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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

$212.6MAssets
$106.1MLoans
$181.0MDeposits
$30.4MEquity
Loan mix
70%RE $67.5M28%C&I $26.9M3%Consumer $2.6MQ3 2024Q2 2026
Deposit mix
45%Interest-bearing $82.1M55%Noninterest $98.9MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.63%2.70%2.20%2.43%2.15%2.18%2.82%2.40%-3 bps
Return on Equity17.61%17.76%13.44%14.61%13.57%13.99%20.13%16.98%+237 bps
Net Interest Margin5.45%5.38%5.19%5.21%5.25%5.15%4.71%4.90%-31 bps
Efficiency Ratio46.55%46.26%51.48%51.12%50.77%50.70%46.56%50.69%-43 bps
Non-Interest Burden2.22%2.15%2.40%2.41%2.40%2.34%1.46%2.01%-40 bps
Growth
Asset Growth (YoY)5.10%6.06%9.19%4.71%-1.88%0.15%6.39%4.13%-58 bps
Loan Growth (YoY)-4.49%-3.24%-2.60%0.64%-0.74%-2.51%-2.42%4.97%+433 bps
Deposit Growth (YoY)2.52%3.68%7.03%2.02%-0.54%2.45%10.14%7.67%+565 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.06%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.16%-0.10%0.00%0.03%0.02%0.02%-1.46%-0.68%-71 bps
Allowance / Loans3.04%2.66%2.53%2.55%2.70%2.71%2.94%2.76%+22 bps
Allowance Coverage of NPLsn/an/an/an/a45.9xn/an/an/an/a
Capital
Tier 1 Leverage Ratio15.40%15.83%16.66%17.06%13.60%13.85%13.84%14.39%-267 bps
Total Risk-Based Capital32.08%15.83%16.66%17.06%13.60%13.85%13.84%14.39%-267 bps
Equity / Assets14.98%16.11%16.64%17.13%13.66%14.29%13.78%14.28%-285 bps
Liquidity & Funding
Loans / Deposits54.54%58.07%60.92%60.10%54.44%55.26%53.97%58.59%-151 bps
Liquid Assets / Assets34.01%27.15%21.91%21.26%22.38%17.33%16.16%11.70%-956 bps
CRE / Total Capitaln/an/an/an/a170.74%169.23%181.91%n/an/a