First Bank Mortgage Rates, Fees & Info

Southern Pines, NC

LEI: 254900L67A0ZTJRS6614

Tax ID: 56-0132230

5 stars - out of 5 stars, based on 57 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    First Bank is a small bank specializing in Home Purchase and Refi loans. First Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Wilmington, Raleigh, Asheville, Charlotte, and Myrtle Beach among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.61% 11/26/22
    30 Year Conventional Purchase 6.61% 11/26/22
    30 Year Conventional Refi 6.73% 11/26/22
    30 Year Cash-out Refi 6.91% 11/26/22
    30 Year FHA Purchase 7.27% 11/26/22
    30 Year FHA Refi 6.61% 11/26/22
    30 Year VA Purchase 6.14% 11/26/22
    30 Year VA Refi 6.03% 11/26/22
    30 Year USDA Purchase 6.62% 11/26/22
    30 Year USDA Refi 6.32% 11/26/22
    15 Year Conventional Purchase 6.26% 11/26/22
    15 Year Conventional Refi 6.15% 11/26/22
    15 Year Cash-out Refi 6.15% 11/26/22
    15 Year VA Refi 5.81% 11/26/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    3,298

    Origination Dollar Volume (All Markets)

    $1,169,080,000

    Employee count

    1,207 Show all (16) awards

    Relative Rate

    First Bank's average 30 year fixed mortgage rate was 2.88%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.27%.

    Relative Fees (Closing Costs)

    First Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,708.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    WILMINGTON, NC (FHA|USDA|VA) 327 $179,045,000 $547,538 $4,080 3.36%
    RALEIGH-CARY, NC (FHA|USDA|VA) 244 $142,390,000 $583,566 $3,621 2.84%
    ASHEVILLE, NC (FHA|USDA|VA) 499 $136,995,000 $274,539 $4,594 3.10%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 236 $110,420,000 $467,881 $3,497 2.95%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 294 $108,850,000 $370,238 $4,531 3.31%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 251 $61,885,000 $246,554 $4,780 3.13%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 225 $54,625,000 $242,778 $4,279 3.07%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 67 $44,375,000 $662,313 $4,483 3.03%
    FAYETTEVILLE, NC (FHA|USDA|VA) 128 $37,740,000 $294,844 $4,098 3.09%
    FLORENCE, SC (FHA|USDA|VA) 44 $25,070,000 $569,773 $4,664 3.06%
    Outside of Metro Areas 136 $24,750,000 $181,985 $4,314 3.19%
    Morehead City, NC (FHA|USDA|VA) 54 $23,850,000 $441,667 $3,917 3.28%
    Kill Devil Hills, NC (FHA|USDA|VA) 26 $21,740,000 $836,154 $3,463 3.32%
    GREENVILLE, NC (FHA|USDA|VA) 34 $20,380,000 $599,412 $3,830 3.22%
    Washington, NC (FHA|USDA|VA) 88 $19,720,000 $224,091 $3,396 3.17%
    WINSTON-SALEM, NC (FHA|USDA|VA) 97 $19,715,000 $203,247 $4,255 3.14%
    JACKSONVILLE, NC (FHA|USDA|VA) 68 $18,090,000 $266,029 $3,992 3.73%
    BURLINGTON, NC (FHA|USDA|VA) 52 $17,550,000 $337,500 $4,482 2.93%
