First Bank in Troy, North Carolina (NC), SC, VA
Overview, Financial Summary, Detailed Financial Reports, Branches


First Bank - Overview

  • General
  • FDIC Certificate #: 15019
    Status: Active
    Federal Reserve ID: 216922
    Bank Holding Company (Regulatory Top Holder): First Bancorp (RSSDID: 1076431, Location: Troy, NC)
    Date Established: January 01, 1934
    WWW: http://www.firstbancorp.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 98 (Domestic: 98, Interstate: Yes)
    OTS Docket #: 14337
    FDIC's unique #: 9417
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 08, 1935
    Last Structure Change Effective Date: January 21, 2011
    Last Structure Change Process Date: January 25, 2011
    Last Data Update: January 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 341 North Main Street, Troy, NC 27371
    County: Montgomery
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $3,289.4 mil
    Equity capital: $388.5 mil
    Deposits held in domestic offices: $2,759.1 mil
    Return on assets (ROA): 0.46% ($15.1 mil)
    Quarterly return on assets: 0.18% ($5.9 mil)
    Return on Equity (ROE): 3.97% ($15.4 mil)
    Quarterly return on equity: 1.48% ($5.8 mil)
    Net income: $15.4 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 0.71% ($23,355.0 mil)
    Quarterly Pretax return on assets: 0.24% ($7,894.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 830Total employees (full-time equivalent)
  • $3,289,441Total assets
  • $214,969Cash and due from depository institutions
  • $135,218Interest-bearing balances
  • $229,645Securities
  • $1,498Federal funds sold & reverse repurchase agreements
  • $2,395,809Net loans & leases
  • $41,418Loan loss allowance
  • $0Trading account assets
  • $69,814Bank premises and fixed assets
  • $122,295Other real estate owned
  • $69,732Goodwill and other intangibles
  • $3,289,441Life insurance assets
  • $185,679All other assets
  • $2,900,913Total liabilities and capital
  • $2,759,122Total liabilities
  • $2,419,229Total deposits
  • $2,759,122Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 17105.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $87,531Trading liabilities
  • $0Other borrowed funds
  • $37,155Subordinated debt
  • $388,528All other liabilities
  • $388,528Total equity capital
  • $388,528Total bank equity capital
  • $0Perpetual preferred stock
  • $5,670Common stock
  • $193,842Surplus
  • $189,016Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,090Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $115,038Income earned, not collected on loans
  • $0Earning assets
  • $11,779Long-term assets (5+ years)
  • $2,762,170Average Assets, year-to-date
  • $571,856Average Assets, quarterly
  • $3,320,714Volatile liabilities
  • $3,295,484Insider loans
  • $2,127,247FHLB advances
  • $3,220,783Loans and leases held for sale
  • $2,207Unused loan commitments
  • $2,207Tier 1 (core) risk-based capital
  • $327,461Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $317,595Restructured Loans and leases
  • $10,264Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $155,767Total interest income
  • $22,524Total interest expense
  • $133,243Net interest income
  • $41,301Provision for loan and lease losses
  • $26,801Total noninterest income
  • $4Fiduciary activities
  • $11,981Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,816Additional noninterest income
  • $95,164Total noninterest expense
  • $51,438Salaries and employee benefits
  • $10,738Premises and equipment expense
  • $32,988Additional noninterest expense
  • $23,579Pre-tax net operating income
  • $79Securities gains (losses)
  • $8,296Applicable income taxes
  • $15,362Income before extraordinary items
  • $0Extraordinary gains - net
  • $15,362Net income attributable to bank
  • $0Net charge-offs
  • $15,362Cash dividends
  • $49,313Sale, conversion, retirement of capital stock, net
  • $9,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.77%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 3.97%Return on equity (ROE)
  • 1.51%Retained earnings to average equity (YTD only)
  • 2.01%Net charge-offs to loans
  • 83.75%Credit loss provision to net charge-offs
