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Justin State Bank

Justin, TX · Cert 12308

FDIC · 2 branches

Q1 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2023, the quarter ended March 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

Justin State Bank

Justin, TX · Cert 12308

FDIC · 2 branches

Q1 2023

$252.3MAssets
$148.0MLoans
$216.4MDeposits
$33.4MEquity
Loan mix
67%RE $66.9M30%C&I $30.4M3%Consumer $2.9MQ1 2022Q1 2023
Deposit mix
80%Interest-bearing $173.1M20%Noninterest $43.3MQ1 2022Q1 2023

NIM

2.95%Q1 ’212.23%Q1 ’225.33%Q1 ’23-30%+83%

Non-interest income vs. expense

2.65%Q1 ’212.08%Q1 ’225.88%Q1 ’23+14%+187%

Market Position · Dallas-Fort Worth-Arlington, TX · 2022 SOD (annual) · 0.0% share · #92 of 169 inst. · $0.2B of $861.9B

0.0% Dallas
0.0% Denton

Executive Summary

  • Earnings: ROA of -2.46%, down 238 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (-28 bps YoY), with net charge-offs at 1.22%.
  • Capital: tier 1 leverage ratio of 11.17%, up 67 bps from a year ago.
  • Funding: loans stand at 68.39% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

-2.46%-238 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+164 bps YoY

Efficiency Ratio (YTD, annualized)

157.32%+5,916 bps YoY

Tier 1 Leverage Ratio

11.17%+67 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets-0.08%0.10%0.49%0.83%-2.46%-238 bps
Return on Equity-0.62%0.83%4.07%6.75%-18.35%-1,773 bps
Net Interest Margin1.97%2.14%2.46%2.89%3.61%+164 bps
Efficiency Ratio98.17%89.56%75.79%66.42%157.32%+5,916 bps
Non-Interest Burden2.01%1.98%1.91%1.96%5.75%+375 bps
Growth
Asset Growth (YoY)35.60%36.86%16.11%-4.03%-7.86%-4,346 bps
Loan Growth (YoY)24.22%7.03%6.29%20.16%-7.21%-3,144 bps
Deposit Growth (YoY)42.38%43.66%18.15%-5.90%-10.20%-5,258 bps
Asset Quality
Nonperforming Loans / Loans0.28%0.58%0.27%0.27%0.00%-28 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%1.22%+122 bps
Allowance / Loans1.02%1.06%1.02%1.07%1.09%+6 bps
Allowance Coverage of NPLs3.6x1.8x3.8x4.0xn/an/a
Capital
Tier 1 Leverage Ratio10.50%10.50%10.46%11.31%11.17%+67 bps
Total Risk-Based Capital15.17%16.20%15.68%16.39%16.26%+108 bps
Equity / Assets11.93%11.80%12.22%13.54%13.24%+131 bps
Liquidity & Funding
Loans / Deposits66.19%63.94%68.81%75.07%68.39%+220 bps
Liquid Assets / Assets39.02%41.01%37.05%24.74%37.94%-108 bps
CRE / Total Capitaln/an/an/an/an/an/an/a