    Albemarle, NC (FHA|USDA|VA) 61 $13,935,000 $228,443 $5,868 3.23%
    Sanford, NC (FHA|USDA|VA) 63 $11,945,000 $189,603 $4,038 3.12%
    Lumberton, NC (FHA|USDA|VA) 55 $10,425,000 $189,545 $4,164 3.11%
    Marion, NC (FHA|USDA|VA) 46 $9,960,000 $216,522 $4,169 3.07%
    Brevard, NC (FHA|USDA|VA) 28 $8,480,000 $302,857 $4,145 3.07%
    Laurinburg, NC (FHA|USDA|VA) 42 $8,270,000 $196,905 $3,811 3.15%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 11 $6,035,000 $548,636 $4,640 2.93%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 16 $6,020,000 $376,250 $4,250 3.12%
    Rockingham, NC (FHA|USDA|VA) 37 $5,145,000 $139,054 $3,708 3.13%
    Boone, NC (FHA|USDA|VA) 5 $2,245,000 $449,000 $4,917 2.90%
    NEW BERN, NC (FHA|USDA|VA) 8 $1,910,000 $238,750 $4,176 3.12%
    Georgetown, SC (FHA|USDA|VA) 2 $1,870,000 $935,000 $3,983 2.56%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,770,000 $442,500 $4,205 3.03%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,725,000 $575,000 $5,220 3.17%
    Forest City, NC (FHA|USDA|VA) 6 $1,580,000 $263,333 $4,084 3.06%
    Elizabeth City, NC (FHA|USDA|VA) 6 $1,300,000 $216,667 $2,770 2.35%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $0 3.00%
    Seneca, SC (FHA|USDA|VA) 1 $1,115,000 $1,115,000 $3,622 3.13%
    GOLDSBORO, NC (FHA|USDA|VA) 9 $1,085,000 $120,556 $1,260 3.53%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $835,000 $278,333 $5,581 2.58%
    Wilson, NC (FHA|USDA|VA) 3 $795,000 $265,000 $4,840 2.83%
    ROCKY MOUNT, NC (FHA|USDA|VA) 4 $710,000 $177,500 $2,517 3.59%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $535,000 $535,000 $0 4.00%
    ROANOKE, VA (FHA|USDA|VA) 1 $535,000 $535,000 $3,897 3.63%
    SUMTER, SC (FHA|USDA|VA) 2 $530,000 $265,000 $0 3.38%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $410,000 $205,000 $2,694 2.69%
    Cullowhee, NC (FHA|USDA|VA) 2 $380,000 $190,000 $0 2.88%
    COLUMBIA, SC (FHA|USDA|VA) 2 $350,000 $175,000 $2,191 3.56%
    Bennettsville, SC (FHA|USDA|VA) 2 $330,000 $165,000 $8,289 3.75%
    Gaffney, SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,440 2.75%
    Kinston, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,937 3.38%
    First Bank's top markets include Wilmington, Raleigh, Asheville, Charlotte, and Myrtle Beach among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Piedmont Federal Savings Bank
    Similarity Rank: 975
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1225
    Telco Community Credit Union
    Similarity Rank: 1592
    EXCITE Credit Union
    Similarity Rank: 1694
    Champion Credit Union
    Similarity Rank: 1815
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1980
    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 2241
    Peoples Bank
    Similarity Rank: 2440
    Shea Mortgage Inc.
    Similarity Rank: 2774
    Countybank
    Similarity Rank: 2940

