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First State Bank

Chico, TX · Cert 17856

FDIC · 4 branches

Q1 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2020, the quarter ended March 31, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

Chico, TX · Cert 17856

FDIC · 4 branches

Q1 2020

$191.9MAssets
$94.2MLoans
$159.1MDeposits
$22.3MEquity
Loan mix
81%RE $56.3M13%C&I $9.3M5%Consumer $3.6MQ1 2019Q1 2020
Deposit mix
81%Interest-bearing $129.1M19%Noninterest $30.0MQ1 2019Q1 2020

NIM

3.03%Q1 ’183.44%Q1 ’193.64%Q1 ’20+6%+5%

Non-interest income vs. expense

3.23%Q1 ’183.39%Q1 ’192.91%Q1 ’20+10%-21%

Market Position · Dallas-Fort Worth-Arlington, TX · 2019 SOD (annual) · 0.1% share · #87 of 163 inst. · $0.2B of $295.3B

Executive Summary

  • Earnings: ROA of 0.76%, up 65 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 1.14% of loans (-282 bps YoY), with net recoveries of 1.04%.
  • Capital: tier 1 leverage ratio of 11.89%, up 11 bps from a year ago.
  • Funding: loans stand at 59.26% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

0.76%+65 bps YoY

Net Interest Margin (YTD, annualized)

2.83%+12 bps YoY

Efficiency Ratio (YTD, annualized)

78.98%-1,777 bps YoY

Tier 1 Leverage Ratio

11.89%+11 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.12%0.76%0.68%0.67%0.76%+65 bps
Return on Equity1.09%6.87%6.08%5.98%6.57%+548 bps
Net Interest Margin2.71%2.70%2.66%2.70%2.83%+12 bps
Efficiency Ratio96.75%94.22%91.14%88.92%78.98%-1,777 bps
Non-Interest Burden2.59%2.49%2.35%2.30%2.06%-54 bps
Growth
Asset Growth (YoY)1.90%6.04%4.42%2.54%6.59%+469 bps
Loan Growth (YoY)2.34%9.36%18.33%26.15%24.34%+2,200 bps
Deposit Growth (YoY)0.17%0.74%1.91%0.50%4.38%+421 bps
Asset Quality
Nonperforming Loans / Loans3.96%1.33%1.45%1.34%1.14%-282 bps
Net Charge-Offs / Loans-0.16%-0.12%-0.07%-0.08%-1.04%-88 bps
Allowance / Loans2.30%1.47%1.37%1.34%1.62%-67 bps
Allowance Coverage of NPLs0.6x1.1x0.9x1.0x1.4x+0.9x
Capital
Tier 1 Leverage Ratio11.78%12.08%11.91%11.70%11.89%+11 bps
Total Risk-Based Capital19.51%18.83%20.78%18.18%11.89%-762 bps
Equity / Assets10.92%11.43%11.69%11.64%11.62%+70 bps
Liquidity & Funding
Loans / Deposits49.74%56.95%60.96%63.24%59.26%+952 bps
Liquid Assets / Assets11.15%10.35%5.86%7.07%10.35%-80 bps
CRE / Total Capitaln/an/an/an/an/an/an/a