Lebanon, VA · Cert 22918 · First Bcorp Inc.
State charter, Fed member · FED · 31 branches
Q2 2026
Market Position · Kingsport-Bristol, TN-VA · 2026 SOD (annual) · 19.9% share · #1 of 24 inst. · $1.2B of $5.9B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.61% | 1.71% | 1.57% | 1.58% | 1.65% | 1.69% | 1.70% | 1.97% | +39 bps | |
| Return on Equity | 16.77% | 17.88% | 16.47% | 16.54% | 17.20% | 17.51% | 17.36% | 19.87% | +333 bps | |
| Net Interest Margin | 3.53% | 3.69% | 3.73% | 3.76% | 3.92% | 3.93% | 3.95% | 4.07% | +31 bps | |
| Efficiency Ratio | 48.04% | 46.98% | 45.24% | 44.49% | 45.30% | 42.38% | 42.38% | 37.92% | -657 bps | |
| Non-Interest Burden | 1.41% | 1.41% | 1.40% | 1.37% | 1.50% | 1.39% | 1.42% | 0.93% | -44 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 / Loans | 0.32% | 0.33% | 0.38% | 0.56% | 0.39% | 0.37% | 0.30% | 0.28% | -28 bps | |
| Net Charge-Offs / Loans | 0.37% | 0.02% | 0.27% | 0.28% | 0.32% | 0.64% | 0.42% | 0.03% | -25 bps | |
| Allowance / Loans | 1.24% | 1.27% | 1.25% | 1.24% | 1.24% | 1.23% | 1.20% | 1.35% | +10 bps | |
| Allowance Coverage of NPLs | 3.9x | 3.9x | 3.3x | 2.2x | 3.2x | 3.3x | 4.0x | 4.8x | +2.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.87% | 9.76% | 9.81% | 9.83% | 9.83% | 9.85% | 10.03% | 10.07% | +24 bps | |
| Total Risk-Based Capital | 13.59% | 13.58% | 13.73% | 13.47% | 13.66% | 13.97% | 13.87% | 13.83% | +36 bps | |
| Equity / Assets | 9.67% | 9.51% | 9.53% | 9.58% | 9.60% | 9.65% | 10.00% | 9.88% | +31 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 97.49% | 95.18% | 94.39% | 95.88% | 94.69% | 91.79% | 96.47% | 95.22% | -66 bps | |
| Liquid Assets / Assets | 7.73% | 10.18% | 11.00% | 9.54% | 10.79% | 13.16% | 9.25% | 10.19% | +65 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 321% | 296% | 302% | n/a | n/a | |