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,231 $997,215,000 $446,981 $4,194 3.12%
    HELOC 971 $146,595,000 $150,973 n/a 3.24%
    VA 57 $18,375,000 $322,368 $5,105 2.37%
    USDA 33 $5,505,000 $166,818 $5,203 2.35%
    FHA 6 $1,390,000 $231,667 $7,480 2.65%

    For 2021, First Bank's most frequently originated type of loan was Conventional, with 2,231 originations. Their 2nd most popular type was HELOC, with 971 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,294 $680,540,000 $525,920 $4,787 3.25%
    Refi 951 $290,895,000 $305,883 $3,568 2.98%
    Other 444 $70,350,000 $158,446 $3,651 3.23%
    Cash Out Refi 344 $91,980,000 $267,384 $3,786 2.92%
    Home Improvement 265 $35,315,000 $133,264 $3,573 3.26%

    For 2021, First Bank's most frequently cited loan purpose was Home Purchase, with 1,294 originations. The 2nd most popular reason was Refi, with 951 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 1,227 $203,735,000 $166,043 $3,396 3.07%
    30 Year 1,163 $326,275,000 $280,546 $3,708 2.88%
    30+ year 523 $256,225,000 $489,914 $5,954 3.37%
    Other 128 $168,700,000 $1,317,969 $4,670 3.70%
    5 Year 102 $85,840,000 $841,569 $0 4.10%
    10 Year 68 $105,570,000 $1,552,500 $3,427 3.34%
    20 Year 54 $14,050,000 $260,185 $3,326 2.77%
    1 Year 26 $5,520,000 $212,308 $0 6.41%
    3 Year 7 $3,165,000 $452,143 $0 4.00%

