The First State Bank: how it compares with its peers
Against 94 TX banks with half to twice its assets, The First State Bank's strongest measure in Q2 2026 is net interest margin (7.46% vs. a 4.02% peer median). Its weakest relative measure is efficiency ratio (67.77% vs. 64.25%).
| Measure | The First State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.70% | 1.35% | Top third Ahead of 73% of peers |
| Net interest margin Annualized net interest income over earning assets. | 7.46% | 4.02% | Top third Ahead of 100% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.77% | 64.25% | Middle third Ahead of 37% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.5M | $6.1M | Middle third Ahead of 38% of peers |
| Loans to deposits Net loans and leases over total deposits. | 90.36% | 58.43% | Context |
What it means for lending operations
Its efficiency ratio of 67.77% is above the 64.25% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Lone Oak Bank, National Association Eldorado, TX · $120M
- Stockmens National Bank in Cotulla Cotulla, TX · $124M
- Henderson Federal Savings Bank Henderson, TX · $118M
- Dalhart Federal Savings & Loan Association, SSB Dalhart, TX · $126M
- Commercial State Bank Palmer, TX · $127M
- Spectra Bank Fort Worth, TX · $127M
Questions about The First State Bank
How big is The First State Bank?
The First State Bank, established in 1909, is headquartered in Abernathy, TX. It reported $121M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is The First State Bank's return on assets?
1.70% annualized in Q2 2026, against a 1.35% median for 94 TX banks with half to twice its assets, ahead of 73% of them.
What is The First State Bank's efficiency ratio?
67.77% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 64.25%, and lower is better.
Is The First State Bank growing its loans?
Net loans grew 8.5% over the year to Q2 2026, while deposits grew 24.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are TX banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Texas bank ranked.