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First State Bank of Odem

Odem, TX · Cert 16334 · Mustang Holdings Group LLC

State charter, non-member · FDIC · 4 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

59

Q2 2024Q2 2026peer median (50)

Asset Quality

67

Q2 2024Q2 2026peer median (50)

Profitability

91

Q2 2024Q2 2026peer median (50)

Liquidity

78

Q2 2024Q2 2026peer median

Efficiency

81

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 of Odem

Odem, TX · Cert 16334 · Mustang Holdings Group LLC

State charter, non-member · FDIC · 4 branches

Q2 2026

$212.6MAssets
$106.1MLoans
$181.0MDeposits
$30.4MEquity
Loan mix
70%RE $67.5M28%C&I $26.9M3%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
45%Interest-bearing $82.1M55%Noninterest $98.9MQ2 2025Q2 2026

NIM

6.45%Q2 ’246.18%Q2 ’255.79%Q2 ’26-9%-6%

Non-interest income vs. expense

3.01%Q2 ’242.93%Q2 ’252.97%Q2 ’26+1%-17%

Market Position · Corpus Christi, TX · 2026 SOD (annual) · 2.2% share · #10 of 16 inst. · $0.2B of $8.1B

10.7% San Patricio
1.2% Nueces

Executive Summary

  • Earnings: ROA of 2.40%, down 3 bps year over year; NIM at 4.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.68%.
  • Capital: tier 1 leverage ratio of 14.39%, down 267 bps from a year ago.
  • Funding: loans stand at 58.59% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.40%-3 bps YoY

Net Interest Margin (YTD, annualized)

4.90%-31 bps YoY

Efficiency Ratio (YTD, annualized)

50.69%-43 bps YoY

Tier 1 Leverage Ratio

14.39%-267 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.43%2.15%2.18%2.82%2.40%-3 bps
Return on Equity14.61%13.57%13.99%20.13%16.98%+237 bps
Net Interest Margin5.21%5.25%5.15%4.71%4.90%-31 bps
Efficiency Ratio51.12%50.77%50.70%46.56%50.69%-43 bps
Non-Interest Burden2.41%2.40%2.34%1.46%2.01%-40 bps
Growth
Asset Growth (YoY)4.71%-1.88%0.15%6.39%4.13%-58 bps
Loan Growth (YoY)0.64%-0.74%-2.51%-2.42%4.97%+433 bps
Deposit Growth (YoY)2.02%-0.54%2.45%10.14%7.67%+565 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.06%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.02%0.02%-1.46%-0.68%-71 bps
Allowance / Loans2.55%2.70%2.71%2.94%2.76%+22 bps
Allowance Coverage of NPLsn/a45.9xn/an/an/an/a
Capital
Tier 1 Leverage Ratio17.06%13.60%13.85%13.84%14.39%-267 bps
Total Risk-Based Capital17.06%13.60%13.85%13.84%14.39%-267 bps
Equity / Assets17.13%13.66%14.29%13.78%14.28%-285 bps
Liquidity & Funding
Loans / Deposits60.10%54.44%55.26%53.97%58.59%-151 bps
Liquid Assets / Assets21.26%22.38%17.33%16.16%11.70%-956 bps
CRE / Total Capitaln/a170.74%169.23%181.91%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 of Odem

Odem, TX · Cert 16334 · Peer group: banks under $1B in assets in TX (n=208-211) · Mustang Holdings Group LLC

State charter, non-member · FDIC · 4 branches

Q2 2026

$212.6MAssets
$106.1MLoans
$181.0MDeposits
$30.4MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in TX (rank 44 of 208).
  • Widest gap: net charge-offs / loans trails 67% of banks under $1B in assets in TX (rank 140 of 208).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

2.36%

Rank 8 of 211

Net Interest Margin

4.90%

Rank 18 of 211

Efficiency Ratio

50.69%

Rank 42 of 211

Equity / Assets

14.28%

Rank 34 of 211

Non-interest income vs. expense

$2.1M$6.3MINCOMEEXPENSE
Unfavorable gap of $4.3M · efficiency ratio beats 81% of banks under $1B in assets in TX
Bank 50.69%Peer median 64.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.36%0.87%1.20%1.65%Beats 96%8 / 211
Return on Equity16.55%7.52%11.67%14.58%Beats 85%31 / 211
Net Interest Margin4.90%3.28%3.82%4.31%Beats 91%18 / 211
Efficiency Ratio50.69%53.01%64.18%73.65%Beats 81%42 / 211
Asset Quality
Nonperforming Loans / Loans0.00%0.01%0.30%1.10%Beats 100%44 / 208
Net Charge-Offs / Loans0.03%0.00%0.01%0.06%Beats 33%140 / 208
Capital
Tier 1 Capital Ratio14.39%11.72%14.45%19.57%Beats 48%110 / 211
Total Risk-Based Capital Ratio14.39%11.94%14.78%20.30%Beats 46%113 / 211
Equity / Assets14.28%9.41%11.06%12.94%Beats 84%34 / 211
Liquidity & Funding
Loans / Deposits58.59%45.39%66.56%82.03%36th pctl133 / 208
Loans / Assets49.88%39.13%56.90%70.46%35th pctl137 / 211
Brokered Deposits / Depositsn/aNot reported for this institution