Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-34155 First Savings Financial Group, Inc. (Exact name of registrant as specified in its charter) Indiana 37-1567871 (S ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-34155 First Savings Financial Group, Inc. (Exact name of registrant as specified in its charter) Indiana 37-1567871 ( ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 FORM 10-Q (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-34155 First Savings Financial Group, Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 | Indiana | 37-15 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 1-34155 FIRST SAVINGS FINANCIAL GROUP, INC. (Exact name of registrant as specified in its ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-34155 First Savings Financial Group, Inc. (Exact name of registrant as specified in its charter) | Indiana | 37-156787 ...

[PART I - FINANCIAL INFORMATION](index=4&type=section&id=Part%20I%20Financial%20Information) This section presents the unaudited consolidated financial statements, management's discussion, market risk disclosures, and controls and procedures [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements, including balance sheets, income statements, comprehensive income statements, statements of changes in stockholders' equity, and cash flow statements, along with detailed notes providing context and breakdowns of various financial accounts and activities [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets%20as%20of%20March%2031%2C%202021%20and%20September%2030%2C%202020%20%28unaudited%29) This section presents the company's financial position, detailing assets, liabilities, and equity at specific reporting dates Consolidated Balance Sheets (in thousands) | Metric | March 31, 2021 (in thousands) | September 30, 2020 (in thousands) | Change (in thousands) | | :--------------------------------- | :----------------------------- | :-------------------------------- | :-------------------- | | Total Assets | $1,750,609 | $1,764,625 | $(14,016) | | Total Deposits | $1,095,496 | $1,048,076 | $47,420 | | Loans, net | $1,128,348 | $1,090,063 | $38,285 | | Total Liabilities | $1,577,569 | $1,607,060 | $(29,491) | | Total Equity | $173,040 | $157,565 | $15,475 | [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income%20for%20the%20three%20and%20six%20months%20ended%20March%2031%2C%202021%20and%202020%20%28unaudited%29) This section details the company's financial performance over specific periods, including net interest income, noninterest income, and net income per share Consolidated Statements of Income for Three Months Ended March 31 (in thousands) | Metric | Three Months Ended March 31, 2021 (in thousands) | Three Months Ended March 31, 2020 (in thousands) | Change (in thousands) | | :--------------------------------------- | :--------------------------------------------- | :--------------------------------------------- | :-------------------- | | Net Interest Income | $14,780 | $10,771 | $4,009 | | Total Noninterest Income | $38,973 | $11,133 | $27,840 | | Net Income (Loss) Attributable to FSFG | $10,487 | $(627) | $11,114 | | Basic Net Income (Loss) Per Share | $4.43 | $(0.27) | $4.70 | | Diluted Net Income (Loss) Per Share | $4.39 | $(0.26) | $4.65 | Consolidated Statements of Income for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | Change (in thousands) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | :-------------------- | | Net Interest Income | $28,519 | $21,557 | $6,962 | | Total Noninterest Income | $85,156 | $29,365 | $55,791 | | Net Income (Loss) Attributable to FSFG | $20,410 | $2,812 | $17,598 | | Basic Net Income (Loss) Per Share | $8.62 | $1.20 | $7.42 | | Diluted Net Income (Loss) Per Share | $8.55 | $1.18 | $7.37 | [Consolidated Statements of Comprehensive Income (Loss)](index=6&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29%20for%20the%20three%20and%20six%20months%20ended%20March%2031%2C%202021%20and%202020%20%28unaudited%29) This section presents the total comprehensive income, including net income and other comprehensive income (loss) components, for the specified periods Consolidated Statements of Comprehensive Income (Loss) for Three Months Ended March 31 (in thousands) | Metric | Three Months Ended March 31, 2021 (in thousands) | Three Months Ended March 31, 2020 (in thousands) | Change (in thousands) | | :------------------------------------------------- | :--------------------------------------------- | :--------------------------------------------- | :-------------------- | | Net Income (Loss) | $10,487 | $(1,102) | $11,589 | | Other Comprehensive Loss, Net of Tax | $(2,707) | $(6,240) | $3,533 | | Comprehensive Income (Loss) Attributable to FSFG | $7,780 | $(6,867) | $14,647 | Consolidated Statements of Comprehensive Income (Loss) for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | Change (in