First Bank
Southern Pines, North Carolina, Moore County
$13.0B in total assets, the 141st largest of 4,309 US banks and 5th of 39 headquartered in North Carolina.
- FDIC certificate
- 15019
- Established
- 1934
- Owned by
- First Bcorp
- Primary regulator
- FED
- Website
- www.localfirstbank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $13.0B | 18% | $22.5B | |
| Loans | $9.0B | 18% | $14.5B | |
| Deposits | $11.1B | 21% | $18.4B | |
| Return on assets | 1.09% | 32% | 1.30% | |
| Net interest margin | 3.82% | 63% | 3.61% | |
| Efficiency ratio | 48.1% | 25% | 55.2% | |
| Equity to assets | 13.62% | 81% | 11.57% | |
| Loans to deposits | 81% | 30% | 87% |
Growth
Total assets grew 9.7% a year over the last 5 years and 14.2% a year over 10 years, including 4 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2023 | GrandSouth Bank Greenville, SC | $1.2B |
| Oct 2021 | Select Bank & Trust Company Dunn, NC | $1.8B |
| Oct 2017 | Asheville Savings Bank, S.S.B. Asheville, NC | $796M |
| Mar 2017 | Carolina Bank Greensboro, NC | $706M |
| Jan 2011 | The Bank of Asheville Asheville, NC | $205M |
| Jun 2009 | Cooperative Bank Wilmington, NC | $967M |
| May 2008 | Sentry Bank & Trust Cheraw, SC | $213M |
| May 2003 | Carolina Community Bank, National Association Latta, SC, an affiliate under the same holding company | $74M |
| Sep 2001 | Home Savings, SSB Thomasville, NC, an affiliate under the same holding company | $105M |
| Nov 2000 | First Savings Bank of Moore County, Inc., SSB Southern Pines, NC, an affiliate under the same holding company | $309M |
| Dec 1995 | First Scotland Bank Laurinburg, NC | $20M |
| Aug 1994 | Central State Bank High Point, NC | $37M |
| Jul 1987 | The Bank of Candor Candor, NC | $9M |
Where they operate
114 branches in 51 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Moore County, NC | $1.1B | 38.5% | 1 of 11 |
| Buncombe County, NC | $840M | 11.2% | 5 of 22 |
| Guilford County, NC | $728M | 5.5% | 6 of 22 |
| New Hanover County, NC | $552M | 2.3% | 6 of 22 |
| Robeson County, NC | $430M | 29.6% | 2 of 7 |
| Greenville County, SC | $423M | 2.3% | 11 of 36 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 25 branches since 2016 (89 to 114, +28.1%). 12 opened, 41 acquired, 28 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 89 | |||
| 2016 | Opened Charlotte and GreenvilleClosed 4 in 2 states | 2 | 4 | −2 | 87 |
| 2017 | Acquired Asheville Savings Bank, S.S.B. and Carolina BankSold 4 branches to First Community Bank, opened 8 in North Carolina, closed 6 in North Carolina | 29 | 10 | +19 | 106 |
| 2018 | Opened High PointClosed 5 in North Carolina | 1 | 5 | −4 | 102 |
| 2020 | Opened CaryClosed Mooresville | 1 | 1 | 0 | 102 |
| 2021 | Acquired Select Bank & Trust CompanyClosed Dillon and Spring Lake | 12 | 2 | +10 | 112 |
| 2022 | Closed Fayetteville | 0 | 1 | −1 | 111 |
| 2023 | Acquired GrandSouth Bank | 8 | 0 | +8 | 119 |
| 2024 | Closed 5 in 2 states | 0 | 5 | −5 | 114 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 48% | 25% | |
| 1-4 family residential | 24% | 21% | |
| Construction and land | 9% | 6% | |
| Business (C&I) | 8% | 17% | |
| Multifamily | 7% | 8% | |
| Consumer | 1% | 10% | |
| Other | 3% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 60% | 62% | |
| Noninterest-bearing | 33% | 20% | |
| Time deposits | 7% | 18% |
Brokered deposits are 0.0% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.39% | 0.63% |
| Net charge-offs, annualized | 0.05% | 0.14% |
| Reserves to loans | 1.39% | 1.14% |
| Leverage ratio | 11.50% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Carolina
Largest competitors in Moore County, NC
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-bank-southern-pines-nc