First State Bank (Spearman, TX)
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Data as of · sourced from FFIEC call reports. How we update
First State Bank is an FDIC-insured commercial bank headquartered in Spearman, TX, established in 1917 (FDIC certificate 1218), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $184.0M, up 2.1% from Q2 2025, the 260th largest of 346 banks headquartered in Texas. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.57% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1218
- Headquarters
- Spearman, TX
- Established
- 1917
- Total assets, Q2 2026
- $184.0M
- Assets vs Q2 2025
- +2.1%
- Tier 1 leverage ratio, Q2 2026
- 12.57%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 111317844
- Latest call report
- Q2 2026, FFIEC 051 · First State Bank call report
- Holding company
- FIRST STATE BANKSHARES, INC.
- Asset rank in state
- 260th of 346 in Texas
Problem loans are rising at First State Bank. It reported $184 million in assets at June 30, 2026, up 2.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 4.44% of loans from 0.55% a year earlier. It carries problem assets equal to 25.7% of the capital and reserves that would absorb them, 9.7 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also lost 2.3% of its deposits over the year, lower than about three-quarters of banks its size (median 4.0%).
The commercial and industrial book ($29 million) is worsening: 9.27% of it is past due or on nonaccrual, up from 3.24% a year earlier. Net income for the quarter rose 15% from a year earlier, to $838,000. Funding is the softer spot: it pays an average of 2.50% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, First State Bank reported a return on assets of 1.78%, a nonperforming-loan ratio of 4.44% and a Texas ratio of 25.75%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First State Bank is the 260th largest of the 346 banks headquartered in Texas. Between Q1 2026 and Q2 2026, its total assets fell 3.8% to $184.0M, loans rose 0.1% and deposits fell 3.9%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 21.3% of total loans, ahead of commercial and industrial loans at 19.9%. The FDIC Summary of Deposits lists 2 offices for it, in Spearman, TX and Amarillo, TX; its Spearman office books 89% of its branch deposits. By the capital ratios in its Q2 2026 call report, First State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1 Ne Court St, Spearman, TX 79081
- County
- Hansford
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 11, Dallas
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1917
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 33
- Domestic deposits
- $154.0M
- Allowance for credit losses
- $1.8M
- Net charge-offs (YTD)
- $99K
- Average total assets
- $188.2M
- Average total loans
- $138.2M
- Average interest-bearing deposits
- $117.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1218
- Fed RSSD
- 407168
- Website
- www.fsbtx.com →
- Parent Holding Company
- FIRST STATE BANKSHARES, INC. (RSSD 1417137)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First State Bank's total assets ranged from $175.5M (Q4 2024) to $191.2M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$184.0M total assets against $180.2M; $160.4M total liabilities against $158.8M.
$145.4M net loans and leases against $147.6M; $154.0M total deposits against $157.7M.
$10.9M securities against $10.7M; $23.2M cash and balances due against $17.4M.
$2.9M total interest income against $3.0M; $1.0M total interest expense against $1.2M.
$1.9M net interest income against $1.9M.
$153K total noninterest income against $161K; $1.2M total noninterest expense against $1.2M.
$75K provision for credit losses against $50K.
$838K net income against $729K.
1.78% return on assets against 1.59%; 4.21% net interest margin against 4.17%.
12.57% tier 1 leverage ratio against 11.67%.
Inside the full First State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
First State Bank rankings
Its closest position to the top of a national ranking is 93 of 3,640, for Texas Ratio; its furthest is 3,074 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.46% (Q3 2024) to 1.90% (Q3 2025) and its net interest margin ran from 4.08% (Q1 2025) to 4.58% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.57% | 1.78% | 4.44% | 25.75% | 4.21% |
| Q1 2026 | 12.65% | 1.69% | 2.42% | 14.36% | 4.39% |
| Q4 2025 | 12.84% | 1.76% | 0.24% | 1.46% | 4.54% |
| Q3 2025 | 12.36% | 1.90% | 0.39% | 2.48% | 4.58% |
| Q2 2025 | 11.67% | 1.59% | 0.55% | 3.54% | 4.17% |
| Q1 2025 | 11.56% | 1.58% | 0.46% | 2.96% | 4.08% |
| Q4 2024 | 11.39% | 1.72% | 1.67% | 11.70% | 4.21% |
| Q3 2024 | 11.18% | 1.46% | 0.57% | 4.19% | 4.13% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First State Bank (main office) | Spearman , TX | 79081 | $137.6M |
| Downtown Amarillo Branch | Amarillo , TX | 79101 | $16.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in TX, rank 321 of 441 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $206K approved, $206K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2001 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First State Bank
What are First State Bank's total assets?
As of the Q2 2026 filing, First State Bank reported total assets of $184.0 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Spearman, TX, United States.
When was First State Bank founded?
It was established in 1917, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1218). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank?
First State Bank's primary federal regulator is the FDIC.
How many branches does First State Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank's Texas Ratio?
Its Texas Ratio is 25.75% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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