thousands) | | :------------------------------------------------- | :------------------------------------------- | :------------------------------------------- | :-------------------- | | Net Income (Loss) | $20,812 | $2,501 | $18,311 | | Other Comprehensive Loss, Net of Tax | $(2,027) | $(6,824) | $4,797 | | Comprehensive Income (Loss) Attributable to FSFG | $18,383 | $(4,012) | $22,395 | [Consolidated Statements of Changes in Stockholders' Equity](index=7&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity%20for%20the%20three%20and%20six%20months%20ended%20March%2031%2C%202021%20and%202020%20%28unaudited%29) This section outlines the changes in the company's equity components, including retained earnings and comprehensive income, over the reporting periods Consolidated Statements of Changes in Stockholders' Equity (in thousands) | Metric | March 31, 2021 (in thousands) | September 30, 2020 (in thousands) | | :--------------------------------------- | :----------------------------- | :-------------------------------- | | Total First Savings Financial Group, Inc. Stockholders' Equity | $173,040 | $157,565 | | Retained Earnings | $142,738 | $123,158 | | Accumulated Other Comprehensive Income | $9,182 | $11,209 | - For the six months ended March 31, 2021, key activities impacting equity included net income of **$20,410k**, acquisition of minority interests in Q2 of **$(2,583)k**, other comprehensive loss of **$(2,027)k**, and common stock dividends of **$(830)k**[16](index=16&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20for%20the%20six%20months%20ended%20March%2031%2C%202021%20and%202020%20%28unaudited%29) This section reports the cash inflows and outflows from operating, investing, and financing activities, showing the overall change in cash and cash equivalents Consolidated Statements of Cash Flows for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | Change (in thousands) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | :-------------------- | | Net Cash Provided By (Used In) Operating Activities | $72,614 | $(66,008) | $138,622 | | Net Cash Used In Investing Activities | $(52,969) | $(98,285) | $45,316 | | Net Cash Provided By (Used In) Financing Activities | $(22,534) | $145,464 | $(167,998) | | Net Decrease in Cash and Cash Equivalents | $(2,889) | $(18,829) | $15,940 | | Cash and Cash Equivalents at End of Period | $30,837 | $22,603 | $8,234 | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements%20%28unaudited%29) This section provides detailed explanations and breakdowns for the figures presented in the consolidated financial statements, offering crucial context and additional disclosures [Note 1. Presentation of Interim Information](index=10&type=section&id=1.%20Presentation%20of%20Interim%20Information) This note describes the company's structure and significant events, including the acquisition of a wholly-owned subsidiary - First Savings Financial Group, Inc. is a financial holding company with subsidiaries including First Savings Bank and First Savings Insurance Risk Management, Inc[20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) - On December 31, 2020, the Bank completed the acquisition of minority interests in Q2 Business Capital, LLC, making it a wholly-owned subsidiary. The acquisition involved **$3.1 million** consideration, reclassification of **$695k** noncontrolling interests, recognition of **$590k** net deferred tax assets, and a **$1.9 million** reduction in additional paid-in capital[23](index=23&type=chunk) [Note 2. Investment Securities](index=11&type=section&id=2.%20Investment%20Securities) This note details the company's investment securities, including fair value measurements and impairment assessment policies Investment Securities (in thousands) | Metric | March 31, 2021 (in thousands) | September 30, 2020 (in thousands) | | :----------------------------- | :----------------------------- | :-------------------------------- | | Securities Available for Sale (Fair Value) | $205,374 | $201,965 | | Securities Held to Maturity (Fair Value) | $2,219 | $2,385 | | Gross Unrealized Losses on Securities Available for Sale | $612 | $72 | - Management evaluates securities for other-than-temporary impairment quarterly, considering the duration of loss, issuer's financial condition, and the Company's intent and ability to hold the investment[33](index=33&type=chunk) - At March 31, 2021, no other-than-temporary impairment was recognized on privately-issued CMO and ABS portfolios, despite some being downgraded to substandard regulatory classification, based on independent third-party analysis of expected cash flows[35](index=35&type=chunk)[36](index=36&type=chunk) [Note 3. Loans and Allowance for Loan Losses](index=15&type=section&id=3.