The catalogue › United States › Southeast › North Carolina
The state note · prepared 7 September 2026

North Carolina

38 banks and 57 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

38 banks filing · read from the 30 June 2026 Call Report
38
banks filing
$3.50T in assets
+6.7%
Loans, year over year
median; 10 above 10%, 6 shrinking
26.6%
CRE / loans
median
84.1%
Loans / deposits
median
0.40%
NPA / loans
median
11.7%
Equity / assets
median

North Carolina's 38 banks hold $3.50T in assets at 30 June 2026. Bank of America N.A. is the largest at $2.65T, and the five largest hold 99% of the total; 14 institutions are above $1B, holding $3.49T.

Loans grew a median +6.7% in the year to 30 June 2026: 10 institutions grew faster than 10% and 6 shrank. The median bank lends 84% of its deposits and holds commercial real estate at 26.6% of loans. Nonperforming loans sit at a median 0.40% of the book, return on assets at 1.07%, and equity at 11.7% of assets.

10 of the 38 are in the catalogue, each read from its own filing beside the banks its size in the state: Bank of America N.A., Truist Bank, First-citizens Bank & Trust Co., Live Oak Banking Co., First Bank, Southern Bank & Trust Co., Fidelity Bank, Hometrust Bank, Farmers & Merchants Bank, KS Bank Inc.

Who holds the state's assetseach institution's share of the $3.50T the state's 38 hold; the largest first, amber in the catalogue
Bank of America N.A.: 75.8%Bo76%Truist Bank: 15.7%TB16%First-citizens Bank & Trust Co.: 6.7%FBLive Oak Banking Co.: 0.5%First Bank: 0.4%Southern Bank & Trust Co.: 0.2%Fidelity Bank: 0.1%Hometrust Bank: 0.1%First Carolina Bank: 0.1%Peoples Bank: 0.1%28 others 0%BoBank of America N.A.75.8%TBTruist Bank15.7%FBFirst-citizens Bank &…6.7%LOLive Oak Banking Co.0.5%FBFirst Bank0.4%SBSouthern Bank & Trust…0.2%FBFidelity Bank0.1%HBHometrust Bank0.1%FCFirst Carolina Bank0.1%PBPeoples Bank0.1%

Bank of America N.A. holds 75.8% of the state's bank assets; the five largest hold 99%, and 14 of the 38 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestBank of America N.A.: 76% of the totalThe five largest99% of the totalThe ten largest100% of the totalGINI10 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 99% of the assets in 13% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
Other loans and leases28.5%$496BCommercial & industrial25.5%$443B1-4 family residential, closed-end18.2%$316BCredit card6.3%$109BNonfarm nonresidential, non-owner-occupied4.4%$76.0BNonfarm nonresidential, owner-occupied3.9%$68.2BAuto3.8%$65.8BHome equity lines2.4%$41.3BConsumer, other2.1%$36.3BStates & municipalities1.8%$31.5BConstruction & land1.7%$29.1BMultifamily1.3%$22.0BFarmland0.2%$4.3BAgricultural production0.1%$1.2B

Other loans and leases is the largest category at 28.5% of the state's $1.74T in loans, then Commercial & industrial at 25.5% and 1-4 family residential, closed-end at 18.2%.

Loans, year over yearNorth Carolina banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 37 · amber, in the catalogue
state median +6.7% KB KS Bank Inc +21.5% AB American Bank of the Carolinas +17.8% BB Blueharbor Bank +16.2% TS Taylorsville Savings Bank SSB +15.8% LO Live Oak Banking Co. +15.6% RS Roxboro Savings Bank SSB +14.8% BS Belmont Savings Bank SSB +14.0% PF Piedmont FSB +11.4% HS Hertford Savings Bank SSB +10.7% PB Peoples Bank +10.5% FB First Bank +9.3% LB Lifestore Bank +8.9% SB Southern Bank & Trust Co. +8.4% LG Lumbee Guaranty Bank +8.1% PB Providence Bank +7.1% FB First-citizens Bank & Trust Co. +6.8% RS Riverside Savings Bank SSB +6.7% JS Jackson Savings Bank SSB +6.7% FF First Federal Bank +6.7% Bo Bank of America N.A. +6.0% TB Triad Business Bank +5.9% FB Fidelity Bank +5.9% TB Truist Bank +3.9% MS Morganton Savings Bank SSB +2.3% FM Farmers & Merchants Bank +2.1%

