# FIRST NATIONAL BANK
SPEARMAN, TX · FDIC certificate 26219 · asset band <$300M · latest filing 2024-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $267.3M | |
| Deposits | $232.0M | |
| Loans and leases | $195.9M | |
| Total equity | $33.2M | |
| Loans / deposits | 83.01% (p71 of band) | 70.19% |
| Liquid assets / assets | 23.17% (p25 of band) | |
| Uninsured deposits / deposits | 29.42% (p81 of band) | 18.94% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 15.13% (p79 of band) | 11.30% |
| Unrealized securities loss / equity | -23.24% (p40 of band) | -16.70% |
| AOCI / equity | -0.88% (p36 of band) | |
| ROA (annualized) | 1.61% (p81 of band) | 0.87% |
| Net interest margin | 4.33% (p79 of band) | 3.46% |
| Efficiency ratio | 61.13% (p28 of band) | |
| Noncurrent loans | 1.95% (p90 of band) | 0.25% |
| Net charge-offs (annualized) | 0.00% (p70 of band) | |
| Reserve coverage of noncurrent | 86.64% | |
| Real estate % of loans | 46% | |
| Construction % of loans | 20.99% (p51 of band) | |
| Auto loans | $4.6M (2.37% of loans; DQ 1.08%, NCO 0.00%) | |
| Loans to nondepository financials | $750,000 (2% of equity) (p97 of band) | |
| Deposits YoY | -2.0% | |
| Employees | 50 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2011-06 | 1 |  | brokered >10% |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 | reserve under noncurrent | wholesale funding >15% |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 1 | wholesale funding >15% |  |
| 2012-09 | 0 |  | wholesale funding >15% |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | wholesale funding >15% |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 0 |  | wholesale funding >15% |
| 2014-03 | 1 | reserve under noncurrent |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 0 |  | reserve under noncurrent |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | wholesale funding >15% |  |
| 2018-03 | 0 |  | wholesale funding >15% |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | reserve under noncurrent |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 3 | capital falling, deposits shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2020-03 | 0 |  | capital falling, deposits shrinking, uninsured deposits leaving |
| 2020-06 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2020-09 | 3 | capital falling |  |
| 2020-12 | 3 | charge-offs p90 | capital falling |
| 2021-03 | 2 |  | charge-offs p90 |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 5 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 5 |  |  |
| 2022-12 | 4 |  | capital falling |
| 2023-03 | 2 |  | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | securities losses >30% of equity |  |
| 2023-12 | 2 |  | securities losses >30% of equity |
| 2024-03 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-11 [First National Bank Texas Review - SmartAsset](https://news.google.com/rss/articles/CBMihwFBVV95cUxOLU9oRVYwcXFxblJYM1NBYlJVTkZ0X1NQdmpqcWlpSHlvOWJvcXZ4Q1hZZGljenljcklTaEF0LVJKTXN4YlFJaE1wUGo5WGJDNHBjb3c5WWZxUkR3RXFTZG5Zd3JFYXZIRkh2MTJyRHNldEMwOHhJeGJnU1BsZ2VWaEprRWpEc2c?oc=5) · SmartAsset
