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First Sentinel Bank

Richlands, VA · Cert 31928 · First Region Bancshares Inc.

State charter, Fed member · FED · 9 branches

Q2 2026

$398.0MAssets
$338.0MLoans
$348.5MDeposits
$40.4MEquity
Loan mix
48%RE $160.8M5%C&I $15.2M47%Consumer $156.0MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $292.3M16%Noninterest $56.2MQ3 2024Q2 2026

Market Position · Kingsport-Bristol, TN-VA · 2026 SOD (annual) · 0.1% share · #23 of 24 inst. · $0.0B of $5.9B

17.2% Tazewell
100.0% Bland
5.7% Russell
2.5% Wythe

Executive Summary

  • Earnings: ROA of 0.85%, down 4 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.11% of loans (-2 bps YoY), with net charge-offs at 0.33%.
  • Capital: tier 1 leverage ratio of 10.02%, up 43 bps from a year ago.
  • Funding: loans stand at 97.00% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.85%-4 bps YoY

Net Interest Margin (YTD, annualized)

3.85%+4 bps YoY

Efficiency Ratio (YTD, annualized)

69.67%+597 bps YoY

Tier 1 Leverage Ratio

10.02%+43 bps YoY

NIM

5.69%Q2 ’245.90%Q2 ’255.71%Q2 ’26+11%+1%

Non-interest income vs. expense

2.90%Q2 ’242.86%Q2 ’253.16%Q2 ’26-6%+13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.74%0.86%0.87%0.89%0.92%0.92%0.81%0.85%-4 bps
Return on Equity8.20%9.47%9.27%9.42%9.69%9.68%8.40%8.66%-76 bps
Net Interest Margin3.43%3.49%3.78%3.82%3.83%3.78%3.75%3.85%+4 bps
Efficiency Ratio71.07%67.72%64.62%63.69%63.41%63.26%70.67%69.67%+597 bps
Non-Interest Burden2.26%2.16%2.20%2.19%2.18%2.15%2.47%2.48%+29 bps
Growth
Asset Growth (YoY)-0.19%-0.59%0.68%2.06%2.83%2.36%4.06%0.29%-177 bps
Loan Growth (YoY)0.31%0.58%2.30%1.70%3.09%2.01%-0.72%0.82%-89 bps
Deposit Growth (YoY)-0.58%-1.42%-0.97%0.29%1.17%1.15%3.97%0.45%+16 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.08%0.21%0.13%0.14%0.11%0.08%0.11%-2 bps
Net Charge-Offs / Loans0.38%0.39%0.62%0.66%0.61%0.61%0.27%0.33%-34 bps
Allowance / Loans1.13%1.11%1.07%1.05%1.05%1.06%1.07%1.05%0 bps
Allowance Coverage of NPLs11.3x13.3x5.1x7.9x7.3x10.0x13.1x9.6x+1.7x
Capital
Tier 1 Leverage Ratio9.09%9.36%9.42%9.59%9.58%9.68%9.64%10.02%+43 bps
Total Risk-Based Capital12.82%13.21%12.92%13.09%13.18%13.68%13.73%13.87%+78 bps
Equity / Assets9.12%9.39%9.39%9.61%9.50%9.75%9.56%10.14%+53 bps
Liquidity & Funding
Loans / Deposits93.48%93.87%96.42%96.64%95.25%94.68%92.07%97.00%+36 bps
Liquid Assets / Assets11.42%10.94%9.62%9.29%10.56%10.31%13.14%7.84%-145 bps
CRE / Total Capitaln/an/an/an/a215%202%200%n/an/a