KS Bank Inc grew fastest at +21.5%; 10 grew faster than 10% and 6 shrank, New Republic Bank the most at -16.3%. The median is +6.7%.

Commercial real estate, share of loansNorth Carolina banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 37 · amber, in the catalogue
state median 26.6% FC First Carolina Bank 65.6% FM Farmers & Merchants Bank 61.6% PB Providence Bank 59.5% FB First Bank 49.0% KB KS Bank Inc 47.2% FB Fidelity Bank 40.4% BB Blueharbor Bank 39.9% TB Triad Business Bank 39.7% NR New Republic Bank 38.7% Bo Bank of Oak Ridge 38.0% RS Riverside Savings Bank SSB 37.4% HB Hometrust Bank 37.2% PB Peoples Bank 36.2% AB American Bank of the Carolinas 36.0% UB Uwharrie Bank 32.0% NS North State Bank 31.1% LG Lumbee Guaranty Bank 28.8% NB Nantahala Bank & Trust Co. 26.8% MF Mechanics & Farmers Bank 26.6% LB Lifestore Bank 25.4% PF Piedmont FSB 25.2% SB Southern Bank & Trust Co. 24.9% LO Live Oak Banking Co. 23.8% FF First Federal Bank 22.7% MS Morganton Savings Bank SSB 22.4%

First Carolina Bank is the most CRE-weighted at 65.6% of loans; 6 of the 38 are above 40%, against a median of 26.6%.

Commercial real estate against capital, the 300% screenNorth Carolina banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 38 · amber, in the catalogue
state median 144% 300% screen FC First Carolina Bank 448% KB KS Bank Inc 425% PB Providence Bank 419% FB First Bank 280% NS North State Bank 277% BB Blueharbor Bank 274% TB Triad Business Bank 259% Bo Bank of Oak Ridge 241% HB Hometrust Bank 235% LO Live Oak Banking Co. 227% AB American Bank of the Carolinas 216% PB Peoples Bank 215% FM Farmers & Merchants Bank 210% FB Fidelity Bank 206% NB Nantahala Bank & Trust Co. 180% UB Uwharrie Bank 172% FF First Federal Bank 166% TS Taylorsville Savings Bank SSB 166% SB Southern Bank & Trust Co. 158% LB Lifestore Bank 130% NR New Republic Bank 130% RS Riverside Savings Bank SSB 125% TS Tarboro Savings Bank SSB 122% HS Hertford Savings Bank SSB 113% LG Lumbee Guaranty Bank 112%

3 of the 38 banks sit above the 300% screen, First Carolina Bank the highest at 448% of capital; the median is 144%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenNorth Carolina banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 38 · amber, in the catalogue
state median 53% 100% screen KB KS Bank Inc 199% TS Taylorsville Savings Bank SSB 130% PB Providence Bank 117% HS Hertford Savings Bank SSB 111% FM Farmers & Merchants Bank 104% NS North State Bank 98% BB Blueharbor Bank 86% FB Fidelity Bank 83% TB Triad Business Bank 81% FC First Carolina Bank 81% NB Nantahala Bank & Trust Co. 75% BS Belmont Savings Bank SSB 71% LO Live Oak Banking Co. 70% FF First Federal Bank 68% UB Uwharrie Bank 65% HB Hometrust Bank 63% PB Peoples Bank 62% AB American Bank of the Carolinas 57% FB First Bank 54% RS Riverside Savings Bank SSB 52% Bo Bank of Oak Ridge 41% PF Piedmont FSB 37% SB Southern Bank & Trust Co. 35% FB First-citizens Bank & Trust Co. 30% LB Lifestore Bank 28%

5 of the 38 banks sit above the 100% construction screen, KS Bank Inc the highest at 199%; the median is 53%.

