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Farmers State Bank

Lincolnton, GA · Cert 879 · Lincoln Bancshares Inc.

State charter, non-member · FDIC · 3 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

83

Q2 2024Q2 2026peer median (50)

Asset Quality

43

Q2 2024Q2 2026peer median (50)

Profitability

90

Q2 2024Q2 2026peer median (50)

Liquidity

22

Q2 2024Q2 2026peer median

Efficiency

83

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

Farmers State Bank

Lincolnton, GA · Cert 879 · Lincoln Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$186.2MAssets
$89.2MLoans
$160.3MDeposits
$25.0MEquity
Loan mix
80%RE $68.2M9%C&I $7.7M11%Consumer $8.9MQ2 2025Q2 2026
Deposit mix
52%Interest-bearing $83.3M48%Noninterest $77.0MQ2 2025Q2 2026

NIM

5.82%Q2 ’245.82%Q2 ’255.59%Q2 ’26-2%-4%

Non-interest income vs. expense

3.46%Q2 ’243.02%Q2 ’253.03%Q2 ’26-10%-1%

Market Position · Augusta-Richmond County, GA-SC · 2026 SOD (annual) · 1.0% share · #16 of 25 inst. · $0.1B of $12.9B

69.0% Lincoln
12.0% Wilkes
4.9% McDuffie

Executive Summary

  • Earnings: ROA of 2.10%, down 9 bps year over year; NIM at 5.00%.
  • Asset quality: problem loans at 0.17% of loans (+3 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 15.44%, up 35 bps from a year ago.
  • Funding: loans stand at 55.63% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.10%-9 bps YoY

Net Interest Margin (YTD, annualized)

5.00%-19 bps YoY

Efficiency Ratio (YTD, annualized)

53.64%+155 bps YoY

Tier 1 Leverage Ratio

15.44%+35 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.19%2.25%2.28%1.94%2.10%-9 bps
Return on Equity18.67%18.47%18.42%14.64%15.76%-291 bps
Net Interest Margin5.19%5.28%5.23%5.01%5.00%-19 bps
Efficiency Ratio52.09%50.93%50.86%56.89%53.64%+155 bps
Non-Interest Burden2.41%2.37%2.34%2.57%2.38%-3 bps
Growth
Asset Growth (YoY)7.76%3.13%-0.47%-0.20%1.21%-655 bps
Loan Growth (YoY)4.65%2.08%5.71%3.30%4.75%+11 bps
Deposit Growth (YoY)8.90%3.44%-2.70%-1.74%-0.27%-917 bps
Asset Quality
Nonperforming Loans / Loans0.14%0.22%0.26%0.13%0.17%+3 bps
Net Charge-Offs / Loans0.14%0.12%0.13%0.16%0.15%+1 bps
Allowance / Loans1.79%1.79%1.74%1.75%1.65%-15 bps
Allowance Coverage of NPLs13.3x8.1x6.8x13.6x9.8x-3.5x
Capital
Tier 1 Leverage Ratio15.10%16.01%15.45%15.91%15.44%+35 bps
Total Risk-Based Capital33.84%34.85%33.12%35.07%32.91%-94 bps
Equity / Assets12.12%13.58%13.24%13.29%13.40%+128 bps
Liquidity & Funding
Loans / Deposits52.96%54.64%54.28%52.17%55.63%+267 bps
Liquid Assets / Assets25.84%23.58%23.39%27.38%23.10%-274 bps
CRE / Total Capitaln/a88.62%92.88%84.00%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

Farmers State Bank

Lincolnton, GA · Cert 879 · Peer group: banks under $1B in assets (n=581-629) · Lincoln Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$186.2MAssets
$89.2MLoans
$160.3MDeposits
$25.0MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 96% of banks under $1B in assets (rank 26 of 629).
  • Widest gap: net charge-offs / loans trails 81% of banks under $1B in assets (rank 469 of 581).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

2.10%

Rank 71 of 629

Net Interest Margin

5.00%

Rank 26 of 629

Efficiency Ratio

53.64%

Rank 108 of 629

Equity / Assets

13.40%

Rank 175 of 629

Non-interest income vs. expense

$1.2M$5.8MINCOMEEXPENSE
Unfavorable gap of $4.6M · efficiency ratio beats 83% of banks under $1B in assets
Bank 53.64%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.10%0.60%1.01%1.45%Beats 89%71 / 629
Return on Equity15.65%5.38%9.30%13.28%Beats 86%88 / 629
Net Interest Margin5.00%3.03%3.54%4.05%Beats 96%26 / 629
Efficiency Ratio53.64%58.35%67.79%79.08%Beats 83%108 / 629
Asset Quality
Nonperforming Loans / Loans0.17%0.09%0.46%1.20%Beats 67%190 / 581
Net Charge-Offs / Loans0.10%n/a0.01%0.06%Beats 19%469 / 581
Capital
Tier 1 Capital Ratio31.65%11.24%13.84%18.77%Beats 88%75 / 629
Total Risk-Based Capital Ratio32.91%11.58%14.43%19.66%Beats 88%75 / 629
Equity / Assets13.40%9.09%10.65%13.80%Beats 72%175 / 629
Liquidity & Funding
Loans / Deposits55.63%67.24%80.90%93.48%14th pctl510 / 594
Loans / Assets47.89%53.31%67.71%78.15%20th pctl506 / 629
Brokered Deposits / Depositsn/aNot reported for this institution