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5 Arkansas Banks Tally 1Q Losses

1 min read

Twenty-one Arkansas banks recorded a first-quarter profit of less than $200,000. Of that group, only five booked losses.

Little Rock’s One Bank & Trust posted the biggest loss for the period ending March 31: more than $1.3 million. Allied Bank of Mulberry, whose parent company is in Chapter 7 bankruptcy, reported an $830,000 quarterly loss.

Heartland Bank of Little Rock followed its big fourth-quarter earnings hit of nearly $4.7 million with a $660,000 loss during the first three months of 2016.

The other banks that finished in the red were more in keeping with the small-lender profile that dominated the roster of 21, banks with less than $100 million in total assets.

The $48.8 million-asset Forrest City Bank lost $50,000, and the $35.9 million-asset Little River Bank of Lepanto (Poinsett County) lost $30,000.

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