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Q2 2026 · read from the 30 June 2026 Call Report · United States · South Central · Arkansas, the state note

First National Bank of Fort Smith

Fort Smith, Arkansas · $2.31B in assets · beside the 11 other Arkansas banks between $1B and $3B

The filing

78.5%
Loans / deposits
1st of 12
47.9%
Efficiency
1st of 12
2.00%
ROA
2nd of 12

First National Bank of Fort Smith is the second largest of the 12 Arkansas banks nearest its size between $1B and $3B, with $2.31B in assets at 30 June 2026. Loans are 78.5% of deposits, the lowest in the cohort against a median of 92.3%, and equity is 12.3% of assets, 4th of 12. Loans grew -0.1% in the year, 10th of 12, and deposits grew 2.2%; the cohort's median loan growth is +7.0%.

Noncurrent loans are 0.44% of the book, 9th of 12 against a median of 0.38%; 0.55% is 30 to 89 days past due, and the allowance covers them 3.3 times. Commercial real estate is 47.5% of loans, 10th of 12 against a median of 34.1%, and 294% of capital, below the 300% screen, with construction at 98% against the 100% screen.

Return on assets is 2.00%, 2nd of 12 against a median of 1.42%, on an efficiency ratio of 47.9%, the lowest in the cohort. Five years ago it was 1.58%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Loans as a share of depositsAR banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 92.3% FN First National Bank of Fort Smith 78.5% FM Farmers & Merchants Bank 83.3% AB Anstaff Bank 86.3% CB Citizens Bank 86.5% CB Chambers Bank 87.6% EB Evolve Bank & Trust 91.7% RB Relyance Bank 92.9% FB FM Bank & Trust 93.3% SB Signature Bank of Arkansas 94.4% LB Legacy Bank 94.9% FN First National Bank 99.5% FF First Financial Bank 103.2%
Loans, year over yearAR banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +7.0% FB FM Bank & Trust +140.8% LB Legacy Bank +16.8% FF First Financial Bank +13.8% SB Signature Bank of Arkansas +12.0% AB Anstaff Bank +11.0% CB Chambers Bank +8.2% FM Farmers & Merchants Bank +5.9% FN First National Bank +5.5% CB Citizens Bank +4.9% FN First National Bank of Fort Smith -0.1% RB Relyance Bank -3.5% EB Evolve Bank & Trust -5.3%

SBA 7(a), FY2008 to FY2026

First National Bank of Fort Smith is the 32nd largest 7(a) lender into Arkansas of 260, with $14M across 64 loans, 0.5% of everything approved in the state (First Financial Bank leads with $379M). 3 of its 9 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Arkansas, 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
Benton, AR$8M12th of 901.9%-0.0 pts
Sebastian, AR$3M9th of 502.8%+1.8 pts
Washington, AR$3M20th of 920.9%-1.1 pts
Le Flore, OK$1M9th of 223.0%thin
Jasper, MO$920K24th of 580.4%quiet FY2008
Sequoyah, OK$652K9th of 134.4%thin
Oklahoma, OK$275K157th of 1720.0%quiet FY2013
Franklin, AR$220K11th of 160.5%thin
Haskell, OK$125K4th of 61.2%quiet FY2022
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
Retail trade10$4M23.2%0.01%821st of 2,589
Manufacturing7$3M20.0%0.01%855th of 2,246
Accommodation & food services16$3M18.0%0.00%1038th of 2,596
Construction6$2M12.0%0.01%914th of 2,063
Other services9$970K5.7%0.00%1185th of 2,248
7(a) lenders into Arkansas, share of approvals since FY2008260 lenders on record; the ten largest and First National
FF First Financial Bank 12.9% $379M · 620 loans LO Live Oak Banking Company 10.7% $313M · 188 loans AB Arvest Bank 9.9% $292M · 943 loans SB Southern Bancorp Bank 4.5% $131M · 158 loans AC Acc Capital 4.2% $123M · 258 loans FS First Service Bank 3.5% $103M · 154 loans RB Regions Bank 3.3% $97M · 140 loans TH The Huntington National Bank 3.0% $89M · 143 loans BO Bank Ozk 2.8% $82M · 119 loans SB Simmons Bank 2.5% $72M · 267 loans TF The First National Bank of Fort S… 0.5% $14M · 64 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 3 CBLR filers, First National among them; owner-occupied excluded; bold marks a screen met
First NationalRankCohort median
Total CRE against capital, the 300% screen294%10th of 12256%
Construction against capital, the 100% screen98%9th of 1286%
Construction and land development, share of loans15.9%10th of 1211.5%
Non-owner-occupied nonfarm nonresidential, share of loans16.6%5th of 1216.7%
Total CRE, the guidance definition, share of loans47.5%10th of 1234.1%
CRE growth over 36 months, the third prong+15.2%4th of 12+25.4%

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
First National Bank$2.59B1.2%57.9%0.19%-0.01%1.7%99.5%11.6%
First National Bank of Fort Smith$2.31B2.0%47.9%0.44%0.03%1.4%78.5%12.3%
First Financial Bank$2.04B2.2%55.3%3.64%0.20%1.1%103.2%11.4%
Farmers & Merchants Bank$2.02B1.1%64.6%0.39%0.01%1.3%83.3%11.2%
Signature Bank of Arkansas$1.63B1.1%61.9%0.04%0.01%1.2%94.4%9.3%
Citizens Bank$1.62B1.5%48.2%0.37%0.08%1.5%86.5%9.0%
Chambers Bank$1.59B1.7%58.1%0.23%0.02%1.1%87.6%12.8%
Relyance Bank$1.43B1.2%61.6%0.40%0.02%1.2%92.9%13.6%
FM Bank & Trust$1.36B1.9%48.6%0.52%0.08%1.5%93.3%7.9%
Legacy Bank$1.27B1.4%55.9%0.10%-0.01%1.3%94.9%9.0%
Evolve Bank & Trust$1.19B-0.1%105.4%1.88%0.19%1.3%91.7%13.6%
Anstaff Bank$1.18B1.9%52.8%0.14%0.03%1.2%86.3%9.6%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First NationalCohort median
20212026Change20212026Change
Loans$1.14B$1.58B+39%$841M$1.21B+44%
Deposits$1.55B$2.01B+29%$932M$1.38B+48%
NPA / loans0.21%0.44%+0.23 pts0.32%0.38%+0.06 pts
Efficiency49.0%47.9%-1.1 pts63.4%56.9%-6.5 pts
ROA1.58%2.00%+0.42 pts1.25%1.42%+0.18 pts

This read was prepared for First National Bank of Fort Smith'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 National Bank of Fort Smith 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 AR banks $1B to $3B
Institution www.fnbfs.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state 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.
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