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First National Bank

Wichita Falls, TX · Cert 26543

FDIC · 7 branches

Q4 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q4 2025, the quarter ended December 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=293). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

49

Q2 2024Q4 2025peer median (50)

Asset Quality

67

Q2 2024Q4 2025peer median (50)

Profitability

38

Q2 2024Q4 2025peer median (50)

Liquidity

54

Q2 2024Q4 2025peer median

Efficiency

25

Q2 2024Q4 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank

Wichita Falls, TX · Cert 26543

FDIC · 7 branches

Q4 2025

$1.2BAssets
$984.4MLoans
$1.0BDeposits
$105.7MEquity
Loan mix
94%RE $895.2M5%C&I $48.8M1%Consumer $5.3MQ4 2024Q4 2025
Deposit mix
80%Interest-bearing $831.7M20%Noninterest $203.2MQ4 2024Q4 2025

NIM

4.90%Q4 ’235.63%Q4 ’246.08%Q4 ’25-5%+21%

Non-interest income vs. expense

2.17%Q4 ’232.11%Q4 ’242.26%Q4 ’25-3%+16%

Market Position · Wichita Falls, TX · 2025 SOD (annual) · 17.3% share · #2 of 14 inst. · $0.8B of $4.3B

18.1% Wichita
14.9% Wise
0.3% Tarrant

Executive Summary

  • Earnings: ROA of 0.73%, up 13 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.28% of loans (-35 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 8.34%, down 198 bps from a year ago.
  • Funding: loans stand at 95.12% of deposits as of Q4 2025.

Financial Results

Return on Assets (YTD, annualized)

0.73%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.11%+54 bps YoY

Efficiency Ratio (YTD, annualized)

70.64%-433 bps YoY

Tier 1 Leverage Ratio

8.34%-198 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.60%0.71%0.63%0.70%0.73%+13 bps
Return on Equity6.51%7.45%6.31%6.82%7.31%+80 bps
Net Interest Margin2.57%2.72%2.73%2.98%3.11%+54 bps
Efficiency Ratio74.97%66.89%70.20%68.39%70.64%-433 bps
Non-Interest Burden1.87%1.74%1.93%2.03%2.18%+31 bps
Growth
Asset Growth (YoY)4.55%5.27%-11.45%-16.74%-25.19%-2,973 bps
Loan Growth (YoY)4.70%4.66%-10.51%-16.25%-22.72%-2,742 bps
Deposit Growth (YoY)0.52%5.52%4.59%-6.38%-11.27%-1,178 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.50%0.56%0.58%0.28%-35 bps
Net Charge-Offs / Loans0.10%0.02%0.06%0.04%0.04%-6 bps
Allowance / Loans0.85%0.84%0.94%0.97%1.08%+23 bps
Allowance Coverage of NPLs1.3x1.7x1.7x1.7x3.8x+2.5x
Capital
Tier 1 Leverage Ratio10.32%10.39%10.55%10.96%8.34%-198 bps
Total Risk-Based Capital15.55%15.97%17.74%18.41%14.89%-66 bps
Equity / Assets9.57%9.48%11.06%10.97%9.15%-42 bps
Liquidity & Funding
Loans / Deposits109.21%106.97%99.59%97.77%95.12%-1,410 bps
Liquid Assets / Assets10.11%11.27%9.19%9.14%6.55%-356 bps
CRE / Total Capitaln/an/an/a261%304%n/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First National Bank

Wichita Falls, TX · Cert 26543 · Peer group: banks $1B-$10B in assets operating in a single state (n=293)

FDIC · 7 branches

Q4 2025

$1.2BAssets
$984.4MLoans
$1.0BDeposits
$105.7MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 67% of banks $1B-$10B in assets operating in a single state (rank 99 of 293).
  • Widest gap: brokered deposits / deposits trails 96% of banks $1B-$10B in assets operating in a single state (rank 281 of 293).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.89%

Rank 197 of 293

Net Interest Margin

3.11%

Rank 179 of 293

Efficiency Ratio

71.10%

Rank 221 of 293

Equity / Assets

9.15%

Rank 215 of 293

Non-interest income vs. expense

$0.9M$27.8MINCOMEEXPENSE
Unfavorable gap of $26.9M · efficiency ratio beats 25% of banks $1B-$10B in assets operating in a single state
Bank 71.10%Peer median 62.4%Q2 2024Q4 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.89%0.78%1.08%1.37%Beats 33%197 / 293
Return on Equity9.70%7.54%10.71%13.42%Beats 42%169 / 293
Net Interest Margin3.11%2.90%3.26%3.64%Beats 39%179 / 293
Efficiency Ratio71.10%53.70%62.37%70.86%Beats 25%221 / 293
Asset Quality
Nonperforming Loans / Loans0.28%0.20%0.45%0.94%Beats 67%99 / 293
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio13.64%11.58%13.17%15.13%Beats 58%124 / 293
Total Risk-Based Capital Ratio14.89%12.40%14.02%16.17%Beats 63%109 / 293
Equity / Assets9.15%9.03%10.09%11.77%Beats 27%215 / 293
Liquidity & Funding
Loans / Deposits95.12%73.95%86.02%95.31%74th pctl77 / 293
Loans / Assets85.24%63.41%72.88%78.58%93rd pctl21 / 293
Brokered Deposits / Deposits26.65%n/a1.43%7.87%Beats 4%281 / 293