# BENEFIT BANK
FORT SMITH, AR · FDIC certificate 35281 · asset band <$300M · latest filing 2015-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $194.7M | |
| Deposits | $157.9M | |
| Loans and leases | $175.8M | |
| Total equity | $21.8M | |
| Loans / deposits | 109.20% (p97 of band) | 70.43% |
| Liquid assets / assets | 7.99% (p2 of band) | |
| Uninsured deposits / deposits | 18.64% (p72 of band) | 13.33% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 7.19% (p77 of band) | |
| FHLB advances / assets | 7.19% | |
| Tier 1 leverage | 11.15% (p60 of band) | 10.49% |
| Unrealized securities loss / equity | 0.27% (p29 of band) | 1.32% |
| AOCI / equity | 0.18% (p34 of band) | |
| ROA (annualized) | 1.35% (p80 of band) | 0.80% |
| Net interest margin | 3.61% (p52 of band) | 3.57% |
| Efficiency ratio | 74.70% (p52 of band) | |
| Noncurrent loans | 4.77% (p95 of band) | 0.77% |
| Net charge-offs (annualized) | -0.20% (p3 of band) | |
| Reserve coverage of noncurrent | 40.34% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 77.40% (p91 of band) | |
| Auto loans | $1.0M (0.59% of loans; DQ 0.10%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.7% | |
| Employees | 59 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 | losing money |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 4 | noncurrent p90 |  |
| 2012-03 | 4 | deposits shrinking, assets shrinking | construction >100% equity, losing money |
| 2012-06 | 5 | charge-offs p90 |  |
| 2012-09 | 5 |  |  |
| 2012-12 | 5 |  |  |
| 2013-03 | 3 |  | noncurrent p90, charge-offs p90 |
| 2013-06 | 3 |  |  |
| 2013-09 | 2 |  | assets shrinking |
| 2013-12 | 4 | loans exceed deposits, assets shrinking |  |
| 2014-03 | 1 |  | deposits shrinking, loans exceed deposits, assets shrinking |
| 2014-06 | 2 | loans exceed deposits |  |
| 2014-09 | 3 | liquid assets <10% |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 4 | noncurrent p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2014-12-30 [Fort Smith’s Benefit Bank Bought Out, To Merge With Armstrong Bank In 2015 - 5newsonline.com](https://news.google.com/rss/articles/CBMikgJBVV95cUxNcUZZZ2VsUm1pWDl1aGJWQlJWZU5LelFrNjJteFhXbVgzeU9NakM1eE9JcVUxMGFsaUNaczhmbGs5YWstTWtZQ3RJZnpYNzN3QjdwdlcyOVRNR1FDamQwTTFxOFdvY1RHeHZucU4xSENwS1JoU1dVdmU1SmNzX2VCY1BhWlFJdC1QdmtQbS1DcFRaWHM1SWR3cXFRbXBFY3FjQ2NBbU0xRUVDejV2OUJWWm5nWHFGTmJ1ZGRvRm9IYkRkUzdjeG43cnpCdU5jdW5ZNFRtZzhMQ2EwWENZX3BpcF9memlEQ1dibUYtd2x0TTVkLXI5YmNSaWtmLUhla2x1ODhuV1A0cG15UFY5b281Qld3?oc=5) · 5newsonline.com
- 2015-02-02 [Benefit Bank Transaction Set At $32M - Arkansas Business](https://news.google.com/rss/articles/CBMigwFBVV95cUxORjlHTnFYX3RKSl9OVVN2Tjg4c0hUdkR6R3RzQ0Nrek45MUZuSDhMNE1DSUpvWUlZdjh3MGtSLW9teENtX0g5U0RFcWxFbm1FVmxWQWw5RkZIb011bS1vNU1WSGNwYU1Za0NQR284SkllSy02Yk5JZFBxRFpnRkd3Nm1RTQ?oc=5) · Arkansas Business
- 2015-01-05 [Grand Bancorp Completes Acquisition of Decatur State Bank - Talk Business & Politics](https://news.google.com/rss/articles/CBMilgFBVV95cUxONkMzMUdOdmhCR0wwajFWNXNWTHNYNWpKM0hrek1xYUxpazNuMmwxMUxZdFZlRnkydW8zWlVwMUJkbWstWThMZk9QSElyejVCZk96QkdHMFE0YUFVaDhTWWdZY0szRlN2SjRuRGZxd3d4bFM0U2c5N09UeFo0VXo2ak9BU3pnZ1JUZllkcW5MNFRpMnQzdFE?oc=5) · Talk Business &amp; Politics
- 2015-05-24 [Business news in brief - Northwest Arkansas Democrat-Gazette](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOSGc3dEo0dGl4UUxNRHJjNUM5d1pMZVFiOE56OXB1czBhNkRyZEM3WUtGdUk5MGlWY3prNExRQW9KNF9fNGtldUVRWnVqNW5TdTZHVDNoQUZWcHQzWUFrdENwOTdzVlg3aXA0aldMUzR0YVhhZTF1ZWlkZ1p1RlBLQ0VRMFp0NVQ2eTBN?oc=5) · Northwest Arkansas Democrat-Gazette
- 2018-03-12 [Kevin Penix Obituary - Fort Smith, AR - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxOVGJUdmR4cm5leWZDemp3ZnlJMU5nY1VHT2R0S0pUdnpfN3h3UFIzb0l6bTlSak5GaG16b1E3SGNmOWhPaFJVYjlxbHZWNjBuUXYySnYtTERMTU16ZnkxRXNFZXI5d2RBRlZjTTBzbHlCNEMyYi12OUpPYmlna3pvQkNn?oc=5) · Dignity Memorial
- 2023-12-21 [Donna Lynn Sweeten (Tinkler) Obituary | Ocker-Putman Funeral Homes | Fort Smith, AR - Tribute Archive](https://news.google.com/rss/articles/CBMihgFBVV95cUxPNC0zdFFwVlRRakIxSVQwU3lGeGhvTXY0a1hxWGk5X3ZFaTJPWi03dkpRck1RcDFYYzdvVHpTb1hXd0pOYnByVjAyaEF2Z3lfTzJBdlJ1R1d6THlBZ3F0LUMtWlJIUjA3bXdvbjYzdU5BUjBxc0lPajRSSy1nREZRSjV0ejVpZw?oc=5) · Tribute Archive
- 2018-03-21 [James Bird Obituary - Fort Smith, AR - Dignity Memorial](https://news.google.com/rss/articles/CBMigAFBVV95cUxNTDdhcWhEOXVZUFVjR2p5V0p0bGpJRkZucjRCMjZ3X2tSa0tWdkxyUzl5TmRjU1o1ZTh4OHNhbXdQbG5od3VNOUhkZ2lVcmR4WVBRU3BzYkEydDY2V0NuSTdfR0oxcHIyYkJDX2NFdV82aHhXWGtpa21DRVU1c0JkTA?oc=5) · Dignity Memorial
- 2012-10-21 [Ronald Pawley Obituary - Greenwood, AR - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxPOUxLc3d6NGlKX0ZzaHdVQXA3VnNXc3BKbVJmTG5rckVEdFp2SF81c2VhMVhrRDBtSmVuZlZlWDQ4UDF0YV9KemttRVBwMnBaSHMyX1RWbE15UTc1bFoxYm1TX01mUm1JalpwaE5aN0dYSFBuQ2ZRcVBQNFcwUFpKX084bw?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35281 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/17.json (key "35281", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide