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First State Bank, The

Norton, KS · Cert 5835 · Norton Bankshares Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$493.2MAssets
$284.0MLoans
$406.6MDeposits
$54.2MEquity
Loan mix
64%RE $120.1M27%C&I $51.1M8%Consumer $15.6MQ3 2024Q2 2026
Deposit mix
68%Interest-bearing $274.9M32%Noninterest $131.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.50%, up 26 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.10% of loans (-97 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 13.05%, up 118 bps from a year ago.
  • Funding: loans stand at 69.84% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.50%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.89%+52 bps YoY

Efficiency Ratio (YTD, annualized)

51.49%-681 bps YoY

Tier 1 Leverage Ratio

13.05%+118 bps YoY

NIM

4.75%Q2 ’244.97%Q2 ’255.24%Q2 ’26+8%+15%

Non-interest income vs. expense

2.16%Q2 ’242.19%Q2 ’252.20%Q2 ’26-1%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.18%1.12%1.25%1.32%1.34%1.47%1.50%+26 bps
Return on Equity14.64%15.22%13.05%14.21%14.68%14.64%14.47%14.39%+19 bps
Net Interest Margin3.09%3.14%3.29%3.37%3.43%3.46%3.81%3.89%+52 bps
Efficiency Ratio60.11%58.76%62.09%58.31%56.17%55.20%51.75%51.49%-681 bps
Non-Interest Burden1.72%1.70%1.88%1.78%1.74%1.72%1.78%1.80%+2 bps
Growth
Asset Growth (YoY)2.66%2.94%3.18%-1.98%2.62%3.84%2.19%0.29%+227 bps
Loan Growth (YoY)10.79%14.15%17.22%12.29%13.67%14.86%9.36%1.38%-1,091 bps
Deposit Growth (YoY)-2.54%0.37%-0.59%-5.20%0.39%2.99%5.07%-0.51%+469 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.17%0.21%1.07%0.21%0.17%0.26%0.10%-97 bps
Net Charge-Offs / Loans0.00%0.01%0.02%0.08%0.08%0.06%0.19%0.15%+7 bps
Allowance / Loans1.89%1.81%1.84%1.74%1.66%1.65%1.79%1.90%+16 bps
Allowance Coverage of NPLs11.6x10.4x8.6x1.6x8.0x9.8x7.0x18.1x+16.5x
Capital
Tier 1 Leverage Ratio10.95%11.14%11.61%11.87%11.99%12.19%12.54%13.05%+118 bps
Total Risk-Based Capital10.95%11.14%11.61%11.87%11.99%12.19%12.54%13.05%+118 bps
Equity / Assets8.30%8.17%8.95%9.24%9.61%9.86%10.54%10.99%+175 bps
Liquidity & Funding
Loans / Deposits61.89%64.36%65.41%68.54%70.07%71.78%68.08%69.84%+130 bps
Liquid Assets / Assets16.65%16.45%16.76%16.46%15.74%15.36%15.91%15.84%-62 bps
CRE / Total Capitaln/an/an/an/a49.06%48.73%47.64%n/an/a