    For 2021, First Bank's most frequently cited loan duration was 15 Year, with 1,227 originations. The 2nd most popular length was 30 Year, with 1,163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 772 $213,730,000 $276,852
    $1k-2k 541 $143,485,000 $265,222
    $2k-3k 324 $135,340,000 $417,716
    $3k-4k 165 $54,575,000 $330,758
    $5k+ 120 $65,880,000 $549,000
    $4k-5k 115 $52,405,000 $455,696

    First Bank's average total fees were $3,708, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 772 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,857 $698,815,000 $376,314
    2.5-3% 760 $335,410,000 $441,329
    <2.5% 500 $100,990,000 $201,980
    4-5% 153 $30,215,000 $197,484
    7-8% 18 $2,490,000 $138,333
    5-6% 10 $1,160,000 $116,000

    During 2021, First Bank's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was 3-4%, with 1,857 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,048 $298,920,000 $285,229 $4,304 3.07%
    $100k-200k 945 $136,715,000 $144,672 $3,017 3.08%
    $100,000 or less 580 $36,230,000 $62,466 $2,505 3.26%
    $400k-600k 462 $221,600,000 $479,654 $5,224 3.15%
    $600k-1MM 177 $132,015,000 $745,847 $6,796 3.30%
    $1MM+ 86 $343,600,000 $3,995,349 $6,494 3.24%

    2021 saw First Bank place emphasis on $200k-400k loans with 1,048 originations, totaling $298,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 683 $179,415,000 $262,687 $4,568 3.11%
    $150k-250k 558 $192,770,000 $345,466 $5,007 3.17%
    $50k-75k 526 $96,230,000 $182,947 $3,980 3.08%
    $75k-100k 430 $92,430,000 $214,953 $4,126 3.08%
    $50k or less 404 $51,310,000 $127,005 $2,700 2.88%
    $250k+ 384 $195,120,000 $508,125 $5,264 3.05%

    First Bank lent most frequently to those with incomes in the $100k-150k range, with 683 originations. The second most popular income band? $150k-250k, with 558 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 873 $223,875,000 $256,443 $4,053 3.04%
    30-36% 555 $144,655,000 $260,640 $4,254 3.03%
    <20% 461 $112,065,000 $243,091 $3,895 3.03%
    39% 159 $38,735,000 $243,616 $4,863 3.16%
    40% 159 $34,995,000 $220,094 $4,383 3.21%
    37% 108 $29,790,000 $275,833 $4,116 3.14%
    36% 106 $32,150,000 $303,302 $4,867 3.08%
    38% 94 $28,850,000 $306,915 $4,441 3.11%
    41% 78 $26,830,000 $343,974 $4,172 3.04%
    42% 76 $28,820,000 $379,211 $4,896 3.15%
    44% 75 $23,485,000 $313,133 $4,323 3.03%
    43% 61 $19,445,000 $318,770 $4,342 3.03%
    49% 56 $18,160,000 $324,286 $4,391 3.09%
    46% 48 $16,060,000 $334,583 $4,627 3.17%
    48% 45 $14,785,000 $328,556 $4,558 2.97%
    45% 44 $14,920,000 $339,091 $4,462 3.03%
    47% 41 $12,685,000 $309,390 $4,553 3.04%
    50-60% 4 $750,000 $187,500 $0 3.66%
    >60% 2 $530,000 $265,000 $0 4.37%

    First Bank lent most frequently to those with DTI ratios of 20-30%, with 873 originations. The next most common DTI ratio? 30-36%, with 555 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,732 $748,990,000 $274,154 $4,364 3.10%
    Not applicable 211 $334,415,000 $1,584,905 $0 4.11%
    Not provided 159 $47,445,000 $298,396 $4,333 3.05%
    Black 115 $17,565,000 $152,739 $1,957 2.55%
    Asian 32 $8,430,000 $263,438 $3,828 2.89%
    American Indian 32 $7,910,000 $247,188 $4,324 3.03%
    Asian Indian 7 $2,095,000 $299,286 $2,840 3.04%
    Other Asian 1 $805,000 $805,000 $4,760 3.38%
    Korean 2 $470,000 $235,000 $0 3.25%
    Vietnamese 4 $420,000 $105,000 $0 3.25%
    Chinese 1 $325,000 $325,000 $6,271 2.63%
    Japanese 1 $185,000 $185,000 $0 3.25%
    Other Pacific Islander 1 $25,000 $25,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    87.93%

