The First National Bank of East Texas
Gilmer, Texas, Upshur County
$595M in total assets, the 1,598th largest of 4,309 US banks and 143rd of 352 headquartered in Texas.
- FDIC certificate
- 3218
- Established
- 1900
- Owned by
- First Gilmer Bankshares Inc
- Primary regulator
- OCC
- Website
- www.fnbetx.com
At a glance
Compared with 218 banks headquartered in Texas with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $595M | 77% | $332M | |
| Loans | $416M | 79% | $188M | |
| Deposits | $537M | 78% | $286M | |
| Return on assets | 1.38% | 44% | 1.47% | |
| Net interest margin | 4.32% | 58% | 4.20% | |
| Efficiency ratio | 63.6% | 56% | 61.4% | |
| Equity to assets | 9.33% | 27% | 10.94% | |
| Loans to deposits | 78% | 60% | 72% |
Growth
Total assets grew 5.2% a year over the last 5 years and 6.7% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2014 | Security State Bank, National Association Ore City, TX, an affiliate under the same holding company | $44M |
| Jan 2012 | Wood County National Bank Quitman, TX, an affiliate under the same holding company | $64M |
Where they operate
12 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Upshur County, TX | $304M | 26.0% | 3 of 6 |
| Wood County, TX | $89M | 7.6% | 5 of 8 |
| Franklin County, TX | $38M | 14.2% | 3 of 4 |
| Hopkins County, TX | $38M | 3.0% | 5 of 7 |
| Rains County, TX | $37M | 13.4% | 4 of 4 |
| Gregg County, TX | $22M | 0.5% | 20 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
Net gain of 2 branches since 2016 (10 to 12, +20.0%). 3 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 10 | |||
| 2021 | Opened EmoryClosed Gilmer | 1 | 1 | 0 | 10 |
| 2022 | Opened Longivew | 1 | 0 | +1 | 11 |
| 2023 | Opened Sulphur Springs | 1 | 0 | +1 | 12 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 31% | 28% | |
| 1-4 family residential | 30% | 27% | |
| Business (C&I) | 13% | 14% | |
| Construction and land | 12% | 11% | |
| Agricultural | 5% | 5% | |
| Consumer | 4% | 5% | |
| Farmland | 3% | 7% | |
| Multifamily | 1% | 2% | |
| Other | 0% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 40% | 41% | |
| Time deposits | 37% | 29% | |
| Noninterest-bearing | 22% | 30% |
Brokered deposits are 0.0% of deposits (peers 1.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.58% | 0.30% |
| Net charge-offs, annualized | -0.00% | 0.01% |
| Reserves to loans | 1.35% | 1.23% |
| Leverage ratio | 9.96% | 11.63% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Upshur 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/first-east-texas