First Bank (NC)

First Bank (NC) is headquartered in Troy and is the 5^th largest bank in the state of North Carolina. It is also the 228^th largest bank in the nation. It was established in 1934 and as of September of 2011, it had grown to 811 employees at 98 locations. First Bank (NC) has a 3-star health rating.

Data for Q3 2011

Institution Statistics First Bank FDIC Certificate # 15019 BankRate Report View Year Established 1934 Employees 811 Primary Regulator FDIC Assets and Liabilities Assets $3.30 billion Loans $2.40 billion Deposits $2.73 billion Equity Capital $393.64 million Loan Loss Allowance $37.65 million Unbacked Noncurrent Loans $111.55 million Real Estate Owned $137.46 million Historic Data - September 2010 Assets $3.36 billion Equity Capital $391.84 million Loan Loss Allowance $45.00 million Unbacked Noncurrent Loans $80.32 million Real Estate Owned $118.86 million Profit Margin - Quarterly Net Interest Margin 4.81% Return on Assets 0.56% Return on Equity 4.8% Interest Income $118.59 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 First Bank (NC) had $249.01 million in non-current loans and owned real-estate with $431.3 million in equity and loan loss allowances on hand to cover it. This gives First Bank (NC) a Texas Ratio of 57.73% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Bank (NC) held steady from 62.79% as of September 30, 2010 to 57.73% as of September 30, 2011, resulting in a positive change of 8.05%.This indicates that the balance sheet and financial strength for First Bank (NC) has held steady in recent periods. Deposit Growth In the past year, First Bank (NC) has decreased its total deposits by -$23.41 million, resulting in -0.85% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank (NC) has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank (NC) has $3.3 billion in assets with $431.3 million in equity, resulting in a capitalization level of 13.06%, which is excellent.

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