    First Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.48%

    First Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,298 $1,169,080,000 $354,482

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,298 $1,169,080,000 $354,482

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 550 $116,230,000 $211,327 $3,441 3.10%
    40-60% 647 $278,715,000 $430,781 $3,491 3.01%
    60-80% 1,166 $514,440,000 $441,201 $4,353 3.21%
    80-100% 637 $232,855,000 $365,549 $4,815 3.13%
    Over 100% 6 $2,060,000 $343,333 $13,099 2.85%
    Under 20% 291 $23,775,000 $81,701 $3,260 3.20%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 5.9%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 2.9%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 6 17.6%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 10 29.4%
    FIRST HORIZON BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    FIRST HORIZON BANK FHA mortgage Closing on a mortgage 1 2.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Bank 10 Chinquapin Rd Pinehurst, NC 28374 Full Service B&M $75,233
    First Bank 101 West Main Street Dillon, SC 29536 Full Service B&M $47,946
    First Bank 1012 Patton Avenue Asheville, NC 28806 Full Service B&M $103,840
    First Bank 102 East Fifth Street Tabor City, NC 28463 Full Service B&M $34,698
    First Bank 104 National Drive Biscoe, NC 27209 Full Service B&M $40,972
    First Bank 1040 Albemarle Road Troy, NC 27371 Full Service B&M $135,352
    First Bank 105 North Main Street Mars Hill, NC 28754 Full Service B&M $52,473
    First Bank 105 S. Sandhill Boulevard Aberdeen, NC 28315 Full Service B&M $47,471
    First Bank 108 N. Middleton St. Robbins, NC 27325 Full Service B&M $48,611
    First Bank 108 Tobacco Drive Wallace, NC 28466 Full Service B&M $77,239
    First Bank 109 Monroe Street Carthage, NC 28327 Full Service B&M $46,614
    First Bank 109 Penny Road High Point, NC 27260 Limited, Drive-thru $0
    First Bank 11 Church Street Asheville, NC 28801 Full Service B&M $248,362
    First Bank 1104 North J K Powell Boulevard Whiteville, NC 28472 Full Service B&M $57,013
    First Bank 162 North Main Street Marion, NC 28752 Full Service B&M $87,226
    First Bank 1701 Eastwood Road Wilmington, NC 28403 Full Service B&M $162,323
    First Bank 17948 Hwy 109 South Denton, NC 27239 Full Service B&M $120,210
    First Bank 18 Chatham Corners Drive Pittsboro, NC 27312 Full Service B&M $62,008
    First Bank 1830 N. Broad Street Fuquay Varina, NC 27526 Full Service B&M $47,750
    First Bank 1879 Hendersonville Road Asheville, NC 28803 Full Service B&M $91,584
    First Bank 1910 East Main Street Albemarle, NC 28001 Full Service B&M $40,034
    First Bank 2 Market Street Brevard, NC 28712 Full Service B&M $33,138
    First Bank 2007 S. Croatan Hwy Kill Devil Hills, NC 27948 Full Service B&M $53,008
    First Bank 201 Kennedy Road Thomasville, NC 27360 Full Service B&M $74,703
    First Bank 201 Market Street Wilmington, NC 28401 Full Service B&M $89,942
    First Bank 205 S.E. Broad Street Southern Pines, NC 28387 Full Service B&M $360,602
    First Bank 205 South Main Street Kenansville, NC 28349 Full Service B&M $85,653
    First Bank 301 West Broad Street St. Pauls, NC 28384 Full Service B&M $39,675
    First Bank 315 N. Academy Street Cary, NC 27513 Full Service B&M $20,524
    First Bank 3210 Ray Road Spring Lake, NC 28390 Full Service B&M $23,409
    First Bank 3214 S. Church St. Burlington, NC 27215 Full Service B&M $78,258
    First Bank 335 S. Fayetteville Street Asheboro, NC 27203 Full Service B&M $168,445
    First Bank 3364 Harmony Highway Harmony, NC 28634 Full Service B&M $29,671
    First Bank 347 North Main Street Mooresville, NC 28115 Full Service B&M $63,693
    First Bank 347 Whiteville Road, Nw Shallotte, NC 28470 Full Service B&M $87,495
    First Bank 3551 Hendersonville Road Fletcher, NC 28732 Full Service B&M $32,911
    First Bank 3605 Oleander Drive Wilmington, NC 28403 Full Service B&M $26,960
    First Bank 3620 Six Forks Road Raleigh, NC 27609 Full Service B&M $85,023
    First Bank 3948 Chatham Street Bennett, NC 27208 Full Service B&M $19,225
    First Bank 401 Gilead Road Huntersville, NC 28078 Full Service B&M $19,273
    First Bank 5 Olde Eastwood Village Blvd Asheville, NC 28803 Full Service B&M $56,418
    First Bank 5002 Peters Creek Parkway Winston Salem, NC 27127 Full Service B&M $16,005
    First Bank 5102 South College Road Wilmington, NC 28412 Full Service B&M $100,144
    First Bank 5210 Southport-Supply Rd Southport, NC 28461 Full Service B&M $42,206
    First Bank 5610 University Parkway Winston Salem, NC 27105 Full Service B&M $13,359