  • 1.32%Efficiency ratio
  • 58,898Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.84%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 36.00%Noncurrent assets plus other real estate owned to assets
  • 7.21%Noncurrent loans to loans
  • 4.72%Net loans and leases to deposits
  • 86.83%Net loans and leases to core deposits
  • 100.47%Equity capital to assets
  • 11.81%Core capital (leverage) ratio
  • 10.17%Tier 1 risk-based capital ratio
  • 15.39%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $3,320,714Average earning assets
  • $387,135Average equity
  • $2,793,923Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $102Managed Assets
  • 1Number of Accounts
  • $102Personal trust and agency accounts
  • $102Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 83 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09417First Bank341 North Main Street, Troy, NC 27371January 01, 1934Full Service Brick and Mortar
    2232754First Bank Robbins BranchNorth Middleton And Elm Streets, Robbins, NC 27325November 04, 1969Full Service Brick and Mortar
    3232755First Bank Denton BranchSalisbury And Anderson Streets, Denton, NC 27239September 02, 1971Full Service Brick and Mortar
    4232756First Bank Biscoe BranchU. S. Highway 220 And Pine Street, Biscoe, NC 27209October 24, 1972Full Service Brick and Mortar
    5232757First Bank Operations BranchCountry Club Road And Leslie Street, Troy, NC 27371January 25, 1973Full Service Brick and Mortar
    7232759First Bank Seven Lakes BranchNorth Carolina Highway 211, West End, NC 27376September 20, 1978Full Service Brick and Mortar
    8232760First Bank Pinehurst Branch560 Highway 5 South, Pinehurst, NC 28374April 13, 1982Full Service Brick and Mortar
    9232761First Bank Bennett BranchChatham And Carthage Streets, Bennett, NC 27208November 08, 1982Full Service Brick and Mortar
    10221393First Bank Locust Branch114 West Main Street, Locust, NC 28097September 10, 1960Full Service Brick and Mortar
    11232762First Bank Pinebluff Branch140 North Walnut Street, Pinebluff, NC 28373May 21, 1984
    12291626First Bank Highway 52 North Branch2317 North First Street, Albemarle, NC 28001December 17, 1973Full Service Brick and Mortar
    13291627First Bank Eastgate Shpg Ctr Branch1935 East Main Street, Albemarle, NC 28001March 16, 1981Full Service Brick and Mortar
    15232764Montgomery Square BranchHighway 24/27, Troy, NC 27371June 23, 1986Full Service Brick and Mortar
    17232766Richfield Branch135 Highway 49 North, Richfield, NC 28137March 03, 1986Full Service Brick and Mortar
    19232768Kannapolis Branch421 South Main Street, Kannapolis, NC 28081March 10, 1986Full Service Brick and Mortar
    205702Candor BranchSouth Main Street, Candor, NC 27229March 11, 1912Full Service Brick and Mortar
    21232769Vass Branch200 Seaboard Street, Vass, NC 28394July 31, 1987Full Service Brick and Mortar
    23232771Laurel Hill Branch200 Morgan Street, Laurel Hill, NC 28351March 05, 1988Full Service Brick and Mortar
    25205484Main Asheboro Branch176 North Fayetteville Street, Asheboro, NC 27203March 06, 1972Full Service Brick and Mortar
    27232774Aberdeen Branch105 Sandhill Boulevard, Aberdeen, NC 28315June 03, 1991Full Service Brick and Mortar
    286304High Point Branch1200 North Main Street, High Point, NC 27262March 18, 1926Full Service Brick and Mortar
    29221407Archdale Branch10901 N Main Street, Archdale, NC 27263June 04, 1979Full Service Brick and Mortar
    34258248Rockingham BranchHighway 74 East, Rockingham, NC 28379November 15, 1986Full Service Brick and Mortar
    36232778Seagrove Branch121 West Main Street, Seagrove, NC 27341December 02, 1996Full Service Brick and Mortar
    37232779Lillington Branch1000 Main Street, Lillington, NC 27546March 12, 1997Full Service Brick and Mortar
    38232780Sanford Branch1333 Plaza Boulevard, Sanford, NC 27330April 14, 1997Full Service Brick and Mortar
    39232781Polkton BranchU.S. Highway 74 And Old Highway 74, Polkton, NC 28135December 29, 1997Full Service Brick and Mortar
    40232782Sanford South Horner Branch2630 South Horner Blvd, Sanford, NC 27330June 15, 1998Full Service Brick and Mortar
