First Resource Bankcorp Inc · OTC:FRSB
First Resource Bankcorp — First Resource Bancorp — Shareholder Meeting (May 2026)
27 slides from First Resource Bankcorp's shareholder meeting presentation, May 7, 2026
Slide 1: Annual Shareholder's Meeting May 7, 2026
Annual Shareholder’s Meeting May 7, 2026
Slide 2: Cautionary Note Regarding Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This presentation contains forward-looking information about First Resource that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statemen
Slide 3: First Resource Bancorp, Inc. / First Resource Bank
First Resource Bancorp, Inc. Holding company of First Resource Bank Established in 2022 First Resource Bank • Community bank based in Southeastern Pennsylvania • $817 million in assets at 12/31/25 • Established in 2005 • Operates 3 branches, 2 in Chester County and 1 in Delaware County • Founder-led
Slide 4: Our Mission
Our Mission We’re on a mission to be the best. The bank that everyone loves – our customers, our employees, our shareholders, and our communities. When they do well, we do well. It’s that simple. Where Every Relationship Counts.
Slide 5: Mission Driven Success
Mission Driven Success • Relationship based banking with customized solutions and award-winning customer satisfaction • A culture that attracts, develops and retains top talent – driving consistent excellence • Disciplined growth and efficient capital management to maximize shareholder returns • Dee
Slide 6: Executive Management Team
Executive Management Team Years in Years Name Title Banking with FRB Lauren Ranalli Co-Founder, President & CEO 24 years 21 years Natalie Carrozza EVP & Chief Risk Officer 44 years 21 years Kristen Fries EVP & Chief Financial Officer 26 years 11 years Lee Herzer EVP & Chief Lending Officer 21 years
Slide 7: Southeastern PA Market
Southeastern PA Market Combined area creates a $15 billion deposit market triangle. One of Pennsylvania’s strongest community banking markets – affluent, diverse, growing, and highly competitive.
Slide 8: 2025 Highlights
2025 Highlights • Net income reached $8.2 million, a 54% increase over the prior year • Book value per share grew 17% • Total assets grew 23% • Return on average assets 1.17% • Return on average equity 14.99% • Issued $8 million in subordinated debt
Slide 9: Balance Sheet Growth
Balance Sheet Growth $900,000,000 $800,000,000 Total Assets CAGR 14.5% $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Assets Loans Deposits
Slide 10: Loan Growth (excluding PPP)
Loan Growth (excluding PPP) $800,000,000 30% 26% 13% $700,000,000 25% 13% $600,000,000 19% 16% 20% $500,000,000 15% $400,000,000 12% 13% 15% 9% $300,000,000 10% 10% $200,000,000 5% $100,000,000 $0 0% Total Loans % Growth
Slide 11: Fastest-Growing Banks by Real Estate Loans
PHILADELPHIA BUSINESS JOURNAL Ferrnt Revised: Jan 30, 2026, 10:40am EST Ranked by Year-over-year change (%) Locally Researched by: Todd Romero, Data Reporter These are Greater Philadelphia's fastest-growing banks by real estate Jan 29, 2026, 3:00pm EST First Resource Bancorp, Inc. TOTAL REAL ESTATE
Slide 12: Loan Portfolio Mix at 12/31/25
Loan Portfolio Mix at 12/31/25 Consumer Amounts C&I 3% Commercial 1-4 Categories (in thousands) 6% Family Commercial 1-4 Family Construction Residential $189,267 Residential 12% 28% CRE Non-Owner Occupied $132,773 CRE Owner Occupied $131,382 Multifamily Multifamily $84,441 12% Construction $78,877 C
Slide 13: CRE Concentration at 12/31/25
CRE Concentration at 12/31/25 Amounts % of Total (in thousands) % of Total RBC Portfolio Construction $78,877 112.7% 11.6% Multifamily $84,441 120.6% 12.4% CRE Non-Owner Occupied $132,773 189.7% 19.6% Total Commercial Real Estate (CRE) $296,091 423.0% 43.6% CRE Non-Owner Occupied: Retail $44,623 63.
