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Letter portraitLegal landscapeQuarterYTD

First National Bank of Central Texas

Waco, TX · Cert 3325 · 2013 Monte Hulse Family Irrevocable Tr I

National charter · OCC · 7 branches

Q2 2026

$1.8BAssets
$1.4BLoans
$1.6BDeposits
$191.2MEquity
Loan mix
86%RE $1.0B13%C&I $0.2B1%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $1.2B26%Noninterest $0.4BQ3 2024Q2 2026

Market Position · Waco, TX · 2026 SOD (annual) · 14.5% share · #1 of 28 inst. · $1.3B of $8.9B

15.5% McLennan
17.5% Hill
8.5% Coryell
0.5% Brazos

Executive Summary

  • Earnings: ROA of 2.01%, up 8 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.10% of loans (-3 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.83%, down 78 bps from a year ago.
  • Funding: loans stand at 88.86% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.01%+8 bps YoY

Net Interest Margin (YTD, annualized)

3.92%+9 bps YoY

Efficiency Ratio (YTD, annualized)

43.55%-39 bps YoY

Tier 1 Leverage Ratio

10.83%-78 bps YoY

NIM

5.49%Q2 ’245.43%Q2 ’255.30%Q2 ’26+7%+2%

Non-interest income vs. expense

1.65%Q2 ’241.87%Q2 ’251.91%Q2 ’26+20%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.85%1.83%1.82%1.92%1.96%2.01%2.00%2.01%+8 bps
Return on Equity18.47%17.79%15.65%16.58%16.88%17.23%17.29%17.74%+116 bps
Net Interest Margin3.58%3.68%3.75%3.83%3.85%3.78%3.93%3.92%+9 bps
Efficiency Ratio42.56%43.60%45.32%43.94%43.51%42.69%43.79%43.55%-39 bps
Non-Interest Burden1.28%1.37%1.46%1.45%1.44%1.38%1.45%1.44%-1 bps
Growth
Asset Growth (YoY)1.46%-2.43%-4.55%-1.32%2.04%3.25%10.08%12.85%+1,417 bps
Loan Growth (YoY)0.41%1.82%5.59%4.60%7.93%9.82%9.82%13.03%+844 bps
Deposit Growth (YoY)10.14%5.83%4.09%3.89%1.37%2.86%10.77%13.48%+959 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.21%0.12%0.13%0.12%0.13%0.07%0.10%-3 bps
Net Charge-Offs / Loans0.04%0.08%0.00%0.00%0.00%-0.01%0.03%0.01%+2 bps
Allowance / Loans1.30%1.27%1.24%1.24%1.23%1.24%1.20%1.20%-4 bps
Allowance Coverage of NPLs5.4x6.2x10.3x9.6x9.9x9.8x17.2x12.3x+2.8x
Capital
Tier 1 Leverage Ratio10.79%11.46%11.97%11.61%11.69%11.24%11.38%10.83%-78 bps
Total Risk-Based Capital17.11%17.33%17.31%17.17%17.23%16.53%16.27%15.80%-137 bps
Equity / Assets10.82%11.38%11.83%11.56%11.69%11.80%11.38%10.77%-79 bps
Liquidity & Funding
Loans / Deposits83.11%87.54%91.10%89.22%88.49%93.46%90.32%88.86%-35 bps
Liquid Assets / Assets16.17%12.93%10.04%11.89%13.13%8.91%11.30%13.05%+115 bps
CRE / Total Capitaln/an/an/an/a302%319%317%n/an/a