First United Bank
Dimmitt, Texas, Castro County
$2.4B in total assets, the 528th largest of 4,309 US banks and 48th of 352 headquartered in Texas.
- FDIC certificate
- 12769
- Established
- 1907
- Owned by
- Plains Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.firstunited.bank
At a glance
Compared with 77 banks headquartered in Texas with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.4B | 56% | $2.2B | |
| Loans | $1.5B | 57% | $1.3B | |
| Deposits | $2.1B | 61% | $1.7B | |
| Return on assets | 1.98% | 80% | 1.53% | |
| Net interest margin | 4.02% | 57% | 3.95% | |
| Efficiency ratio | 50.5% | 27% | 57.5% | |
| Equity to assets | 10.51% | 48% | 10.77% | |
| Loans to deposits | 71% | 26% | 80% |
Growth
Total assets grew 8.0% a year over the last 5 years and 7.8% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Aug 2021 | First Bank and Trust of Childress Childress, TX | $154M |
| Jan 2007 | The First National Bank of Lamesa Lamesa, TX | $122M |
| Jul 2000 | The First National Bank of Sudan Sudan, TX | $32M |
| Dec 1994 | Shadow Hills National Bank Lubbock, TX | $30M |
| Jan 1991 | The First State Bank in Seagraves Seagraves, TX | $35M |
| Jan 1989 | Citizens State Bank Earth, TX | $16M |
Where they operate
24 branches in 12 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Randall County, TX | $561M | 15.7% | 3 of 14 |
| Lubbock County, TX | $401M | 3.1% | 11 of 28 |
| Gaines County, TX | $276M | 49.7% | 1 of 5 |
| Dawson County, TX | $215M | 34.1% | 2 of 3 |
| Lamb County, TX | $169M | 41.7% | 1 of 7 |
| Hale County, TX | $125M | 16.1% | 2 of 9 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 8 branches since 2016 (16 to 24, +50.0%). 7 opened, 3 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 16 | |||
| 2018 | Closed Amarillo | 0 | 1 | −1 | 15 |
| 2021 | Acquired First Bank and Trust of Childress | 3 | 0 | +3 | 18 |
| 2024 | Closed Childress | 0 | 1 | −1 | 17 |
| 2025 | Opened 7 in Texas | 7 | 0 | +7 | 24 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 35% | 39% | |
| Business (C&I) | 13% | 15% | |
| Construction and land | 13% | 13% | |
| Farmland | 12% | 3% | |
| Agricultural | 11% | 1% | |
| 1-4 family residential | 10% | 20% | |
| Multifamily | 4% | 3% | |
| Consumer | 0% | 2% | |
| Other | 2% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 42% | 48% | |
| Noninterest-bearing | 30% | 26% | |
| Time deposits | 27% | 26% |
Brokered deposits are 0.0% of deposits (peers 4.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.51% | 0.42% |
| Net charge-offs, annualized | 0.10% | 0.04% |
| Reserves to loans | 1.34% | 1.20% |
| Leverage ratio | 11.17% | 10.79% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Randall County, TX
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-united-bank-dimmitt-tx