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Q2 2026 · read from the 30 June 2026 Call Report · United States · Southwest · Texas, the state note

First State Bank

Louise, Texas · $895M in assets · beside the 11 other Texas banks between $300M and $1B

The filing

25.5%
CRE / loans
1st of 12
8.9%
Equity / assets
11th of 12
2.16%
NPA / loans
11th of 12

First State Bank is the seventh largest of the 12 Texas banks nearest its size between $300M and $1B, with $895M in assets at 30 June 2026. Loans are 80.8% of deposits, 5th of 12 against a median of 85.1%, and equity is 8.9% of assets, 11th of 12. Loans grew +8.7% in the year, 4th of 12, and deposits grew 9.7%; the cohort's median loan growth is +5.4%.

Noncurrent loans are 2.16% of the book, 11th of 12 against a median of 0.50%; 0.19% is 30 to 89 days past due, and the allowance covers them 0.6 times. Net charge-offs are 0.12% of loans, 9th of 12. Commercial real estate is 25.5% of loans, the lowest in the cohort against a median of 37.3%, and 173% of capital, below the 300% screen, with construction at 112% against the 100% screen.

Return on assets is 2.37%, 3rd of 12 against a median of 1.53%, on an efficiency ratio of 53.3%, 3rd of 12. Five years ago it was 2.00%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate, share of loansTX banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 37.3% FS First State Bank 25.5% TN Texas National Bank of Jacksonville 27.8% WB Western Bank 29.9% FL First Liberty Bank 32.6% TH Texas Heritage National Bank 36.1% Bo Bank of the West 37.1% FN First National Bank of Granbury 37.4% TB Titan Bank N A 42.2% PS Plains State Bank 46.3% NN Newfirst National Bank 50.4% HB Harmony Bank 54.3% TB Texas Bank 56.4%
Loans, year over yearTX banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +5.4% TB Titan Bank N A +24.1% FL First Liberty Bank +23.4% WB Western Bank +18.2% FS First State Bank +8.7% FN First National Bank of Granbury +6.2% HB Harmony Bank +5.7% TB Texas Bank +5.1% NN Newfirst National Bank -1.5% Bo Bank of the West -2.0% TH Texas Heritage National Bank -2.6% TN Texas National Bank of Jacksonville -4.8% PS Plains State Bank -6.1%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 6 CBLR filers, First State Bank among them; owner-occupied excluded; bold marks a screen met
First State BankRankCohort median
Total CRE against capital, the 300% screen173%4th of 12214%
Construction against capital, the 100% screen112%9th of 12105%
Construction and land development, share of loans16.6%6th of 1216.9%
Non-owner-occupied nonfarm nonresidential, share of loans7.2%1st of 1217.2%
Total CRE, the guidance definition, share of loans25.5%1st of 1237.3%
CRE growth over 36 months, the third prong+17.4%6th of 12+29.5%
Commercial real estate against capital, the 300% screenTX banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 214% TB Titan Bank N A 142% FL First Liberty Bank 171% FN First National Bank of Granbury 172% FS First State Bank 173% TN Texas National Bank of Jacksonville 196% PS Plains State Bank 207% Bo Bank of the West 221% WB Western Bank 266% TH Texas Heritage National Bank 276% NN Newfirst National Bank 300% HB Harmony Bank 324% TB Texas Bank 389%
CRE growth over 36 months, the guidance's third prongTX banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median +29.5% TN Texas National Bank of Jacksonville +2.7% NN Newfirst National Bank +6.3% PS Plains State Bank +10.4% TB Texas Bank +13.9% Bo Bank of the West +14.8% FS First State Bank +17.4% FN First National Bank of Granbury +41.6% TB Titan Bank N A +49.2% HB Harmony Bank +49.2% WB Western Bank +49.6% FL First Liberty Bank +101.4% TH Texas Heritage National Bank +138.6%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Texas Bank$954M1.2%64.9%0.46%0.52%1.1%84.9%10.6%
Western Bank$947M1.9%62.9%0.31%0.00%1.2%97.0%8.9%
First National Bank of Granbury$946M1.3%58.1%0.78%0.01%1.2%63.6%11.1%
Texas Heritage National Bank$936M1.4%63.6%1.27%0.04%1.3%99.0%10.1%
Newfirst National Bank$935M3.3%39.5%0.21%0.01%1.4%85.8%12.4%
Titan Bank N A$896M7.3%11.8%0.54%0.00%1.2%54.4%12.6%
First State Bank$895M2.4%53.3%2.16%0.12%1.3%80.8%8.9%
First Liberty Bank$873M1.3%64.2%0.42%0.10%1.3%65.0%11.4%
Harmony Bank$855M1.1%63.8%0.02%0.50%1.1%88.9%16.3%
Texas National Bank of Jacksonville$852M-0.3%90.2%1.03%0.46%1.9%85.4%9.9%
Bank of the West$830M1.6%61.9%0.00%0.00%1.1%67.4%9.3%
Plains State Bank$828M1.6%55.0%4.41%0.01%1.6%90.7%16.5%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First State BankCohort median
20212026Change20212026Change
Loans$478M$652M+36%$378M$641M+70%
Deposits$588M$807M+37%$567M$784M+38%
NPA / loans0.07%2.16%+2.09 pts0.31%0.50%+0.19 pts
Efficiency56.4%53.3%-3.1 pts59.5%62.4%+2.9 pts
ROA2.00%2.37%+0.38 pts1.39%1.53%+0.14 pts

This read was prepared for First State Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First State Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort TX banks $300M to $1B
Institution www.fsblouise.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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