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Sundown State Bank

Sundown, TX · Cert 18780 · Sundown Bankshares Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$307.7MAssets
$191.9MLoans
$269.6MDeposits
$36.5MEquity
Loan mix
70%RE $116.8M29%C&I $48.6M0%Consumer $0.5MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $188.5M30%Noninterest $81.1MQ2 2025Q2 2026

NIM

6.39%Q2 ’246.07%Q2 ’255.50%Q2 ’26+2%-6%

Non-interest income vs. expense

2.47%Q2 ’242.33%Q2 ’252.45%Q2 ’26-12%-182%

Market Position · Lubbock, TX · 2026 SOD (annual) · 1.0% share · #18 of 31 inst. · $0.1B of $14.3B

20.9% Hockley
16.2% Yoakum
20.5% Terry
1.0% Tom Green

Executive Summary

  • Earnings: ROA of 4.15%, up 220 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 0.84% of loans (+84 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 11.63%, up 42 bps from a year ago.
  • Funding: loans stand at 71.16% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

4.15%+220 bps YoY

Net Interest Margin (YTD, annualized)

3.99%-27 bps YoY

Efficiency Ratio (YTD, annualized)

31.06%-1,741 bps YoY

Tier 1 Leverage Ratio

11.63%+42 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.95%2.03%2.17%6.48%4.15%+220 bps
Return on Equity18.01%18.75%20.02%56.35%35.73%+1,773 bps
Net Interest Margin4.26%4.32%4.12%3.98%3.99%-27 bps
Efficiency Ratio48.47%47.42%45.71%24.31%31.06%-1,741 bps
Non-Interest Burden1.78%1.78%1.51%-4.66%-1.46%-324 bps
Growth
Asset Growth (YoY)12.39%14.52%14.80%17.61%7.32%-507 bps
Loan Growth (YoY)-3.79%-5.73%-5.71%-5.46%-6.83%-304 bps
Deposit Growth (YoY)12.13%14.43%14.44%15.67%6.07%-606 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%1.47%1.61%0.84%+84 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.19%0.10%+10 bps
Allowance / Loans0.84%0.84%0.83%1.06%1.06%+23 bps
Allowance Coverage of NPLsn/an/a0.6x0.7x1.3xn/a
Capital
Tier 1 Leverage Ratio11.21%11.32%10.93%12.33%11.63%+42 bps
Total Risk-Based Capital13.92%14.71%14.48%17.24%11.63%-229 bps
Equity / Assets10.87%10.83%10.88%12.08%11.85%+98 bps
Liquidity & Funding
Loans / Deposits81.01%75.46%73.94%70.06%71.16%-985 bps
Liquid Assets / Assets4.31%4.92%4.82%5.89%7.42%+311 bps
CRE / Total Capitaln/a230%200%161.16%n/an/a