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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 $7.8MQ3 2024Q2 2026
Deposit mix
59%Interest-bearing $199.3M41%Noninterest $135.8MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.42%1.49%1.48%1.44%1.46%1.48%1.70%1.61%+17 bps
Return on Equity10.43%10.94%10.81%10.36%10.33%10.61%12.48%11.76%+140 bps
Net Interest Margin4.74%4.65%4.53%4.55%4.54%4.49%4.53%4.44%-12 bps
Efficiency Ratio60.41%59.32%62.74%64.03%63.76%62.86%56.34%57.52%-652 bps
Non-Interest Burden2.65%2.54%2.64%2.73%2.71%2.64%2.27%2.30%-43 bps
Growth
Asset Growth (YoY)-4.74%-0.99%1.80%2.92%4.93%10.92%5.65%7.41%+449 bps
Loan Growth (YoY)-3.98%2.98%-4.58%-4.92%1.74%9.71%14.45%8.82%+1,374 bps
Deposit Growth (YoY)-7.49%-1.97%0.95%1.94%4.87%11.11%5.77%8.56%+662 bps
Asset Quality
Nonperforming Loans / Loans1.32%0.46%0.75%0.51%0.32%0.68%0.49%0.59%+8 bps
Net Charge-Offs / Loans0.34%0.54%0.11%-0.01%0.01%0.01%0.00%-0.09%-8 bps
Allowance / Loans1.64%1.40%1.45%1.46%1.40%1.27%1.29%1.42%-4 bps
Allowance Coverage of NPLs1.2x3.1x1.9x2.9x4.3x1.9x2.6x2.4x-0.5x
Capital
Tier 1 Leverage Ratio15.48%14.60%14.81%14.93%15.09%14.66%14.66%14.41%-52 bps
Total Risk-Based Capital24.67%22.87%24.81%24.34%25.00%20.72%21.50%21.38%-297 bps
Equity / Assets14.70%13.52%13.83%14.36%14.66%13.39%13.88%13.77%-59 bps
Liquidity & Funding
Loans / Deposits72.71%70.81%66.35%68.81%70.54%69.91%71.80%68.97%+17 bps
Liquid Assets / Assets8.67%11.08%14.17%9.96%7.39%8.97%10.99%11.30%+134 bps
CRE / Total Capitaln/an/an/an/a135.18%142.58%145.54%n/an/a