First Carolina Bank
First Carolina Bank reported total assets of $3.4 bn at Q2 2026, up 0.6% on a year earlier, the 371st largest of 497 banks in our US coverage. The CET1 capital ratio at First Carolina Bank was 12.88%, and the uninsured share of First Carolina Bank was 17.72%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, First Carolina Bank climbed from 455th to 244th among 448 US banks between and (1 = highest; FDIC Call Reports).
- First Carolina Bank has one of the highest efficiency ratio readings among banks of $1 bn to $10 bn: 74.60% at , against a median of 56.87% across 339 banks (FDIC Call Reports).
What sets First Carolina Bank apart
How large is First Carolina Bank?
The balance sheet of First Carolina Bank at : assets $3.4 bn, deposits $2.9 bn, net loans $2.7 bn (loans equal to 94.78% of deposits). Securities make up 9.6% of total assets at First Carolina Bank. Since , when First Carolina Bank held $162.4 mn, its assets grew 1,996.7%. In the year to , deposits at First Carolina Bank fell 2.6% while its total assets rose 0.6%. At , First Carolina Bank employed 272 full-time equivalent staff across 9 offices, about $12.5 mn of assets per employee and $318.9 mn of deposits per office.
How much funding at First Carolina Bank is uninsured?
At First Carolina Bank, uninsured deposits (above the FDIC limit) made up 17.72% of domestic deposits at (+0.70 pp on a year earlier); First Carolina Bank ranks 430th of 500 on this measure. In dollars, First Carolina Bank estimated $508.5 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.9 bn | -2.6% | 371st of 499 |
| Net loans and leases | $2.7 bn | +1.7% | 340th of 500 |
| Loan-to-deposit ratio | 94.78% | +3.97 pp | 116th of 500 |
| Tier 1 leverage ratio | 11.36% | +1.26 pp | 145th of 500 |
| Total risk-based capital ratio | 13.72% | +2.18 pp | 280th of 448 |
| Net interest margin | 3.39% | +0.10 pp | 320th of 500 |
| Return on assets (ROA) | 0.78% | +0.05 pp | 437th of 500 |
| Efficiency ratio | 74.60% | -3.24 pp | 461st of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $428,000 | Narrowed by $191,000 | |
| Noncurrent loans to total loans | 0.81% | -0.09 pp | 313th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | 0.00 pp | 64th of 500 (1 = lowest) |
US rank of First Carolina Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First Carolina Bank: assets, deposits and loans
- Total assets $3.4bn
- Deposits $2.9bn
- Net loans $2.7bn
Capital and securities
The CET1 ratio of First Carolina Bank stood at 12.88% in , +2.16 pp year on year. Low and high at First Carolina Bank since : 10.65% () to 19.88% (). Equity capital of First Carolina Bank at : $455.6 mn, or 13.4% of total assets. First Carolina Bank also reported a total capital ratio of 13.72% for , and a tier 1 leverage ratio of 11.36%.
The available-for-sale portfolio of First Carolina Bank showed an unrealized loss of $428,000 at ; the loss narrowed by $191,000 over the year.
First Carolina Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 11%
First Carolina Bank: unrealized securities gains and losses
- Available for sale -$428,000
- Held to maturity $0
Profitability and loan quality
For the year to , First Carolina Bank earned a return on equity of 6.19%; return on assets: 0.78%. Net interest margin at First Carolina Bank: 3.39%, +0.10 pp in a year. The efficiency ratio of First Carolina Bank was 74.60%: about 75 cents cost per revenue dollar, against 49 cents at the median peer.
At , noncurrent loans were 0.81% of total loans at First Carolina Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at First Carolina Bank: $2.7 bn, up 1.7% in a year.
First Carolina Bank: profitability
- Return on equity 6.2%
- Net interest margin 3.4%
- Return on assets 0.8%
Peer group of First Carolina Bank
The peer group of First Carolina Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 5 share the charter type of First Carolina Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in North Carolina. Against them, First Carolina Bank shows CET1 ratio 12.88% against a peer median of 13.35%, return on equity 6.19% against a peer median of 15.02% and uninsured deposit share 17.72% against a peer median of 35.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Banco do Brasil Americas | State nonmember bank | FL | $3.5 bn | 23.30% | 14.52% | 30.51% | |
| PCB Bank | State nonmember bank | CA | $3.5 bn | 13.35% | 11.25% | 47.93% | |
| Bankwell Bank | State nonmember bank | CT | $3.5 bn | 11.67% | 15.51% | 39.67% | |
| First Carolina Bank | State nonmember bank | NC | $3.4 bn | 12.88% | 6.19% | 17.72% | |
| Northrim Bank | State nonmember bank | AK | $3.4 bn | 12.38% | 17.64% | 38.94% | |
| First Dakota National Bank | National bank | SD | $3.4 bn | not reported | 17.36% | 32.75% | |
| Northern Bank & Trust Company | State nonmember bank | MA | $3.4 bn | 15.30% | 13.22% | 33.00% | |
. FDIC Call Reports.
Last eight quarters
Two years at First Carolina Bank, to : assets +10.4%, deposits +10.3%, equity +31.6%. Staff 155 to 272.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.1 bn | $3.0 bn | $3.2 bn | $3.4 bn | $3.5 bn | $3.3 bn | $3.4 bn | $3.4 bn |
| Total deposits | $2.6 bn | $2.5 bn | $2.7 bn | $2.9 bn | $3.1 bn | $2.8 bn | $3.0 bn | $2.9 bn |
| Bank equity capital | $346.1 mn | $391.1 mn | $398.1 mn | $405.7 mn | $396.9 mn | $405.3 mn | $412.9 mn | $455.6 mn |
| CET1 ratio | 11.31% | 13.08% | 10.65% | 10.72% | 10.92% | 11.21% | 11.55% | 12.88% |
| Return on equity (ROE) | 7.08% | 7.05% | 5.88% | 5.84% | 3.61% | 4.20% | 6.84% | 6.19% |
| Uninsured share of domestic deposits | 16.69% | 17.51% | 16.87% | 17.01% | 16.02% | 17.84% | 17.00% | 17.72% |
| Full-time equivalent employees | 155 | 162 | 336 | 312 | 297 | 276 | 269 | 272 |
| Number of offices | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by First Carolina Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of First Carolina Bank?
First Carolina Bank reported $3.4 bn at in its Call Report. That makes First Carolina Bank the 371st largest of 497 banks in our US coverage.
Is First Carolina Bank the same as its holding company?
No. This page covers First Carolina Bank, FDIC certificate 35530; FIRST CAROLINA FINL SERVICES (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
When is data for First Carolina Bank next updated?
Figures from First Carolina Bank for are due after .
Where can I check the figures for First Carolina Bank?
In the FDIC BankFind Suite record for certificate 35530, and in the Call Reports of First Carolina Bank (RSSD ID 2963266) at the FFIEC Central Data Repository.