First Bank (Southern Pines, NC)
First Bank (Southern Pines, NC) reported total assets of $13.0 bn at Q2 2026, up 3.4% on a year earlier, the 136th largest of 497 banks in our US coverage. The CET1 capital ratio at First Bank (Southern Pines, NC) was 14.69%, and the uninsured share of First Bank (Southern Pines, NC) was 41.00%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, First Bank (Southern Pines, NC) climbed from 243rd to 197th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , First Bank (Southern Pines, NC) has taken over 4 institutions; the latest was GrandSouth Bank on (FDIC Call Reports).
What sets First Bank (Southern Pines, NC) apart
How large is First Bank (Southern Pines, NC)?
The balance sheet of First Bank (Southern Pines, NC) at : assets $13.0 bn, deposits $11.1 bn, net loans $8.9 bn (loans equal to 79.95% of deposits). Securities make up 18.8% of total assets at First Bank (Southern Pines, NC). Since , when First Bank (Southern Pines, NC) held $3.4 bn, its assets grew 285.3%. In the year to , deposits at First Bank (Southern Pines, NC) rose 2.3% while its total assets rose 3.4%. At , First Bank (Southern Pines, NC) employed 1,396 full-time equivalent staff across 116 offices, about $9.3 mn of assets per employee and $95.7 mn of deposits per office.
How much funding at First Bank (Southern Pines, NC) is uninsured?
At First Bank (Southern Pines, NC), uninsured deposits (above the FDIC limit) made up 41.00% of domestic deposits at (+0.82 pp on a year earlier); First Bank (Southern Pines, NC) ranks 175th of 500 on this measure. In dollars, First Bank (Southern Pines, NC) estimated $4.6 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $11.1 bn | +2.3% | 133rd of 499 |
| Net loans and leases | $8.9 bn | +9.4% | 136th of 500 |
| Loan-to-deposit ratio | 79.95% | +5.19 pp | 343rd of 500 |
| Tier 1 leverage ratio | 11.50% | +0.25 pp | 124th of 500 |
| Total risk-based capital ratio | 15.94% | -0.80 pp | 124th of 448 |
| Net interest margin | 3.82% | +0.35 pp | 197th of 500 |
| Return on assets (ROA) | 1.56% | +0.30 pp | 137th of 500 |
| Efficiency ratio | 48.12% | -4.01 pp | 116th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $66.4 mn | Narrowed by $18.6 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $204.5 mn | Narrowed by $94.4 mn | |
| Noncurrent loans to total loans | 0.49% | +0.07 pp | 193rd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.05% | -0.06 pp | 203rd of 500 (1 = lowest) |
US rank of First Bank (Southern Pines, NC): 1 = highest unless marked 1 = lowest.
Balance sheet
First Bank (Southern Pines, NC): assets, deposits and loans
- Total assets $13.0bn
- Deposits $11.1bn
- Net loans $8.9bn
Capital and securities
The CET1 ratio of First Bank (Southern Pines, NC) stood at 14.69% in , -0.80 pp year on year. Low and high at First Bank (Southern Pines, NC) since : 11.64% () to 15.49% (). Equity capital of First Bank (Southern Pines, NC) at : $1.8 bn, or 13.6% of total assets. First Bank (Southern Pines, NC) also reported a total capital ratio of 15.94% for , and a tier 1 leverage ratio of 11.50%.
On held-to-maturity securities, First Bank (Southern Pines, NC) carried an unrealized loss of $66.4 mn at , equal to 3.7% of equity capital. The loss narrowed by $18.6 mn over the year. Its deepest point: $125.6 mn in . The available-for-sale portfolio of First Bank (Southern Pines, NC) showed an unrealized loss of $204.5 mn at ; the loss narrowed by $94.4 mn over the year.
First Bank (Southern Pines, NC): capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 11%
First Bank (Southern Pines, NC): unrealized securities gains and losses
- Available for sale -$204mn
- Held to maturity -$66mn
Profitability and loan quality
For the year to , First Bank (Southern Pines, NC) earned a return on equity of 11.56%; return on assets: 1.56%. Net interest margin at First Bank (Southern Pines, NC): 3.82%, +0.35 pp in a year. First Bank (Southern Pines, NC) net income: $100.6 mn, up 28.2% year on year. The efficiency ratio of First Bank (Southern Pines, NC) was 48.12%: about 48 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 0.49% of total loans at First Bank (Southern Pines, NC); net charge-offs: 0.05% of average loans. Gross loans and leases at First Bank (Southern Pines, NC): $9.0 bn, up 9.3% in a year.