Loans to depositsNorth Carolina banks, 30 June 2026 · listed highest first · the 25 highest of 38 · amber, in the catalogue
state median 84% BS Belmont Savings Bank SSB 122% HB Hometrust Bank 104% Bo Bank of Oak Ridge 102% PB Providence Bank 97% BB Blueharbor Bank 97% FC First Carolina Bank 96% NS North State Bank 95% JS Jackson Savings Bank SSB 95% PF Piedmont FSB 94% KB KS Bank Inc 92% AB American Bank of the Carolinas 92% FF First FSB of Lincolnton 91% LO Live Oak Banking Co. 90% MS Morganton Savings Bank SSB 88% NR New Republic Bank 87% FB First-citizens Bank & Trust Co. 87% TB Triad Business Bank 86% TS Tarboro Savings Bank SSB 85% FS First Savings & Loan Association 84% TS Taylorsville Savings Bank SSB 84% RS Riverside Savings Bank SSB 82% PB Peoples Bank 82% FB First Bank 81% FF First Federal Bank 81% TB Truist Bank 79%

3 of the 38 lend more than they hold in deposits, Belmont Savings Bank SSB the furthest at 122%; the median is 84%.

Nonperforming loans, share of loansNorth Carolina banks, 30 June 2026 · listed highest first · the 25 highest of 37 · amber, in the catalogue
state median 0.40% LO Live Oak Banking Co. 4.01% MF Mechanics & Farmers Bank 2.39% Bo Bank of Oak Ridge 1.79% HB Hometrust Bank 1.40% TB Triad Business Bank 1.38% FB First-citizens Bank & Trust Co. 1.12% LB Lifestore Bank 1.11% FC First Carolina Bank 0.81% FM Farmers & Merchants Bank 0.79% TB Truist Bank 0.72% TS Tarboro Savings Bank SSB 0.66% Bo Bank of America N.A. 0.65% JS Jackson Savings Bank SSB 0.49% FB First Bank 0.49% FF First Federal Bank 0.47% FF First FSB of Lincolnton 0.46% FB Fidelity Bank 0.42% PB Peoples Bank 0.41% TS Taylorsville Savings Bank SSB 0.40% LG Lumbee Guaranty Bank 0.37% BS Belmont Savings Bank SSB 0.37% NB Nantahala Bank & Trust Co. 0.32% FS First Savings & Loan Association 0.23% HS Hertford Savings Bank SSB 0.22% MS Morganton Savings Bank SSB 0.21%

Live Oak Banking Co. carries the most nonperforming loans at 4.01% of the book; 7 of the 38 are above 1%, and the median is 0.40%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%NPA / loansAllowance / loansMSMorganton Savings Bank SSB+3.29%FMFarmers & Merchants Bank+1.12%RSRoxboro Savings Bank SSB+1.11%ABAmerican Bank of the Carolinas+0.99%NRNew Republic Bank+0.94%BBBlueharbor Bank+0.94%SBSouthern Bank & Trust Co.+0.93%FBFirst Bank+0.90%FBFidelity Bank+0.85%TBTruist Bank+0.78%UBUwharrie Bank+0.74%PBProvidence Bank+0.74%HSHertford Savings Bank SSB+0.70%RSRiverside Savings Bank SSB+0.68%NBNantahala Bank & Trust Co.+0.65%KBKS Bank Inc+0.64%PFPiedmont FSB+0.60%FFFirst FSB of Lincolnton+0.55%NSNorth State Bank+0.49%BoBank of America N.A.+0.43%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 10 of the 38 hold an allowance smaller than their nonperforming loans.