%20Loans%20and%20Allowance%20for%20Loan%20Losses) This note provides detailed information on the company's loan portfolio, allowance for loan losses, nonperforming loans, and troubled debt restructurings Loans and Allowance for Loan Losses (in thousands) | Metric | March 31, 2021 (in thousands) | September 30, 2020 (in thousands) | | :----------------------------- | :----------------------------- | :-------------------------------- | | Total Loans | $1,147,150 | $1,109,416 | | Allowance for Loan Losses (ALL) | $17,419 | $17,026 | | Nonperforming Loans (Total) | $11,406 | $13,615 | | Troubled Debt Restructurings (TDRs) (Total) | $7,997 | $9,863 | Provision for Loan Losses and Net Charge-Offs (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :----------------------------- | :------------------------------------------- | :------------------------------------------- | | Provision for Loan Losses | $955 | $2,210 | | Net Charge-Offs | $562 | $559 | - At March 31, 2021, loans totaling **$14.0 million** remained under payment extension or loan forbearance agreements due to COVID-19, including **$10.0 million** in commercial real estate and business loans, **$210k** in residential real estate and consumer loans, and **$3.8 million** in SBA loan relationships[66](index=66&type=chunk) Loan Servicing Rights (Fair Value, in thousands) | Metric | March 31, 2021 (in thousands) | March 31, 2020 (in thousands) | | :----------------------------- | :----------------------------- | :----------------------------- | | SBA Loan Servicing Rights (Fair Value) | $4,122 | $2,891 | | Mortgage Servicing Rights (Fair Value) | $45,245 | $4,055 | [Note 4. Deposits](index=33&type=section&id=4.%20Deposits) This note provides a breakdown of the company's deposit liabilities by type, showing changes over the reporting periods Deposits by Type (in thousands) | Deposit Type | March 31, 2021 (in thousands) | September 30, 2020 (in thousands) | Change (in thousands) | | :------------------------- | :----------------------------- | :-------------------------------- | :-------------------- | | Total Deposits | $1,095,496 | $1,048,076 | $47,420 | | Noninterest-bearing demand deposits | $284,742 | $242,673 | $42,069 | | NOW accounts | $259,897 | $218,581 | $41,316 | [Note 5. Supplemental Disclosure for Net Income Per Share](index=33&type=section&id=5.%20Supplemental%20Disclosure%20for%20Net%20Income%20Per%20Share) This note provides detailed calculations for basic and diluted net income per common share, including weighted average shares outstanding Net Income (Loss) Per Common Share for Three Months Ended March 31 | Metric | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--------------------------------------- | :-------------------------------- | :-------------------------------- | | Basic Net Income (Loss) Per Common Share | $4.43 | $(0.27) | | Diluted Net Income (Loss) Per Common Share | $4.39 | $(0.26) | Net Income (Loss) Per Common Share for Six Months Ended March 31 | Metric | Six Months Ended March 31, 2021 | Six Months Ended March 31, 2020 | | :--------------------------------------- | :------------------------------ | :------------------------------ | | Basic Net Income (Loss) Per Common Share | $8.62 | $1.20 | | Diluted Net Income (Loss) Per Common Share | $8.55 | $1.18 | - Weighted average common shares outstanding (basic) for the three months ended March 31, 2021, was **2,369,642**, and for the six months ended March 31, 2021, was **2,368,338**[76](index=76&type=chunk) [Note 6. Supplemental Disclosures of Cash Flow Information](index=34&type=section&id=6.%20Supplemental%20Disclosures%20of%20Cash%20Flow%20Information) This note provides additional details on cash payments for interest and income taxes, along with significant noncash investing and financing activities Cash Flow Information for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Cash payments for interest | $4,170 | $5,820 | | Cash payments for income taxes (net of refunds received) | $8,659 | $1,195 | - Noncash investing and financing activities for the six months ended March 31, 2021, included transfers from loans to other real estate owned of **$370k** and noncash exercise of stock options of **$48k**[79](index=79&type=chunk) [Note 7. Fair Value Measurements and Disclosures about Fair Value of Financial Instruments](index=34&type=section&id=7.%20Fair%20Value%20Measurements%20and%20Disclosures%20about%20Fair%20Value%20of%20Financial%20Instruments) This note explains the company's fair value measurement hierarchy and provides disclosures for financial instruments valued at fair value - The Company classifies fair value measurements into a three-level hierarchy: Level 1 (quoted prices in active markets), Level 2 (observable market data), and Level 3 (unobservable inputs)[81](index=81&type=chunk) Fair Value of Financial Instruments (in thousands) | Asset Type | March 31, 2021 (in thousands) | September 30, 2020 (in thousands) | | :--------------------------------------- | :----------------------------- | :-------------------------------- | | Total Securities Available for Sale (Level 2) | $205,374 | $201,965 | | Residential Mortgage Loans Held for Sale (Level 2) | $147,248 | $208,493 | | Residential Mortgage Servicing Rights (Level 3) | $45,245 | $21,703 | | Total Impaired Loans (Level 3) | $12,851 | $15,241 | | SBA Loans Held for Sale (Level 3) | $16,704 | $22,119 | - The fair value classification for SBA loans held for sale changed from Level 2 at September 30, 2020, to Level 3 at March 31, 2021, due to a change in valuation methodology from an independent third-party pricing firm to management's estimate based on prior quarter sales[89](index=89&type=chunk)[101](index=101&type=chunk) Gains (losses) from Fair Value Option for Residential Mortgage Loans Held for Sale (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Gains (losses) from fair value option for residential mortgage loans held for sale | $191 | $3,356 | [Note 8. Employee Stock Ownership Plan](index=44&type=section&id=8.%20Employee%20Stock%20Ownership%20Plan) This note describes the company's Employee Stock Ownership Plan, including its establishment, repayment status, and shares held - The Company established a leveraged Employee Stock Ownership Plan (ESOP) on October 6, 2008. The ESOP loan was fully repaid in 2015, and all shares have been allocated to participants[112](index=112&type=chunk) - No compensation expense was recognized for the three or six-month periods ended March 31, 2021, and 2020, related to the ESOP[112](index=112&type=chunk) - The ESOP trust held **117,914 shares** of Company common stock at March 31, 2021, and **119,654 shares** at September 30, 2020[112](index=112&type=chunk) [Note 9. Stock Based Compensation Plans](index=44&type=section&id=9.%20Stock%20Based%20Compensation%20Plans) This note details the company's equity incentive plans, including available shares, compensation expense, and unrecognized compensation for nonvested awards - The Company maintains two equity incentive plans (2010 and 2016 Plans) for granting stock options and restricted stock. As of March 31, 2021, **500 shares** were available for issuance under the 2016 Plan (**200 restricted stock**, **300 stock options**)[113](index=113&type=chunk) Stock Based Compensation Expense for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :----------------------------- | :------------------------------------------- | :------------------------------------------- | | Stock Option Compensation Expense | $46 | $42 | | Restricted Stock Compensation Expense | $95 | $96 | - At March 31, 2021, unrecognized compensation expense for nonvested stock options was **$158k** (expected over 2.99 years), and for nonvested restricted shares was **$245k** (expected over 2.19 years)[117](index=117&type=chunk)[120](index=120&type=chunk) [Note 10. Derivative Financial Instruments](index=46&type=section&id=10.%20Derivative%20Financial%20Instruments) This note describes the company's use of derivative financial instruments, their fair value accounting, and related income or loss - The Company uses interest rate lock commitments and forward mortgage loan sale commitments as derivative financial instruments, which are recorded at fair value with changes recognized in mortgage banking income[121](index=121&type=chunk) Derivative Financial Instruments Notional Amount (in thousands) | Derivative Type | Notional Amount March 31, 2021 (in thousands) | | :------------------------------ | :------------------------------------------ | | Interest rate lock commitments | $501,695 | | Forward mortgage loan sale contracts | $457,100 | | Total | $958,795 | Income (loss) related to Derivative Financial Instruments for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Income (loss) related to derivative financial instruments | $(3,061) | $(8,408) | - Cash collateral posted with derivative counterparties decreased from **$3.0 million** at September 30, 2020, to **$1.7 million** at March 31, 2021[122](index=122&type=chunk) [Note 11. Regulatory Capital](index=47&type=section&id=11.%20Regulatory%20Capital) This note outlines the company's compliance with federal regulatory capital requirements, including Basel III rules, and its 'well capitalized' status - The Bank is subject to federal regulatory capital requirements, including Basel III rules, and was categorized as 'well capitalized' as of March 31, 2021[126](index=126&type=chunk)[127](index=127&type=chunk)[128](index=128&type=chunk)[216](index=216&type=chunk) Bank Capital Ratios (March 31, 2021) | Capital Ratio | Bank Actual (March 31, 2021) | Minimum for Capital Adequacy | To Be Well Capitalized | | :--------------------------------------- | :--------------------------- | :--------------------------- | :--------------------- | | Total Capital (to risk-weighted assets) | 13.30% | 8.00% | 10.00% | | Tier 1 Capital (to risk-weighted assets) | 12.05% | 6.00% | 8.00% | | Common Equity Tier 1 Capital (to risk-weighted assets) | 12.05% | 4.50% | 6.50% | | Tier 1 Capital (to average adjusted total assets) | 10.22% | 4.00% | 5.00% | - The Company is not subject to the Federal Reserve Bank's consolidated capital requirements because it has less than $3 billion in total consolidated assets[130](index=130&type=chunk) [Note 12. Recent Accounting Pronouncements](index=50&type=section&id=12.%20Recent%20Accounting%20Pronouncements) This note discusses the impact and adoption status of recent accounting pronouncements, including CECL and fair value measurement disclosures - ASU 2016-13 (CECL) replaces the incurred loss methodology for credit losses. As a smaller reporting company, the Company does not intend to early adopt CECL; its effective date is for fiscal years beginning after December 15, 2022[132](index=132&type=chunk)[133](index=133&type=chunk) - The adoption of ASU 2018-13 (Fair Value Measurement disclosures) effective October 1, 2020, did not have a material impact on the Company's consolidated financial position or results of operations[134](index=134&type=chunk) [Note 13. Segment Reporting](index=51&type=section&id=13.%20Segment%20Reporting) This note provides financial information for the company's operating segments: core banking, SBA lending, and mortgage banking - The Company operates in three primary segments: core banking, SBA lending, and mortgage banking, each with distinct revenue sources[136](index=136&type=chunk) Segment Profit for Six Months Ended March 31 (in thousands) | Segment | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :---------------- | :------------------------------------------- | :------------------------------------------- | | Core Banking Profit | $5,989 | $5,391 | | SBA Lending Profit | $3,714 | $(553) | | Mortgage Banking Profit | $11,069 | $(2,309) | | Consolidated Profit | $20,812 | $2,501 | Segment Assets at March 31, 2021 (in thousands) | Segment | Segment Assets at March 31, 2021 (in thousands) | | :---------------- | :------------------------------------------ | | Core Banking | $1,489,670 | | SBA Lending | $257,566 | | Mortgage Banking | $246,144 | | Consolidated Total | $1,750,609 | [Note 14. Revenue from Contracts with Customers](index=54&type=section&id=14.%20Revenue%20from%20Contracts%20with%20Customers) This note details the company's revenue streams from customer contracts, primarily within the core banking segment, and their recognition policies - Substantially all revenue from contracts with customers is included in the core banking segment and recognized within noninterest income[144](index=144&type=chunk) Revenue from Contracts with Customers and Total Noninterest Income for Six Months Ended March 31 (in thousands) | Revenue Source | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :----------------------------- | :------------------------------------------- | :------------------------------------------- | | Revenue from contracts with customers | $2,423 | $2,144 | | Total Noninterest Income | $85,156 | $29,365 | - Key revenue streams include service charges on deposit accounts, ATM and interchange fees, investment advisory income, and other income, with specific recognition policies for each[144](index=144&type=chunk)[145](index=145&type=chunk)[146](index=146&type=chunk)[147](index=147&type=chunk) [Note 15. Leases](index=55&type=section&id=15.%20Leases) This note outlines the company's adoption of ASC 842, detailing right-of-use assets, lease liabilities, and related lease expenses - The Company adopted FASB ASC 842 on October 1, 2019, recognizing operating lease right-of-use (ROU) assets and corresponding lease liabilities on the consolidated balance sheet[149](index=149&type=chunk) Right of Use (ROU) Asset and Lease Liability (in thousands) | Metric | March 31, 2021 (in thousands) | September 30, 2020 (in thousands) | | :----------------------------- | :----------------------------- | :-------------------------------- | | Right of Use (ROU) Asset | $7,500 | $7,900 | | Lease Liability | $7,600 | $8,000 | Lease Expense for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :----------------------------- | :------------------------------------------- | :------------------------------------------- | | Lease Expense | $1,046 | $900 | - At March 31, 2021, the weighted-average remaining lease term was **18.7 years**, and the weighted-average discount rate was **2.27%**[155](index=155&type=chunk) [Note 16. Mortgage Banking Income](index=57&type=section&id=16.%20Mortgage%20Banking%20Income) This note provides a detailed breakdown of the company's mortgage banking income, including origination, sales, servicing rights, and fair value changes Mortgage Banking Income for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Total Mortgage Banking Income | $74,698 | $24,334 | | Origination and sale of mortgage loans | $62,103 | $28,989 | | Capitalized residential mortgage loan servicing rights | $27,483 | $4,185 | | Net change in fair value of loans held for sale and interest rate lock commitments | $(21,987) | $3,272 | | Realized and unrealized hedging gains (losses) | $11,614 | $(10,817) | [Note 17. Loss Contingency](index=57&type=section&id=17.