First Bank (Southern Pines, NC): profitability
- Return on equity 12%
- Net interest margin 3.8%
- Return on assets 1.6%
Peer group of First Bank (Southern Pines, NC)
The peer group of First Bank (Southern Pines, NC) is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of First Bank (Southern Pines, NC) (state member bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in North Carolina. Against them, First Bank (Southern Pines, NC) shows CET1 ratio 14.69% against a peer median of 14.29%, return on equity 11.56% against a peer median of 12.44% and uninsured deposit share 41.00% against a peer median of 20.06%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| NexBank | State nonmember bank | TX | $14.2 bn | 14.92% | 12.13% | 13.04% | |
| Comenity Capital Bank | State nonmember bank | UT | $13.9 bn | 12.52% | 12.74% | 8.82% | |
| BMW Bank of North America | State nonmember bank | UT | $13.8 bn | 13.65% | 17.05% | 3.42% | |
| First Bank | State member bank | NC | $13.0 bn | 14.69% | 11.56% | 41.00% | |
| BancFirst | State member bank | OK | $12.8 bn | 17.11% | 15.71% | 27.08% | |
| Dollar Bank, Federal Savings Bank | Federal savings bank | PA | $12.7 bn | 15.38% | 5.92% | 28.83% | |
| PlainsCapital Bank | State member bank | TX | $12.7 bn | 12.50% | 9.99% | 53.89% | |
. FDIC Call Reports.
Last eight quarters
Two years at First Bank (Southern Pines, NC), to : assets +7.2%, deposits +5.4%, equity +14.2%. Staff 1,372 to 1,396.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $12.2 bn | $12.1 bn | $12.4 bn | $12.6 bn | $12.7 bn | $12.7 bn | $12.9 bn | $13.0 bn |
| Total deposits | $10.5 bn | $10.6 bn | $10.8 bn | $10.9 bn | $10.9 bn | $10.8 bn | $11.0 bn | $11.1 bn |
| Bank equity capital | $1.6 bn | $1.5 bn | $1.6 bn | $1.6 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.8 bn |
| CET1 ratio | 15.26% | 15.23% | 15.40% | 15.49% | 15.17% | 14.69% | 14.74% | 14.69% |
| Return on equity (ROE) | 7.01% | 5.60% | 9.82% | 9.94% | 8.38% | 7.26% | 11.21% | 11.56% |
| Uninsured share of domestic deposits | 38.10% | 38.90% | 39.72% | 40.18% | 40.25% | 39.79% | 40.95% | 41.00% |
| Full-time equivalent employees | 1,372 | 1,371 | 1,353 | 1,380 | 1,352 | 1,353 | 1,353 | 1,396 |
| Number of offices | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First Bank (Southern Pines, NC), oldest first; figures before and after each event are not like for like.
- . Absorbed Carolina Bank (FDIC certificate 34348).
- . Absorbed Asheville Savings Bank, S.S.B. (FDIC certificate 29663).
- . Absorbed Select Bank & Trust Company (FDIC certificate 35465).
- . Absorbed GrandSouth Bank (FDIC certificate 34812).
Questions and identifiers
What were the total assets of First Bank (Southern Pines, NC)?
First Bank (Southern Pines, NC) reported $13.0 bn at in its Call Report. That makes First Bank (Southern Pines, NC) the 136th largest of 497 banks in our US coverage.
Is First Bank (Southern Pines, NC) the same as its holding company?
No. This page covers First Bank (Southern Pines, NC), FDIC certificate 15019; FIRST BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First Bank (Southern Pines, NC) profitable?
First Bank (Southern Pines, NC) reported net income of $100.6 mn for the year to ; annualized return on equity: 11.56%. So yes: First Bank (Southern Pines, NC) made a profit over these months.
When is data for First Bank (Southern Pines, NC) next updated?
Figures from First Bank (Southern Pines, NC) for are due after .
Where can I check the figures for First Bank (Southern Pines, NC)?
In the FDIC BankFind Suite record for certificate 15019, and in the Call Reports of First Bank (Southern Pines, NC) (RSSD ID 216922) at the FFIEC Central Data Repository.