First Carolina Bank: how it compares with its peers
Against 449 U.S. banks with half to twice its assets, First Carolina Bank's strongest measure in Q2 2026 is assets per employee ($12.5M vs. a $9.2M peer median). Its weakest relative measure is efficiency ratio (74.60% vs. 58.47%).
| Measure | First Carolina Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.78% | 1.27% | Bottom third Ahead of 16% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.39% | 3.68% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 74.60% | 58.47% | Bottom third Ahead of 10% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.5M | $9.2M | Top third Ahead of 77% of peers |
| Loans to deposits Net loans and leases over total deposits. | 94.78% | 88.43% | Context |
What it means for lending operations
Its efficiency ratio of 74.60% is above the 58.47% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Northrim Bank Anchorage, AK · $3.40B
- First Dakota National Bank Yankton, SD · $3.39B
- Northern Bank & Trust Company Woburn, MA · $3.38B
- Banterra Bank Marion, IL · $3.36B
- Lake Ridge Bank Middleton, WI · $3.35B
Questions about First Carolina Bank
How big is First Carolina Bank?
First Carolina Bank, established in 2000, is headquartered in Rocky Mount, NC. It reported $3.41B in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is First Carolina Bank's return on assets?
0.78% annualized in Q2 2026, against a 1.27% median for 449 U.S. banks with half to twice its assets, ahead of 16% of them.
What is First Carolina Bank's efficiency ratio?
74.60% in Q2 2026: it spent about 75 cents in noninterest expense for each dollar of revenue. The peer median is 58.47%, and lower is better.
Is First Carolina Bank growing its loans?
Net loans grew 1.7% over the year to Q2 2026, while deposits shrank 2.6%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every North Carolina bank ranked.