The First State Bank (Abernathy, TX)
BankRegReports is independent of The First State Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
The First State Bank is an FDIC-insured commercial bank headquartered in Abernathy, TX, established in 1909 (FDIC certificate 11175), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $121.4M, up 4.4% from Q2 2025, the 299th largest of 346 banks headquartered in Texas. Its CET1 capital ratio was 15.85% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 11175
- Headquarters
- Abernathy, TX
- Established
- 1909
- Total assets, Q2 2026
- $121.4M
- Assets vs Q2 2025
- +4.4%
- CET1 ratio, Q2 2026
- 15.85%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 111309030
- Holding company
- TURNER BANCSHARES, INC.
- Asset rank in state
- 299th of 346 in Texas
Problem loans are rising at The First State Bank. The Abernathy, Texas bank had $121 million in assets at June 30, 2026, up 4.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.93% of loans from 0.41% a year earlier. It keeps 7.79 cents of net interest income on every dollar of earning assets, about double the median of 3.95 cents for the 2,660 banks with $100 million to $1 billion in assets. It also grew deposits 24.7% over the year, 6.1 times the median of 4.0% for banks its size.
Deposits are coming in faster than loans: over the year loans rose 8.4% and deposits rose 24.7%. The commercial and industrial book ($15 million) is worsening: 6.15% of it is past due or on nonaccrual, up from 2.25% a year earlier.
As of June 30, 2026, The First State Bank reported a CET1 capital ratio of 15.85%, a return on assets of 2.16%, a nonperforming-loan ratio of 2.13% and a Texas ratio of 4.94%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The First State Bank is the 299th largest of the 346 banks headquartered in Texas. Between Q1 2026 and Q2 2026, its total assets fell 1.9% to $121.4M, loans rose 1.4% and deposits fell 0.8%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 38.5% of total loans, ahead of non-owner-occupied commercial real estate loans at 23.5%. The FDIC Summary of Deposits lists 3 offices for it, in Stamford, TX, Abernathy, TX and Haskell, TX; its Stamford office books 40% of its branch deposits. Judged on its Q2 2026 call report, The First State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 402 9th St, Abernathy, TX 79311
- County
- Hale
- Metro Area
- Plainview, TX
- 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
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1909
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 22
- Domestic deposits
- $96.4M
- Allowance for credit losses
- $1.1M
- Net charge-offs (YTD)
- -$27K
- Average total assets
- $122.1M
- Average total loans
- $87.0M
- Average interest-bearing deposits
- $52.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 11175
- Fed RSSD
- 305059
- SEC CIK
- 1931304 → filed by TURNER BANCSHARES, INC.
- Website
- www.fsbabernathy.net →
- Parent Holding Company
- TURNER BANCSHARES, INC. (RSSD 4665322)
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
From Q3 2023 to Q2 2026, The First State Bank's total assets ranged from $88.3M (Q3 2023) to $127.6M (Q4 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$121.4M total assets against $116.3M; $104.9M total liabilities against $101.5M.
$87.2M net loans and leases against $80.3M; $96.4M total deposits against $77.4M.
$16.2M securities against $22.5M; $3.0M cash and balances due against $1.9M.
$2.5M total interest income against $2.4M; $394K total interest expense against $574K.
$2.1M net interest income against $1.8M.
$335K total noninterest income against $191K; $1.6M total noninterest expense against $1.3M.
$20K provision for credit losses against $21K.
$660K net income against $587K.
2.16% return on assets against 2.00%; 7.79% net interest margin against 7.10%.
15.85% CET1 capital ratio against 16.09%; 13.46% tier 1 leverage ratio against 12.83%.
Inside the full The First State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe First State Bank rankings
Its closest position to the top of a national ranking is 341 of 3,611, for ROA; its furthest is 3,506 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.46% (Q4 2024) to 2.71% (Q4 2025) and its net interest margin ran from 6.58% (Q1 2025) to 7.79% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.85% | 2.16% | 2.13% | 4.94% | 7.79% |
| Q1 2026 | 15.61% | 1.24% | 1.63% | 5.72% | 6.95% |
| Q4 2025 | 16.02% | 2.71% | 1.25% | 0.66% | 7.12% |
| Q3 2025 | 15.63% | 2.08% | 4.81% | 25.12% | 7.53% |
| Q2 2025 | 16.09% | 2.00% | 0.41% | 2.21% | 7.10% |
| Q1 2025 | 15.90% | 1.44% | 0.21% | 1.17% | 6.58% |
| Q4 2024 | 16.91% | -0.46% | 0.00% | 0.00% | 6.72% |
| Q3 2024 | 17.60% | 1.34% | 0.18% | 25.89% | 7.02% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Swenson Street Branch | Stamford , TX | 79553 | $38.2M |
| The First State Bank | Abernathy , TX | 79311 | $31.9M |
| Haskell Branch | Haskell , TX | 79521 | $26.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in TX, rank 374 of 441 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $2.9M approved, $2.9M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (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
Add this badge to your website
Free to use. It shows The First State Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about The First State Bank
What are The First State Bank's total assets?
As of the Q2 2026 filing, The First State Bank reported total assets of $121.4 million in its FFIEC call report.
Where is The First State Bank headquartered?
It is headquartered in Abernathy, TX, United States.
When was The First State Bank founded?
It was established in 1909, per the FDIC institution directory.
Is The First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #11175). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First State Bank?
The First State Bank's primary federal regulator is the FDIC.
What is The First State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.85% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The First State Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The First State Bank's Texas Ratio?
Its Texas Ratio is 4.94% 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.
Go deeper on The First State Bank.
Get an email when The First State Bank files its next call report, and benchmark it against any peer you choose.
Unlock The First State Bank, freeFree account