First State Bank: how it compares with its peers
Against 112 TX banks with half to twice its assets, First State Bank's strongest measure in Q2 2026 is net interest margin (4.90% vs. a 4.14% peer median). Its weakest relative measure is assets per employee ($4.3M vs. $6.4M).
| Measure | First State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.32% | 1.41% | Middle third Ahead of 45% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.90% | 4.14% | Top third Ahead of 82% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 72.47% | 64.03% | Bottom third Ahead of 25% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.3M | $6.4M | Bottom third Ahead of 8% of peers |
| Loans to deposits Net loans and leases over total deposits. | 85.97% | 62.84% | Context |
What it means for lending operations
Its efficiency ratio of 72.47% is above the 64.03% 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
- Agility Bank, National Association Houston, TX · $152M
- Carmine State Bank Carmine, TX · $149M
- First National Bank of Fort Stockton Fort Stockton, TX · $153M
- Bank19 Memphis, TX · $148M
- Mason Bank Mason, TX · $147M
Questions about First State Bank
How big is First State Bank?
First State Bank, established in 1960, is headquartered in Shallowater, TX. It reported $151M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is First State Bank's return on assets?
1.32% annualized in Q2 2026, against a 1.41% median for 112 TX banks with half to twice its assets, ahead of 45% of them.
What is First State Bank's efficiency ratio?
72.47% in Q2 2026: it spent about 72 cents in noninterest expense for each dollar of revenue. The peer median is 64.03%, and lower is better.
Is First State Bank growing its loans?
Net loans grew 19.8% over the year to Q2 2026, while deposits grew 0.3%.
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.