PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

7.22%Q2 ’247.01%Q2 ’256.70%Q2 ’26-2%+0%

Non-interest income vs. expense

4.00%Q2 ’244.02%Q2 ’254.38%Q2 ’26+1%+10%

Executive Summary

  • Earnings: ROA of 1.40%, down 33 bps year over year; NIM at 5.77%.
  • Asset quality: problem loans at 0.43% of loans (+35 bps YoY), with net recoveries of 1.26%.
  • 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 (quarter, annualized)

1.40%-33 bps YoY

Net Interest Margin (quarter, annualized)

5.77%+2 bps YoY

Efficiency Ratio (quarter, annualized)

70.12%+553 bps YoY

Tier 1 Leverage Ratio

10.91%+80 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.72%1.52%1.66%1.29%1.40%-33 bps
Return on Equity17.98%14.78%15.14%12.01%13.35%-463 bps
Net Interest Margin5.75%5.66%5.84%5.53%5.77%+2 bps
Efficiency Ratio64.59%68.82%66.48%72.47%70.12%+553 bps
Non-Interest Burden3.55%3.75%3.73%3.89%3.90%+35 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%0.53%-0.18%1.41%-1.26%-124 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