First Bank (Southern Pines, NC)
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Data as of · sourced from FFIEC call reports. How we update
First Bank is an FDIC-insured commercial bank headquartered in Southern Pines, NC, established in 1934 (FDIC certificate 15019), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $13.03B, up 3.4% from Q2 2025, the 5th largest of 38 banks headquartered in North Carolina. Its CET1 capital ratio was 14.69% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 15019
- Headquarters
- Southern Pines, NC
- Established
- 1934
- Total assets, Q2 2026
- $13.03B
- Assets vs Q2 2025
- +3.4%
- CET1 ratio, Q2 2026
- 14.69%
- Domestic offices
- 116 FDIC institution directory, current count
- Routing number
- 053104568
- Latest call report
- Q2 2026, FFIEC 041 · First Bank call report
- Holding company
- FIRST BANCORP
- Asset rank in state
- 5th of 38 in North Carolina
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 0.49% and a Texas ratio of 2.55%. The figures come from its call report filed with the FFIEC.
First Bank ranks as the 5th largest of the 38 banks based in North Carolina, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.7% to $13.03B, loans rose 2.2% and deposits rose 0.7%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 32.7% of total loans, followed by 1-4 family residential loans at 23.5%. The FDIC Summary of Deposits lists 114 offices for it, in 91 cities across 2 states; its Asheville 6 offices book 6% of its branch deposits. On its Q2 2026 call report, First Bank meets every capital ratio test for well capitalized.
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
- Domestic offices
- 116 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
First Bank's total assets moved between a low of $11.98B (Q3 2023) and a high of $13.03B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$13.03B total assets against $12.60B; $11.26B total liabilities against $10.97B.
$8.88B net loans and leases against $8.11B; $11.10B total deposits against $10.85B.
$2.45B securities against $2.66B; $552.4M cash and balances due against $713.0M.
$148.3M total interest income against $136.7M; $35.8M total interest expense against $38.4M.
$112.5M net interest income against $98.3M.
$18.6M total noninterest income against $16.4M; $64.3M total noninterest expense against $60.5M.
$1.2M provision for credit losses against $2.2M.
$52.3M net income against $40.3M.
1.60% return on assets against 1.27%; 3.76% net interest margin against 3.38%.
14.69% CET1 capital ratio against 15.49%; 11.50% tier 1 leverage ratio against 11.25%.
Inside the full First Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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
Its closest position to the top of a national ranking is 135 of 4,196, for total assets; its furthest is 2,013 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.17% (Q4 2024) to 1.60% (Q2 2026) and its net interest margin ran from 2.99% (Q3 2024) to 3.76% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.69% | 1.60% | 0.49% | 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% | 0.44% | 2.44% | 3.54% |
| Q2 2025 | 15.49% | 1.27% | 0.42% | 2.28% | 3.38% |
| Q1 2025 | 15.40% | 1.22% | 0.36% | 2.25% | 3.29% |
| Q4 2024 | 15.23% | 0.17% | 0.39% | 2.57% | 3.16% |
| Q3 2024 | 15.26% | 0.66% | 0.43% | 2.03% | 2.99% |
Swipe the table sideways to see every column.
Branch Network
View all 114 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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 | Structure Change | Acquired Cooperative Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| June 20, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| 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
Facts as filed or published, not a rating.
- 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 82 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).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is First Bank headquartered?
It is headquartered in Southern Pines, NC, United States.
When was First Bank founded?
It was established in 1934, per the FDIC institution directory.
Is First Bank FDIC-insured?
Yes. It 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.
What is First Bank's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 2.55% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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