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First State Bank, The

Abernathy, TX · Cert 11175 · Turner 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 assets in TX3

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 in TX (n=208 to 211). 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

67

Q2 2024Q2 2026peer median (50)

Asset Quality

26

Q2 2024Q2 2026peer median (50)

Profitability

80

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

37

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

First State Bank, The

Abernathy, TX · Cert 11175 · Turner Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$121.4MAssets
$88.3MLoans
$96.4MDeposits
$16.4MEquity
Loan mix
61%RE $30.8M31%C&I $16.0M8%Consumer $4.0MQ2 2025Q2 2026
Deposit mix
57%Interest-bearing $54.6M43%Noninterest $41.9MQ2 2025Q2 2026

NIM

8.95%Q2 ’248.05%Q2 ’258.07%Q2 ’26-11%+10%

Non-interest income vs. expense

5.30%Q2 ’244.62%Q2 ’255.11%Q2 ’26-3%+7%

Market Position · Abilene, TX · 2026 SOD (annual) · 0.7% share · #15 of 18 inst. · $0.0B of $5.5B

23.2% Jones
4.1% Hale
13.8% Haskell

Executive Summary

  • Earnings: ROA of 1.70%, down 5 bps year over year; NIM at 6.66%.
  • Asset quality: problem loans at 2.13% of loans (+172 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 13.46%, up 63 bps from a year ago.
  • Funding: loans stand at 91.51% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.70%-5 bps YoY

Net Interest Margin (YTD, annualized)

6.66%+60 bps YoY

Efficiency Ratio (YTD, annualized)

67.77%-79 bps YoY

Tier 1 Leverage Ratio

13.46%+63 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.75%1.87%2.08%1.26%1.70%-5 bps
Return on Equity14.24%15.10%16.71%9.87%13.04%-119 bps
Net Interest Margin6.05%6.10%6.11%6.19%6.66%+60 bps
Efficiency Ratio68.56%66.80%63.80%71.15%67.77%-79 bps
Non-Interest Burden3.91%3.84%3.49%4.18%4.20%+29 bps
Growth
Asset Growth (YoY)17.34%12.83%12.93%5.37%4.37%-1,297 bps
Loan Growth (YoY)28.38%19.67%16.04%8.38%8.44%-1,994 bps
Deposit Growth (YoY)8.53%27.49%27.91%24.02%24.68%+1,615 bps
Asset Quality
Nonperforming Loans / Loans0.41%4.81%1.25%1.63%2.13%+172 bps
Net Charge-Offs / Loans-0.15%-0.07%0.25%-0.05%-0.06%+9 bps
Allowance / Loans1.33%1.30%1.04%1.23%1.26%-7 bps
Allowance Coverage of NPLs3.2x0.3x0.8x0.8x0.6x-2.6x
Capital
Tier 1 Leverage Ratio12.83%12.66%12.95%12.49%13.46%+63 bps
Total Risk-Based Capital17.26%16.74%16.93%16.66%16.92%-34 bps
Equity / Assets12.72%12.70%12.63%12.97%13.54%+82 bps
Liquidity & Funding
Loans / Deposits105.22%94.97%90.97%89.49%91.51%-1,371 bps
Liquid Assets / Assets0.18%2.40%4.60%3.58%0.68%+50 bps
CRE / Total Capitaln/a159.90%157.66%147.80%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

First State Bank, The

Abernathy, TX · Cert 11175 · Peer group: banks under $1B in assets in TX (n=208-211) · Turner Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$121.4MAssets
$88.3MLoans
$96.4MDeposits
$16.4MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 99% of banks under $1B in assets in TX (rank 2 of 211).
  • Widest gap: nonperforming loans / loans trails 87% of banks under $1B in assets in TX (rank 182 of 208).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.74%

Rank 42 of 211

Net Interest Margin

6.66%

Rank 2 of 211

Efficiency Ratio

67.77%

Rank 133 of 211

Equity / Assets

13.54%

Rank 45 of 211

Non-interest income vs. expense

$1.1M$6.2MINCOMEEXPENSE
Unfavorable gap of $5.1M · efficiency ratio beats 37% of banks under $1B in assets in TX
Bank 67.77%Peer median 64.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.74%0.87%1.20%1.65%Beats 80%42 / 211
Return on Equity12.86%7.52%11.67%14.58%Beats 62%80 / 211
Net Interest Margin6.66%3.28%3.82%4.31%Beats 99%2 / 211
Efficiency Ratio67.77%53.01%64.18%73.65%Beats 37%133 / 211
Asset Quality
Nonperforming Loans / Loans2.13%0.01%0.30%1.10%Beats 13%182 / 208
Net Charge-Offs / Loans0.03%0.00%0.01%0.06%Beats 39%127 / 208
Capital
Tier 1 Capital Ratio15.85%11.72%14.45%19.57%Beats 59%87 / 211
Total Risk-Based Capital Ratio16.92%11.94%14.78%20.30%Beats 63%79 / 211
Equity / Assets13.54%9.41%11.06%12.94%Beats 79%45 / 211
Liquidity & Funding
Loans / Deposits91.51%45.39%66.56%82.03%91st pctl18 / 208
Loans / Assets72.70%39.13%56.90%70.46%81st pctl41 / 211
Brokered Deposits / Depositsn/aNot reported for this institution