First Carolina Bank
Rocky Mount, North Carolina, Nash County
$3.4B in total assets, the 388th largest of 4,309 US banks and 9th of 39 headquartered in North Carolina.
- FDIC certificate
- 35530
- Established
- 2000
- Owned by
- First Carolina Finl Services
- Primary regulator
- FDIC
- Website
- www.firstcarolinabank.com
At a glance
Compared with 8 banks headquartered in North Carolina with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.4B | 62% | $1.6B | |
| Loans | $2.7B | 62% | $1.3B | |
| Deposits | $2.9B | 62% | $1.4B | |
| Return on assets | 0.54% | 12% | 1.32% | |
| Net interest margin | 3.39% | 12% | 3.93% | |
| Efficiency ratio | 74.6% | 75% | 62.9% | |
| Equity to assets | 13.38% | 88% | 9.96% | |
| Loans to deposits | 96% | 75% | 88% |
Growth
Total assets grew 22.2% a year over the last 5 years and 35.0% a year over 10 years, without acquisitions.
Where they operate
9 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Wake County, NC | $1.4B | 1.3% | 7 of 36 |
| Nash County, NC | $926M | 26.4% | 1 of 11 |
| Virginia Beach City County, VA | $194M | 2.1% | 10 of 17 |
| New Hanover County, NC | $160M | 0.7% | 12 of 22 |
| Fulton County, GA | $108M | 0.1% | 32 of 46 |
| Rockingham County, NC | $70M | 5.2% | 7 of 9 |
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 6 branches since 2016 (3 to 9, +200.0%). 7 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 3 | |||
| 2016 | Closed Greenville | 0 | 1 | −1 | 2 |
| 2017 | Opened Raleigh | 1 | 0 | +1 | 3 |
| 2020 | Opened Cary and Wilmington | 2 | 0 | +2 | 5 |
| 2021 | Opened Virginia Beach | 1 | 0 | +1 | 6 |
| 2022 | Opened Atlanta and Columbia | 2 | 0 | +2 | 8 |
| 2023 | Opened Greenville | 1 | 0 | +1 | 9 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 48% | 41% | |
| Multifamily | 16% | 4% | |
| 1-4 family residential | 13% | 31% | |
| Construction and land | 12% | 11% | |
| Business (C&I) | 11% | 9% | |
| Farmland | 0% | 1% | |
| Other | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 55% | 49% | |
| Time deposits | 24% | 23% | |
| Noninterest-bearing | 21% | 28% |
Brokered deposits are 18.9% of deposits (peers 2.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.81% | 0.16% |
| Net charge-offs, annualized | 0.00% | 0.00% |
| Reserves to loans | 0.80% | 0.86% |
| Leverage ratio | 11.36% | 11.48% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Carolina
Largest competitors in Wake 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/first-carolina