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First National Bank of Fort Smith, The

Fort Smith, AR · Cert 3864 · First Bank Corp.

National charter · OCC · 26 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 operating regionally (n=174). 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

40

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

89

Q2 2024Q2 2026peer median (50)

Liquidity

35

Q2 2024Q2 2026peer median

Efficiency

85

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 National Bank of Fort Smith, The

Fort Smith, AR · Cert 3864 · First Bank Corp.

National charter · OCC · 1 affiliate bank · 26 branches (35 in holding)

Q2 2026

$2.3BAssets
$1.6BLoans
$2.0BDeposits
$283.3MEquity
Loan mix
89%RE $1.4B10%C&I $0.2B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $1.4B29%Noninterest $0.6BQ2 2025Q2 2026

NIM

5.22%Q2 ’245.29%Q2 ’255.36%Q2 ’26+3%+5%

Non-interest income vs. expense

2.49%Q2 ’242.42%Q2 ’252.46%Q2 ’26-8%+4%

Market Position · Fort Smith, AR-OK · 2026 SOD (annual) · 23.3% share · #1 of 20 inst. · $1.4B of $6.0B

31.1% Sebastian
33.3% Le Flore
2.1% Benton
18.5% Sequoyah

Executive Summary

  • Earnings: ROA of 2.04%, up 15 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.44% of loans (+23 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 11.08%, down 58 bps from a year ago.
  • Funding: loans stand at 78.49% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.04%+15 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+21 bps YoY

Efficiency Ratio (YTD, annualized)

47.66%-105 bps YoY

Tier 1 Leverage Ratio

11.08%-58 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.88%1.85%1.86%2.01%2.04%+15 bps
Return on Equity14.77%14.39%14.58%16.22%16.48%+171 bps
Net Interest Margin3.88%3.96%3.98%4.16%4.09%+21 bps
Efficiency Ratio48.70%49.03%49.82%47.93%47.66%-105 bps
Non-Interest Burden1.31%1.37%1.43%1.40%1.36%+5 bps
Growth
Asset Growth (YoY)6.79%5.17%3.85%3.06%0.89%-590 bps
Loan Growth (YoY)5.16%2.89%4.94%3.68%-0.07%-523 bps
Deposit Growth (YoY)6.18%4.44%4.45%4.34%2.17%-401 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.25%0.26%0.27%0.44%+23 bps
Net Charge-Offs / Loans0.01%-0.03%-0.02%0.02%0.03%+3 bps
Allowance / Loans1.29%1.37%1.37%1.40%1.43%+14 bps
Allowance Coverage of NPLs6.2x5.4x5.3x5.2x3.3x-2.9x
Capital
Tier 1 Leverage Ratio11.65%12.02%11.17%11.32%11.08%-58 bps
Total Risk-Based Capital11.65%12.02%11.17%11.32%11.08%-58 bps
Equity / Assets12.60%13.29%12.40%12.39%12.26%-34 bps
Liquidity & Funding
Loans / Deposits80.25%80.82%80.94%80.08%78.49%-176 bps
Liquid Assets / Assets11.74%11.52%10.45%9.49%8.32%-342 bps
CRE / Total Capitaln/a356%383%377%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 National Bank of Fort Smith, The

Fort Smith, AR · Cert 3864 · Peer group: banks $1B-$10B in assets operating regionally (n=174) · First Bank Corp.

National charter · OCC · 1 affiliate bank · 26 branches (35 in holding)

Q2 2026

$2.3BAssets
$1.6BLoans
$2.0BDeposits
$283.3MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 94% of banks $1B-$10B in assets operating regionally (rank 11 of 174).
  • Widest gap: total risk-based capital ratio trails 84% of banks $1B-$10B in assets operating regionally (rank 147 of 174).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

2.02%

Rank 11 of 174

Net Interest Margin

4.09%

Rank 24 of 174

Efficiency Ratio

47.94%

Rank 27 of 174

Equity / Assets

12.26%

Rank 33 of 174

Non-interest income vs. expense

$25.7M$57.5MINCOMEEXPENSE
Unfavorable gap of $31.8M · efficiency ratio beats 85% of banks $1B-$10B in assets operating regionally
Bank 47.94%Peer median 59.2%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.02%0.93%1.27%1.52%Beats 94%11 / 174
Return on Equity16.48%9.26%11.89%14.41%Beats 87%22 / 174
Net Interest Margin4.09%3.22%3.56%3.91%Beats 86%24 / 174
Efficiency Ratio47.94%51.59%59.21%67.02%Beats 85%27 / 174
Asset Quality
Nonperforming Loans / Loans0.44%0.29%0.60%1.18%Beats 61%68 / 174
Net Charge-Offs / Loans0.02%0.01%0.03%0.10%Beats 63%65 / 174
Capital
Tier 1 Capital Ratio11.08%11.19%12.82%14.11%Beats 22%136 / 174
Total Risk-Based Capital Ratio11.08%11.81%13.70%15.33%Beats 16%147 / 174
Equity / Assets12.26%9.15%10.31%11.72%Beats 81%33 / 174
Liquidity & Funding
Loans / Deposits78.49%80.93%90.31%97.12%20th pctl140 / 174
Loans / Assets68.28%69.01%75.52%80.85%20th pctl139 / 174
Brokered Deposits / Depositsn/aNot reported for this institution