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Lovelady State Bank

Lovelady, TX · Cert 21807

State charter, non-member · FDIC · 1 branch

Q2 2026

$52.5MAssets
$23.6MLoans
$44.9MDeposits
$6.6MEquity
Loan mix
53%RE $11.5M23%C&I $5.1M24%Consumer $5.3MQ3 2024Q2 2026
Deposit mix
67%Interest-bearing $29.9M33%Noninterest $15.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.01%, up 33 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 1.42% of loans (+62 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.84%, up 93 bps from a year ago.
  • Funding: loans stand at 52.51% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.01%+33 bps YoY

Net Interest Margin (quarter, annualized)

4.20%+7 bps YoY

Efficiency Ratio (quarter, annualized)

70.69%-915 bps YoY

Tier 1 Leverage Ratio

12.84%+93 bps YoY

NIM

5.43%Q2 ’245.10%Q2 ’255.14%Q2 ’26-13%+2%

Non-interest income vs. expense

3.69%Q2 ’243.74%Q2 ’253.10%Q2 ’26+3%-9%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.94%0.72%1.21%0.68%1.43%0.80%0.85%1.01%+33 bps
Return on Equity7.95%6.22%10.74%6.00%12.24%6.85%7.21%8.12%+213 bps
Net Interest Margin4.52%4.34%3.96%4.13%4.49%4.02%3.82%4.20%+7 bps
Efficiency Ratio74.85%80.48%66.29%79.84%63.45%74.53%79.36%70.69%-915 bps
Non-Interest Burden3.23%3.35%2.45%3.19%2.65%2.84%2.74%2.91%-27 bps
Growth
Asset Growth (YoY)5.06%4.39%13.87%9.36%3.09%5.71%-3.57%-4.36%-1,373 bps
Loan Growth (YoY)4.45%1.68%3.54%5.06%4.98%4.34%-0.01%0.18%-488 bps
Deposit Growth (YoY)3.04%3.60%14.48%9.63%2.69%5.39%-4.83%-5.86%-1,548 bps
Asset Quality
Nonperforming Loans / Loans1.51%1.10%0.70%0.80%0.84%0.73%0.95%1.42%+62 bps
Net Charge-Offs / Loans0.12%0.03%0.02%0.10%0.13%0.37%0.00%0.00%-10 bps
Allowance / Loans1.43%1.45%1.41%1.43%1.40%1.40%1.43%1.43%-1 bps
Allowance Coverage of NPLs1.0x1.3x2.0x1.8x1.7x1.9x1.5x1.0x-0.8x
Capital
Tier 1 Leverage Ratio12.88%11.91%11.87%11.91%12.08%11.80%12.25%12.84%+93 bps
Total Risk-Based Capital24.08%23.13%23.18%23.35%23.62%22.99%24.18%24.56%+121 bps
Equity / Assets11.78%11.35%11.16%11.43%11.89%11.56%12.14%12.62%+119 bps
Liquidity & Funding
Loans / Deposits49.35%50.75%48.57%49.35%50.45%50.24%51.03%52.51%+317 bps
Liquid Assets / Assets26.07%25.84%26.55%25.51%21.37%23.42%22.89%11.97%-1,353 bps
CRE / Total Capitaln/an/an/an/a45.11%54.21%51.86%n/an/a