Herring Bank: how it compares with its peers
Against 139 TX banks with half to twice its assets, Herring Bank's strongest measure in Q2 2026 is net interest margin (5.70% vs. a 4.21% peer median). Its weakest relative measure is assets per employee ($3.0M vs. $7.4M).
| Measure | Herring Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.15% | 1.47% | Bottom third Ahead of 4% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.70% | 4.21% | Top third Ahead of 98% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 94.55% | 60.31% | Bottom third Ahead of 2% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $3.0M | $7.4M | Bottom third Ahead of 1% of peers |
| Loans to deposits Net loans and leases over total deposits. | 76.74% | 75.23% | Context |
What it means for lending operations
Its efficiency ratio of 94.55% is above the 60.31% 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
- Austin County State Bank Bellville, TX · $543M
- Bank of Texas Midland, TX · $544M
- First State Bank and Trust Company Carthage, TX · $547M
- Fayette Savings Bank, SSB La Grange, TX · $552M
- Texas Traditions Bank Katy, TX · $556M
- State Bank of De Kalb De Kalb, TX · $520M
Questions about Herring Bank
How big is Herring Bank?
Herring Bank, established in 1899, is headquartered in Amarillo, TX. It reported $541M in total assets in its Q2 2026 FDIC call report and operates 12 offices.
What is Herring Bank's return on assets?
0.15% annualized in Q2 2026, against a 1.47% median for 139 TX banks with half to twice its assets, ahead of 4% of them.
What is Herring Bank's efficiency ratio?
94.55% in Q2 2026: it spent about 95 cents in noninterest expense for each dollar of revenue. The peer median is 60.31%, and lower is better.
Is Herring Bank growing its loans?
Net loans grew 6.6% over the year to Q2 2026, while deposits grew 6.5%.
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.