Southern Pines, NC · Cert 15019 · First Bcorp
State charter, Fed member · FED · 114 branches
Q2 2026
Market Position · Pinehurst-Southern Pines, NC · 2026 SOD (annual) · 38.5% share · #1 of 11 inst. · $1.1B of $2.9B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.68% | 0.18% | 1.24% | 1.29% | 0.70% | 0.54% | 1.51% | 1.61% | +32 bps | |
| Return on Equity | 5.41% | 1.39% | 9.82% | 10.04% | 5.38% | 4.08% | 11.21% | 11.90% | +186 bps | |
| Net Interest Margin | 2.92% | 3.08% | 3.22% | 3.22% | 3.37% | 3.47% | 3.49% | 3.57% | +35 bps | |
| Efficiency Ratio | 59.42% | 54.86% | 52.89% | 51.41% | 49.83% | 47.76% | 48.09% | 48.15% | -327 bps | |
| Non-Interest Burden | 1.51% | 1.44% | 1.45% | 1.39% | 1.38% | 1.25% | 1.37% | 1.40% | +1 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.51% | 0.27% | 2.82% | 4.49% | 4.78% | 4.21% | 4.03% | 3.41% | -108 bps | |
| Loan Growth (YoY) | -0.15% | -0.64% | 0.31% | 1.95% | 4.98% | 7.77% | 8.59% | 9.31% | +736 bps | |
| Deposit Growth (YoY) | 2.88% | 5.17% | 4.29% | 3.27% | 3.47% | 1.90% | 2.39% | 2.30% | -97 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.43% | 0.39% | 0.36% | 0.42% | 0.44% | 0.42% | 0.47% | 0.49% | +7 bps | |
| Net Charge-Offs / Loans | 0.11% | 0.04% | 0.16% | 0.06% | 0.14% | 0.05% | 0.06% | 0.04% | -1 bps | |
| Allowance / Loans | 1.53% | 1.51% | 1.49% | 1.46% | 1.44% | 1.42% | 1.42% | 1.39% | -8 bps | |
| Allowance Coverage of NPLs | 3.6x | 3.9x | 4.1x | 3.5x | 3.2x | 3.4x | 3.0x | 2.8x | -0.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.34% | 11.19% | 11.45% | 11.25% | 11.20% | 11.08% | 11.36% | 11.50% | +25 bps | |
| Total Risk-Based Capital | 16.51% | 16.48% | 16.65% | 16.74% | 16.42% | 15.94% | 15.99% | 15.94% | -80 bps | |
| Equity / Assets | 12.78% | 12.52% | 12.74% | 12.93% | 13.15% | 13.49% | 13.45% | 13.62% | +68 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 76.16% | 76.73% | 75.28% | 75.88% | 77.27% | 81.15% | 79.84% | 81.08% | +520 bps | |
| Liquid Assets / Assets | 9.17% | 7.22% | 8.98% | 8.17% | 7.60% | 5.43% | 7.53% | 7.08% | -109 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 382% | 397% | 398% | n/a | n/a | |