- 2026-05-26 [First National Bank Texas celebrates 125 years with headquarters ribbon-cutting ceremony - The Killeen Daily Herald](https://news.google.com/rss/articles/CBMi-wFBVV95cUxNeGM4dWs0RG9WYnpWTEY0MmN4X0lWRFpYbFBiR3EtZGNKT2FzZlQ4U2FVZi0xRHpwYmZFV0J6RENpSktCNjJSWVZXV0s2bVZSTHZPRWpIcmRySHZtTjUzdWR2WXVBcjlNQ0h2UldZSmU0MUNkc1hteUtpRW00NGR2eF9haUVqbnFZenN0MUFVY1RwOVM5RGZyZWhDd29jbFlUTmU5SW1zRlo1T0RVRFdLZk9qOUtPYkFqNTdURlVOaGYzWUM0cHBrVTVsWU0wcHF2Y0twbTRuSXhPbUVTdnBmMjFsdl9zcVRSUjF2al83RmloU2JoWWtMOFBydw?oc=5) · The Killeen Daily Herald
- 2026-04-09 [First Community Bank to acquire Port Lavaca bank - SouthTexasNews.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxQcEJsTGg2WEZqQ0c0QjJBVHJLX21PTjNUNnVwM1hDcm9OSktnUHpXdXBxM3Flc3VsVl9LWGp5NGNtaktDdU9oNXRQN3BTZ3c5T1BKNGJNZ3k5cEZycTRJSnpMdzZoR1JDZko3TnRDb09WN0FYakpyTkNRc3BRUW95Y2d1bmx0cHRxNDB6bjVWUkFpS0MySUhONTY0YkJDdTVxUTNqS2dEU21LUUpwd2hSODR2WXhSUnd0ZVhwY1VQRVlIMENPVjYzUkY1UVBnZFB3aVNHV1QzWl9BZnNZ?oc=5) · SouthTexasNews.com
- 2026-06-24 [FHLB Dallas and First National Bank Texas Celebrate Revitalization of Affordable Single-Family Homes in Laguna, New Mexico - Business Wire](https://news.google.com/rss/articles/CBMiigJBVV95cUxQMHFCM2tuSWIxTWVyQlFKcThRa2NrT3NUVVI2QWFBTENlQk1Xdm9jc0dOT19hNkdCRGpkSUFTRnlSS0dnbGlwaTFxZkFQaHpMUVc0VlFwNEtYNlFscWFyY0VienNuWUp2U0hsaVdpdWdmWlZOaE82dEtKT3RpU0djYzl5SmpQejVvTjFpSHRWeGRCeG55ZlNrQXl3cURIRHZwQ2RpT2w5NmlpTUExbkExWGJNa3ZKLW1qTXk3a3dMbWpwRHdFWWEycUl0NWV4Z0I4RjdnNURDRXB4RDU4TjVpSEtpNFRSZXVoM0JwV1REWTdaRUIyZ1FocW9VcENEWXhZclIzekFUU2oyZw?oc=5) · Business Wire
- 2026-01-02 [Investar closes on its acquisition of Texas-based First National Bank - Baton Rouge Business Report](https://news.google.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?oc=5) · Baton Rouge Business Report
- 2026-04-23 [First Community Bank expands Gulf Coast footprint with Port Lavaca acquisition - The Victoria Advocate](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOTE1SMDdMejhZRFJPcWRpRXhfVE0wcnF3V3ZaeHQwZ1o3QVpQX2ZtNy11WnFTeW1qSGQ3Z0s2OTIwSXp5NW9MdGxreVRnb04tOU5OMU9aZ1NtS0RHTEJzVlVrZVF2UlZRZU4tUEhxNF9XTWRmZGNQdjNzdXBaajBScmQwelUzbUFmS3A0dFBNMUUydDBuNFF1RTN3V2dTaWZsNXV2QVp4Qm5SdGpMeHl0NnNTcjREVExDZG0w?oc=5) · The Victoria Advocate
- 2026-03-12 [Hotz off the Press: Striking Gold with Goldthwaite, Texas Notes - Numismatic News](https://news.google.com/rss/articles/CBMifkFVX3lxTFBUaGdhM3JnNlc3cUV6SnZWbFRnNHZsYkZiQ2wxWm9EbjNSbmdRMkZvdVFJZjlQV19nQTBfMnZMNEFDVmJyMWFQazFWeXY5NG9OZlg4V21vMXpRXzQ4VFRXMnNrX0tGYV85NlUxNkEtYjNpQXRIRUtkNlRNVzFodw?oc=5) · Numismatic News
- 2026-06-07 [First National Bank Texas wins Texas Bankers Association Cornerstone Award | Local News - The Killeen Daily Herald](https://news.google.com/rss/articles/CBMi6wFBVV95cUxPN1FfRjJ2dzRrVHdaQU9GYmR1YkhhZ2Z1Nm92WjNPV1ZlejNQdnkzRWkyYWZnOF91ZWJ4VzVDWEVVdUdaU21Md3VwdFhvR3hBaE5sR3JSN2ZBeVhfOFY1Q2JMMGUzeWJnanhNaVNNaVZod0ppZllQQXlrMTNUSGhYbXd3ZHFZZV92bnB4a2hYZV9oaDlQcTBIcFkyX2VpdjB3NWZVMGJVYjNCZnJHNDJaelRmYXF0a0t1N0JtUnZ0NmpidTU5YmNWSk14UXV6TFJRSkhna3V3aV9DdFRPOF8zbW5lNlNWaTZSY20w?oc=5) · The Killeen Daily Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26219 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/43.json (key "26219", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide