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First Bank and Trust Company, The

Lebanon, VA · Cert 22918 · First Bcorp Inc.

State charter, Fed member · FED · 31 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

43

Q2 2024Q2 2026peer median (50)

Asset Quality

48

Q2 2024Q2 2026peer median (50)

Profitability

87

Q2 2024Q2 2026peer median (50)

Liquidity

46

Q2 2024Q2 2026peer median

Efficiency

95

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Bank and Trust Company, The

Lebanon, VA · Cert 22918 · First Bcorp Inc.

State charter, Fed member · FED · 31 branches

Q2 2026

$4.3BAssets
$3.6BLoans
$3.8BDeposits
$422.6MEquity
Loan mix
89%RE $2.8B6%C&I $0.2B5%Consumer $0.2BQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $3.1B20%Noninterest $0.7BQ3 2024Q2 2026

Market Position · Kingsport-Bristol, TN-VA · 2026 SOD (annual) · 19.9% share · #1 of 24 inst. · $1.2B of $5.9B

50.3% Washington
43.7% Staunton (City)
49.5% Russell
9.8% Montgomery

Executive Summary

  • Earnings: ROA of 1.83%, up 26 bps year over year; NIM at 3.98%.
  • Asset quality: problem loans at 0.28% of loans (-28 bps YoY), with net charge-offs at 0.22%.
  • Capital: tier 1 leverage ratio of 10.07%, up 24 bps from a year ago.
  • Funding: loans stand at 95.22% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.83%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.98%+28 bps YoY

Efficiency Ratio (YTD, annualized)

39.98%-488 bps YoY

Tier 1 Leverage Ratio

10.07%+24 bps YoY

NIM

5.97%Q2 ’246.06%Q2 ’256.00%Q2 ’26+8%+8%

Non-interest income vs. expense

2.04%Q2 ’241.89%Q2 ’251.87%Q2 ’26-7%-15%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.54%1.58%1.57%1.57%1.60%1.62%1.70%1.83%+26 bps
Return on Equity15.83%16.37%16.47%16.51%16.74%16.94%17.36%18.63%+212 bps
Net Interest Margin3.37%3.36%3.73%3.70%3.71%3.70%3.95%3.98%+28 bps
Efficiency Ratio49.99%49.16%45.24%44.86%45.01%44.32%42.38%39.98%-488 bps
Non-Interest Burden1.41%1.37%1.40%1.37%1.39%1.36%1.42%1.17%-20 bps
Growth
Asset Growth (YoY)16.56%15.02%15.82%11.52%12.05%10.13%5.65%6.64%-488 bps
Loan Growth (YoY)14.05%12.74%11.13%10.25%9.12%6.63%7.96%6.11%-413 bps
Deposit Growth (YoY)17.79%15.99%16.74%11.90%12.35%10.56%5.63%6.84%-505 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.33%0.38%0.56%0.39%0.37%0.30%0.28%-28 bps
Net Charge-Offs / Loans0.15%0.11%0.27%0.27%0.29%0.38%0.42%0.22%-5 bps
Allowance / Loans1.24%1.27%1.25%1.24%1.24%1.23%1.20%1.35%+10 bps
Allowance Coverage of NPLs3.9x3.9x3.3x2.2x3.2x3.3x4.0x4.8x+2.6x
Capital
Tier 1 Leverage Ratio9.87%9.76%9.81%9.83%9.83%9.85%10.03%10.07%+24 bps
Total Risk-Based Capital13.59%13.58%13.73%13.47%13.66%13.97%13.87%13.83%+36 bps
Equity / Assets9.67%9.51%9.53%9.58%9.60%9.65%10.00%9.88%+31 bps
Liquidity & Funding
Loans / Deposits97.49%95.18%94.39%95.88%94.69%91.79%96.47%95.22%-66 bps
Liquid Assets / Assets7.73%10.18%11.00%9.54%10.79%13.16%9.25%10.19%+65 bps
CRE / Total Capitaln/an/an/an/a321%296%302%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First Bank and Trust Company, The

Lebanon, VA · Cert 22918 · Peer group: banks $1B-$10B in assets (n=322-328) · First Bcorp Inc.

State charter, Fed member · FED · 31 branches

Q2 2026

$4.3BAssets
$3.6BLoans
$3.8BDeposits
$422.6MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 95% of banks $1B-$10B in assets (rank 18 of 328).
  • Widest gap: net charge-offs / loans trails 75% of banks $1B-$10B in assets (rank 244 of 322).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.81%

Rank 39 of 328

Net Interest Margin

3.98%

Rank 60 of 328

Efficiency Ratio

39.98%

Rank 18 of 328

Equity / Assets

9.88%

Rank 189 of 328

Non-interest income vs. expense

$29.7M$78.9MINCOMEEXPENSE
Unfavorable gap of $49.1M · efficiency ratio beats 95% of banks $1B-$10B in assets
Bank 39.98%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.81%0.91%1.22%1.52%Beats 88%39 / 328
Return on Equity18.27%8.43%11.45%14.43%Beats 91%31 / 328
Net Interest Margin3.98%3.03%3.45%3.83%Beats 82%60 / 328
Efficiency Ratio39.98%51.61%59.56%67.53%Beats 95%18 / 328
Asset Quality
Nonperforming Loans / Loans0.28%0.24%0.51%1.03%Beats 70%98 / 322
Net Charge-Offs / Loans0.11%0.01%0.03%0.10%Beats 25%244 / 322
Capital
Tier 1 Capital Ratio12.58%11.75%13.15%15.47%Beats 41%192 / 328
Total Risk-Based Capital Ratio13.83%12.63%14.15%16.46%Beats 46%177 / 328
Equity / Assets9.88%9.15%10.33%12.01%Beats 42%189 / 328
Liquidity & Funding
Loans / Deposits95.22%76.63%87.92%95.36%74th pctl82 / 323
Loans / Assets85.01%65.18%74.15%79.98%91st pctl28 / 328
Brokered Deposits / Depositsn/aNot reported for this institution