First Bank of Boaz
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Data as of · sourced from FFIEC call reports. How we update
First Bank of Boaz is an FDIC-insured commercial bank headquartered in Boaz, AL, established in 1906 (FDIC certificate 2784), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $239.8M, down 0.6% from Q2 2025, the 55th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 19.66% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 2784
- Headquarters
- Boaz, AL
- Established
- 1906
- Total assets, Q2 2026
- $239.8M
- Assets vs Q2 2025
- -0.6%
- Tier 1 leverage ratio, Q2 2026
- 19.66%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 062202163
- Latest call report
- Q2 2026, FFIEC 051 · First Bank of Boaz call report
- Holding company
- FIRST BOAZ BANCORPORATION
- Asset rank in state
- 55th of 93 in Alabama
First Bank of Boaz, based in Boaz, Alabama, reported $240 million in assets at June 30, 2026. It keeps 2.49 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it funds 19.66% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.99%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $31 million equal 59% of Tier 1 capital, down from 70% a year earlier. Loans are outrunning deposits: over the year loans rose 8.1% and deposits rose 1.2%. Profitability lags: it returns 8.0% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.5%).
As of June 30, 2026, First Bank of Boaz reported a return on assets of 0.87%, a nonperforming-loan ratio of 0.05% and a Texas ratio of 0.11%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Bank of Boaz is the 55th largest of the 93 banks headquartered in Alabama. From Q1 2026 to Q2 2026, its total assets rose 1.1% to $239.8M, loans rose 1.7% and deposits rose 1.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 30.4% of total loans, ahead of owner-occupied commercial real estate loans at 21.4%. The FDIC Summary of Deposits lists a single office for it, in Boaz, AL. By the capital ratios in its Q2 2026 call report, First Bank of Boaz meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 124 S Main St, Boaz, AL 35957
- County
- Marshall
- Metro Area
- Albertville, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1906
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $208.0M
- Allowance for credit losses
- $1.0M
- Net charge-offs (YTD)
- -$5K
- Average total assets
- $262.6M
- Average total loans
- $69.2M
- Average interest-bearing deposits
- $150.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 2784
- Fed RSSD
- 533535
- Website
- http://firstbankofboaz.com →
- Parent Holding Company
- FIRST BOAZ BANCORPORATION (RSSD 1082889)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, First Bank of Boaz reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Bank of Boaz's total assets ranged from $237.2M (Q1 2026) to $252.5M (Q2 2024), 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
$239.8M total assets against $241.3M; $210.9M total liabilities against $216.6M.
$69.1M net loans and leases against $63.9M; $208.0M total deposits against $205.6M.
$149.5M securities against $142.2M; $9.6M cash and balances due against $21.9M.
$2.5M total interest income against $2.6M; $966K total interest expense against $1.0M.
$1.6M net interest income against $1.6M.
$119K total noninterest income against $105K; $1.0M total noninterest expense against $972K.
No provision recorded in the last 12 quarters.
$568K net income against $603K.
0.87% return on assets against 0.89%; 2.49% net interest margin against 2.48%.
19.66% tier 1 leverage ratio against 19.00%.
Inside the full First Bank of Boaz terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Bank of Boaz rankings
Its closest position to the top of a national ranking is 1,619 of 3,606, for efficiency ratio; its furthest is 3,220 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.63% (Q1 2025) to 1.04% (Q3 2025) and its net interest margin ran from 2.38% (Q1 2025) to 2.68% (Q4 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.66% | 0.87% | 0.05% | 0.11% | 2.49% |
| Q1 2026 | 19.98% | 0.69% | 0.04% | 0.09% | 2.38% |
| Q4 2025 | 19.88% | 0.88% | 0.00% | 0.00% | 2.47% |
| Q3 2025 | 19.33% | 1.04% | 0.01% | 0.02% | 2.47% |
| Q2 2025 | 19.00% | 0.89% | 0.07% | 0.17% | 2.48% |
| Q1 2025 | 18.93% | 0.63% | 0.07% | 0.17% | 2.38% |
| Q4 2024 | 21.06% | 1.01% | 0.53% | 1.39% | 2.68% |
| Q3 2024 | 20.28% | 0.94% | 0.57% | 1.19% | 2.57% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| First Bank of Boaz (main office) | Boaz , AL | 35957 | $208.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in AL, rank 79 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $70K approved, $70K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1999 (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 First Bank of Boaz
What are First Bank of Boaz's total assets?
As of the Q2 2026 filing, First Bank of Boaz reported total assets of $239.8 million in its FFIEC call report.
Where is First Bank of Boaz headquartered?
It is headquartered in Boaz, AL, United States.
When was First Bank of Boaz founded?
It was established in 1906, per the FDIC institution directory.
Is First Bank of Boaz FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #2784). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Bank of Boaz?
First Bank of Boaz's primary federal regulator is the FDIC.
How many branches does First Bank of Boaz operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Bank of Boaz's Texas Ratio?
Its Texas Ratio is 0.11% 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.
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