First Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, First Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under U.S. GAAP, regulatory reporting requirements and regulatory capital standards. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, First Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements.

Quantitative measures established by regulatory capital standards to ensure capital adequacy require First Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined) to risk-weighted assets (as defined), common equity Tier I capital (as defined) to total risk-weighted assets (as defined) and of Tier I capital (as defined) to average assets (as defined). Management believes, as of December 31, 2025, that First Bank meets all capital adequacy requirements to which it is subject.

As of December 31, 2025, the most recent notification from the regulators categorized First Bank as well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well-capitalized, First Bank must maintain minimum total risk-based capital, Tier I risk-based capital, common equity Tier I risk-based capital and Tier I leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed First Bank’s category.


	Actual				Minimum for Capital Adequacy Purposes				Minimum to be Categorized as "Well-Capitalized" Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2025
Total capital (to risk-weighted assets)	$	186,532	14.6	%	$	101,960	8.0	%	$	127,451	10.0	%

Tier I capital (to risk-weighted assets)	170,591		13.4		76,470		6.0		101,960		8.0

Common Equity Tier I capital (to risk-weighted assets)	170,591		13.4		57,353		4.5		82,843		6.5

Tier I leverage capital (to average assets)	170,591		11.0		62,290		4.0		77,862		5.0

As of December 31, 2024
Total capital (to risk-weighted assets)	$	181,415	14.2	%	$	102,014	8.0	%	$	127,518	10.0	%

Tier I capital (to risk-weighted assets)	165,471		13.0		76,511		6.0		102,014		8.0

Common Equity Tier I capital (to risk-weighted assets)	165,471		13.0		57,383		4.5		82,887		6.5

Tier I leverage capital (to average assets)	165,471		10.7		61,579		4.0		76,974		5.0

The above minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions, including share repurchases, dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer was 2.50% of total risk weighted assets at both December 31, 2025 and December 31, 2024. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital.