First State Bank (Gainesville, 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 Gainesville, TX, established in 1905 (FDIC certificate 15511), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $1.85B, up 2.2% from Q2 2025, the 56th largest of 346 banks headquartered in Texas. Its CET1 capital ratio was 14.08% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 15511
- Headquarters
- Gainesville, TX
- Established
- 1905
- Total assets, Q2 2026
- $1.85B
- Assets vs Q2 2025
- +2.2%
- CET1 ratio, Q2 2026
- 14.08%
- Domestic offices
- 14 FDIC institution directory, current count
- Routing number
- 111901467
- Holding company
- RED RIVER BANCORP, INC.
- Asset rank in state
- 56th of 346 in Texas
First State Bank spends more to run itself than most banks of its size. The Gainesville, Texas bank had $1.9 billion in assets at June 30, 2026, up 2.2% from a year earlier. It spends about 74 cents to bring in each dollar of revenue, higher than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). On the other hand, it pays an average of 1.45% on its deposits and borrowings, lower than about three-quarters of banks its size (median 2.01%).
Earnings fell sharply: quarterly net income of $4.0 million was 74% below a year earlier. Its $196 million non-owner-occupied commercial real estate book is now fully current, after 7.40% of it was past due or on nonaccrual a year earlier. Profitability lags: it earns about $0.85 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.29).
As of June 30, 2026, First State Bank reported a CET1 capital ratio of 14.08%, a return on assets of 0.85%, a nonperforming-loan ratio of 0.94% and a Texas ratio of 7.76%. The figures come from its call report filed with the FFIEC.
Of the 346 banks headquartered in Texas, First State Bank is the 56th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.1% to $1.85B, loans fell 1.1% and deposits rose 2.1%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 25.7% of total loans, followed by non-owner-occupied commercial real estate loans at 20.6%. The FDIC Summary of Deposits lists 14 offices for it, in 11 cities in TX; its Gainesville 3 offices book 56% of its branch deposits. Judged on its Q2 2026 call report, First State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 801 E California St, Gainesville, TX 76240
- County
- Cooke
- Metro Area
- Gainesville, TX
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 11, Dallas
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- August 16, 1905
- Former names
- The First State Bank of Gainesville (1985-2002); The First State Bank (1977-1985)
- Domestic offices
- 14 FDIC institution directory, current count
- Employees (FTE)
- 288
- Domestic deposits
- $1.66B
- Allowance for credit losses
- $13.0M
- Net charge-offs (YTD)
- $1.9M
- Average total assets
- $1.88B
- Average total loans
- $965.6M
- Average interest-bearing deposits
- $1.07B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 9, 1937
- FDIC Cert
- 15511
- Fed RSSD
- 435750
- SEC CIK
- 1895259 → filed by RED RIVER BANCORP, INC.
- Website
- http://www.firststate.bank →
- Parent Holding Company
- RED RIVER BANCORP, INC. (RSSD 1132243)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
First State Bank's total assets moved between a low of $1.72B (Q3 2023) and a high of $1.85B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.85B total assets against $1.81B; $1.70B total liabilities against $1.68B.
$942.7M net loans and leases against $935.5M; $1.66B total deposits against $1.64B.
$641.5M securities against $644.6M; $110.1M cash and balances due against $81.2M.
$23.0M total interest income against $20.7M; $6.0M total interest expense against $6.8M.
$17.0M net interest income against $13.9M.
$4.4M total noninterest income against $23.7M; $16.2M total noninterest expense against $15.4M.
$450K provision for credit losses against $1.4M.
$4.0M net income against $15.4M.
0.85% return on assets against 3.35%; 4.07% net interest margin against 3.33%.
14.08% CET1 capital ratio against 13.77%; 9.61% tier 1 leverage ratio against 9.56%.
Inside the full First State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst State Bank rankings
Its closest position to the top of a national ranking is 631 of 4,196, for total assets; its furthest is 3,000 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.60% (Q4 2024) to 3.35% (Q2 2025) and its net interest margin ran from 2.99% (Q3 2024) to 4.07% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.08% | 0.85% | 0.94% | 7.76% | 4.07% |
| Q1 2026 | 13.91% | 0.71% | 0.12% | 3.73% | 3.98% |
| Q4 2025 | 13.39% | 0.82% | 0.89% | 5.75% | 4.05% |
| Q3 2025 | 13.43% | -0.07% | 0.52% | 3.48% | 3.82% |
| Q2 2025 | 13.77% | 3.35% | 1.58% | 11.22% | 3.33% |
| Q1 2025 | 12.98% | 0.48% | 0.78% | 6.44% | 3.11% |
| Q4 2024 | 12.87% | -0.60% | 0.46% | 3.84% | 2.99% |
| Q3 2024 | 14.31% | 0.55% | 0.46% | 3.25% | 2.99% |
Swipe the table sideways to see every column.
Branch Network
View all 14 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) | Gainesville , TX | 76240 | $598.8M |
| North Texas Branch | Gainesville , TX | 76240 | $273.1M |
| Whitesboro Branch | Whitesboro , TX | 76273 | $156.1M |
| Denton Branch | Denton , TX | 76201 | $148.7M |
| North Texas Bank Branch | Decatur , TX | 76234 | $135.6M |
| Muenster Branch | Muenster , TX | 76252 | $61.5M |
| Lake Kiowa Branch | Gainesville , TX | 76240 | $55.1M |
| Rayzor Ranch Branch | Denton , TX | 76201 | $53.6M |
| Saint Jo Branch | Saint Jo , TX | 76265 | $52.8M |
| Waco Branch | Waco , TX | 76710 | $37.2M |
| Sherman Branch | Sherman , TX | 75090 | $29.7M |
| Celina Branch | Celina , TX | 75009 | $28.4M |
| Roanoke Branch | Roanoke , TX | 76262 | $19.6M |
| Denison Branch | Denison , TX | 75020 | $10.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 31, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 31, 2015 | Structure Change | Acquired North Texas Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 25, 2008 | Structure Change | Acquired another institution Charter Retained (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 1996 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1996 | Structure Change | Acquired North Texas Bank and Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in TX, rank 78 of 441 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 322 applications, 208 loans originated, $63.3M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $995K approved, $995K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 $1.85 billion in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Gainesville, TX, United States.
When was First State Bank founded?
It was established in 1905, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15511). 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 Federal Reserve.
What is First State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.08% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First State Bank operate?
It operates 14 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 7.76% 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.
What was First State Bank previously called?
The charter now named First State Bank has also operated as The First State Bank of Gainesville (1985-2002), The First State Bank (1977-1985), per FDIC structure-change records.
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