Return on assetsNorth Carolina banks, 30 June 2026 · listed highest first · the 25 highest of 38 · amber, in the catalogue
state median 1.07% CH Cedar Hill National Bank 4.66% FM Farmers & Merchants Bank 2.52% BB Blueharbor Bank 2.22% NR New Republic Bank 1.83% PB Providence Bank 1.77% FB Fidelity Bank 1.67% HB Hometrust Bank 1.57% FB First Bank 1.54% NB Nantahala Bank & Trust Co. 1.46% AB American Bank of the Carolinas 1.42% SB Southern Bank & Trust Co. 1.34% KB KS Bank Inc 1.29% Bo Bank of Oak Ridge 1.23% UB Uwharrie Bank 1.23% RS Roxboro Savings Bank SSB 1.17% PB Peoples Bank 1.15% TB Truist Bank 1.15% LB Lifestore Bank 1.15% Bo Bank of America N.A. 1.11% FB First-citizens Bank & Trust Co. 1.02% LO Live Oak Banking Co. 0.96% TS Taylorsville Savings Bank SSB 0.86% LG Lumbee Guaranty Bank 0.81% NS North State Bank 0.79% FC First Carolina Bank 0.77%

Cedar Hill National Bank earns the most at 4.66% and Tarboro Savings Bank SSB the least at -0.26%; 11 of the 38 earn under 0.50%, and the median is 1.07%.

The efficiency ratio, with the return beside itNorth Carolina banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 38 · amber, in the catalogue
state median 64.9% BB Blueharbor Bank 33.6% ROA 2.22% PB Providence Bank 41.5% ROA 1.77% FM Farmers & Merchants Bank 47.9% ROA 2.52% FB First Bank 49.1% ROA 1.54% FB Fidelity Bank 51.5% ROA 1.67% RS Roxboro Savings Bank SSB 52.3% ROA 1.17% SB Southern Bank & Trust Co. 52.6% ROA 1.34% LO Live Oak Banking Co. 53.2% ROA 0.96% Bo Bank of America N.A. 54.0% ROA 1.11% TB Truist Bank 54.2% ROA 1.15% KB KS Bank Inc 57.3% ROA 1.29% AB American Bank of the Carolinas 57.7% ROA 1.42% HB Hometrust Bank 60.0% ROA 1.57% LB Lifestore Bank 61.0% ROA 1.15% Bo Bank of Oak Ridge 62.1% ROA 1.23% NR New Republic Bank 62.4% ROA 1.83% TS Taylorsville Savings Bank SSB 62.6% ROA 0.86% NB Nantahala Bank & Trust Co. 63.6% ROA 1.46% CH Cedar Hill National Bank 64.3% ROA 4.66% FB First-citizens Bank & Trust Co. 65.6% ROA 1.02% UB Uwharrie Bank 66.4% ROA 1.23% PB Peoples Bank 68.9% ROA 1.15% LG Lumbee Guaranty Bank 71.6% ROA 0.81% MF Mechanics & Farmers Bank 76.2% ROA 0.68% FC First Carolina Bank 76.7% ROA 0.77%