Slide 14: Strong Asset Quality
Strong Asset Quality 2.50% 2.00% Consistent growth without compromising credit quality. 1.50% 1.00% 0.50% 0.00% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -0.50% Total non-performing assets/total assets Net charged-off loans/total loans
Slide 15: Deposit Growth
Deposit Growth $350,000,000 38.0% $300,000,000 33.0% $250,000,000 28.0% $200,000,000 23.0% $150,000,000 18.0% $100,000,000 13.0% $50,000,000 8.0% $0 3.0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Checking Money Market CD % Checking
Slide 16: 38 Fastest-Growing Banks in Greater Philadelphia
First Resource PHILADELPHIA Bancorp, Inc. BUSINESS JOURNAL These are the 38 fastest-growing banks in Greater Philadelphia Ranked by Year-over-year change (%) Locally Researched by: Todd Romero, Data Reporter Apr 16, 2026, 3:00pm EDT Revised: Apr 16, 2026, 3:20pm EDT TOTAL DEPOSITS PHILADELPHIA LOCAT
Slide 17: Net Interest Margin
Net Interest Margin 6.00% 4.15% 5.00% 3.95% 3.75% 4.00% 3.55% 3.00% 3.35% 2.00% 3.15% 1.00% 2.95% 2.75% 0.00% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 FRB NIM Peer Group NIM Average Fed Funds Effective Rate Note: Prior to 2019 Peer Group was PA Banks with Assets $100M to $300M; Peer Group f
Slide 18: Overhead Expense Control
Overhead Expense Control 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 FRB Overhead/Average Assets Peer Group Overhead/Average Assets Note: Prior to 2019 Peer Group was PA Banks with Assets $100M to $300M; Peer Group for 2019-25 is PA Banks with Assets $100M t
Slide 19: Net Income
Net Income $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net Income
Slide 20: 2025 PA Banks Performance
First Resource Bancorp, Inc. 2025 PA Banks Performance Non-Int | Non-Int i Asset Efficiency : Total Assets Income | Expense eet Quality Rank Rank Average of Rankings Company Name 1 Ps Bank Wyalusing 640,858 3 3 1 2__ First National Bank & Trust Com Newtown 1,142,322 55 32 5 25 3 American Bank Allent
Slide 21: 2025 Northeast Banks Ranking
2025 Northeast Banks Ranking
Slide 22: Capital
Capital • Quarterly cash dividend program implemented in February 2026 • Consistent book value per share growth: 17% in 2025 and 12% in 2024 • Redeemed $6 million in Subordinated Debt at the Bank and issued $8 million in Subordinated Debt at the Holding Company in December 2025 • Nine 5% stock divid
Slide 23: Book Value vs. Market Value
Book Value vs. Market Value $25.00 140% 120% $20.00 100% $15.00 80% 60% $10.00 40% $5.00 20% $0.00 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 3/31/2026 Book Value per Share Market Value Price/Book Ratio
Slide 24: Common Stock Performance
First Resource Common Stock Performance Bancorp, Inc. First Resource Bancorp, Inc. | STOCK CHART 60.00 250,000.00 45.00 200,000.00 & 30.00 150,000.00 rs H 5 = 2 é = 15.00 100,000.00 & 0.00 50,000.00 CC) tl Nc ik ee Se ee oi Det pi a ee 0000 May '25 Jun'25 Jul'25 Aug'25 Sep '25 Oct '25 Nov'25 Dec '25
Slide 25: Q1 2026 Results
Q1 2026 Results • Most profitable quarter in our history - $2.5 million • EPS grew 46% over prior year first quarter • Return on average equity 16.64% • Return on average assets 1.24% • Book value per share increased 4% to $20.30 • Paid first quarterly dividend of $0.02 per common share • Loans grew
Slide 26: 2026 and Beyond
2026 and Beyond • Continued organic growth supported by strong loan and deposit pipelines • Net interest margin supported by disciplined pricing and scheduled repricing of approximately 12% of the loan portfolio during 2026 • No planned physical branch expansion-focused on efficiency and market dens
Slide 27: Annual Shareholder's Meeting May 7, 2026
Annual Shareholder’s Meeting May 7, 2026
First Resource Bancorp — Shareholder Meeting (May 2026) on 6ix