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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 $0.5MQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $188.5M30%Noninterest $81.1MQ3 2024Q2 2026

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 1.77%, down 27 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.84% of loans (+84 bps YoY), with net charge-offs at 0.00%.
  • 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.

Return on Assets (quarter, annualized)

1.77%-27 bps YoY

Net Interest Margin (quarter, annualized)

4.00%-33 bps YoY

Efficiency Ratio (quarter, annualized)

48.59%+94 bps YoY

Tier 1 Leverage Ratio

11.63%+42 bps YoY

NIM

6.36%Q2 ’246.14%Q2 ’255.48%Q2 ’26+3%-8%

Non-interest income vs. expense

2.44%Q2 ’242.38%Q2 ’252.14%Q2 ’26-14%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.82%1.76%1.86%2.04%2.19%2.54%6.48%1.77%-27 bps
Return on Equity16.89%16.44%17.30%18.70%20.18%23.40%56.35%14.77%-392 bps
Net Interest Margin4.33%4.22%4.27%4.33%4.77%4.24%3.98%4.00%-33 bps
Efficiency Ratio51.47%53.16%49.35%47.65%45.56%41.50%24.31%48.59%+94 bps
Non-Interest Burden2.02%2.04%1.88%1.71%1.93%1.00%-4.66%1.74%+3 bps
Growth
Asset Growth (YoY)-2.57%-2.95%1.61%12.39%14.52%14.80%17.61%7.32%-507 bps
Loan Growth (YoY)-1.73%3.34%2.92%-3.79%-5.73%-5.71%-5.46%-6.83%-304 bps
Deposit Growth (YoY)-4.29%-4.62%0.23%12.13%14.43%14.44%15.67%6.07%-606 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%1.47%1.61%0.84%+84 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.19%0.00%0 bps
Allowance / Loans0.81%0.80%0.82%0.84%0.84%0.83%1.06%1.06%+23 bps
Allowance Coverage of NPLsn/an/an/an/an/a0.6x0.7x1.3xn/a
Capital
Tier 1 Leverage Ratio10.79%10.55%10.90%11.21%11.32%10.93%12.33%11.63%+42 bps
Total Risk-Based Capital12.96%12.69%13.81%13.92%14.71%14.48%17.24%11.63%-229 bps
Equity / Assets10.81%10.61%10.94%10.87%10.83%10.88%12.08%11.85%+98 bps
Liquidity & Funding
Loans / Deposits91.60%89.74%85.71%81.01%75.46%73.94%70.06%71.16%-985 bps
Liquid Assets / Assets6.25%6.00%6.21%4.31%4.92%4.82%5.89%7.42%+311 bps
CRE / Total Capitaln/an/an/an/a230%200%161.16%n/an/a