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West Texas National Bank

Midland, TX · Cert 22957 · First West TX Bancshares Inc.

National charter · OCC · 13 branches

Q2 2026

$2.9BAssets
$1.5BLoans
$2.6BDeposits
$295.2MEquity
Loan mix
62%RE $904.1M38%C&I $551.3M0%Consumer $5.7MQ2 2025Q2 2026
Deposit mix
68%Interest-bearing $1.7B32%Noninterest $0.8BQ2 2025Q2 2026

NIM

5.98%Q2 ’245.84%Q2 ’255.56%Q2 ’26-2%+1%

Non-interest income vs. expense

1.73%Q2 ’241.54%Q2 ’251.92%Q2 ’26-9%+30%

Market Position · Midland, TX · 2026 SOD (annual) · 13.7% share · #3 of 15 inst. · $1.3B of $9.3B

14.3% Midland
46.7% Reeves
30.3% Gaines
63.7% Brewster

Executive Summary

  • Earnings: ROA of 1.68%, down 7 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 1.67% of loans (+10 bps YoY), with net charge-offs at 1.21%.
  • Capital: tier 1 leverage ratio of 10.52%, up 114 bps from a year ago.
  • Funding: loans stand at 58.58% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.68%-7 bps YoY

Net Interest Margin (quarter, annualized)

3.97%+3 bps YoY

Efficiency Ratio (quarter, annualized)

46.60%+919 bps YoY

Tier 1 Leverage Ratio

10.52%+114 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.75%1.01%1.68%0.82%1.68%-7 bps
Return on Equity18.94%10.22%16.68%8.06%16.34%-260 bps
Net Interest Margin3.94%3.80%3.93%3.66%3.97%+3 bps
Efficiency Ratio37.41%42.38%42.74%46.42%46.60%+919 bps
Non-Interest Burden1.34%1.47%1.54%1.57%1.75%+41 bps
Growth
Asset Growth (YoY)13.65%10.21%1.60%-3.29%7.05%-660 bps
Loan Growth (YoY)4.39%5.14%8.21%11.16%1.18%-320 bps
Deposit Growth (YoY)13.34%9.91%0.16%-4.76%6.68%-666 bps
Asset Quality
Nonperforming Loans / Loans1.57%1.31%1.24%2.00%1.67%+10 bps
Net Charge-Offs / Loans0.01%0.82%1.51%0.53%1.21%+120 bps
Allowance / Loans1.96%2.11%1.90%2.19%1.95%-1 bps
Allowance Coverage of NPLs1.3x1.6x1.5x1.1x1.2x-0.1x
Capital
Tier 1 Leverage Ratio9.38%9.85%9.97%10.11%10.52%+114 bps
Total Risk-Based Capital16.23%16.16%16.54%17.06%18.01%+178 bps
Equity / Assets9.73%10.02%10.16%10.30%10.24%+52 bps
Liquidity & Funding
Loans / Deposits61.76%63.60%61.80%62.52%58.58%-318 bps
Liquid Assets / Assets20.38%19.73%20.53%17.38%22.03%+165 bps
CRE / Total Capitaln/a196.58%193.97%188.46%n/an/a