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First Carolina Bank

Rocky Mount, NC · Cert 35530 · First Carolina Finl Services

State charter, non-member · FDIC · 9 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=176). 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

64

Q2 2024Q2 2026peer median (50)

Asset Quality

67

Q2 2024Q2 2026peer median (50)

Profitability

15

Q2 2024Q2 2026peer median (50)

Liquidity

56

Q2 2024Q2 2026peer median

Efficiency

9

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 2026-10-11

First Carolina Bank

Rocky Mount, NC · Cert 35530 · First Carolina Finl Services

State charter, non-member · FDIC · 9 branches

Q2 2026

$3.4BAssets
$2.7BLoans
$2.9BDeposits
$455.6MEquity
Loan mix
88%RE $2.4B12%C&I $0.3B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $2.3B21%Noninterest $0.6BQ2 2025Q2 2026

NIM

5.91%Q2 ’245.50%Q2 ’255.45%Q2 ’26-5%+4%

Non-interest income vs. expense

2.44%Q2 ’243.49%Q2 ’253.04%Q2 ’26-7%+4%

Market Position · Raleigh-Cary, NC · 2026 SOD (annual) · 1.3% share · #7 of 37 inst. · $1.4B of $110.3B

1.3% Wake
26.4% Nash
2.1% Virginia Beach (City)
0.7% New Hanover

Executive Summary

  • Earnings: ROA of 0.78%, up 5 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.81% of loans (-9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.36%, up 126 bps from a year ago.
  • Funding: loans stand at 95.55% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.78%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.20%+13 bps YoY

Efficiency Ratio (YTD, annualized)

74.60%-324 bps YoY

Tier 1 Leverage Ratio

11.36%+126 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.72%0.44%0.51%0.83%0.78%+5 bps
Return on Equity5.84%3.61%4.20%6.84%6.19%+35 bps
Net Interest Margin3.08%2.94%3.06%3.19%3.20%+13 bps
Efficiency Ratio77.85%79.78%79.55%74.75%74.60%-324 bps
Non-Interest Burden2.11%2.10%2.21%2.19%2.20%+9 bps
Growth
Asset Growth (YoY)13.51%13.95%9.15%5.87%0.57%-1,293 bps
Loan Growth (YoY)6.15%3.03%2.10%1.31%1.69%-446 bps
Deposit Growth (YoY)16.07%18.29%11.13%9.37%-2.57%-1,864 bps
Asset Quality
Nonperforming Loans / Loans0.90%0.83%0.81%0.83%0.81%-9 bps
Net Charge-Offs / Loans0.00%0.09%0.11%0.00%0.00%0 bps
Allowance / Loans0.81%0.87%0.79%0.79%0.80%0 bps
Allowance Coverage of NPLs0.9x1.1x1.0x0.9x1.0x+0.1x
Capital
Tier 1 Leverage Ratio10.10%9.23%9.68%10.04%11.36%+126 bps
Total Risk-Based Capital11.54%11.84%12.06%12.39%13.72%+218 bps
Equity / Assets11.98%11.29%12.22%12.08%13.38%+140 bps
Liquidity & Funding
Loans / Deposits91.55%87.59%94.54%90.35%95.55%+400 bps
Liquid Assets / Assets5.11%7.92%3.75%5.18%3.07%-204 bps
CRE / Total Capitaln/a646%615%598%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 2026-10-11

First Carolina Bank

Rocky Mount, NC · Cert 35530 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · First Carolina Finl Services

State charter, non-member · FDIC · 9 branches

Q2 2026

$3.4BAssets
$2.7BLoans
$2.9BDeposits
$455.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 94% of banks $1B-$10B in assets operating regionally (rank 11 of 176).
  • Widest gap: efficiency ratio trails 91% of banks $1B-$10B in assets operating regionally (rank 162 of 176).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.77%

Rank 149 of 176

Net Interest Margin

3.20%

Rank 139 of 176

Efficiency Ratio

76.66%

Rank 162 of 176

Equity / Assets

13.38%

Rank 19 of 176

Non-interest income vs. expense

$28.4M$103.2MINCOMEEXPENSE
Unfavorable gap of $74.9M · efficiency ratio beats 9% of banks $1B-$10B in assets operating regionally
Bank 76.66%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.77%0.93%1.26%1.54%Beats 15%149 / 176
Return on Equity5.77%9.26%11.89%14.46%Beats 9%161 / 176
Net Interest Margin3.20%3.25%3.59%3.93%Beats 21%139 / 176
Efficiency Ratio76.66%52.79%59.55%67.66%Beats 9%162 / 176
Asset Quality
Nonperforming Loans / Loans0.81%0.30%0.64%1.32%Beats 40%106 / 176
Net Charge-Offs / Loans0.00%0.01%0.04%0.10%Beats 94%11 / 176
Capital
Tier 1 Capital Ratio12.88%11.15%12.72%14.15%Beats 52%84 / 176
Total Risk-Based Capital Ratio13.72%11.81%13.63%15.33%Beats 52%84 / 176
Equity / Assets13.38%9.16%10.35%11.80%Beats 89%19 / 176
Liquidity & Funding
Loans / Deposits95.55%80.94%89.73%97.21%72nd pctl50 / 176
Loans / Assets80.52%69.25%75.12%80.82%73rd pctl47 / 176
Brokered Deposits / Depositsn/aNot reported for this institution