First Arkansas Bank and Trust

Headquarters

600 W Main St
Jacksonville, AR 72076
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by Jane Voshell | August 4, 2023 |

Our Mastercard was transferred to this bank 10 yrs ago. One account--two cards. Fraud on EACH card began occurring in April 2023. Their fraud group cancelled each compromised card and issued new ones each time. They did this three times for each card. Every single card was hacked. They were too incompetent to see something was wrong and stop issuing new cards. THE ACCOUNT WAS HACKED--NOT THE CARDS. They keep demanding payments on these cards that are not our charges. We will probably soon file a complaint with the Arkansas Banking Commission and have already reported this to FTC. Our FICO score was 840 when this started. TOTALLY INCOMPETENT BANK!!!!!


2024 Overview

General Bank Information

First Arkansas Bank and Trust is an FDIC insured institution located in Jacksonville, AR. It was founded in 1949 and has approximately $1.14 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 16849
Date Established 1949
Assets $ 1,139.86 million
Loans $ 791.78 million
Deposits $ 934.67 million
Capital $ 76.75 million
 

For a more detailed analysis of First Arkansas Bank and Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 22, 2024

Your Current Location: Ohio, OH 43085

Checking Rates APY MIN FEE
Prime Checking 4.75% $0 $0.00 Learn MoreShow Less

Loan Rates - November 22, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for First Arkansas Bank and Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

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6.494% 6.375%
0.88 points
$4,010 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
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6.953% 6.875%
0.63 points
$2,534 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125%
1.00 points
$3,200 fees
$2,156 Learn More
Veterans United Home Loans
NMLS ID: 1907

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Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

Note to First Arkansas Bank and Trust
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Branches

First Arkansas Bank and Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

First Arkansas Bank and Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

First Arkansas Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Arkansas Bank and Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Arkansas Bank and Trust U.S. Bank Average
14.74% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, First Arkansas Bank and Trust had $11,986,000 in non-current loans and $1,046,000 in owned real estate. To cover these potential losses it had $76,749,000 in equity and $11,657,000 in loans loss reserves. That gives it a Texas Ratio of 14.74%.

Return on Equity
First Arkansas Bank and Trust U.S. Bank Average
3.98% 10.46%

First Arkansas Bank and Trust has a Return on Equity of 3.98% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Arkansas Bank and Trust U.S. Bank Average
6.73% 10.84%

First Arkansas Bank and Trust has a Capitalization of 6.73% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Arkansas Bank and Trust Balance Sheet Analysis

As of June 30, 2024, First Arkansas Bank and Trust had assets of $1,139,855,000, loans of $791,775,000, and deposits of $934,674,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 14.29 million
Interest-bearing balances $ 0.90 million
Total securities $ 232.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 791.78 million
Loan loss allowance $ 11.66 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.05 million
Goodwill and other intangibles $ 28.46 million
All other assets $ 43.53 million
     Total Assets $ 1,063.11 million
LIABILITIES
Total deposits $ 934.67 million
      Interest-bearing deposits $ 792.78 million
      Deposits held in domestic offices $ 934.67 million
      % insured (estimated) 80.35%
Federal funds purchased and repurchase agreements $ 27.91 million
Trading liabilities N.A.
Other borrowed funds $ 21.37 million
Subordinated debt N.A.
All other liabilities $ 10.64 million
      Total Liabilities $ 1,063.11 million
      Shareholders’ Equity $ 76.75 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 29.54 million
Total Interest Expense $ 14.46 million
Net interest income $ 15.07 million
Provision for loan and lease losses $ 2.01 million
Total non interest income $ 18.67 million
Total non interest expense $ 30.18 million
Pre-tax Net Operating Income $ 8.24 million

Bank Loan Profile?

The top three loan types in First Arkansas Bank and Trust’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Arkansas, First Arkansas Bank and Trust has a significantly higher percent of Credit Card Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.72
Multifamily
Mortgages
0.24
Credit Card Loans 5.15
Consumer Auto Loans 0.09
Small Business Loans 6.56
Construction and Development Loans 10.60
Commercial Real Estate 20.37
Commercial and Industrial Loans 22.15
Farm Loans 0.22

Customer Reviews for First Arkansas Bank and Trust


  • August 4, 2023 |

    Our Mastercard was transferred to this bank 10 yrs ago. One account--two cards. Fraud on EACH card began occurring in April 2023. Their fraud group cancelled each compromised card and issued new ones each time. They did this three times for each card. Every single card was hacked. They were too incompetent to see something was wrong and stop issuing new cards. THE ACCOUNT WAS HACKED--NOT THE CARDS. They keep demanding payments on these cards that are not our charges. We will probably soon file a complaint with the Arkansas Banking Commission and have already reported this to FTC. Our FICO score was 840 when this started. TOTALLY INCOMPETENT BANK!!!!!


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