Q2 2026 · read from the 30 June 2026 Call Report · United States · Southeast · North Carolina, the state note

First Bank

Southern Pines, North Carolina · $13.03B in assets · beside the 11 other the Southeast banks over $10B (the state alone holds too few in the band to rank)

The filing

First Bank is the tenth largest of the 12 the Southeast banks nearest its size over $10B, with $13.03B in assets at 30 June 2026. Loans are 81.1% of deposits, 2nd of 12 against a median of 86.0%, and equity is 13.6% of assets, 5th of 12. Loans grew +9.3% in the year, 5th of 12, and deposits grew 2.3%; the cohort's median loan growth is +6.5%.

Noncurrent loans are 0.49% of the book, 3rd of 12 against a median of 0.73%; 0.13% is 30 to 89 days past due, and the allowance covers them 2.8 times. Commercial real estate is 49.0% of loans, 11th of 12 against a median of 39.5%, and 280% of capital, below the 300% screen, with construction at 54% against the 100% screen.

Return on assets is 1.54%, 3rd of 12 against a median of 1.22%, on an efficiency ratio of 49.1%, 3rd of 12. Five years ago it was 1.47%. The question is which of these lines moves first over the next four quarters, and against which peer.

SBA 7(a), FY2008 to FY2026

First Bank is the 10th largest 7(a) lender into North Carolina of 326, with $263M across 424 loans, 2.2% of everything approved in the state (Live Oak Banking Company leads with $1.40B). 306 of its 408 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Commercial real estate against capital

Among its peers

Institution	Assets	ROA	Efficiency	NPA / loans	Net charge-offs	Allowance / loans	Loans / deposits	Equity / assets
Bankunited National Association	$34.86B	0.9%	57.7%	1.69%	0.36%	0.9%	82.3%	9.1%
United Bank	$33.64B	1.5%	46.3%	0.44%	0.09%	1.2%	91.6%	16.7%
City National Bank of Florida	$29.11B	1.2%	45.1%	0.81%	0.09%	1.1%	93.2%	10.6%
United Community Bank	$28.99B	1.4%	57.0%	0.51%	0.18%	0.8%	83.0%	11.8%
Ameris Bank	$28.42B	1.2%	61.0%	0.57%	0.20%	1.6%	99.8%	14.3%
Wesbanco Bank Inc	$27.75B	1.4%	52.9%	0.86%	0.09%	1.1%	89.7%	15.2%
Townebank	$22.62B	2.1%	57.8%	0.22%	0.10%	1.3%	82.2%	13.2%
Seacoast National Bank	$21.34B	0.9%	59.0%	0.66%	0.10%	1.4%	78.3%	14.2%
Live Oak Banking Co.	$15.96B	1.0%	53.2%	4.01%	0.65%	1.5%	89.5%	7.6%
First Bank	$13.03B	1.5%	49.1%	0.49%	0.05%	1.4%	81.1%	13.6%
Burke & Herbert Bank & Trust Co.	$10.98B	0.9%	69.0%	1.19%	0.03%	1.2%	88.9%	12.1%
Amerant Bank National Association	$10.27B	0.9%	65.1%	2.49%	0.25%	1.2%	82.1%	9.6%