The First Bank and Trust Company
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Data as of · sourced from FFIEC call reports. How we update
The First Bank and Trust Company is an FDIC-insured commercial bank headquartered in Lebanon, VA, established in 1979 (FDIC certificate 22918), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $4.28B, up 6.6% from Q2 2025, the 9th largest of 56 banks headquartered in Virginia. Its CET1 capital ratio was 12.58% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 22918
- Headquarters
- Lebanon, VA
- Established
- 1979
- Total assets, Q2 2026
- $4.28B
- Assets vs Q2 2025
- +6.6%
- CET1 ratio, Q2 2026
- 12.58%
- Domestic offices
- 35 FDIC institution directory, current count
- Routing number
- 051404464
- Latest call report
- Q2 2026, FFIEC 041 · The First Bank and Trust Company call report
- Holding company
- FIRST BANCORP, INC.
- Asset rank in state
- 9th of 56 in Virginia
The First Bank and Trust Company runs leaner than most banks of its size. It reported $4.3 billion in assets at June 30, 2026, up 6.6% from a year earlier. It spends about 38 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). It also returns 19.9% a year on shareholders' equity, higher than about three-quarters of banks its size (median 12.6%).
Earnings jumped: net income for the quarter was $21 million, 33% above the same quarter a year earlier. Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.28% of loans from 0.56%. Funding is the softer spot: it holds about two-fifths of its deposits (42%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, The First Bank and Trust Company reported a CET1 capital ratio of 12.58%, a return on assets of 1.98%, a nonperforming-loan ratio of 0.28% and a Texas ratio of 2.17%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The First Bank and Trust Company is the 9th largest of the 56 banks headquartered in Virginia. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 3.1% to $4.28B, loans rose 2.1% and deposits rose 3.4%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 22.7% of total loans, followed by farmland and other real estate loans at 21.9%. The FDIC Summary of Deposits lists 31 offices for it, in 26 cities across 3 states; its Abingdon 3 offices book 19% of its branch deposits. On its Q2 2026 call report, The First Bank and Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 359 W Main St, Lebanon, VA 24266
- County
- Russell
- Metro Area
- Kingsport-Bristol, TN-VA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- August 3, 1979
- Former names
- The First Bank and Trust Company (1984)
- Domestic offices
- 35 FDIC institution directory, current count
- Employees (FTE)
- 471
- Domestic deposits
- $3.82B
- Allowance for credit losses
- $49.0M
- Net charge-offs (YTD)
- $4.0M
- Average total assets
- $4.21B
- Average total loans
- $3.61B
- Average interest-bearing deposits
- $2.99B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 3, 1979
- FDIC Cert
- 22918
- Fed RSSD
- 223322
- Website
- www.firstbank.com →
- Parent Holding Company
- FIRST BANCORP, INC. (RSSD 1988646)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The First Bank and Trust Company's total assets ran between $3.15B (Q3 2023) and $4.28B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.28B total assets against $4.01B; $3.85B total liabilities against $3.63B.
$3.59B net loans and leases against $3.38B; $3.82B total deposits against $3.57B.
$61.1M securities against $62.1M; $466.3M cash and balances due against $404.8M.
$64.2M total interest income against $60.5M; $21.3M total interest expense against $23.6M.
$42.8M net interest income against $37.0M.
$10.3M total noninterest income against $5.3M; $20.2M total noninterest expense against $18.8M.
$6.7M provision for credit losses against $3.6M.
$20.8M net income against $15.7M.
1.98% return on assets against 1.59%; 4.22% net interest margin against 3.90%.
12.58% CET1 capital ratio against 12.22%; 10.07% tier 1 leverage ratio against 9.83%.
Inside the full The First Bank and Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
The First Bank and Trust Company rankings
Its closest position to the top of a national ranking is 141 of 3,606, for efficiency ratio; its furthest is 1,530 of 2,134, for CET1 ratio.