    42232784North Asheboro Branch1724 North Fayetteville Street, Asheboro, NC 27203August 17, 1998Full Service Brick and Mortar
    43232785Maxton Branch133 West Central Street, Maxton, NC 28364November 23, 1998Full Service Brick and Mortar
    44232786Angier Branch415 North Raleigh Street, Angier, NC 27501March 25, 1999Full Service Brick and Mortar
    46357332Pittsboro Branch18 Chatham Corner, Pittsboro, NC 27312March 28, 2000Full Service Brick and Mortar
    47357333Salisbury Branch1525 Jake Alexander Boulevard South, Salisbury, NC 28147April 17, 2000Full Service Brick and Mortar
    48357541Anderson Creek Branch3210 Ray Road, Spring Lake, NC 28390July 17, 2000Full Service Brick and Mortar
    4940908First Bank Southern Pines Brch205 Southeast Broad Street, Southern Pines, NC 28387January 01, 1922Full Service Brick and Mortar
    50264869Pinehurst-Village BranchChinquapin Rd, Pinehurst, NC 28374January 01, 1922Full Service Brick and Mortar
    52264871Pinecrest Plaza Branch46 Pinecrest Plaza, Southern Pines, NC 28387January 01, 1922Full Service Brick and Mortar
    54264873Belle Meade Branch100 Waters Dr, Southern Pines, NC 28387June 22, 1999Full Service Brick and Mortar
    55204802Lumberton North Elm Branch2801 North Elm Street, Lumberton, NC 28358August 01, 1963Full Service Brick and Mortar
    56204806Pembroke Branch210 West 3rd Street, Pembroke, NC 28372March 01, 1939Full Service Brick and Mortar
    57204814St. Pauls Branch301 West Broad Street, St. Pauls, NC 28384July 15, 1935Full Service Brick and Mortar
    58204854Laurinburg Main Branch601 South Main Street, Laurinburg, NC 28352September 20, 1968Full Service Brick and Mortar
    5943846Thomasville Branch22 Winston Street, Thomasville, NC 27360January 01, 1915Full Service Brick and Mortar
    61365368Salisbury - Main Branch215 West Innes Street, Salisbury, NC 28144December 17, 2001Full Service Brick and Mortar
    62365369Apex Branch402 East Williams Street, Apex, NC 27502January 16, 2001Full Service Brick and Mortar
    63253181Broadway Branch229 North Main Street, Broadway, NC 27505August 05, 1981Full Service Brick and Mortar
    64365621Mount Pleasant Branch8252 Highway 49 North, Mount Pleasant, NC 28124October 10, 2002Full Service Brick and Mortar
    68205123Harmony Branch3364 Harmony Highway, Harmony, NC 28634October 24, 1956Full Service Brick and Mortar
    69190548Kenansville Branch305 South Main Street, Kenansville, NC 28349August 26, 1940Full Service Brick and Mortar
    70190546Fairmont Branch301 South Main Street, Fairmont, NC 28340January 02, 1934Full Service Brick and Mortar
    71190582Wallace Branch517 North Norwood Street, Wallace, NC 28466April 18, 1977Full Service Brick and Mortar
    72424261Mayodan Branch402 2nd Street, Mayodan, NC 27027November 10, 2003Full Service Brick and Mortar
    73424746Tramway BranchU.S. Highway 1 And Pendergrass Road, Sanford, NC 27330December 23, 2003Full Service Brick and Mortar
    77439900Rose Hill Branch501 S. Sycamore Street, Rose Hill, NC 28458April 04, 2005Full Service Brick and Mortar
    78447425Liberty Square Branch201 Kennedy Road, Thomasville, NC 27360November 07, 2005Full Service Brick and Mortar
    79450665Mooresville Branch553 East Plaza Drive, Mooresville, NC 28115April 10, 2006Full Service Brick and Mortar
    81455600Landfall Branch1701 Eastwood Road, Wilmington, NC 28403October 02, 2006Full Service Brick and Mortar
    82456602Shallotte Branch347 Whiteville Road, Nw, Shallotte, NC 28470October 23, 2006Full Service Brick and Mortar
    84456681Leland Branch10 Waterford Business Way, Belville, NC 28451November 10, 2006Full Service Brick and Mortar
    85461347Ocean Isle Branch113a Causeway Drive, Ocean Isle Beach, NC 28469Febuary 13, 2007Full Service Brick and Mortar
    86462566Carthage Branch109 Monroe Street, Carthage, NC 28327April 04, 2007Full Service Brick and Mortar
    9340671Wilmington Cooperative Bank Branch201 Market Street, Wilmington, NC 28401January 01, 1898Full Service Brick and Mortar
    94263686Elizabethtown Branch 7232 Broad Street, Elizabethtown, NC 28337January 01, 1898Full Service Brick and Mortar
    96263688Tabor City Branch 8102 East Fifth Street, Tabor City, NC 28463January 01, 1898Full Service Brick and Mortar