%20Loss%20Contingency) This note discloses a class action lawsuit against the Bank concerning insufficient funds fees, for which no loss contingency has been accrued - The Bank received notice of a class action lawsuit on March 23, 2021, regarding its policy and practice of assessing customer fees related to insufficient funds (NSF items)[157](index=157&type=chunk) - The Company has not accrued a loss contingency for this pending litigation as a probable loss has not been determined, nor can a potential loss amount be reasonably estimated[157](index=157&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=59&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on the Company's financial performance and condition, including the impact of the COVID-19 pandemic, a comparison of financial condition at March 31, 2021, and September 30, 2020, and a detailed analysis of results of operations for the three and six months ended March 31, 2021, and 2020 - The Company implemented various procedures in response to the COVID-19 pandemic, including updated branch operating procedures, encouraging alternative banking channels, and assisting customers with payment extensions or loan forbearance agreements[163](index=163&type=chunk)[166](index=166&type=chunk) - At March 31, 2021, the outstanding principal balance of Paycheck Protection Program (PPP) loans was **$159.3 million**, with **$2.1 million** in net deferred loan fees[167](index=167&type=chunk) - As of April 19, 2021, **12 loans** totaling **$13.5 million** were under payment extensions or loan forbearance agreements due to COVID-19 related hardships[165](index=165&type=chunk)[166](index=166&type=chunk) Key Financial Metrics for Six Months Ended March 31 (in thousands) | Metric | Six Months Ended March 31, 2021 (in thousands) | Six Months Ended March 31, 2020 (in thousands) | Change (in thousands) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | :-------------------- | | Net Income | $20,410 | $2,812 | $17,598 | | Net Interest Income | $28,519 | $21,557 | $6,962 | | Noninterest Income | $85,156 | $29,365 | $55,791 | | Noninterest Expense | $83,686 | $46,347 | $37,339 | - The Bank was considered 'well-capitalized' at March 31, 2021, with all capital ratios exceeding regulatory requirements[216](index=216&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=75&type=section&id=Item%203.%2E%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section addresses the Company's exposure to market risk, primarily interest rate risk, and outlines its strategies for management. It includes a quantitative analysis using a Net Interest Income at Risk simulation to project the impact of hypothetical interest rate changes on net interest income over a one-year horizon - The Company's primary market risk is interest rate risk, which affects the fair value of assets, liabilities, and derivative financial instruments, as well as net income[222](index=222&type=chunk) - Strategies to reduce interest rate exposure include managing asset and liability maturities, emphasizing the origination of short-term loans, generally selling fixed-rate residential mortgage loans in the secondary market, and relying on stable retail deposits[223](index=223&type=chunk) - The Company does not engage in hedging activities (other than forward mortgage loan sale contracts) or purchase high-risk derivative instruments, and is not subject to foreign currency exchange rate risk or commodity price risk[224](index=224&type=chunk) Net Interest Income at Risk Simulation (in thousands) | Immediate Change in Interest Rates | One Year Horizon Dollar Change (in thousands) | One Year Horizon Percent Change | | :--------------------------------- | :------------------------------------------ | :------------------------------ | | +300bp | $(3,160) | (6.92)% | | +200bp | $(1,304) | (2.86)% | | +100bp | $342 | 0.75% | | (100)bp | $(1,401) | (3.07)% | | (200)bp | $(2,078) | (4.55)% | - All estimated changes in net interest income from interest rate simulations are within the policy guidelines approved by the Company's Board of Directors[229](index=229&type=chunk) [Item 4. Controls and Procedures](index=77&type=section&id=Item%204.%20Controls%20and%20Procedures) This section confirms the evaluation of the Company's disclosure controls and procedures, concluding their effectiveness as of March 31, 2021. It also states that no material changes to internal controls over financial reporting occurred during the quarter - The Company's Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of disclosure controls and procedures as of March 31, 2021, and concluded they were effective[232](index=232&type=chunk) - No material changes in internal controls over financial reporting occurred during the quarter ended March 31, 2021[233](index=233&type=chunk) [PART II - OTHER INFORMATION](index=78&type=section&id=Part%20II%20Other%20Information) This section covers legal proceedings, risk factors, equity sales, defaults, mine safety, and other disclosures [Item 1. Legal Proceedings](index=78&type=section&id=Item%201.