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First State Bank

Spearman, TX · Cert 1218 · First State Bankshares Inc.

State charter, non-member · FDIC · 2 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

58

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

63

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

Spearman, TX · Cert 1218 · First State Bankshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$184.0MAssets
$147.2MLoans
$154.0MDeposits
$23.6MEquity
Loan mix
72%RE $77.3M25%C&I $26.8M3%Consumer $2.8MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $113.7M26%Noninterest $40.3MQ2 2025Q2 2026

NIM

6.54%Q2 ’246.55%Q2 ’256.24%Q2 ’26+3%+3%

Non-interest income vs. expense

2.61%Q2 ’242.61%Q2 ’252.61%Q2 ’26+0%+0%

Market Position · Amarillo, TX · 2026 SOD (annual) · 0.1% share · #18 of 21 inst. · $0.0B of $11.7B

31.9% Hansford
0.2% Potter

Executive Summary

  • Earnings: ROA of 1.36%, up 10 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 4.44% of loans (+390 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 12.57%, up 90 bps from a year ago.
  • Funding: loans stand at 95.59% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.36%+10 bps YoY

Net Interest Margin (YTD, annualized)

4.12%+12 bps YoY

Efficiency Ratio (YTD, annualized)

58.80%-162 bps YoY

Tier 1 Leverage Ratio

12.57%+90 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.26%1.32%1.34%1.30%1.36%+10 bps
Return on Equity10.87%11.34%11.27%10.59%10.94%+7 bps
Net Interest Margin3.99%4.22%4.32%4.29%4.12%+12 bps
Efficiency Ratio60.42%58.26%56.80%60.83%58.80%-162 bps
Non-Interest Burden2.28%2.32%2.31%2.47%2.29%0 bps
Growth
Asset Growth (YoY)-0.02%4.46%2.39%3.50%2.11%+212 bps
Loan Growth (YoY)-4.28%-4.73%-5.96%1.47%-1.29%+299 bps
Deposit Growth (YoY)-1.30%4.18%-3.38%-1.68%-2.33%-103 bps
Asset Quality
Nonperforming Loans / Loans0.55%0.39%0.24%2.42%4.44%+390 bps
Net Charge-Offs / Loans0.38%0.26%0.16%0.27%0.13%-24 bps
Allowance / Loans1.06%1.12%1.24%1.20%1.25%+19 bps
Allowance Coverage of NPLs1.9x2.9x5.1x0.5x0.3x-1.7x
Capital
Tier 1 Leverage Ratio11.67%12.36%12.84%12.65%12.57%+90 bps
Total Risk-Based Capital11.67%12.36%12.84%12.65%12.57%+90 bps
Equity / Assets11.88%11.90%12.57%12.04%12.80%+93 bps
Liquidity & Funding
Loans / Deposits94.58%92.89%97.73%91.81%95.59%+101 bps
Liquid Assets / Assets8.40%8.91%5.64%13.18%10.19%+178 bps
CRE / Total Capitaln/a183.82%172.37%194.28%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

Spearman, TX · Cert 1218 · Peer group: banks under $1B in assets in TX (n=208-211) · First State Bankshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$184.0MAssets
$147.2MLoans
$154.0MDeposits
$23.6MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 73% of banks under $1B in assets in TX (rank 58 of 211).
  • Widest gap: nonperforming loans / loans trails 99% of banks under $1B in assets in TX (rank 206 of 208).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.37%

Rank 77 of 211

Net Interest Margin

4.12%

Rank 72 of 211

Efficiency Ratio

58.80%

Rank 80 of 211

Equity / Assets

12.80%

Rank 58 of 211

Non-interest income vs. expense

$0.6M$4.9MINCOMEEXPENSE
Unfavorable gap of $4.3M · efficiency ratio beats 63% of banks under $1B in assets in TX
Bank 58.80%Peer median 64.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.37%0.87%1.20%1.65%Beats 64%77 / 211
Return on Equity10.70%7.52%11.67%14.58%Beats 44%118 / 211
Net Interest Margin4.12%3.28%3.82%4.31%Beats 66%72 / 211
Efficiency Ratio58.80%53.01%64.18%73.65%Beats 63%80 / 211
Asset Quality
Nonperforming Loans / Loans4.44%0.01%0.30%1.10%Beats 1%206 / 208
Net Charge-Offs / Loans0.08%0.00%0.01%0.06%Beats 22%163 / 208
Capital
Tier 1 Capital Ratio12.57%11.72%14.45%19.57%Beats 35%138 / 211
Total Risk-Based Capital Ratio12.57%11.94%14.78%20.30%Beats 35%138 / 211
Equity / Assets12.80%9.41%11.06%12.94%Beats 73%58 / 211
Liquidity & Funding
Loans / Deposits95.59%45.39%66.56%82.03%95th pctl11 / 208
Loans / Assets80.01%39.13%56.90%70.46%95th pctl11 / 211
Brokered Deposits / Depositsn/aNot reported for this institution