First Carolina Bank
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Data as of · sourced from FFIEC call reports. How we update
First Carolina Bank is an FDIC-insured commercial bank headquartered in Rocky Mount, NC, established in 2000 (FDIC certificate 35530), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $3.41B, up 0.6% from Q2 2025, the 9th largest of 38 banks headquartered in North Carolina. Its CET1 capital ratio was 12.88% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 35530
- Headquarters
- Rocky Mount, NC
- Established
- 2000
- Total assets, Q2 2026
- $3.41B
- Assets vs Q2 2025
- +0.6%
- CET1 ratio, Q2 2026
- 12.88%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 053112408
- Latest call report
- Q2 2026, FFIEC 041 · First Carolina Bank call report
- Holding company
- FIRST CAROLINA FINANCIAL SERVICES, INC.
- Asset rank in state
- 9th of 38 in North Carolina
First Carolina Bank leans heavily on commercial real estate. It reported $3.4 billion in assets at June 30, 2026. It holds commercial real estate loans worth 4.5 times its capital, about double the median of 2.2 times for the 895 banks with $1 billion to $10 billion in assets. It also lost 2.6% of its deposits over the year, lower than about 9 in 10 banks its size (median 5.1%).
Loans and deposits moved in opposite directions: over the year loans rose 1.7% and deposits fell 2.6%. Profitability lags: it returns 5.7% a year on shareholders' equity, about half the median of 12.6% for banks its size.
As of June 30, 2026, First Carolina Bank reported a CET1 capital ratio of 12.88%, a return on assets of 0.72%, a nonperforming-loan ratio of 0.81% and a Texas ratio of 5.45%. The figures come from its call report filed with the FFIEC.
First Carolina Bank ranks as the 9th largest of the 38 banks based in North Carolina, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.4% to $3.41B, loans rose 2.2% and deposits fell 3.4%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 38.0% of total loans, followed by multifamily loans at 15.8%. The FDIC Summary of Deposits lists 9 offices for it, in 9 cities across 4 states; its Raleigh office books 46% of its branch deposits. Judged on its Q2 2026 call report, First Carolina Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 171 N Winstead Ave, Rocky Mount, NC 27804
- County
- Nash
- Metro Area
- Rocky Mount, NC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- November 29, 2000
- Former names
- First Carolina State Bank (2007-2013)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 272
- Domestic deposits
- $2.87B
- Allowance for credit losses
- $22.1M
- Net charge-offs (YTD)
- $4K
- Average total assets
- $3.40B
- Average total loans
- $2.69B
- Average interest-bearing deposits
- $2.29B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- November 29, 2000
- FDIC Cert
- 35530
- Fed RSSD
- 2963266
- SEC CIK
- 1531193 → filed by FIRST CAROLINA FINANCIAL SERVICES, INC.
- Website
- www.firstcarolinabank.com →
- Parent Holding Company
- FIRST CAROLINA FINANCIAL SERVICES, INC. (RSSD 4346706) · FCBM
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
From Q3 2023 to Q2 2026, First Carolina Bank's total assets ranged from $2.56B (Q3 2023) to $3.52B (Q3 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.41B total assets against $3.39B; $2.95B total liabilities against $2.98B.
$2.72B net loans and leases against $2.68B; $2.87B total deposits against $2.95B.
$325.3M securities against $322.0M; $118.8M cash and balances due against $151.9M.
$46.8M total interest income against $46.4M; $20.2M total interest expense against $21.6M.
$26.6M net interest income against $24.7M.
$6.7M total noninterest income against $13.2M; $25.5M total noninterest expense against $30.7M.
$273K provision for credit losses against -$169K.
$6.1M net income against $5.8M.
0.72% return on assets against 0.71%; 3.35% net interest margin against 3.21%.
12.88% CET1 capital ratio against 10.72%; 11.36% tier 1 leverage ratio against 10.10%.
Inside the full First Carolina 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 exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
First Carolina Bank rankings
Its closest position to the top of a national ranking is 370 of 4,196, for total assets; its furthest is 855 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.10% (Q3 2025) to 0.87% (Q4 2024) and its net interest margin ran from 3.21% (Q2 2025) to 3.38% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.88% | 0.72% | 0.81% | 5.45% | 3.35% |
| Q1 2026 | 11.55% | 0.82% | 0.83% | 6.13% | 3.34% |
| Q4 2025 | 11.21% | 0.70% | 0.81% | 6.06% | 3.32% |
| Q3 2025 | 10.92% | -0.10% | 0.83% | 6.33% | 3.22% |
| Q2 2025 | 10.72% | 0.71% | 0.90% | 6.74% | 3.21% |
| Q1 2025 | 10.65% | 0.73% | 0.66% | 4.96% | 3.31% |
| Q4 2024 | 13.08% | 0.87% | 0.67% | 4.25% | 3.38% |
| Q3 2024 | 11.31% | 0.81% | 0.66% | 4.73% | 3.30% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 |
|---|---|---|---|
| Raleigh Branch | Raleigh , NC | 27608 | $1.33B |
| First Carolina Bank (main office) | Rocky Mount , NC | 27804 | $926.2M |
| Va Beach Branch | Virginia Beach , VA | 23454 | $193.8M |
| Wilmington Branch | Wilmington , NC | 28403 | $159.6M |
| Atlanta Branch | Atlanta , GA | 30342 | $107.9M |
| Reidsville Branch | Reidsville , NC | 27320 | $70.5M |
| Cary Branch | Cary , NC | 27519 | $56.9M |
| Columbia Branch | Columbia , SC | 29205 | $17.2M |
| Greenville, Sc Branch | Greenville , SC | 29601 | $6.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in NC, rank 19 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 129 applications, 104 loans originated, $185.4M originated, across 7 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $245K approved, $122K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2007 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Carolina Bank
What are First Carolina Bank's total assets?
As of the Q2 2026 filing, First Carolina Bank reported total assets of $3.41 billion in its FFIEC call report.
Where is First Carolina Bank headquartered?
It is headquartered in Rocky Mount, NC, United States.
When was First Carolina Bank founded?
It was established in 2000, per the FDIC institution directory.
Is First Carolina Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #35530). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Carolina Bank?
First Carolina Bank's primary federal regulator is the FDIC.
What is First Carolina Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.88% in its Q2 2026 call report, above regulatory requirements.
How many branches does First Carolina Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Carolina Bank's Texas Ratio?
Its Texas Ratio is 5.45% 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.
What was First Carolina Bank previously called?
The charter now named First Carolina Bank has also operated as First Carolina State Bank (2007-2013), per FDIC structure-change records.
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