First State Bank
Gainesville, Texas, Cooke County
$1.9B in total assets, the 656th largest of 4,309 US banks and 57th of 352 headquartered in Texas.
- FDIC certificate
- 15511
- Established
- 1905
- Owned by
- Red River Bcorp Inc
- Primary regulator
- FED
- Website
- http://www.firststate.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 | $1.9B | 44% | $2.2B | |
| Loans | $956M | 30% | $1.3B | |
| Deposits | $1.7B | 47% | $1.8B | |
| Return on assets | 0.59% | 8% | 1.54% | |
| Net interest margin | 4.06% | 58% | 3.95% | |
| Efficiency ratio | 76.1% | 91% | 57.5% | |
| Equity to assets | 8.35% | 8% | 10.77% | |
| Loans to deposits | 58% | 10% | 80% |
Growth
Total assets grew 4.8% a year over the last 5 years and 6.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2015 | North Texas Bank, National Association Decatur, TX, an affiliate under the same holding company | $186M |
| Jul 1996 | North Texas Bank and Trust Gainesville, TX | $48M |
Where they operate
14 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cooke County, TX | $989M | 65.9% | 1 of 6 |
| Denton County, TX | $222M | 0.1% | 16 of 42 |
| Grayson County, TX | $196M | 4.8% | 5 of 17 |
| Wise County, TX | $136M | 8.7% | 6 of 12 |
| Montague County, TX | $53M | 7.6% | 4 of 6 |
| Mclennan County, TX | $37M | 0.4% | 19 of 23 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (14 branches then and now). 5 opened, 0 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 14 | |||
| 2017 | Closed Denton and Gainesville | 0 | 2 | −2 | 12 |
| 2019 | Closed Valley View | 0 | 1 | −1 | 11 |
| 2020 | Opened Sherman and Whitesboro | 2 | 0 | +2 | 13 |
| 2021 | Closed Denton | 0 | 2 | −2 | 11 |
| 2022 | Opened Celina | 1 | 0 | +1 | 12 |
| 2024 | Opened Waco | 1 | 0 | +1 | 13 |
| 2025 | Opened Denison | 1 | 0 | +1 | 14 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 46% | 38% | |
| 1-4 family residential | 14% | 20% | |
| Construction and land | 13% | 13% | |
| Business (C&I) | 12% | 15% | |
| Farmland | 8% | 3% | |
| Agricultural | 3% | 1% | |
| Consumer | 2% | 2% | |
| Multifamily | 1% | 4% | |
| Other | 2% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 44% | 48% | |
| Noninterest-bearing | 36% | 26% | |
| Time deposits | 21% | 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 | 0.94% | 0.42% |
| Net charge-offs, annualized | 0.40% | 0.04% |
| Reserves to loans | 1.36% | 1.20% |
| Leverage ratio | 9.61% | 10.79% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Cooke 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-state-bank-gainesville-tx