Third Coast Bank
Third Coast Bank reported total assets of $6.7 bn at Q2 2026, up 36.2% on a year earlier, the 226th largest of 497 banks in our US coverage. The CET1 capital ratio at Third Coast Bank was 12.10%, and the uninsured share of Third Coast Bank was 30.98%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Third Coast Bank slipped from 188th to 273rd among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Since , Third Coast Bank has taken over 2 institutions; the latest was Keystone Bank, SSB on (FDIC Call Reports).
- Third Coast Bank reports one of the lowest net charge-offs to average loans readings among banks of $1 bn to $10 bn: -0.01% at , where the median of the 339 banks is 0.06% (FDIC Call Reports).
What sets Third Coast Bank apart
How large is Third Coast Bank?
The balance sheet of Third Coast Bank at : assets $6.7 bn, deposits $5.9 bn, net loans $5.4 bn (loans equal to 91.91% of deposits). Securities make up 8.9% of total assets at Third Coast Bank. Since , when Third Coast Bank held $424.6 mn, its assets grew 1,484.8%. In the year to , deposits at Third Coast Bank rose 36.8% while its total assets rose 36.2%. At , Third Coast Bank employed 504 full-time equivalent staff across 23 offices, about $13.4 mn of assets per employee and $254.6 mn of deposits per office.
How much funding at Third Coast Bank is uninsured?
At Third Coast Bank, uninsured deposits (above the FDIC limit) made up 30.98% of domestic deposits at (+0.80 pp on a year earlier); Third Coast Bank ranks 302nd of 500 on this measure. In dollars, Third Coast Bank estimated $1.8 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.9 bn | +36.8% | 212th of 499 |
| Net loans and leases | $5.4 bn | +33.2% | 196th of 500 |
| Loan-to-deposit ratio | 91.91% | -2.43 pp | 157th of 500 |
| Tier 1 leverage ratio | 11.44% | -0.45 pp | 133rd of 500 |
| Total risk-based capital ratio | 12.91% | -0.55 pp | 365th of 448 |
| Net interest margin | 3.99% | -0.07 pp | 141st of 500 |
| Return on assets (ROA) | 1.37% | -0.01 pp | 213th of 500 |
| Efficiency ratio | 57.37% | +2.40 pp | 273rd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $1.4 mn | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Gain of $2.9 mn | Fell by $577,000 | |
| Noncurrent loans to total loans | 0.50% | +0.01 pp | 195th of 500 (1 = lowest) |
| Net charge-offs to average loans | -0.01% | -0.14 pp | 30th of 500 (1 = lowest) |
US rank of Third Coast Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Third Coast Bank: assets, deposits and loans
- Total assets $6.7bn
- Deposits $5.9bn
- Net loans $5.4bn
Capital and securities
The CET1 ratio of Third Coast Bank stood at 12.10% in , -0.46 pp year on year. Low and high at Third Coast Bank since : 9.79% () to 13.04% (). Equity capital of Third Coast Bank at : $806.6 mn, or 12.0% of total assets. Third Coast Bank also reported a total capital ratio of 12.91% for , and a tier 1 leverage ratio of 11.44%.
On held-to-maturity securities, Third Coast Bank carried an unrealized loss of $1.4 mn at , equal to 0.2% of equity capital. The loss turned from a gain into a loss over the year. Its deepest point: $1.4 mn in . The available-for-sale portfolio of Third Coast Bank showed an unrealized gain of $2.9 mn at ; the gain fell by $577,000 over the year.
Third Coast Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 11%
Third Coast Bank: unrealized securities gains and losses
- Available for sale $3mn
- Held to maturity -$1mn
Profitability and loan quality
For the year to , Third Coast Bank earned a return on equity of 11.42%; return on assets: 1.37%. Net interest margin at Third Coast Bank: 3.99%, -0.07 pp in a year. Third Coast Bank net income: $42.5 mn, up 25.5% year on year. The efficiency ratio of Third Coast Bank was 57.37%: about 57 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.50% of total loans at Third Coast Bank; net charge-offs: -0.01% of average loans. Gross loans and leases at Third Coast Bank: $5.4 bn, up 33.3% in a year.
Third Coast Bank: profitability
- Return on equity 11%
- Net interest margin 4.0%
- Return on assets 1.4%
Peer group of Third Coast Bank
The peer group of Third Coast Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Third Coast Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Texas. Against them, Third Coast Bank shows CET1 ratio 12.10% against a peer median of 14.21%, return on equity 11.42% against a peer median of 13.73% and uninsured deposit share 30.98% against a peer median of 24.16%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Hinsdale Bank & Trust Company | National bank | IL | $6.8 bn | 10.60% | 14.28% | 36.65% | |
| Intrust Bank | National bank | KS | $6.8 bn | 13.66% | 19.88% | 24.48% | |
| City National Bank of West Virginia | National bank | WV | $6.8 bn | 15.01% | 19.17% | 16.74% | |
| Third Coast Bank | State member bank | TX | $6.7 bn | 12.10% | 11.42% | 30.98% | |
| Heartland Bank and Trust Company | State nonmember bank | IL | $6.7 bn | 14.75% | 11.16% | 23.85% | |
| Alpine Bank | State nonmember bank | CO | $6.7 bn | 15.21% | 12.34% | 38.46% | |
| Midland States Bank | State member bank | IL | $6.7 bn | 13.59% | 13.18% | 22.73% | |
. FDIC Call Reports.
Last eight quarters
Two years at Third Coast Bank, to : assets +45.7%, deposits +46.6%, equity +44.7%. Staff 358 to 504; offices 19 to 23.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.6 bn | $4.9 bn | $4.9 bn | $4.9 bn | $5.1 bn | $5.3 bn | $6.6 bn | $6.7 bn |
| Total deposits | $4.0 bn | $4.3 bn | $4.2 bn | $4.3 bn | $4.4 bn | $4.6 bn | $5.7 bn | $5.9 bn |
| Bank equity capital | $557.5 mn | $568.2 mn | $589.7 mn | $603.8 mn | $624.3 mn | $644.5 mn | $783.4 mn | $806.6 mn |
| CET1 ratio | 12.45% | 12.35% | 12.69% | 12.56% | 12.59% | 12.23% | 12.23% | 12.10% |
| Return on equity (ROE) | 9.69% | 10.02% | 10.60% | 11.55% | 11.99% | 12.10% | 10.21% | 11.42% |
| Uninsured share of domestic deposits | 29.29% | 31.33% | 29.26% | 30.18% | 27.09% | 28.59% | 31.02% | 30.98% |
| Full-time equivalent employees | 358 | 369 | 383 | 388 | 398 | 412 | 514 | 504 |
| Number of offices | 19 | 19 | 19 | 19 | 19 | 19 | 23 | 23 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Third Coast Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Heritage Bank (FDIC certificate 26372).
- . Absorbed Keystone Bank, SSB (FDIC certificate 34456).
Large one-quarter moves at Third Coast Bank
- Total assets at Third Coast Bank changed by +42.1% in the quarter to 2020-03-31: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Heritage Bank.
- Total assets at Third Coast Bank changed by +38.8% in the quarter to 2020-06-30, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of Third Coast Bank?
Third Coast Bank reported $6.7 bn at in its Call Report. That makes Third Coast Bank the 226th largest of 497 banks in our US coverage.
Is Third Coast Bank the same as its holding company?
No. This page covers Third Coast Bank, FDIC certificate 58716; Third Coast Bancshares, Inc., its holding company, reports separately to the Federal Reserve.
Is Third Coast Bank profitable?
Third Coast Bank reported net income of $42.5 mn for the year to ; annualized return on equity: 11.42%. So yes: Third Coast Bank made a profit over these months.
When is data for Third Coast Bank next updated?
Figures from Third Coast Bank for are due after .
Where can I check the figures for Third Coast Bank?
In the FDIC BankFind Suite record for certificate 58716, and in the Call Reports of Third Coast Bank (RSSD ID 3630323) at the FFIEC Central Data Repository.