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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