    First Bank 601 North Main Street Hendersonville, NC 28792 Full Service B&M $83,707
    First Bank 601 South Main Street Laurinburg, NC 28352 Full Service B&M $136,251
    First Bank 6303 Beach Drive Southwest Ocean Isle Beach, NC 28469 Full Service B&M $86,934
    First Bank 639 West 15th Street Washington, NC 27889 Full Service B&M $108,341
    First Bank 770 W Main St Belhaven, NC 27810 Full Service B&M $26,556
    First Bank 778 Merrimon Ave Asheville, NC 28804 Full Service B&M $91,244
    First Bank 8252 Highway 49 North Mount Pleasant, NC 28124 Full Service B&M $37,323
    First Bank 114 West Main Street Locust, NC 28097 Full Service B&M $47,536
    First Bank 11410 N Main Street Archdale, NC 27263 Full Service B&M $21,695
    First Bank 1200 North Main Street High Point, NC 27262 Full Service B&M $48,757
    First Bank 1201 East Arlington Blvd Greenville, NC 27858 Full Service B&M $59,578
    First Bank 121 West Main Street Seagrove, NC 27341 Full Service B&M $54,042
    First Bank 1254 E. Broad Avenue Rockingham, NC 28379 Full Service B&M $90,049
    First Bank 1333 Plaza Boulevard Sanford, NC 27330 Full Service B&M $170,859
    First Bank 135 Highway 49 North Richfield, NC 28137 Full Service B&M $46,667
    First Bank 137 Highway 24 Morehead City, NC 28557 Full Service B&M $78,114
    First Bank 1503 Live Oak Street Beaufort, NC 28516 Full Service B&M $25,988
    First Bank 1525 Jake Alexander Boulevard South Salisbury, NC 28146 Full Service B&M $98,288
    First Bank 1554 North Peace Haven Road Winston Salem, NC 27104 Full Service B&M $37,600
    First Bank 1601 Highwoods Boulevard Greensboro, NC 27410 Full Service B&M $63,196
    First Bank 206 East Monroe Street Dillon, SC 29536 Limited, Drive-thru $3,609
    First Bank 210 West 3rd Street Pembroke, NC 28372 Full Service B&M $75,225
    First Bank 2170 West Evans Street Florence, SC 29501 Full Service B&M $73,008
    First Bank 229 North Main Street Broadway, NC 27505 Full Service B&M $39,318
    First Bank 2317 Highway 52 North Albemarle, NC 28001 Full Service B&M $39,377
    First Bank 232 W. Broad Street Elizabethtown, NC 28337 Full Service B&M $65,375
    First Bank 2604 Lawndale Drive Greensboro, NC 27408 Full Service B&M $151,380
    First Bank 2630 South Horner Blvd Sanford, NC 27332 Full Service B&M $58,567
    First Bank 2801 North Elm Street Lumberton, NC 28358 Full Service B&M $125,263
    First Bank 2939 Village Drive Fayetteville, NC 28305 Full Service B&M $54,288
    First Bank 300 Sw Broad Street Southern Pines, NC 28387 Limited, Administrative $0
    First Bank 300 W State Street Black Mountain, NC 28711 Full Service B&M $81,183
    First Bank 301 South Main Street Fairmont, NC 28340 Full Service B&M $39,427
    First Bank 401 Knollwood Street Winston Salem, NC 27103 Full Service B&M $28,341
    First Bank 4010 Brian Jordan Place High Point, NC 27265 Full Service B&M $44,905
    First Bank 402 East Williams Street Apex, NC 27502 Full Service B&M $60,492
    First Bank 402 S. Second Avenue Mayodan, NC 27027 Full Service B&M $35,404
    First Bank 405 S. Sycamore Street Rose Hill, NC 28458 Full Service B&M $55,408
    First Bank 4110 Western Boulevard Jacksonville, NC 28546 Full Service B&M $123,995
    First Bank 415 North Raleigh Street Angier, NC 27501 Full Service B&M $42,282
    First Bank 4201 Congress St, Ste 100 Charlotte, NC 28209 Full Service B&M $74,976
    First Bank 421 South Main Street Kannapolis, NC 28081 Full Service B&M $39,046
    First Bank 4295 Nc Hwy 211 West End, NC 27376 Full Service B&M $83,296
    First Bank 452 Second Loop Rd Florence, SC 29505 Full Service B&M $21,164
    First Bank 46 Pinecrest Plaza Southern Pines, NC 28387 Full Service B&M $81,742
    First Bank 5 Blake Blvd Pinehurst, NC 28374 Full Service B&M $49,577
    First Bank 827 New Bridge Street Jacksonville, NC 28540 Full Service B&M $50,977
    First Bank 8286 Market Street Wilmington, NC 28411 Full Service B&M $47,444
    First Bank 901 Chesterfield Highway Cheraw, SC 29520 Full Service B&M $60,376
    First Bank 907 Smoky Park Highway Candler, NC 28715 Full Service B&M $64,437
    First Bank 10 South Tunnel Road Asheville, NC 28805 Full Service B&M $61,668
    First Bank 10 Waterford Business Center Way Belville, NC 28451 Full Service B&M $132,563
    First Bank 100 Bank Street Vass, NC 28394 Full Service B&M $51,147
    First Bank 100 East Leitner Street Latta, SC 29565 Full Service B&M $36,951
    First Bank 100 Waters Dr Southern Pines, NC 28387 Limited, Drive-thru $30,865
    First Bank 1000 S. Main St Lillington, NC 27546 Full Service B&M $107,744
    First Bank 101 North Spring Street Greensboro, NC 27401 Full Service B&M $333,506

