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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

5.27%Q2 ’245.43%Q2 ’255.39%Q2 ’26+5%+3%

Non-interest income vs. expense

2.50%Q2 ’242.37%Q2 ’252.47%Q2 ’26-6%+2%

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 2.06%, up 21 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.44% of loans (+23 bps YoY), with net charge-offs at 0.05%.
  • 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 (quarter, annualized)

2.06%+21 bps YoY

Net Interest Margin (quarter, annualized)

4.11%+10 bps YoY

Efficiency Ratio (quarter, annualized)

47.39%+31 bps YoY

Tier 1 Leverage Ratio

11.08%-58 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.85%1.78%1.89%2.01%2.06%+21 bps
Return on Equity14.48%13.75%14.73%16.22%16.70%+222 bps
Net Interest Margin4.01%4.11%4.04%4.16%4.11%+10 bps
Efficiency Ratio47.08%49.66%52.14%47.93%47.39%+31 bps
Non-Interest Burden1.32%1.49%1.58%1.40%1.34%+2 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 / Loans0.04%-0.10%0.00%0.02%0.05%+1 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