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Security State Bank & Trust

Fredericksburg, TX · Cert 15809 · Security Holding Co.

State charter, non-member · FDIC · 21 branches

Q2 2026

$2.2BAssets
$1.6BLoans
$1.8BDeposits
$234.8MEquity
Loan mix
85%RE $1.3B12%C&I $0.2B3%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
66%Interest-bearing $1.2B34%Noninterest $0.6BQ2 2025Q2 2026

NIM

5.89%Q2 ’246.02%Q2 ’255.97%Q2 ’26+9%+3%

Non-interest income vs. expense

2.62%Q2 ’242.81%Q2 ’252.99%Q2 ’26+1%+11%

Market Position · San Antonio-New Braunfels, TX · 2026 SOD (annual) · 0.2% share · #22 of 66 inst. · $0.3B of $175.0B

31.8% Gillespie
19.4% Burnet
18.2% Kerr
5.6% Comal

Executive Summary

  • Earnings: ROA of 1.62%, down 11 bps year over year; NIM at 4.78%.
  • Asset quality: problem loans at 2.22% of loans (-45 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 12.58%, up 80 bps from a year ago.
  • Funding: loans stand at 86.34% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.62%-11 bps YoY

Net Interest Margin (YTD, annualized)

4.78%+15 bps YoY

Efficiency Ratio (YTD, annualized)

55.49%+232 bps YoY

Tier 1 Leverage Ratio

12.58%+80 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.73%1.77%1.72%1.52%1.62%-11 bps
Return on Equity17.11%17.10%16.50%13.51%14.65%-246 bps
Net Interest Margin4.62%4.57%4.53%4.64%4.78%+15 bps
Efficiency Ratio53.17%53.93%54.08%59.01%55.49%+232 bps
Non-Interest Burden2.15%2.16%2.16%2.50%2.38%+23 bps
Growth
Asset Growth (YoY)6.90%6.19%6.58%1.94%8.44%+154 bps
Loan Growth (YoY)1.06%3.78%11.52%7.47%10.86%+980 bps
Deposit Growth (YoY)2.52%5.67%5.11%1.09%4.48%+196 bps
Asset Quality
Nonperforming Loans / Loans2.66%2.38%2.51%2.28%2.22%-45 bps
Net Charge-Offs / Loans0.00%0.00%0.09%-0.02%0.04%+4 bps
Allowance / Loans1.01%1.00%1.01%1.08%1.07%+6 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.5x0.5x+0.1x
Capital
Tier 1 Leverage Ratio11.78%11.90%12.14%12.34%12.58%+80 bps
Total Risk-Based Capital11.78%11.90%12.14%12.34%12.58%+80 bps
Equity / Assets10.21%10.97%10.69%11.82%10.79%+58 bps
Liquidity & Funding
Loans / Deposits81.37%80.97%82.39%85.70%86.34%+497 bps
Liquid Assets / Assets9.63%8.65%12.48%6.30%11.64%+201 bps
CRE / Total Capitaln/a339%335%333%n/an/a