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Letter portraitLegal landscapeQuarterYTD

Security State Bank

Farwell, TX · Cert 11907

State charter, non-member · FDIC · 1 branch

Q2 2026

$338.0MAssets
$268.2MLoans
$288.3MDeposits
$48.5MEquity
Loan mix
62%RE $145.1M37%C&I $87.3M1%Consumer $2.4MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $246.7M14%Noninterest $41.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 2.24%, down 4 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.03% of loans (-7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.61%, up 91 bps from a year ago.
  • Funding: loans stand at 93.03% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.24%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.03%+19 bps YoY

Efficiency Ratio (YTD, annualized)

35.12%+205 bps YoY

Tier 1 Leverage Ratio

14.61%+91 bps YoY

NIM

6.91%Q2 ’246.34%Q2 ’256.24%Q2 ’26-5%+5%

Non-interest income vs. expense

1.49%Q2 ’241.55%Q2 ’251.74%Q2 ’26-10%+14%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.05%1.64%2.82%2.28%2.18%1.69%2.84%2.24%-4 bps
Return on Equity16.43%13.12%22.10%17.60%16.55%12.92%21.38%16.43%-117 bps
Net Interest Margin4.02%3.82%3.89%3.84%3.83%3.87%4.00%4.03%+19 bps
Efficiency Ratio31.57%42.05%28.54%33.07%33.90%47.01%30.17%35.12%+205 bps
Non-Interest Burden0.86%1.33%0.00%0.71%0.91%1.57%0.00%0.81%+10 bps
Growth
Asset Growth (YoY)5.34%3.80%13.14%18.25%12.76%10.66%6.79%4.87%-1,338 bps
Loan Growth (YoY)7.55%24.06%32.07%33.22%24.18%19.70%16.91%15.84%-1,738 bps
Deposit Growth (YoY)3.20%1.88%12.34%18.01%12.69%10.28%5.80%3.64%-1,437 bps
Asset Quality
Nonperforming Loans / Loans2.65%2.28%2.20%0.10%0.03%0.03%0.03%0.03%-7 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.91%0.62%0.42%0.00%0.00%-91 bps
Allowance / Loans1.25%1.23%1.23%0.86%0.87%0.87%0.94%1.04%+18 bps
Allowance Coverage of NPLs0.5x0.5x0.6x8.9x25.5x29.8x33.0x33.6x+24.7x
Capital
Tier 1 Leverage Ratio14.43%13.08%13.72%13.71%14.01%13.19%14.04%14.61%+91 bps
Total Risk-Based Capital14.43%13.08%13.72%13.71%14.01%13.19%14.04%14.61%+91 bps
Equity / Assets13.58%12.39%13.14%13.37%13.64%12.70%13.92%14.36%+98 bps
Liquidity & Funding
Loans / Deposits75.25%81.30%84.50%83.24%82.92%88.25%93.37%93.03%+980 bps
Liquid Assets / Assets19.77%16.68%13.13%10.88%7.33%12.83%7.44%7.33%-356 bps
CRE / Total Capitaln/an/an/an/a50.92%50.73%49.69%n/an/a