Blueharbor Bank runs the leanest at 33.6% of revenue in cost; 11 of the 38 spend more than 80 cents of every revenue dollar, and the median is 64.9%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Bank of America N.A.$2.65T+6.0%4.6%57%0.65%1.11%9.1%
Truist Bank$548B+3.9%10.0%79%0.72%1.15%11.5%
First-citizens Bank & Trust Co.$236B+6.8%14.5%87%1.12%1.02%9.8%
Live Oak Banking Co.$16.0B+15.6%23.8%90%4.01%0.96%7.6%
First Bank$13.0B+9.3%49.0%81%0.49%1.54%13.6%
Southern Bank & Trust Co.$5.3B+8.4%24.9%75%0.12%1.34%8.2%
Fidelity Bank$4.7B+5.9%40.4%70%0.42%1.67%10.0%
Hometrust Bank$4.4B-2.6%37.2%104%1.40%1.57%13.2%
First Carolina Bank$3.4B+1.7%65.6%96%0.81%0.77%13.4%
Peoples Bank$1.8B+10.5%36.2%82%0.41%1.15%9.9%
Providence Bank$1.5B+7.1%59.5%97%0.12%1.77%12.3%
North State Bank$1.5B-0.7%31.1%95%0.17%0.79%8.4%
Piedmont FSB$1.3B+11.4%25.2%94%0.16%0.20%18.3%
Uwharrie Bank$1.2B+1.9%32.0%63%0.11%1.23%8.8%
Farmers & Merchants Bank$999M+2.1%61.6%64%0.79%2.52%15.0%
Five years, 2021 to 2026the 38 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$1.26T$1.74T+38%
Deposits, in total$2.48T$2.77T+12%
NPA / loans, median0.45%0.40%-0.05 pts
Efficiency, median70.2%64.9%-5.2 pts
ROA, median0.95%1.07%+0.12 pts

Small-business lending

SBA 7(a) approvals into North Carolina since FY2008, across every lender type

$12.0B of 7(a) credit has been approved into North Carolina since FY2008 across 21,683 loans. Accommodation & food services is the largest category at 23.8%, Health care & social assistance at 11.1%, Retail trade at 10.4%; the three together are 45% of the money. The heaviest losses fall in Retail trade, at 2.12% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 326 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
LO Live Oak Banking Company 11.7% $1.4B · 1,090 loans FN First National Bank of Pennsylvan… 5.5% $656M · 942 loans TB Truist Bank 5.4% $645M · 1,934 loans WF Wells Fargo Bank National Associa… 5.0% $600M · 2,368 loans PB Pinnacle Bank 4.2% $508M · 541 loans G Gbank 4.1% $497M · 177 loans UC United Community Bank 2.8% $334M · 426 loans T Townebank 2.6% $309M · 326 loans TH The Huntington National Bank 2.4% $282M · 632 loans FB First Bank 2.2% $263M · 424 loans FF First Financial Bank 2.1% $250M · 265 loans Readycap Lending, LLC 1.7% $205M · 452 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services25.3%$2.9B · 3,350 loansHealth care & social assistance11.8%$1.3B · 2,105 loansRetail trade11.0%$1.2B · 2,852 loansManufacturing8.9%$1.0B · 1,572 loansOther services8.6%$966M · 2,126 loansProfessional & technical services7.9%$889M · 2,023 loansConstruction7.1%$805M · 2,066 loansAgriculture, forestry & fishing4.3%$486M · 521 loansWholesale trade4.1%$458M · 763 loansArts, entertainment & recreation3.9%$444M · 794 loansReal estate & leasing3.8%$434M · 507 loansAdministrative & waste services3.2%$360M · 1,206 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$2.9B3,35023.8%$41M1.44%
Health care & social assistance$1.3B2,10511.1%$15M1.12%
Retail trade$1.2B2,85210.4%$26M2.12%
Manufacturing$1.0B1,5728.4%$15M1.46%
Other services$966M2,1268.1%$12M1.27%
Professional & technical services$889M2,0237.4%$14M1.56%
Construction$805M2,0666.7%$17M2.07%
Agriculture, forestry & fishing$486M5214.1%$452K0.09%
Wholesale trade$458M7633.8%$6M1.25%
Arts, entertainment & recreation$444M7943.7%$7M1.64%
Real estate & leasing$434M5073.6%$2M0.35%
Administrative & waste services$360M1,2063.0%$7M1.91%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Mecklenburg$2.0B3,515177
Wake$1.7B3,367181
Guilford$594M1,041125
New Hanover$459M84296
Buncombe$401M84296
Durham$400M71789
Forsyth$381M70286
Union$326M63189
Iredell$301M47788
Cumberland$295M48887

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any North Carolina institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 7 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in North Carolina

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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