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First State Bank of San Diego

San Diego, TX · Cert 17350 · San Diego Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$68.2MAssets
$15.2MLoans
$61.9MDeposits
$6.1MEquity
Loan mix
46%RE $7.0M44%C&I $6.6M10%Consumer $1.5MQ2 2025Q2 2026
Deposit mix
64%Interest-bearing $39.4M36%Noninterest $22.5MQ2 2025Q2 2026

NIM

5.12%Q2 ’244.85%Q2 ’254.90%Q2 ’26+8%+9%

Non-interest income vs. expense

2.92%Q2 ’242.95%Q2 ’254.92%Q2 ’26+8%+73%

Executive Summary

  • Earnings: ROA of -0.55%, down 132 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 2.65% of loans (+71 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.02%, up 47 bps from a year ago.
  • Funding: loans stand at 24.52% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.55%-132 bps YoY

Net Interest Margin (YTD, annualized)

3.96%+31 bps YoY

Efficiency Ratio (YTD, annualized)

114.73%+3,996 bps YoY

Tier 1 Leverage Ratio

9.02%+47 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.72%0.88%-0.93%-0.55%-132 bps
Return on Equity9.40%8.50%10.31%-10.71%-6.27%-1,568 bps
Net Interest Margin3.64%3.89%3.90%3.67%3.96%+31 bps
Efficiency Ratio74.77%77.16%78.06%129.71%114.73%+3,996 bps
Non-Interest Burden2.65%2.92%2.97%4.86%4.59%+194 bps
Growth
Asset Growth (YoY)4.22%-4.63%0.60%-6.37%-10.80%-1,502 bps
Loan Growth (YoY)-4.93%-2.78%-7.93%-14.49%-22.71%-1,778 bps
Deposit Growth (YoY)3.52%-5.20%-0.25%-6.91%-11.49%-1,501 bps
Asset Quality
Nonperforming Loans / Loans1.95%1.63%1.79%1.94%2.65%+71 bps
Net Charge-Offs / Loans0.04%0.03%0.06%0.00%0.00%-4 bps
Allowance / Loans1.46%1.46%1.62%1.67%1.85%+39 bps
Allowance Coverage of NPLs0.7x0.9x0.9x0.9x0.7x-0.1x
Capital
Tier 1 Leverage Ratio8.55%9.06%9.14%8.35%9.02%+47 bps
Total Risk-Based Capital24.29%24.32%26.59%26.63%28.95%+466 bps
Equity / Assets8.25%9.33%8.86%8.54%8.89%+64 bps
Liquidity & Funding
Loans / Deposits28.07%31.40%25.97%25.21%24.52%-356 bps
Liquid Assets / Assets28.69%20.31%31.97%22.85%16.95%-1,174 bps
CRE / Total Capitaln/a97.17%81.60%79.06%n/an/a