← The catalogue
Q2 2026 · read from the 30 June 2026 Call Report · United States · Southeast · Virginia, the state note

First Bank & Trust Co.

Lebanon, Virginia · $4.28B in assets · beside the 11 other the Southeast banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

4.8x
Coverage of noncurrent
1st of 12
9.9%
Equity / assets
11th of 12
0.28%
NPA / loans
2nd of 12

First Bank & Trust Co. is the ninth largest of the 12 the Southeast banks nearest its size between $3B and $10B, with $4.28B in assets at 30 June 2026. Loans are 95.2% of deposits, 8th of 12 against a median of 87.6%, and equity is 9.9% of assets, 11th of 12. Loans grew +6.1% in the year, 6th of 12, and deposits grew 6.8%; the cohort's median loan growth is +6.0%.

Noncurrent loans are 0.28% of the book, 2nd of 12 against a median of 0.60%; 0.62% is 30 to 89 days past due, and the allowance covers them 4.8 times. Net charge-offs are 0.22% of loans, 10th of 12. Commercial real estate is 30.8% of loans, 6th of 12 against a median of 31.2%, and 240% of capital, below the 300% screen, with construction at 85% against the 100% screen.

Return on assets is 1.83%, 4th of 12 against a median of 1.55%, on an efficiency ratio of 40.0%, 2nd of 12. Five years ago it was 1.59%. The question is which of these lines moves first over the next four quarters, and against which peer.

Nonperforming loans, share of loansSoutheast banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 0.60% SF Southern First Bank 0.28% FB First Bank & Trust Co. 0.28% CC Capital City Bank 0.40% FB Fidelity Bank 0.42% MC Metro City Bank 0.44% VB Vallant Bank 0.51% FC First Community Bank 0.70% CB Colony Bank 0.76% CB Carter Bank & Trust 1.01% HB Hometrust Bank 1.40% PB Primis Bank 1.83% FF First Federal Bank 2.96%
Loans, year over yearSoutheast banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +6.0% VB Vallant Bank +84.1% MC Metro City Bank +26.6% CB Colony Bank +23.5% PB Primis Bank +13.6% SF Southern First Bank +7.5% FB First Bank & Trust Co. +6.1% FB Fidelity Bank +5.9% FF First Federal Bank +4.6% FC First Community Bank +4.5% CB Carter Bank & Trust -0.3% HB Hometrust Bank -2.6% CC Capital City Bank -4.4%

SBA 7(a), FY2008 to FY2026

First Bank & Trust Co. is the 10th largest 7(a) lender into Virginia of 332, with $161M across 227 loans, 2.2% of everything approved in the state (Live Oak Banking Company leads with $669M). 48 of its 75 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Virginia, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Essex, VA$46M1st of 1287.2%quiet FY2021
Washington, VA$19M1st of 1941.6%-56.1 pts
Grayson, VA$12M1st of 663.8%+1.0 pts
Hanover, VA$11M3rd of 616.8%-9.6 pts
Rockbridge, VA$10M1st of 1147.1%quiet FY2021
Columbus, NC$10M2nd of 2027.4%quiet FY2022
Henderson, NC$7M5th of 625.4%-5.3 pts
Nash, NC$6M5th of 446.1%quiet FY2021
Washington, TN$6M3rd of 586.6%quiet FY2022
Carroll, VA$6M2nd of 1127.5%-16.3 pts
Sullivan, TN$6M2nd of 477.2%-15.0 pts
Augusta, VA$5M2nd of 2716.7%quiet FY2021
Lunenburg, VA$5M1st of 571.0%quiet FY2016
62 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Agriculture, forestry & fishing26$76M34.0%0.93%11th of 1,007
Construction54$31M14.0%0.10%160th of 2,063
Wholesale trade16$28M12.6%0.11%153rd of 1,651
Manufacturing40$20M9.0%0.05%303rd of 2,246
Retail trade34$15M6.6%0.02%388th of 2,589
7(a) lenders into Virginia, share of approvals since FY2008332 lenders on record; the ten largest and First Bank
LO Live Oak Banking Company 9.2% $669M · 493 loans TB Truist Bank 6.8% $497M · 1,580 loans WF Wells Fargo Bank National Associa… 5.0% $365M · 1,549 loans AU Atlantic Union Bank 4.0% $294M · 765 loans Ma Manufacturers and Traders Trust C… 3.5% $254M · 1,602 loans TH The Huntington National Bank 3.0% $219M · 454 loans FN First National Bank of Pennsylvan… 2.4% $176M · 195 loans PB Primis Bank 2.4% $175M · 522 loans G Gbank 2.3% $170M · 69 loans TF The First Bank and Trust Company 2.2% $161M · 227 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
First BankRankCohort median
Total CRE against capital, the 300% screen240%9th of 12221%
Construction against capital, the 100% screen85%11th of 1257%
Construction and land development, share of loans10.9%8th of 129.8%
Non-owner-occupied nonfarm nonresidential, share of loans17.4%4th of 1220.0%
Total CRE, the guidance definition, share of loans30.8%6th of 1231.2%
CRE growth over 36 months, the third prong+21.7%8th of 12+9.6%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Carter Bank & Trust$4.80B3.6%38.6%1.01%-0.83%1.5%89.0%11.3%
Southern First Bank$4.70B0.9%57.4%0.28%0.01%1.1%100.9%8.7%
Fidelity Bank$4.66B1.7%51.5%0.42%0.06%1.3%70.1%10.0%
First Federal Bank$4.49B1.2%66.7%2.96%0.11%0.8%41.7%10.4%
Metro City Bank$4.47B2.0%41.0%0.44%0.01%0.7%112.3%11.5%
Capital City Bank$4.45B1.5%64.8%0.40%0.12%1.2%66.4%11.9%
Hometrust Bank$4.44B1.6%60.0%1.40%0.20%1.1%103.6%13.2%
Primis Bank$4.34B1.0%68.0%1.83%0.37%1.2%107.0%11.0%
First Bank & Trust Co.$4.28B1.8%40.0%0.28%0.22%1.3%95.2%9.9%
Vallant Bank$3.99B1.2%68.7%0.51%0.06%1.3%86.3%12.3%
Colony Bank$3.61B1.1%65.0%0.76%0.28%0.9%82.7%11.2%
First Community Bank$3.61B2.0%54.2%0.70%0.17%1.3%80.9%14.2%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First BankCohort median
20212026Change20212026Change
Loans$2.09B$3.63B+74%$2.09B$3.31B+58%
Deposits$2.25B$3.82B+70%$2.69B$3.57B+33%
NPA / loans0.11%0.28%+0.17 pts0.33%0.60%+0.27 pts
Efficiency50.7%40.0%-10.7 pts61.7%58.7%-3.0 pts
ROA1.59%1.83%+0.24 pts1.31%1.55%+0.24 pts

This read was prepared for First Bank & Trust Co.'s board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First Bank & Trust Co. is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Southeast banks $3B to $10B
Institution www.firstbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
← Back to the catalogue