%20Legal%20Proceedings) This section states that the Company is not a party to any material legal proceedings. However, it discloses a class action lawsuit against the Bank regarding customer fees for insufficient funds (NSF items), for which no loss contingency has been accrued - The Company is not a party to any legal proceedings that it believes would have a material adverse effect on its financial condition or results of operations[236](index=236&type=chunk) - The Bank received notice of a class action lawsuit on March 23, 2021, regarding its policy and practice of assessing customer fees related to insufficient funds (NSF items)[236](index=236&type=chunk) - No loss contingency has been accrued for the NSF lawsuit as a probable loss has not been determined and cannot be reasonably estimated[236](index=236&type=chunk) [Item 1A. Risk Factors](index=78&type=section&id=Item%201A.%20Risk%20Factors) This section refers readers to the risk factors discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2020, and confirms that no material changes to those risk factors have occurred in this report - There have been no material changes to the risk factors described in the Company's Annual Report on Form 10-K for the year ended September 30, 2020[237](index=237&type=chunk) - Readers should carefully consider the factors discussed in the Annual Report on Form 10-K, as well as additional risks and uncertainties not currently known or deemed immaterial[237](index=237&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=78&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section reports that there was no stock repurchase activity during the quarter ended March 31, 2021, under the Company's authorized stock repurchase program - No shares were purchased under the Company's stock repurchase program during the quarter ended March 31, 2021[238](index=238&type=chunk) - As of March 31, 2021, **43,405 shares** remain available for repurchase under the program authorized on November 16, 2012[238](index=238&type=chunk) [Item 3. Defaults Upon Senior Securities](index=78&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This section states that the item is not applicable to the Company - This item is not applicable[239](index=239&type=chunk) [Item 4. Mine Safety Disclosures](index=78&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section states that the item is not applicable to the Company - This item is not applicable[240](index=240&type=chunk) [Item 5. Other Information](index=80&type=section&id=Item%205.%20Other%20Information) This section indicates that there is no other information to report under this item - No other information is reported under this item[242](index=242&type=chunk) [Item 6. Exhibits](index=80&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including various certifications and the XBRL-formatted financial statements - Exhibits include Rule 13a-14(a)/15d-14(a) Certifications of the Chief Executive Officer and Chief Financial Officer, and Section 1350 Certifications of the Chief Executive Officer and Chief Financial Officer[245](index=245&type=chunk) - The Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Statement of Changes in Stockholders' Equity, Consolidated Statements of Cash Flows, and related notes are provided in XBRL (Extensible Business Reporting Language) format[245](index=245&type=chunk) [SIGNATURES](index=81&type=section&id=Signatures) This section contains the official signatures of the registrant's authorized officers, certifying the due filing of the report [Signatures](index=81&type=section&id=Signatures) This section contains the official signatures of the registrant's authorized officers, certifying the due filing of the report - The report was signed by Larry W. Myers, President and Chief Executive Officer, and Anthony A. Schoen, Chief Financial Officer, on May 12, 2021[247](index=247&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-34155 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 1-812 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 1-34155 FIRST SAVINGS FINANCIAL GROUP, INC. (Exact name of registrant as specified in its ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-34155 First Savings Financial Group, Inc. (Exact name of registrant as specified in its charter) Indiana 37-1567871 (S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________________to__________________ Commission File No. 1-34155 First Savings Financial Group, Inc. (Exact name of registrant as specified in its charter) ...