    98263690Jacksonville Branch 5827 New Bridge Street, Jacksonville, NC 28540January 01, 1898Full Service Brick and Mortar
    99263691Hanover Center Branch 23605 Oleander Drive, Wilmington, NC 28403January 01, 1898Full Service Brick and Mortar
    101263693Beaufort Branch 91503 Live Oak Street, Beaufort, NC 28516January 01, 1898Full Service Brick and Mortar
    102263694Jacksonville Branch 10400 Western Boulevard, Jacksonville, NC 28540January 01, 1898Full Service Brick and Mortar
    103263695Washington Branch 11132 West 2nd Street, Washington, NC 27889January 01, 1898Full Service Brick and Mortar
    104263696Belhaven Branch 12770 W Main St, Belhaven, NC 27810January 01, 1898Full Service Brick and Mortar
    105263697Kill Devil Hills Branch 132007 Croatan Hwy, Kill Devil Hills, NC 27948January 01, 1898Full Service Brick and Mortar
    106263699Washington Branch 151296 John Small Avenue, Washington, NC 27889June 30, 1987Full Service Brick and Mortar
    107360346Whiteville Branch 181104 North J K Powell Boulevard, Whiteville, NC 28472April 23, 2001Full Service Brick and Mortar
    108419328Morehead City Branch 20137 Highway 24 West, Morehead City, NC 28557July 01, 2003Full Service Brick and Mortar
    109422374Monkey Junction Branch 195102 South College Road, Wilmington, NC 28412May 12, 2003Full Service Brick and Mortar
    111424741Southport Branch 215210 Southport-Supply, Southport, NC 28461December 31, 2003Full Service Brick and Mortar
    112449794Porter's Neck Branch 168286 Market Street, Wilmington, NC 28411January 03, 2006Full Service Brick and Mortar
    115468967Corolla Branch821 Ocean Trail, Suite 3, Corolla, NC 27927October 19, 2007Limited Service Loan Production
    11959023The Bank Of Asheville Branch79 Woodfin Place, Asheville, NC 28801December 01, 1997Full Service Brick and Mortar
    120290673Candler Branch1487 Smokey Park Highway, Candler, NC 28715Febuary 01, 1999Full Service Brick and Mortar
    121430584Leicester Branch349 New Leicester Highway, Asheville, NC 28806August 02, 2004Full Service Brick and Mortar
    122445175South Asheville1985 Hendersonville Road, Asheville, NC 28803September 26, 2005Full Service Brick and Mortar
    123465721Reynolds Office Branch199 Charlotte Highway, Asheville, NC 28803September 11, 2006Full Service Brick and Mortar
  • 9 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    657370Latta Branch100 East Leitner Street, Latta, SC 29565January 01, 1934Full Service Brick and Mortar
    66224937Dillon Branch101 West Main Street, Dillon, SC 29536December 22, 1995Full Service Brick and Mortar
    67224938Dillon Drive Through Branch206 East Monroe Street, Dillon, SC 29536December 01, 1997Limited Service Facility
    8840866Sentry Bank & Trust Branch901 Chesterfield Highway, Cheraw, SC 29520January 01, 1929Full Service Brick and Mortar
    89418995Florence Branch452 Second Loop Rd, Florence, SC 29505June 03, 2000Full Service Brick and Mortar
    90426581Cheraw Branch515 Market Street, Cheraw, SC 29520Febuary 23, 2004Full Service Brick and Mortar
    92490147Florence Main Branch2170 West Evans Street, Florence, SC 29501March 23, 2009Full Service Brick and Mortar
    11410633Jefferson Branch 61P.O. Box 246, Jefferson, SC 29718August 12, 1946Full Service Brick and Mortar
    116478495Little River Branch1602 Highway 17, Little River, SC 29566July 14, 2008Full Service Brick and Mortar
  • 6 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    74426807Abingdon Branch102 Wall Street, Abingdon, VA 24210January 20, 2004Full Service Brick and Mortar
    75429728Radford Branch1400 Tyler Avenue, Radford, VA 24141July 14, 2004Full Service Brick and Mortar
    76432796Wytheville Branch150 Virginia Avenue, Wytheville, VA 24382October 12, 2004Full Service Brick and Mortar
    80212765Dublin Branch205 Broad Street, Dublin, VA 24084October 02, 1967Full Service Brick and Mortar
    87473601Fort Chiswell Branch131 Ivanhoe Road, Unit 131d, Cross Roads Mini Mall, Max Meadows, VA 24360March 10, 2008Full Service Brick and Mortar
    118509276Christiansburg Branch109 Roanoke Street, Christiansburg, VA 24073May 24, 2010Full Service Brick and Mortar

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