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First State Bank

Watonga, OK · Cert 21752 · First St Bcorp of Watonga Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$89.8MAssets
$49.9MLoans
$79.2MDeposits
$10.1MEquity
Loan mix
74%RE $25.3M18%C&I $6.0M9%Consumer $3.0MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $57.8M27%Noninterest $21.4MQ2 2025Q2 2026

NIM

5.79%Q2 ’245.81%Q2 ’255.88%Q2 ’26+6%+2%

Non-interest income vs. expense

2.97%Q2 ’243.11%Q2 ’252.73%Q2 ’26+9%-15%

Executive Summary

  • Earnings: ROA of 1.64%, up 45 bps year over year; NIM at 4.47%.
  • Asset quality: problem loans at 1.28% of loans (+11 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.18%, down 7 bps from a year ago.
  • Funding: loans stand at 62.98% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.64%+45 bps YoY

Net Interest Margin (YTD, annualized)

4.47%+10 bps YoY

Efficiency Ratio (YTD, annualized)

56.55%-984 bps YoY

Tier 1 Leverage Ratio

13.18%-7 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.20%1.32%1.36%1.69%1.64%+45 bps
Return on Equity11.43%12.34%12.52%14.88%14.53%+309 bps
Net Interest Margin4.38%4.51%4.54%4.60%4.47%+10 bps
Efficiency Ratio66.39%63.58%63.14%56.48%56.55%-984 bps
Non-Interest Burden2.80%2.76%2.77%2.43%2.37%-43 bps
Growth
Asset Growth (YoY)2.25%6.16%5.78%7.81%6.41%+416 bps
Loan Growth (YoY)7.52%5.74%19.42%21.92%12.47%+495 bps
Deposit Growth (YoY)9.63%5.63%4.20%7.44%6.02%-361 bps
Asset Quality
Nonperforming Loans / Loans1.17%0.98%0.06%0.05%1.28%+11 bps
Net Charge-Offs / Loans-0.18%-0.12%-0.07%-0.02%0.00%+18 bps
Allowance / Loans2.92%2.97%2.53%2.52%2.70%-22 bps
Allowance Coverage of NPLs2.5x3.0x45.5x51.1x2.1x-0.4x
Capital
Tier 1 Leverage Ratio13.25%13.43%13.61%13.49%13.18%-7 bps
Total Risk-Based Capital13.25%13.43%13.61%13.49%13.18%-7 bps
Equity / Assets10.55%11.28%11.76%10.96%11.24%+69 bps
Liquidity & Funding
Loans / Deposits59.37%61.14%71.50%66.43%62.98%+361 bps
Liquid Assets / Assets14.85%10.16%10.24%16.52%16.61%+176 bps
CRE / Total Capitaln/a158.88%166.52%160.43%n/an/a