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First State Bank

Valliant, OK · Cert 12757 · FSB Financial Corp.

State charter, non-member · FDIC · 3 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 OK3

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 OK (n=88 to 89). 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

67

Q2 2024Q2 2026peer median (50)

Asset Quality

42

Q2 2024Q2 2026peer median (50)

Profitability

70

Q2 2024Q2 2026peer median (50)

Liquidity

86

Q2 2024Q2 2026peer median

Efficiency

25

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

Valliant, OK · Cert 12757 · FSB Financial Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$100.3MAssets
$66.6MLoans
$88.9MDeposits
$10.7MEquity
Loan mix
69%RE $41.7M16%C&I $9.8M14%Consumer $8.6MQ2 2025Q2 2026
Deposit mix
61%Interest-bearing $53.9M39%Noninterest $34.9MQ2 2025Q2 2026

NIM

7.04%Q2 ’246.95%Q2 ’256.71%Q2 ’26-1%+0%

Non-interest income vs. expense

4.06%Q2 ’244.22%Q2 ’254.40%Q2 ’26+6%+5%

Executive Summary

  • Earnings: ROA of 1.34%, down 19 bps year over year; NIM at 5.71%.
  • Asset quality: problem loans at 0.43% of loans (+35 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 10.91%, up 80 bps from a year ago.
  • Funding: loans stand at 74.90% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.34%-19 bps YoY

Net Interest Margin (YTD, annualized)

5.71%+2 bps YoY

Efficiency Ratio (YTD, annualized)

71.28%+263 bps YoY

Tier 1 Leverage Ratio

10.91%+80 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.53%1.53%1.57%1.29%1.34%-19 bps
Return on Equity15.43%15.11%15.15%12.01%12.56%-287 bps
Net Interest Margin5.69%5.65%5.78%5.53%5.71%+2 bps
Efficiency Ratio68.65%68.71%68.14%72.47%71.28%+263 bps
Non-Interest Burden3.76%3.74%3.79%3.89%3.93%+17 bps
Growth
Asset Growth (YoY)5.33%-1.17%4.60%-0.40%-1.62%-695 bps
Loan Growth (YoY)-4.77%-2.61%-0.89%-4.17%-1.40%+337 bps
Deposit Growth (YoY)5.31%-1.93%0.69%-2.74%-2.54%-786 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.13%0.08%0.45%0.43%+35 bps
Net Charge-Offs / Loans-0.02%0.16%0.07%1.41%0.09%+11 bps
Allowance / Loans1.45%1.31%1.33%1.01%1.34%-11 bps
Allowance Coverage of NPLs16.6x10.2x17.4x2.2x3.1x-13.5x
Capital
Tier 1 Leverage Ratio10.12%10.38%11.10%10.26%10.91%+80 bps
Total Risk-Based Capital17.28%17.76%18.10%16.81%17.65%+37 bps
Equity / Assets9.78%10.87%11.09%10.31%10.63%+85 bps
Liquidity & Funding
Loans / Deposits74.03%77.55%79.94%76.08%74.90%+87 bps
Liquid Assets / Assets5.10%3.73%2.83%4.33%5.04%-7 bps
CRE / Total Capitaln/a138.60%138.82%137.40%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

Valliant, OK · Cert 12757 · Peer group: banks under $1B in assets in OK (n=88-89) · FSB Financial Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$100.3MAssets
$66.6MLoans
$88.9MDeposits
$10.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 97% of banks under $1B in assets in OK (rank 3 of 89).
  • Widest gap: net charge-offs / loans trails 84% of banks under $1B in assets in OK (rank 75 of 88).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.35%

Rank 39 of 89

Net Interest Margin

5.71%

Rank 3 of 89

Efficiency Ratio

71.28%

Rank 68 of 89

Equity / Assets

10.63%

Rank 48 of 89

Non-interest income vs. expense

$0.5M$4.3MINCOMEEXPENSE
Unfavorable gap of $3.9M · efficiency ratio beats 25% of banks under $1B in assets in OK
Bank 71.28%Peer median 61.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.35%0.85%1.26%1.60%Beats 56%39 / 89
Return on Equity12.70%7.40%11.89%14.65%Beats 56%39 / 89
Net Interest Margin5.71%3.46%3.93%4.45%Beats 97%3 / 89
Efficiency Ratio71.28%54.70%60.95%71.14%Beats 25%68 / 89
Asset Quality
Nonperforming Loans / Loans0.43%0.30%0.82%2.25%Beats 67%30 / 88
Net Charge-Offs / Loans0.44%0.00%0.03%0.20%Beats 16%75 / 88
Capital
Tier 1 Capital Ratio16.40%10.89%13.00%16.33%Beats 75%22 / 89
Total Risk-Based Capital Ratio17.65%11.20%13.06%16.33%Beats 81%17 / 89
Equity / Assets10.63%9.26%10.94%13.52%Beats 46%48 / 89
Liquidity & Funding
Loans / Deposits74.90%61.51%72.27%84.01%55th pctl40 / 88
Loans / Assets66.39%52.51%63.15%71.27%56th pctl39 / 89
Brokered Deposits / Depositsn/aNot reported for this institution