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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