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First State Bank

Gainesville, TX · Cert 15511 · Red River Bcorp Inc.

State charter, Fed member · FED · 14 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

17

Q2 2024Q2 2026peer median (50)

Profitability

34

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

12

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

Gainesville, TX · Cert 15511 · Red River Bcorp Inc.

State charter, Fed member · FED · 14 branches

Q2 2026

$1.9BAssets
$955.7MLoans
$1.7BDeposits
$154.7MEquity
Loan mix
85%RE $773.5M13%C&I $119.9M2%Consumer $19.2MQ3 2024Q2 2026
Deposit mix
64%Interest-bearing $1.1B36%Noninterest $0.6BQ3 2024Q2 2026

Market Position · Dallas-Fort Worth-Arlington, TX · 2026 SOD (annual) · 0.1% share · #84 of 166 inst. · $0.4B of $732.8B

65.9% Cooke
0.1% Denton
4.8% Grayson
8.7% Wise

Executive Summary

  • Earnings: ROA of 0.80%, down 118 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.94% of loans (-64 bps YoY), with net charge-offs at 0.41%.
  • Capital: tier 1 leverage ratio of 9.61%, up 4 bps from a year ago.
  • Funding: loans stand at 57.55% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.80%-118 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+65 bps YoY

Efficiency Ratio (YTD, annualized)

76.09%+2,226 bps YoY

Tier 1 Leverage Ratio

9.61%+4 bps YoY

NIM

4.29%Q2 ’244.42%Q2 ’254.86%Q2 ’26+15%+22%

Non-interest income vs. expense

2.83%Q2 ’243.14%Q2 ’253.39%Q2 ’26-90%+1011%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.42%0.16%0.50%1.98%1.29%1.18%0.73%0.80%-118 bps
Return on Equity7.19%2.75%8.07%30.07%18.53%16.25%8.70%9.52%-2,054 bps
Net Interest Margin2.63%2.68%2.86%2.94%3.07%3.19%3.56%3.60%+65 bps
Efficiency Ratio86.74%87.26%83.47%53.82%57.98%62.37%76.37%76.09%+2,226 bps
Non-Interest Burden2.18%2.24%2.25%0.23%0.82%1.27%2.51%2.51%+228 bps
Growth
Asset Growth (YoY)1.48%0.54%-0.96%3.57%5.33%3.32%2.62%2.18%-139 bps
Loan Growth (YoY)5.70%6.80%5.01%7.21%11.18%7.14%3.94%0.70%-650 bps
Deposit Growth (YoY)0.71%6.74%4.15%7.30%6.57%-1.31%-1.27%1.16%-614 bps
Asset Quality
Nonperforming Loans / Loans0.46%0.46%0.78%1.58%0.52%0.89%0.12%0.94%-64 bps
Net Charge-Offs / Loans-0.24%-0.15%3.13%1.51%0.97%0.72%0.63%0.41%-111 bps
Allowance / Loans1.65%2.06%1.29%1.42%1.37%1.36%1.34%1.36%-6 bps
Allowance Coverage of NPLs3.6x4.5x1.6x0.9x2.6x1.5x10.8x1.4x+0.5x
Capital
Tier 1 Leverage Ratio9.08%8.89%8.81%9.56%9.40%9.38%9.65%9.61%+4 bps
Total Risk-Based Capital15.51%14.35%13.96%14.83%14.48%14.43%14.99%15.18%+34 bps
Equity / Assets7.12%5.96%6.45%7.34%7.96%8.41%8.34%8.35%+102 bps
Liquidity & Funding
Loans / Deposits57.21%56.35%56.41%57.81%59.69%61.18%59.38%57.55%-26 bps
Liquid Assets / Assets2.00%2.67%2.33%2.83%2.11%0.96%2.73%4.71%+188 bps
CRE / Total Capitaln/an/an/an/a297%315%315%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

Gainesville, TX · Cert 15511 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Red River Bcorp Inc.

State charter, Fed member · FED · 14 branches

Q2 2026

$1.9BAssets
$955.7MLoans
$1.7BDeposits
$154.7MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 67% of banks $1B-$10B in assets operating in a single state (rank 84 of 258).
  • Widest gap: net charge-offs / loans trails 90% of banks $1B-$10B in assets operating in a single state (rank 234 of 258).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.79%

Rank 215 of 258

Net Interest Margin

3.60%

Rank 107 of 258

Efficiency Ratio

76.09%

Rank 227 of 257

Equity / Assets

8.35%

Rank 227 of 258

Non-interest income vs. expense

$16.5M$63.6MINCOMEEXPENSE
Unfavorable gap of $47.1M · efficiency ratio beats 12% of banks $1B-$10B in assets operating in a single state
Bank 76.09%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.79%0.93%1.23%1.54%Beats 17%215 / 258
Return on Equity9.42%9.26%11.84%14.74%Beats 26%190 / 258
Net Interest Margin3.60%3.16%3.49%3.88%Beats 59%107 / 258
Efficiency Ratio76.09%51.71%60.30%69.65%Beats 12%227 / 257
Asset Quality
Nonperforming Loans / Loans0.94%0.19%0.46%0.90%Beats 23%199 / 258
Net Charge-Offs / Loans0.21%0.01%0.02%0.07%Beats 10%234 / 258
Capital
Tier 1 Capital Ratio14.08%11.41%12.98%15.12%Beats 66%89 / 258
Total Risk-Based Capital Ratio15.18%12.10%13.91%16.08%Beats 67%84 / 258
Equity / Assets8.35%9.09%10.24%11.72%Beats 12%227 / 258
Liquidity & Funding
Loans / Deposits57.55%73.24%86.34%95.95%6th pctl243 / 258
Loans / Assets51.62%63.01%72.27%78.40%7th pctl240 / 258
Brokered Deposits / Depositsn/aNot reported for this institution