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Farmers State Bank

Center, TX · Cert 13407 · Farmers Bancshares Inc.

State charter, non-member · FDIC · 6 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

79

Q2 2024Q2 2026peer median (50)

Asset Quality

57

Q2 2024Q2 2026peer median (50)

Profitability

68

Q2 2024Q2 2026peer median (50)

Liquidity

89

Q2 2024Q2 2026peer median

Efficiency

66

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

Farmers State Bank

Center, TX · Cert 13407 · Farmers Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$391.5MAssets
$231.1MLoans
$335.0MDeposits
$53.9MEquity
Loan mix
57%RE $129.4M39%C&I $88.5M3%Consumer $7.8MQ2 2025Q2 2026
Deposit mix
59%Interest-bearing $199.3M41%Noninterest $135.8MQ2 2025Q2 2026

NIM

5.55%Q2 ’245.73%Q2 ’255.47%Q2 ’26-1%-3%

Non-interest income vs. expense

3.11%Q2 ’243.25%Q2 ’252.89%Q2 ’26+5%-16%

Executive Summary

  • Earnings: ROA of 1.61%, up 17 bps year over year; NIM at 4.44%.
  • Asset quality: problem loans at 0.59% of loans (+8 bps YoY), with net recoveries of 0.09%.
  • Capital: tier 1 leverage ratio of 14.41%, down 52 bps from a year ago.
  • Funding: loans stand at 68.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.61%+17 bps YoY

Net Interest Margin (YTD, annualized)

4.44%-12 bps YoY

Efficiency Ratio (YTD, annualized)

57.52%-652 bps YoY

Tier 1 Leverage Ratio

14.41%-52 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.44%1.46%1.48%1.70%1.61%+17 bps
Return on Equity10.36%10.33%10.61%12.48%11.76%+140 bps
Net Interest Margin4.55%4.54%4.49%4.53%4.44%-12 bps
Efficiency Ratio64.03%63.76%62.86%56.34%57.52%-652 bps
Non-Interest Burden2.73%2.71%2.64%2.27%2.30%-43 bps
Growth
Asset Growth (YoY)2.92%4.93%10.92%5.65%7.41%+449 bps
Loan Growth (YoY)-4.92%1.74%9.71%14.45%8.82%+1,374 bps
Deposit Growth (YoY)1.94%4.87%11.11%5.77%8.56%+662 bps
Asset Quality
Nonperforming Loans / Loans0.51%0.32%0.68%0.49%0.59%+8 bps
Net Charge-Offs / Loans-0.01%0.01%0.01%0.00%-0.09%-8 bps
Allowance / Loans1.46%1.40%1.27%1.29%1.42%-4 bps
Allowance Coverage of NPLs2.9x4.3x1.9x2.6x2.4x-0.5x
Capital
Tier 1 Leverage Ratio14.93%15.09%14.66%14.66%14.41%-52 bps
Total Risk-Based Capital24.34%25.00%20.72%21.50%21.38%-297 bps
Equity / Assets14.36%14.66%13.39%13.88%13.77%-59 bps
Liquidity & Funding
Loans / Deposits68.81%70.54%69.91%71.80%68.97%+17 bps
Liquid Assets / Assets9.96%7.39%8.97%10.99%11.30%+134 bps
CRE / Total Capitaln/a135.18%142.58%145.54%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

Farmers State Bank

Center, TX · Cert 13407 · Peer group: banks under $1B in assets in TX (n=208-211) · Farmers Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$391.5MAssets
$231.1MLoans
$335.0MDeposits
$53.9MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 82% of banks under $1B in assets in TX (rank 38 of 211).
  • Widest gap: nonperforming loans / loans trails 64% of banks under $1B in assets in TX (rank 134 of 208).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.62%

Rank 55 of 211

Net Interest Margin

4.44%

Rank 43 of 211

Efficiency Ratio

57.52%

Rank 72 of 211

Equity / Assets

13.77%

Rank 38 of 211

Non-interest income vs. expense

$2.3M$11.2MINCOMEEXPENSE
Unfavorable gap of $8.9M · efficiency ratio beats 66% of banks under $1B in assets in TX
Bank 57.52%Peer median 64.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.62%0.87%1.20%1.65%Beats 74%55 / 211
Return on Equity11.79%7.52%11.67%14.58%Beats 51%104 / 211
Net Interest Margin4.44%3.28%3.82%4.31%Beats 80%43 / 211
Efficiency Ratio57.52%53.01%64.18%73.65%Beats 66%72 / 211
Asset Quality
Nonperforming Loans / Loans0.59%0.01%0.30%1.10%Beats 36%134 / 208
Net Charge-Offs / Loans0.00%0.00%0.01%0.06%Beats 78%46 / 208
Capital
Tier 1 Capital Ratio20.19%11.72%14.45%19.57%Beats 78%47 / 211
Total Risk-Based Capital Ratio21.38%11.94%14.78%20.30%Beats 78%47 / 211
Equity / Assets13.77%9.41%11.06%12.94%Beats 82%38 / 211
Liquidity & Funding
Loans / Deposits68.97%45.39%66.56%82.03%55th pctl93 / 208
Loans / Assets59.03%39.13%56.90%70.46%54th pctl97 / 211
Brokered Deposits / Depositsn/aNot reported for this institution