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First National Bank of Mertzon, The

Mertzon, TX · Cert 3339

National charter · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in TX3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in TX (n=208 to 211). 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

94

Q2 2024Q2 2026peer median (50)

Asset Quality

82

Q2 2024Q2 2026peer median (50)

Profitability

48

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

98

Q2 2024Q2 2026peer 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 of Mertzon, The

Mertzon, TX · Cert 3339

National charter · OCC · 3 branches

Q2 2026

$500.3MAssets
$91.1MLoans
$420.2MDeposits
$78.9MEquity
Loan mix
75%RE $56.6M21%C&I $15.8M4%Consumer $3.3MQ3 2024Q2 2026
Deposit mix
69%Interest-bearing $291.9M31%Noninterest $128.4MQ3 2024Q2 2026

Market Position · San Angelo, TX · 2026 SOD (annual) · 12.3% share · #3 of 15 inst. · $0.4B of $3.4B

7.1% Tom Green
100.0% Irion

Executive Summary

  • Earnings: ROA of 1.72%, down 23 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.75%, up 288 bps from a year ago.
  • Funding: loans stand at 21.68% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.72%-23 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-12 bps YoY

Efficiency Ratio (YTD, annualized)

31.20%+559 bps YoY

Tier 1 Leverage Ratio

15.75%+288 bps YoY

NIM

3.90%Q2 ’243.69%Q2 ’253.64%Q2 ’26-6%-4%

Non-interest income vs. expense

0.89%Q2 ’240.85%Q2 ’251.00%Q2 ’26-4%+19%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.08%2.02%1.81%1.95%1.94%1.87%1.62%1.72%-23 bps
Return on Equity17.83%17.13%14.71%15.56%15.15%14.15%10.59%11.18%-437 bps
Net Interest Margin3.35%3.31%3.12%3.25%3.28%3.49%3.00%3.13%-12 bps
Efficiency Ratio24.75%27.41%27.32%25.61%26.28%30.19%33.55%31.20%+559 bps
Non-Interest Burden0.77%0.86%0.79%0.77%0.81%1.00%0.96%0.92%+15 bps
Growth
Asset Growth (YoY)4.31%4.85%9.68%6.75%5.12%-8.72%-8.91%-7.30%-1,405 bps
Loan Growth (YoY)-11.60%-20.29%-18.33%-5.13%3.43%5.26%16.00%22.69%+2,782 bps
Deposit Growth (YoY)2.54%3.19%8.70%5.40%3.65%-11.91%-11.95%-10.15%-1,555 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.00%0.00%0.00%0.14%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.03%0.02%0.02%0.00%0.00%-3 bps
Allowance / Loans2.07%2.30%2.35%2.18%2.15%2.16%2.01%1.77%-41 bps
Allowance Coverage of NPLs24.7xn/an/an/a15.3xn/an/an/an/a
Capital
Tier 1 Leverage Ratio12.10%12.10%12.77%12.87%13.53%14.70%15.48%15.75%+288 bps
Total Risk-Based Capital85.25%85.66%89.90%86.69%90.26%91.63%85.81%78.10%-859 bps
Equity / Assets12.19%12.29%12.27%13.13%13.40%15.32%15.18%15.77%+264 bps
Liquidity & Funding
Loans / Deposits15.93%15.19%14.35%15.88%15.90%18.15%18.90%21.68%+580 bps
Liquid Assets / Assets84.89%85.42%86.14%85.02%85.07%83.27%82.65%80.42%-460 bps
CRE / Total Capitaln/an/an/an/a47.71%44.79%53.09%n/an/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 of Mertzon, The

Mertzon, TX · Cert 3339 · Peer group: banks under $1B in assets in TX (n=208-211)

National charter · OCC · 3 branches

Q2 2026

$500.3MAssets
$91.1MLoans
$420.2MDeposits
$78.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in TX (rank 44 of 208).
  • Widest gap: net interest margin trails 79% of banks under $1B in assets in TX (rank 166 of 211).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.71%

Rank 46 of 211

Net Interest Margin

3.13%

Rank 166 of 211

Efficiency Ratio

31.20%

Rank 6 of 211

Equity / Assets

15.77%

Rank 27 of 211

Non-interest income vs. expense

$0.4M$5.0MINCOMEEXPENSE
Unfavorable gap of $4.6M · efficiency ratio beats 98% of banks under $1B in assets in TX
Bank 31.20%Peer median 64.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.71%0.87%1.20%1.65%Beats 78%46 / 211
Return on Equity10.87%7.52%11.67%14.58%Beats 45%116 / 211
Net Interest Margin3.13%3.28%3.82%4.31%Beats 21%166 / 211
Efficiency Ratio31.20%53.01%64.18%73.65%Beats 98%6 / 211
Asset Quality
Nonperforming Loans / Loans0.00%0.01%0.30%1.10%Beats 100%44 / 208
Net Charge-Offs / Loans0.00%0.00%0.01%0.06%Beats 63%78 / 208
Capital
Tier 1 Capital Ratio76.85%11.72%14.45%19.57%Beats 98%5 / 211
Total Risk-Based Capital Ratio78.10%11.94%14.78%20.30%Beats 98%5 / 211
Equity / Assets15.77%9.41%11.06%12.94%Beats 87%27 / 211
Liquidity & Funding
Loans / Deposits21.68%45.39%66.56%82.03%4th pctl199 / 208
Loans / Assets18.21%39.13%56.90%70.46%6th pctl199 / 211
Brokered Deposits / Depositsn/aNot reported for this institution