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First Bank

Southern Pines, NC · Cert 15019 · First Bcorp

State charter, Fed member · FED · 114 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

76

Q2 2024Q2 2026peer median (50)

Asset Quality

77

Q2 2024Q2 2026peer median (50)

Profitability

63

Q2 2024Q2 2026peer median (50)

Liquidity

82

Q2 2024Q2 2026peer median

Efficiency

77

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

First Bank

Southern Pines, NC · Cert 15019 · First Bcorp

State charter, Fed member · FED · 114 branches

Q2 2026

$13.0BAssets
$9.0BLoans
$11.1BDeposits
$1.8BEquity
Loan mix
91%RE $7.7B8%C&I $0.7B1%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $7.5B33%Noninterest $3.6BQ2 2025Q2 2026

NIM

4.24%Q2 ’244.24%Q2 ’254.44%Q2 ’26+11%+11%

Non-interest income vs. expense

2.00%Q2 ’241.89%Q2 ’251.93%Q2 ’26-4%-2%

Market Position · Pinehurst-Southern Pines, NC · 2026 SOD (annual) · 38.5% share · #1 of 11 inst. · $1.1B of $2.9B

38.5% Moore
11.2% Buncombe
5.5% Guilford
2.3% New Hanover

Executive Summary

  • Earnings: ROA of 1.56%, up 30 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.49% of loans (+7 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 11.50%, up 25 bps from a year ago.
  • Funding: loans stand at 81.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.56%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+34 bps YoY

Efficiency Ratio (YTD, annualized)

48.12%-401 bps YoY

Tier 1 Leverage Ratio

11.50%+25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.27%1.08%0.94%1.51%1.56%+30 bps
Return on Equity9.94%8.38%7.26%11.21%11.56%+162 bps
Net Interest Margin3.16%3.20%3.26%3.49%3.50%+34 bps
Efficiency Ratio52.13%51.32%50.34%48.09%48.12%-401 bps
Non-Interest Burden1.39%1.38%1.35%1.37%1.37%-2 bps
Growth
Asset Growth (YoY)4.49%4.78%4.21%4.03%3.41%-108 bps
Loan Growth (YoY)1.95%4.98%7.77%8.59%9.31%+736 bps
Deposit Growth (YoY)3.27%3.47%1.90%2.39%2.30%-97 bps
Asset Quality
Nonperforming Loans / Loans0.42%0.44%0.42%0.47%0.49%+7 bps
Net Charge-Offs / Loans0.11%0.12%0.10%0.06%0.05%-6 bps
Allowance / Loans1.46%1.44%1.42%1.42%1.39%-8 bps
Allowance Coverage of NPLs3.5x3.2x3.4x3.0x2.8x-0.7x
Capital
Tier 1 Leverage Ratio11.25%11.20%11.08%11.36%11.50%+25 bps
Total Risk-Based Capital16.74%16.42%15.94%15.99%15.94%-80 bps
Equity / Assets12.93%13.15%13.49%13.45%13.62%+68 bps
Liquidity & Funding
Loans / Deposits75.88%77.27%81.15%79.84%81.08%+520 bps
Liquid Assets / Assets8.17%7.60%5.43%7.53%7.08%-109 bps
CRE / Total Capitaln/a382%397%398%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

First Bank

Southern Pines, NC · Cert 15019 · Peer group: banks over $10B in assets (n=142-144) · First Bcorp

State charter, Fed member · FED · 114 branches

Q2 2026

$13.0BAssets
$9.0BLoans
$11.1BDeposits
$1.8BEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 83% of banks over $10B in assets (rank 25 of 144).
  • Widest gap: return on equity trails 50% of banks over $10B in assets (rank 72 of 144).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

1.54%

Rank 35 of 144

Net Interest Margin

3.50%

Rank 55 of 144

Efficiency Ratio

49.07%

Rank 34 of 144

Equity / Assets

13.62%

Rank 25 of 144

Non-interest income vs. expense

$72.7M$252.4MINCOMEEXPENSE
Unfavorable gap of $179.6M · efficiency ratio beats 77% of banks over $10B in assets
Bank 49.07%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.54%1.00%1.26%1.54%Beats 76%35 / 144
Return on Equity11.34%8.98%11.34%14.40%Beats 50%72 / 144
Net Interest Margin3.50%2.82%3.31%3.68%Beats 62%55 / 144
Efficiency Ratio49.07%49.42%56.02%62.41%Beats 77%34 / 144
Asset Quality
Nonperforming Loans / Loans0.49%0.48%0.73%1.07%Beats 73%39 / 142
Net Charge-Offs / Loans0.04%0.05%0.11%0.22%Beats 80%30 / 142
Capital
Tier 1 Capital Ratio14.69%12.07%12.98%14.92%Beats 72%41 / 144
Total Risk-Based Capital Ratio15.94%13.39%14.14%16.25%Beats 72%40 / 144
Equity / Assets13.62%9.69%11.39%12.96%Beats 83%25 / 144
Liquidity & Funding
Loans / Deposits81.08%75.72%84.92%91.56%36th pctl92 / 143
Loans / Assets69.07%59.83%69.07%74.80%50th pctl72 / 144
Brokered Deposits / Depositsn/aNot reported for this institution