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First State Bank

Happy, TX · Cert 10359

FDIC · 61 branches

Q1 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2022, the quarter ended March 31, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

First State Bank

Happy, TX · Cert 10359

FDIC · 61 branches

Q1 2022

$6.7BAssets
$3.7BLoans
$6.1BDeposits
$568.0MEquity
Loan mix
72%RE $1.8B27%C&I $0.7B1%Consumer $0.0BQ1 2021Q1 2022
Deposit mix
65%Interest-bearing $3.9B35%Noninterest $2.1BQ1 2021Q1 2022

NIM

4.54%Q1 ’203.90%Q1 ’213.54%Q1 ’22-4%-10%

Non-interest income vs. expense

3.10%Q1 ’202.75%Q1 ’212.55%Q1 ’22-5%-9%

Market Position · Amarillo, TX · 2021 SOD (annual) · 20.2% share · #2 of 20 inst. · $2.1B of $10.2B

17.0% Potter
25.3% Randall
4.0% Lubbock
44.8% Hale

Executive Summary

  • Earnings: ROA of 1.14%, down 2 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.68% of loans (-57 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 8.07%, down 294 bps from a year ago.
  • Funding: loans stand at 60.29% of deposits as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

1.14%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.45%-36 bps YoY

Efficiency Ratio (YTD, annualized)

62.17%+72 bps YoY

Tier 1 Leverage Ratio

8.07%-294 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets1.15%1.77%1.59%1.59%1.14%-2 bps
Return on Equity9.09%13.84%12.43%13.17%12.50%+340 bps
Net Interest Margin3.81%3.55%3.50%3.39%3.45%-36 bps
Efficiency Ratio61.45%59.02%59.91%57.49%62.17%+72 bps
Non-Interest Burden2.05%1.77%1.78%1.63%1.87%-18 bps
Growth
Asset Growth (YoY)61.10%37.68%19.85%20.71%6.67%-5,442 bps
Loan Growth (YoY)30.66%15.06%-3.28%3.38%5.21%-2,545 bps
Deposit Growth (YoY)69.02%52.93%20.82%26.32%11.04%-5,798 bps
Asset Quality
Nonperforming Loans / Loans1.25%0.70%0.68%0.78%0.68%-57 bps
Net Charge-Offs / Loans0.21%0.12%0.10%0.08%-0.01%-22 bps
Allowance / Loans1.63%1.14%1.14%1.13%1.15%-48 bps
Allowance Coverage of NPLs1.3x1.6x1.7x1.4x1.7x+0.4x
Capital
Tier 1 Leverage Ratio11.01%10.71%10.85%7.97%8.07%-294 bps
Total Risk-Based Capital16.44%16.58%16.42%12.08%12.14%-430 bps
Equity / Assets11.94%12.94%12.74%9.75%8.42%-352 bps
Liquidity & Funding
Loans / Deposits63.63%64.83%64.34%60.56%60.29%-334 bps
Liquid Assets / Assets18.74%12.68%12.36%12.68%11.05%-769 bps
CRE / Total Capitaln/an/an/an/an/an/an/a