Vitals
  • Total Assets
    3.6B 7.5 %
  • Total Deposits
    3.0B 4.9 %
  • Total Net Loans
    2.7B 7.8 %
  • Net Income
    29.5M 1.2 %
  • Book Value
    410.3M 6.6 %
  • Book Value x2
    820.5M 6.6 %
  • Book Value x3
    1.2B 6.6 %
ROAA

.863

ROAE

7.385

Efficiency Ratio

69.111

Net Interest Margin

4.041

Balance Sheet Highlights
Financial Highlights First Bank All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets 3,613,858 1,412,230
Total Net Loans 2,689,592 1,020,122
Total Deposits 2,952,545 1,134,979
Total Equity 410,261 173,608
Profitability
Net Income 29,517 10,887
Return on Average Assets .863 .777
Return on Average Equity 7.385 6.782
Net Interest Margin 4.041 3.73
Efficiency Ratio 69.111 75.532
Noninterest Income/Revenue 16.288 18.66
Balance Sheet Ratios
Loan-to-Deposit 91.094 86.082
Securities/Assets .091 .132
Total Equity/Total Assets .114 .123
Tangible Equity/Tangible Assets .092 .104
Capital Adequacy
Tier 1 Common Capital 350,578 139,754
Tier 1 Capital 350,578 140,214
Tier 2 Capital 24,484 8,389
Total Capital 375,062 148,590
Total Risk Weighted Assets 2,826,544 1,125,721
Leverage Ratio 10.1 10.209
Common Equity Tier 1 Capital Ratio 12.4 13.055
Tier 1 Capital Ratio 12.4 13.195
Total Capital Ratio 13.27 14.232

Timeline for First Bank

The Bank Of Asheville

Acquisition: First Bank acquired a new subsidiary, The Bank Of Asheville, 13 years

View Profile Jan 22 2011

First Troy Spe, Llc

First Troy Spe, Llc became a new subsidiary organization for First Bank.

View Profile Nov 13 2009

Cooperative Bank

Acquisition: First Bank acquired a new subsidiary, Cooperative Bank, 14 years

View Profile Jun 20 2009

Lumina Mortgage Company, Inc.

Lumina Mortgage Company, Inc. became a new subsidiary organization for First Bank.

View Profile Jun 20 2009

Sentry Bank & Trust

Acquisition: First Bank acquired a new subsidiary, Sentry Bank & Trust, 16 years

View Profile May 17 2008

Want to see more?

Complete timeline for First Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
The Bank Of Asheville Seller 204,925 Failure 1/22/2011
Cooperative Bank Seller 966,778 Failure 6/20/2009
Sentry Bank & Trust Seller 213,004 Acquisition Discontinued 5/17/2008
Carolina Community Bank, National Association Seller 74,468 Acquisition Discontinued 5/17/2003
Home Savings, Ssb Seller 105,242 Acquisition Discontinued 9/15/2001
First Savings Bank Of Moore County, Inc., Ssb Seller 309,156 Pooling of Interests Discontinued 11/18/2000
Central State Bank Seller 36,531 Discontinued 8/26/1994
The Bank Of Candor Seller 8,520 Discontinued 7/11/1987
Relationships Role Relationship Start Relationship End
First Bancorp Parent 4/9/1984
First Bank Insurance Services, Inc. Subsidary 6/30/2007
First Troy Spe, Llc Subsidary 11/13/2009
Lumina Mortgage Company, Inc. Subsidary 6/20/2009 1/5/2010
First Bank Insurance Services, Inc. Subsidary 8/26/1994 6/29/2007
First Montgomery Financial Corp Subsidary 11/2/2001 12/31/2006
First Troy Realty Corporation Subsidary 5/12/1999 11/1/2001
Similar Organizations
Organization City State Total Assets
Lake Forest Bank And Trust Company
 		Lake Forest IL 3.4B
Cobiz Bank
 		Denver CO 3.4B
Pacific Premier Bank
 		Irvine CA 3.8B
Xenith Bank
 		Richmond VA 3.3B
Peapack-Gladstone Bank
 		Gladstone NJ 3.8B
Brookline Bank
 		Brookline MA 3.9B
Peoples Bank
 		Marietta OH 3.4B
The Bryn Mawr Trust Company
 		Bryn Mawr PA 3.2B
Guaranty Bank And Trust Company
 		Denver CO 3.3B
Origin Bank
 		Choudrant LA 3.9B