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Pilgrim Bank

Pittsburg, TX · Cert 16891 · Pilgrim Bcorp

State charter, non-member · FDIC · 14 branches

Q2 2026

$714.6MAssets
$465.5MLoans
$578.4MDeposits
$66.4MEquity
Loan mix
96%RE $436.1M3%C&I $15.1M1%Consumer $3.9MQ3 2024Q2 2026
Deposit mix
69%Interest-bearing $399.2M31%Noninterest $179.2MQ3 2024Q2 2026

Market Position · Wichita Falls, TX · 2026 SOD (annual) · 3.2% share · #7 of 14 inst. · $0.1B of $4.3B

21.2% Titus
33.7% Camp
2.1% Wichita
58.4% Archer

Executive Summary

  • Earnings: ROA of 0.40%, down 16 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.15% of loans (+15 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.21%, up 19 bps from a year ago.
  • Funding: loans stand at 80.47% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.40%-16 bps YoY

Net Interest Margin (quarter, annualized)

2.75%+36 bps YoY

Efficiency Ratio (quarter, annualized)

74.45%+77 bps YoY

Tier 1 Leverage Ratio

10.21%+19 bps YoY

NIM

4.42%Q2 ’244.48%Q2 ’254.60%Q2 ’26+0%+15%

Non-interest income vs. expense

1.99%Q2 ’241.99%Q2 ’252.28%Q2 ’260%+17%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.51%0.41%0.53%0.56%0.58%0.64%0.52%0.40%-16 bps
Return on Equity5.74%4.58%6.01%6.28%6.36%6.81%5.52%4.27%-201 bps
Net Interest Margin2.42%2.36%2.36%2.40%2.52%2.59%2.60%2.75%+36 bps
Efficiency Ratio75.78%81.26%74.18%73.69%73.45%72.32%74.43%74.45%+77 bps
Non-Interest Burden1.77%1.88%1.66%1.66%1.74%1.70%1.83%1.94%+28 bps
Growth
Asset Growth (YoY)3.72%1.19%3.45%3.95%3.05%4.34%0.50%-0.85%-480 bps
Loan Growth (YoY)6.49%6.19%6.19%3.05%-0.87%-0.45%-4.74%-4.69%-774 bps
Deposit Growth (YoY)1.65%-0.93%3.54%6.10%3.23%5.76%0.64%-3.46%-956 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.01%0.00%0.00%0.00%0.41%0.35%0.15%+15 bps
Net Charge-Offs / Loans0.01%0.00%0.01%0.00%0.00%0.00%0.00%0.01%0 bps
Allowance / Loans0.81%0.78%0.77%0.79%0.81%0.83%0.88%0.99%+20 bps
Allowance Coverage of NPLs28.2x90.8xn/an/an/a2.0x2.5x6.6xn/a
Capital
Tier 1 Leverage Ratio10.36%10.34%10.24%10.02%10.17%10.03%10.03%10.21%+19 bps
Total Risk-Based Capital15.26%14.71%14.41%14.72%14.91%14.87%14.99%15.37%+65 bps
Equity / Assets9.13%8.92%8.85%9.00%9.38%9.43%9.29%9.30%+30 bps
Liquidity & Funding
Loans / Deposits85.40%87.58%84.63%81.51%82.00%82.43%80.10%80.47%-104 bps
Liquid Assets / Assets13.05%11.64%11.23%12.29%11.09%9.97%11.69%9.36%-293 bps
CRE / Total Capitaln/an/an/an/a262%272%272%n/an/a