The First Bank and Trust Company
Lebanon, Virginia, Russell County
$4.3B in total assets, the 331st largest of 4,309 US banks and 9th of 57 headquartered in Virginia.
- FDIC certificate
- 22918
- Established
- 1979
- Owned by
- First Bcorp Inc
- Primary regulator
- FED
- Website
- www.firstbank.com
At a glance
Compared with 22 banks headquartered in Virginia with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.3B | 91% | $1.8B | |
| Loans | $3.6B | 91% | $1.3B | |
| Deposits | $3.8B | 96% | $1.6B | |
| Return on assets | 1.76% | 91% | 1.19% | |
| Net interest margin | 4.16% | 73% | 3.62% | |
| Efficiency ratio | 40.0% | 4% | 60.5% | |
| Equity to assets | 9.88% | 41% | 10.65% | |
| Loans to deposits | 95% | 77% | 89% |
Growth
Total assets grew 10.3% a year over the last 5 years and 10.7% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2003 | First Commonwealth Bank Wise, VA | $62M |
| Dec 2001 | First Bank and Trust Company of Tennessee Johnson City, TN, an affiliate under the same holding company | $85M |
Where they operate
33 branches in 23 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Washington County, VA | $721M | 50.3% | 1 of 11 |
| Staunton City County, VA | $537M | 43.7% | 1 of 11 |
| Russell County, VA | $340M | 49.5% | 1 of 6 |
| Montgomery County, VA | $301M | 9.8% | 4 of 12 |
| Sullivan County, TN | $282M | 11.7% | 4 of 13 |
| Washington County, TN | $225M | 7.0% | 6 of 18 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 9 branches since 2016 (24 to 33, +37.5%). 9 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 24 | |||
| 2019 | Opened Blacksburg | 1 | 0 | +1 | 25 |
| 2020 | Opened Woodstock | 1 | 0 | +1 | 26 |
| 2021 | Opened Hanover and Red Oak | 2 | 0 | +2 | 28 |
| 2022 | Opened Lillington | 1 | 0 | +1 | 29 |
| 2023 | Opened Mount Airy | 1 | 0 | +1 | 30 |
| 2024 | Opened Abingdon | 1 | 0 | +1 | 31 |
| 2025 | Opened Morristown | 1 | 0 | +1 | 32 |
| 2026 through Q2 | Opened Wilson | 1 | 0 | +1 | 33 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 23% | 30% | |
| Commercial real estate | 22% | 37% | |
| Farmland | 22% | 1% | |
| Construction and land | 11% | 8% | |
| Agricultural | 9% | 0% | |
| Business (C&I) | 6% | 11% | |
| Consumer | 4% | 4% | |
| Multifamily | 2% | 7% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 64% | 50% | |
| Noninterest-bearing | 20% | 25% | |
| Time deposits | 17% | 25% |
Brokered deposits are 0.0% of deposits (peers 6.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.28% | 0.37% |
| Net charge-offs, annualized | 0.22% | 0.04% |
| Reserves to loans | 1.35% | 1.01% |
| Leverage ratio | 10.07% | 10.80% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Largest competitors in Washington County, VA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-bank-trust-lebanon-va