Metric pages for The First Bank and Trust Company: Uninsured deposits, Efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.58% (Q1 2025) to 1.98% (Q2 2026) and its net interest margin ran from 3.67% (Q3 2024) to 4.22% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.58% | 1.98% | 0.28% | 2.17% | 4.22% |
| Q1 2026 | 12.62% | 1.72% | 0.30% | 2.38% | 4.10% |
| Q4 2025 | 12.71% | 1.70% | 0.37% | 2.89% | 4.08% |
| Q3 2025 | 12.41% | 1.66% | 0.39% | 3.08% | 4.06% |
| Q2 2025 | 12.22% | 1.59% | 0.56% | 4.49% | 3.90% |
| Q1 2025 | 12.48% | 1.58% | 0.38% | 2.99% | 3.86% |
| Q4 2024 | 12.32% | 1.71% | 0.33% | 2.69% | 3.83% |
| Q3 2024 | 12.34% | 1.62% | 0.32% | 2.74% | 3.67% |
Swipe the table sideways to see every column.
Branch Network
View all 31 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Abingdon Branch | Abingdon , VA | 24210 | $618.3M |
| Staunton Branch | Staunton , VA | 24401 | $319.7M |
| The First Bank and Trust Company | Lebanon , VA | 24266 | $226.4M |
| Christiansburg Branch | Christiansburg , VA | 24073 | $223.3M |
| Lynchburg Branch | Forest , VA | 24551 | $220.0M |
| Verona Branch | Verona , VA | 24482 | $217.1M |
| Johnson City Branch | Johnson City , TN | 37604 | $194.0M |
| Wise Branch | Wise , VA | 24293 | $184.0M |
| East Bristol Branch | Bristol , VA | 24201 | $178.5M |
| Waynesboro Branch | Waynesboro , VA | 22980 | $153.1M |
| Pinnacle Branch | Bristol , TN | 37620 | $145.0M |
| East Harrisonburg Branch | Harrisonburg , VA | 22801 | $142.4M |
| Wytheville Branch | Wytheville , VA | 24382 | $135.4M |
| East Lebanon Branch | Lebanon , VA | 24266 | $113.4M |
| Bridgewater Branch | Bridgewater , VA | 22812 | $106.0M |
| East Abingdon Branch | Abingdon , VA | 24210 | $102.4M |
| Volunteer Parkway Branch | Bristol , TN | 37620 | $93.9M |
| Blacksburg Office | Blacksburg , VA | 24060 | $77.9M |
| Hanover Branch | Hanover , VA | 23069 | $69.1M |
| Fairlawn Office | Fairlawn , VA | 24141 | $50.6M |
| Park Avenue Branch | Norton , VA | 24273 | $50.2M |
| Kingsport Branch | Kingsport , TN | 37660 | $42.7M |
| Lillington Branch | Lillington , NC | 27546 | $33.5M |
| Gray Office Branch | Gray , TN | 37615 | $30.8M |
| Woodstock Branch | Woodstock , VA | 22664 | $25.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 1, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 1, 2003 | Structure Change | Acquired First Commonwealth Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 29, 2001 | Structure Change | Acquired First Bank and Trust Company of Tennessee Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 28, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.0% of deposits in VA, rank 14 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 4 loans, $1.5M approved, $374K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The First Bank and Trust Company
What are The First Bank and Trust Company's total assets?
As of the Q2 2026 filing, The First Bank and Trust Company reported total assets of $4.28 billion in its FFIEC call report.
Where is The First Bank and Trust Company headquartered?
It is headquartered in Lebanon, VA, United States.
When was The First Bank and Trust Company founded?
It was established in 1979, per the FDIC institution directory.
Is The First Bank and Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22918). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First Bank and Trust Company?
The First Bank and Trust Company's primary federal regulator is the Federal Reserve.
What is The First Bank and Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.58% in its Q2 2026 call report, above regulatory requirements.
How many branches does The First Bank and Trust Company operate?
It operates 35 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The First Bank and Trust Company's Texas Ratio?
Its Texas Ratio is 2.17% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was The First Bank and Trust Company previously called?
The charter now named The First Bank and Trust Company has also operated as The First Bank and Trust Company (1984), per FDIC structure-change records.
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