First Bank (Southern Pines, NC): Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
First Bank, based in Southern Pines, North Carolina, reported $13.0 billion in assets at June 30, 2026, up 3.4% from a year earlier. It pays an average of 1.30% on its deposits and borrowings, lower than about three-quarters of the 127 banks with $10 billion to $100 billion in assets (median 1.92%). It also funds 11.50% of its assets with Tier 1 capital, higher than about three-quarters of banks its size (median 10.25%).
Net income for the quarter rose 30% from a year earlier, to $52 million. Over the same year, loans grew 9.3% and deposits grew 2.3%. Concentration is the risk to watch: it holds commercial real estate loans worth 2.8 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
As of June 30, 2026, First Bank reported a CET1 capital ratio of 14.69%, a return on assets of 1.60%, a nonperforming-loan ratio of 0.50% and a Texas ratio of 2.55%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 205 Se Broad St, Southern Pines, NC 28387
- County
- Moore
- Metro Area
- Pinehurst-Southern Pines, NC
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1934
- Offices
- 116 domestic
- Employees (FTE)
- 1,396
- Domestic deposits
- $11.10B
- Allowance for credit losses
- $124.9M
- Net charge-offs (YTD)
- $2.4M
- Average total assets
- $13.09B
- Average total loans
- $8.90B
- Average interest-bearing deposits
- $7.41B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- February 8, 1935
- FDIC Cert
- 15019
- Fed RSSD
- 216922
- SEC CIK
- 811589 → filed by FIRST BANCORP
- Website
- www.localfirstbank.com →
- Parent Holding Company
- FIRST BANCORP (RSSD 1076431) · FBNC
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Richard H Moore | CEO | Chief Executive Officer |
| Mayer Michael Goodwin | PRES | President |
| Elizabeth B Bostian | CFO | Chief Financial Officer |
| Wilson Christian Anthony | COO | Chief Operating Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.69% | 1.60% | 0.50% | 2.55% | 3.76% |
| Q1 2026 | 14.74% | 1.50% | 0.47% | 2.46% | 3.69% |
| Q4 2025 | 14.69% | 0.54% | 0.42% | 2.28% | 3.65% |
| Q3 2025 | 15.17% | 0.69% | 0.49% | 2.44% | 3.54% |
| Q2 2025 | 15.49% | 1.27% | 0.48% | 2.28% | 3.38% |
| Q1 2025 | 15.40% | 1.22% | 0.50% | 2.25% | 3.29% |
| Q4 2024 | 15.23% | 0.17% | 0.48% | 2.57% | 3.16% |
| Q3 2024 | 15.26% | 0.66% | 0.51% | 2.03% | 2.99% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 114 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| 132 Greensboro-Main Branch | Greensboro , NC | 27401 | $393.2M |
| First Bank (main office) | Southern Pines , NC | 28387 | $378.7M |
| 086 Florence Evan Street | Florence , SC | 29501 | $331.7M |
| Anderson Branch | Anderson , SC | 29624 | $266.6M |
| 122 Fayetteville Branch (Sb 71) | Fayetteville , NC | 28303 | $262.1M |
| 201 Asheville-Downtown Branch | Asheville , NC | 28801 | $255.9M |
| Greenville Sc Halton Rd Branch | Greenville , SC | 29607 | $245.1M |
| 036 Sanford | Sanford , NC | 27330 | $234.9M |
| 056 Lumberton | Lumberton , NC | 28358 | $234.4M |
| 110 Jacksonville Main | Jacksonville , NC | 28546 | $218.2M |
| 048 Pinecrest Plaza | Southern Pines , NC | 28387 | $202.9M |
| 114 Greenville | Greenville , NC | 27858 | $194.1M |
| 027 Asheboro Branch | Asheboro , NC | 27203 | $166.4M |
| 029 Laurinburg | Laurinburg , NC | 28352 | $165.4M |
| 133 Greensboro-Lawndale Branch | Greensboro , NC | 27408 | $164.9M |
| 210 Marion | Marion , NC | 28752 | $162.6M |
| 037 Lillington | Lillington , NC | 27546 | $162.4M |
| 076 Wilmington-Monkey Junction Branch | Wilmington , NC | 28412 | $157.6M |
| 002 Denton | Denton , NC | 27239 | $152.9M |
| 074 Wilmington-Landfall Branch | Wilmington , NC | 28403 | $151.2M |
| 141 Cumberland Branch | Dunn , NC | 28334 | $142.8M |
| 125 Raleigh | Raleigh , NC | 27609 | $141.0M |
| 111 Washington | Washington , NC | 27889 | $136.4M |
| 004 Seven Lakes | West End , NC | 27376 | $132.3M |
| 206 Black Mountain | Black Mountain , NC | 28711 | $128.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2023 | Structure Change | Acquired GrandSouth Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 16, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 16, 2021 | Structure Change | Acquired Select Bank & Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 1, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2017 | Structure Change | Acquired Asheville Savings Bank, S.S.B. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 4, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 4, 2017 | Structure Change | Acquired Carolina Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 22, 2011 | Structure Change | Acquired The Bank of Asheville Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 21, 2011 | Merger | Participated in FDIC Assisted Merger | FDIC |
| June 20, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| June 20, 2009 | Structure Change | Acquired Cooperative Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| May 17, 2008 | Structure Change | Acquired Sentry Bank & Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 16, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 17, 2003 | Structure Change | Acquired Carolina Community Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 16, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 18, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 15, 2001 | Structure Change | Acquired Home Savings, SSB Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 18, 2000 | Structure Change | Acquired First Savings Bank of Moore County, Inc., SSB Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 17, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 15, 1995 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 26, 1994 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 26, 1994 | Structure Change | Acquired Central State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 11, 1987 | Structure Change | Acquired The Bank of Candor Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 10, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 25 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for First Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 2 against the institution (SEC Form 8-K)
- July 14, 2026, SEC Form 8-K: 8-K Item 1.01: written agreement
- June 21, 2022, SEC Form 8-K: 8-K Item 1.01: written agreement
- Period: Most recent institution action July 14, 2026. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.4% of deposits in NC, rank 7 of 86 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,196 applications, 1,629 loans originated, $677.0M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 62 loans, $64.7M approved, $1.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about First Bank
What are First Bank's total assets?
As of the Q2 2026 filing, First Bank reported total assets of $13.03 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Bank headquartered?
First Bank is headquartered in Southern Pines, NC, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First Bank founded?
First Bank was established in 1934, per the FDIC institution directory.
Is First Bank FDIC-insured?
Yes. First Bank is an FDIC-insured commercial bank (FDIC Certificate #15019). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Bank?
First Bank's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First Bank's CET1 capital ratio?
First Bank reported a Common Equity Tier 1 (CET1) capital ratio of 14.69% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Bank operate?
First Bank operates 116 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Bank's Texas Ratio?
First Bank's Texas Ratio is 2.55% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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