First State Bank (Watonga, OK)
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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 Watonga, OK, established in 1974 (FDIC certificate 21752), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $89.8M, up 6.4% from Q2 2025, the 133rd largest of 169 banks headquartered in Oklahoma. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.18% 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
- 21752
- Headquarters
- Watonga, OK
- Established
- 1974
- Total assets, Q2 2026
- $89.8M
- Assets vs Q2 2025
- +6.4%
- Tier 1 leverage ratio, Q2 2026
- 13.18%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 103101929
- Holding company
- FIRST STATE BANCORPORATION OF WATONGA, INC.
- Asset rank in state
- 133rd of 169 in Oklahoma
First State Bank leans heavily on commercial real estate. The Watonga, Oklahoma bank had $90 million in assets at June 30, 2026, up 6.4% from a year earlier. It holds commercial real estate loans worth 1.5 times its capital, 5.8 times the median of 26% for the 583 banks with less than $100 million in assets. On the other hand, it returns 18.1% a year on shareholders' equity, about double the median of 8.6% for banks its size.
Earnings jumped: net income for the quarter was $452,000, 38% above the same quarter a year earlier. The non-owner-occupied commercial real estate book ($20 million) is worsening: 2.27% of it is past due or on nonaccrual, up from 0.21% a year earlier. One more trend to watch: loans are outrunning deposits: over the year loans rose 12.5% and deposits rose 6.0%.
As of June 30, 2026, First State Bank reported a return on assets of 2.02%, a nonperforming-loan ratio of 1.28% and a Texas ratio of 5.58%. The figures come from its call report filed with the FFIEC.
Of the 169 banks headquartered in Oklahoma, First State Bank is the 133rd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.1% to $89.8M, loans fell 5.4% and deposits fell 0.3%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 39.4% of total loans, ahead of agricultural production loans at 18.4%. The FDIC Summary of Deposits lists a single office for it, in Watonga, OK. On its Q2 2026 call report, First State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 321 W Main St, Watonga, OK 73772
- County
- Blaine
- 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 10, Kansas City
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 5, 1974
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 15
- Domestic deposits
- $79.2M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- $0
- Average total assets
- $89.7M
- Average total loans
- $50.1M
- Average interest-bearing deposits
- $57.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 5, 1974
- FDIC Cert
- 21752
- Fed RSSD
- 965051
- Website
- www.fsbwatonga.com →
- Parent Holding Company
- FIRST STATE BANCORPORATION OF WATONGA, INC. (RSSD 1061110)
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
Over the 12 quarters to Q2 2026, First State Bank's total assets ran between $78.1M (Q3 2024) and $89.8M (Q2 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
$89.8M total assets against $84.4M; $79.7M total liabilities against $75.5M.
$48.5M net loans and leases against $43.0M; $79.2M total deposits against $74.7M.
$20.9M securities against $23.0M; $17.4M cash and balances due against $15.0M.
$1.3M total interest income against $1.3M; $325K total interest expense against $303K.
$1.0M net interest income against $992K.
$79K total noninterest income against $46K; $616K total noninterest expense against $681K.
$20K provision for credit losses against $29K.
$452K net income against $328K.
2.02% return on assets against 1.57%; 4.57% net interest margin against 4.78%.
13.18% tier 1 leverage ratio against 13.25%.
Inside the full First State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.46% (Q1 2025) to 2.14% (Q1 2026) and its net interest margin ran from 3.84% (Q3 2024) to 4.87% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.18% | 2.02% | 1.28% | 5.58% | 4.57% |
| Q1 2026 | 13.49% | 2.14% | 0.05% | 0.23% | 4.69% |
| Q4 2025 | 13.61% | 1.86% | 0.06% | 0.26% | 4.87% |
| Q3 2025 | 13.43% | 1.97% | 0.98% | 4.08% | 4.74% |
| Q2 2025 | 13.25% | 1.57% | 1.17% | 5.08% | 4.78% |
| Q1 2025 | 13.70% | 1.46% | 0.28% | 1.21% | 4.68% |
| Q4 2024 | 13.76% | 1.53% | 0.27% | 1.28% | 4.41% |
| Q3 2024 | 12.82% | 1.55% | 0.32% | 1.35% | 3.84% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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) | Watonga , OK | 73772 | $79.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in OK, rank 151 of 192 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $270K approved, $90K average. 33.33% of that year's loans have since been charged off
- Period: Federal fiscal year 2003 (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 $89.8 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Watonga, OK, United States.
When was First State Bank founded?
It was established in 1974, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #21752). 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 1 domestic office, 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 5.58% 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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