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Peoples Bank, The

Sardis, TN · Cert 6110 · 1st Jackson Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 5 branches (12 in holding)

Q2 2026

$113.1MAssets
$75.9MLoans
$100.7MDeposits
$11.1MEquity
Loan mix
89%RE $63.2M7%C&I $4.9M4%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $77.2M23%Noninterest $23.5MQ2 2025Q2 2026

NIM

5.56%Q2 ’245.72%Q2 ’255.88%Q2 ’26+10%+8%

Non-interest income vs. expense

3.26%Q2 ’243.51%Q2 ’253.37%Q2 ’26+12%-6%

Market Position · Jackson, TN · 2026 SOD (annual) · 0.7% share · #16 of 23 inst. · $0.0B of $4.3B

5.5% Hardin
3.0% Henderson
5.8% Chester
4.0% Crockett

Executive Summary

  • Earnings: ROA of 0.85%, up 37 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 1.21% of loans (+102 bps YoY), with net charge-offs at 0.38%.
  • Capital: tier 1 leverage ratio of 10.62%, up 4 bps from a year ago.
  • Funding: loans stand at 75.40% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.85%+37 bps YoY

Net Interest Margin (quarter, annualized)

4.21%+32 bps YoY

Efficiency Ratio (quarter, annualized)

72.70%-960 bps YoY

Tier 1 Leverage Ratio

10.62%+4 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.48%0.48%0.54%0.53%0.85%+37 bps
Return on Equity5.24%5.09%5.55%5.50%8.81%+356 bps
Net Interest Margin3.89%3.82%3.74%3.76%4.21%+32 bps
Efficiency Ratio82.30%81.07%84.34%80.00%72.70%-960 bps
Non-Interest Burden3.16%3.04%3.11%2.96%2.97%-19 bps
Growth
Asset Growth (YoY)-2.97%0.48%-0.19%1.41%3.50%+646 bps
Loan Growth (YoY)-2.19%-8.00%-6.57%-6.72%1.31%+350 bps
Deposit Growth (YoY)-4.16%0.11%-1.09%1.03%3.30%+746 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.41%0.27%0.65%1.21%+102 bps
Net Charge-Offs / Loans0.04%0.00%0.63%0.03%0.38%+35 bps
Allowance / Loans0.90%0.98%0.85%0.86%0.75%-16 bps
Allowance Coverage of NPLs4.7x2.4x3.2x1.3x0.6x-4.1x
Capital
Tier 1 Leverage Ratio10.58%10.58%10.55%10.50%10.62%+4 bps
Total Risk-Based Capital10.58%10.58%10.55%10.50%10.62%+4 bps
Equity / Assets9.42%9.61%9.82%9.61%9.80%+38 bps
Liquidity & Funding
Loans / Deposits76.88%72.59%71.74%71.16%75.40%-148 bps
Liquid Assets / Assets1.49%0.53%0.54%0.53%0.54%-96 bps
CRE / Total Capitaln/a204%206%208%n/an/a