FNBC Bank of Ash Flat is working its way toward converting the LPO it opened in August at 1118 Windover Road in Jonesboro into a full-service branch.
Brad Snider, Jonesboro market president for FNBC, reports the expanded operations should be ready to roll Jan. 2.
The $451 million-asset lender has a current roster of 10 full-service branches in a five-county footprint that includes two offices in Hardy and one each in Ash Flat, Highland, Mountain Home, Batesville, Salem, Mammoth Spring, Melbourne and Horseshoe Bend.
Jonesboro’s nearly $2.6 billion-deposit market hosts a competitive field of 14 banks with 39 offices.
The dominant slice is held by Conway’s Centennial Bank, 27.2 percent totaling $703 million supported by six locations.
Other deposit market share leaders include Simmons, 9.3 percent totaling $240 million; IberiaBank of Lafayette, Louisiana, about 8.4 percent totaling $216 million; Regions, about 7.7 percent totaling $198 million; and First Security, nearly 7 percent totaling $179 million.
FNBC Bank, Ash Flat
Total Assets: $451 million Net Income: $4.3 million
Equity Capital: $44.1 million Staff: 98
(As of Sept. 30)
| Total Assets | Net Income | Dividends | Efficiency Ratio | |
| 2017 | $440,947 | $4,366 | $2,600 | 72.66% |
| 2016 | $421,173 | $3,021 | $1,000 | 80.24% |
| 2015 | $375,191 | $3,333 | $2,500 | 79.59% |
| 2014 | $357,752 | $4,122 | $3,091 | 73.95% |
| 2013 | $367,783 | $3,506 | $3,506 | 74.20% |
| 2012 | $363,075 | $3,591 | $3,591 | 72.03% |
| 2011 | $359,802 | $3,005 | $4,781 | 70.12% |
| 2010 | $363,416 | $2,296 | $1,558 | 67.90% |
Source: Federal Deposit Insurance Corp. Dollars in thousands except where noted.
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