    For 2021, First Bank had 102 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $255,894
    Net interest income $247,827
    Total noninterest income $80,450
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $12,317
    Trading account gains and fees $0
    Additional Noninterest Income $68,133
    Pre-tax net operating income $128,331
    Securities gains (or losses, -) $-1,237
    Income before extraordinary items $100,996
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $100,996
    Minority interest net income $0
    Net income $100,996
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $101,973

    First Bank's gross interest income from loans was $255,894,000.
    First Bank's net interest income from loans was $247,827,000.
    First Bank's fee based income from loans was $12,317,000.
    First Bank's net income from loans was $100,996,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,067
    Provision for credit losses $15,031
    Total noninterest expense $184,915
    Salaries and employee benefits $103,249
    Premises and equipment expense $15,607
    Additional noninterest expense $66,059
    Applicable income taxes $26,098
    Net charge-offs $2,680
    Cash dividends $25,300

    First Bank's interest expense for loans was $8,067,000.
    First Bank's payroll and benefits expense were $103,249,000.
    First Bank's property, plant and equipment expenses $15,607,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $9,150,126
    Deposits held in domestic offices $9,150,126
    Deposits by Individuals, partnerships, and corporations $8,298,044
    Deposits by U.S. Government $6,757
    Deposits by States and political subdivisions in the U.S. $844,885
    Deposits by Commercial banks and other depository institutions in U.S. $440
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $370,929
    Demand deposits $212,563
    Nontransaction accounts $8,779,197
    Money market deposit accounts (MMDAs) $2,563,309
    Other savings deposits (excluding MMDAs) $5,303,450
    Total time deposits $912,439
    Total time and savings deposits $8,937,563
    Noninterest-bearing deposits $3,374,115
    Interest-bearing deposits $5,776,010
    Retail deposits $8,786,607
    IRAs and Keogh plan accounts $120,184
    Brokered deposits $7,415
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $10,516,825
    Cash & Balances due from depository institutions $467,677
    Interest-bearing balances $305,829
    Total securities $3,144,239
    Federal funds sold & reverse repurchase $0
    Net loans and leases $6,083,186
    Loan and leases loss allowance $78,789
    Trading account assets $0
    Bank premises and fixed assets $156,804
    Other real estate owned $3,071
    Goodwill and other intangibles $385,048
    All other assets $276,800

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $10,516,825
    Total Liabilities $9,237,540
    Total deposits $9,150,126
    Interest-bearing deposits $5,776,010
    Deposits held in domestic offices $9,150,126
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,975
    Subordinated debt $0
    All other liabilities $85,439

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,083,186
    Loan and leases loss allowance $78,789
    Total loans and leases (domestic) $6,161,975
    All real estate loans $5,455,515
    Real estate loans in domestic offices $5,455,515
    Construction and development loans $838,525
    Residential 1-4 family construction $270,380
    Other construction, all land development and other land $568,145
    Loans secured by nonfarm nonresidential properties $2,777,723
    Nonfarm nonresidential secured by owner-occupied properties $991,775
    Commercial real estate & other non-farm, non-residential $1,785,948
    Multifamily residential real estate $389,113
    1-4 family residential loans $1,393,749
    Farmland loans $56,405
    Loans held in foreign offices $0
    Farm loans $14,080
    Commercial and industrial loans $418,281
    To non-U.S. addressees $0
    Loans to individuals $56,973
    Credit card loans $17,426
    Related Plans $10,723
    Consumer Auto Loans $8,225
    Other loans to individuals $20,599
    All other loans & leases $217,126
    Loans to foreign governments and official institutions $0
    Other loans $15,464
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $12,672
    Non 1-4 family restructured loans & leases $7,233
    Total loans and leases (foreign) $0

    First Bank had $6,083,186,000 of loans outstanding in 2021. $5,455,515,000 of loans were in real estate loans. $838,525,000 of loans were in development loans. $389,113,000 of loans were in multifamily mortgage loans. $1,393,749,000 of loans were in 1-4 family mortgage loans. $14,080,000 of loans were in farm loans. $17,426,000 of loans were in credit card loans. $8,225,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 3,179 $788,281 $247,965
    Nonfarm, nonresidential loans - <$100k 436 $17,972 $41,220
    Nonfarm, nonresidential loans - $100-250k 1,015 $127,565 $125,680
    Nonfarm, nonresidential loans - $250k-1MM 1,728 $642,744 $371,958
    Commercial & Industrial, US addressed loans - <$1MM 4,256 $254,962 $59,906
    Commercial & Industrial, US addressed loans - <$100k 2,810 $59,058 $21,017
    Commercial & Industrial, US addressed loans - $100-250k 736 $64,664 $87,859
    Commercial & Industrial, US addressed loans - $250k-1MM 710 $131,240 $184,845
    Farmland loans - <$1MM 181 $20,981 $115,917
    Farmland loans - <$100k 65 $2,365 $36,385
    Farmland loans - $100-250k 66 $7,442 $112,758
    Farmland loans - $250k-1MM 50 $11,174 $223,480
    Agriculture operations loans - <$1MM 63 $3,658 $58,063
    Agriculture operations loans - <$100k 39 $870 $22,308
    Agriculture operations loans - $100-250k 14 $930 $66,429
    Agriculture operations loans - $250k-1MM 10 $1,858 $185,800