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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 $3.0MQ3 2024Q2 2026
Deposit mix
73%Interest-bearing $57.8M27%Noninterest $21.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.58%, up 35 bps year over year; NIM at 4.50%.
  • Asset quality: problem loans at 1.28% of loans (+11 bps YoY), with net charge-offs at 0.02%.
  • 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.

Return on Assets (quarter, annualized)

1.58%+35 bps YoY

Net Interest Margin (quarter, annualized)

4.50%-24 bps YoY

Efficiency Ratio (quarter, annualized)

56.62%-899 bps YoY

Tier 1 Leverage Ratio

13.18%-7 bps YoY

NIM

6.04%Q2 ’246.19%Q2 ’255.95%Q2 ’26+9%-5%

Non-interest income vs. expense

3.13%Q2 ’243.26%Q2 ’252.75%Q2 ’26+12%-21%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.27%1.21%1.15%1.23%1.54%1.49%1.69%1.58%+35 bps
Return on Equity12.49%11.39%11.07%11.70%14.09%12.90%14.88%14.25%+255 bps
Net Interest Margin3.70%4.27%4.13%4.74%4.73%4.75%4.60%4.50%-24 bps
Efficiency Ratio61.07%66.67%67.28%65.61%58.24%61.87%56.48%56.62%-899 bps
Non-Interest Burden2.12%2.71%2.65%3.04%2.65%2.87%2.43%2.40%-64 bps
Growth
Asset Growth (YoY)-0.39%-1.22%-1.21%2.25%6.16%5.78%7.81%6.41%+416 bps
Loan Growth (YoY)3.16%1.60%0.91%7.52%5.74%19.42%21.92%12.47%+495 bps
Deposit Growth (YoY)-3.96%-2.26%5.54%9.63%5.63%4.20%7.44%6.02%-361 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.27%0.28%1.17%0.98%0.06%0.05%1.28%+11 bps
Net Charge-Offs / Loans0.90%0.04%-0.42%0.05%0.01%0.02%-0.02%0.02%-3 bps
Allowance / Loans2.90%2.80%2.94%2.92%2.97%2.53%2.52%2.70%-22 bps
Allowance Coverage of NPLs9.2x10.3x10.5x2.5x3.0x45.5x51.1x2.1x-0.4x
Capital
Tier 1 Leverage Ratio12.82%13.76%13.70%13.25%13.43%13.61%13.49%13.18%-7 bps
Total Risk-Based Capital12.82%13.76%13.70%13.25%13.43%13.61%13.49%13.18%-7 bps
Equity / Assets11.01%10.32%10.50%10.55%11.28%11.76%10.96%11.24%+69 bps
Liquidity & Funding
Loans / Deposits61.08%62.39%58.54%59.37%61.14%71.50%66.43%62.98%+361 bps
Liquid Assets / Assets12.22%11.42%13.27%14.85%10.16%10.24%16.52%16.61%+176 bps
CRE / Total Capitaln/an/an/an/a158.88%166.52%160.43%n/an/a