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First State Bank

Tahlequah, OK · Cert 22448 · Maxlou Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$82.1MAssets
$52.0MLoans
$74.1MDeposits
$7.3MEquity
Loan mix
84%RE $43.0M9%C&I $4.8M7%Consumer $3.4MQ3 2024Q2 2026
Deposit mix
82%Interest-bearing $60.7M18%Noninterest $13.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.26%, down 6 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 2.25% of loans (+28 bps YoY), with net charge-offs at 0.59%.
  • Capital: tier 1 leverage ratio of 10.37%, up 10 bps from a year ago.
  • Funding: loans stand at 70.21% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.26%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+26 bps YoY

Efficiency Ratio (YTD, annualized)

80.15%-481 bps YoY

Tier 1 Leverage Ratio

10.37%+10 bps YoY

NIM

5.50%Q2 ’245.52%Q2 ’255.56%Q2 ’26-2%+9%

Non-interest income vs. expense

3.36%Q2 ’242.83%Q2 ’253.07%Q2 ’26-13%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.05%0.17%0.18%0.32%0.59%0.46%0.39%0.26%-6 bps
Return on Equity0.59%2.15%2.40%4.07%7.19%5.46%4.32%2.88%-119 bps
Net Interest Margin2.98%2.84%2.93%3.07%3.18%3.29%3.26%3.33%+26 bps
Efficiency Ratio92.11%88.38%88.48%84.96%77.82%81.23%80.41%80.15%-481 bps
Non-Interest Burden2.71%2.45%2.57%2.57%2.33%2.56%2.52%2.57%0 bps
Growth
Asset Growth (YoY)13.39%10.55%11.96%5.69%-2.77%-6.10%-5.77%-1.40%-709 bps
Loan Growth (YoY)8.44%13.58%11.53%6.16%-0.73%-0.44%1.64%-0.76%-693 bps
Deposit Growth (YoY)12.37%11.54%12.44%4.07%-3.85%-10.31%-7.46%-1.50%-557 bps
Asset Quality
Nonperforming Loans / Loans2.28%2.85%2.85%1.97%0.95%2.39%2.70%2.25%+28 bps
Net Charge-Offs / Loans0.00%0.12%0.16%0.41%0.39%0.28%0.05%0.59%+18 bps
Allowance / Loans1.60%1.49%1.48%1.32%1.40%1.45%1.48%1.45%+13 bps
Allowance Coverage of NPLs0.7x0.5x0.5x0.7x1.5x0.6x0.5x0.6x0.0x
Capital
Tier 1 Leverage Ratio10.43%9.94%9.90%10.27%10.85%10.68%10.39%10.37%+10 bps
Total Risk-Based Capital10.43%9.94%9.90%10.27%10.85%10.68%10.39%10.37%+10 bps
Equity / Assets8.28%7.43%7.69%8.21%9.50%9.19%8.82%8.84%+63 bps
Liquidity & Funding
Loans / Deposits64.22%63.74%63.96%69.68%66.30%70.75%70.25%70.21%+52 bps
Liquid Assets / Assets0.15%0.15%0.15%0.16%0.15%0.15%0.14%0.14%-2 bps
CRE / Total Capitaln/an/an/an/a190.06%222%226%n/an/a