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First State Bank of Ben Wheeler, Texas

Ben Wheeler, TX · Cert 11904

State charter, non-member · FDIC · 4 branches

Q2 2026

$185.1MAssets
$67.1MLoans
$156.1MDeposits
$28.8MEquity
Loan mix
78%RE $49.9M15%C&I $9.3M7%Consumer $4.5MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $114.8M26%Noninterest $41.3MQ2 2025Q2 2026

NIM

3.67%Q2 ’244.04%Q2 ’254.33%Q2 ’26+16%+9%

Non-interest income vs. expense

2.31%Q2 ’242.60%Q2 ’252.51%Q2 ’26+20%-10%

Executive Summary

  • Earnings: ROA of 1.11%, up 34 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.07% of loans (+7 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 15.66%, up 59 bps from a year ago.
  • Funding: loans stand at 42.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.11%+34 bps YoY

Net Interest Margin (quarter, annualized)

3.16%+26 bps YoY

Efficiency Ratio (quarter, annualized)

63.82%-878 bps YoY

Tier 1 Leverage Ratio

15.66%+59 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%1.02%0.65%1.26%1.11%+34 bps
Return on Equity5.17%6.65%4.25%8.33%7.20%+203 bps
Net Interest Margin2.90%2.97%2.97%3.04%3.16%+26 bps
Efficiency Ratio72.60%64.61%73.79%53.66%63.82%-878 bps
Non-Interest Burden1.92%1.67%1.99%1.26%1.73%-19 bps
Growth
Asset Growth (YoY)-3.55%-2.35%-0.96%0.66%1.90%+545 bps
Loan Growth (YoY)-1.39%-1.45%-0.10%-2.79%-2.41%-102 bps
Deposit Growth (YoY)-4.68%-3.37%-1.70%0.11%1.47%+615 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.01%0.05%0.07%+7 bps
Net Charge-Offs / Loans0.00%-0.09%0.00%-0.01%-0.07%-7 bps
Allowance / Loans1.49%1.51%1.51%1.54%1.57%+8 bps
Allowance Coverage of NPLsn/an/a149.0x33.7x22.0xn/a
Capital
Tier 1 Leverage Ratio15.07%15.52%15.06%15.30%15.66%+59 bps
Total Risk-Based Capital15.07%15.52%15.06%15.30%15.66%+59 bps
Equity / Assets15.23%15.49%15.04%15.17%15.58%+36 bps
Liquidity & Funding
Loans / Deposits44.68%45.03%44.28%42.65%42.97%-171 bps
Liquid Assets / Assets56.45%55.06%53.96%55.89%55.64%-81 bps
CRE / Total Capitaln/a40.51%45.13%44.48%n/an/a