.96%12.33%12.56%12.46%+127 bps
Total Risk-Based Capital11.19%11.96%12.33%12.56%12.46%+127 bps
Equity / Assets11.25%12.14%11.83%12.33%12.17%+92 bps
Liquidity & Funding
Loans / Deposits92.12%99.07%97.46%96.72%96.85%+473 bps
Liquid Assets / Assets9.71%7.17%8.22%8.20%8.18%-154 bps
CRE / Total Capitaln/a367%384%370%n/an/a