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First State Bank

Stratford, TX · Cert 16695 · Stratford Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$371.9MAssets
$245.3MLoans
$326.4MDeposits
$43.7MEquity
Loan mix
82%RE $120.9M16%C&I $23.8M2%Consumer $2.9MQ3 2024Q2 2026
Deposit mix
66%Interest-bearing $215.8M34%Noninterest $110.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.68%, down 16 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.58%, up 27 bps from a year ago.
  • Funding: loans stand at 75.16% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.68%-16 bps YoY

Net Interest Margin (quarter, annualized)

3.86%+21 bps YoY

Efficiency Ratio (quarter, annualized)

41.85%-190 bps YoY

Tier 1 Leverage Ratio

12.58%+27 bps YoY

NIM

5.08%Q2 ’245.37%Q2 ’255.43%Q2 ’26+10%+6%

Non-interest income vs. expense

1.90%Q2 ’241.83%Q2 ’251.84%Q2 ’26-3%+1%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.68%1.69%1.84%1.84%1.92%1.93%1.86%1.68%-16 bps
Return on Equity17.15%16.12%17.51%17.27%17.05%16.58%16.43%14.81%-245 bps
Net Interest Margin3.46%3.57%3.53%3.65%3.75%3.73%3.68%3.86%+21 bps
Efficiency Ratio47.59%45.12%43.43%43.75%43.03%42.01%43.24%41.85%-190 bps
Non-Interest Burden1.33%1.30%1.23%1.29%1.25%1.25%1.30%1.29%+1 bps
Growth
Asset Growth (YoY)2.29%-5.17%0.16%3.98%3.89%9.85%11.75%6.81%+283 bps
Loan Growth (YoY)18.50%31.75%24.79%7.74%14.85%5.23%16.19%32.03%+2,429 bps
Deposit Growth (YoY)-5.41%-7.41%-2.06%2.04%7.65%8.46%11.01%5.80%+376 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.54%0.53%0.53%0.59%0.49%0.50%0.46%0.59%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.81%12.34%11.81%12.31%12.83%12.98%12.12%12.58%+27 bps
Total Risk-Based Capital11.81%12.34%11.81%12.31%12.83%12.98%12.12%12.58%+27 bps
Equity / Assets10.36%10.54%10.43%10.92%11.56%11.66%11.01%11.75%+83 bps
Liquidity & Funding
Loans / Deposits66.48%69.38%67.09%60.23%70.93%67.31%70.22%75.16%+1,493 bps
Liquid Assets / Assets3.76%3.83%8.80%11.77%7.20%11.79%3.93%4.02%-775 bps
CRE / Total Capitaln/an/an/an/a109.66%130.51%133.16%n/an/a