Total Assets
$3.3B
Total balance-sheet footings
FDIC Cert #35530 · Rocky Mount, North Carolina · Est. 2000
First Carolina Bank - FDIC Bank Health Profile
A community-scale look at First Carolina Bank's own numbers, pulled straight from its quarterly FDIC Call Report.
- $3.3B
- Total assets
- C
- Health grade · Fair
- 0.51%
- Return on assets
- 11.2%
- Tier 1 capital
Data updated July 2026
The verdict
First Carolina Bank earns a PlainBankData health grade of C (62/100), with well-capitalized at 11.21% Tier 1, 0.51% ROA, 80% efficiency ratio.
- #383
- largest of 4,313 FDIC banks by assets
- 91st
- percentile by asset size, nationally
- 11.21%
- Tier 1 ratio - above the 10% well-capitalized line
- 16th
- percentile for profitability (ROA), nationally
This grade is PlainBankData's own interpretation of the bank's Call Report, not an FDIC rating, deposits here stay federally insured to $250,000 per depositor, per category, regardless of grade.
How First Carolina Bank's 62/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
First Carolina Bank's composite health score
Tier 1 Capital Ratio (11.21%) 28/40
Return on Assets (ROA) (0.51%) 14/25
Texas Ratio (5.06%) 16/20
Efficiency Ratio (79.55%) 4/15
62 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$2.8B
Customer-funded liabilities
Net Loans
$2.6B
Outstanding loan book
Net Income
$17M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where First Carolina Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. First Carolina Bank's score of 62/100 falls in the highlighted band.
First Carolina Bank's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). First Carolina Bank's $3.3B falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
11.21% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
11.21%
Texas Ratio
5.06%
Equity Capital
$405M
Profitability metrics
Return on Assets (ROA)
16th percentile nationally
0.51%
Return on Equity (ROE)
4.20%
Efficiency Ratio
79.55%
What the numbers say about First Carolina Bank
First Carolina Bank is an FDIC-insured institution (Certificate #35530) headquartered in Rocky Mount, North Carolina, established in 2000. It holds $3.3B in total assets - 383rd of 4,313 FDIC-insured banks, $2.8B in customer deposits, and $2.6B in net loans. Capital-wise, the Tier 1 ratio sits at 11.21%, clearing the federal 10% well-capitalized bar; the Texas Ratio reads 5.06%, a healthy figure under the 50% watch level. That combination rolls up into a PlainBankData health grade of C (62 of 100), blending Tier 1 capital, ROA, the Texas Ratio, and efficiency. These figures come directly from the bank's quarterly FDIC Call Report.
Nationally, First Carolina Bank sits in the top decile of all FDIC-insured institutions by asset size (383rd of 4,313), and within North Carolina it ranks 9th of 38 state-chartered and national banks headquartered there. The next-largest bank in the state by assets is Peoples Bank, at $1.7B. A bank of this scale carries systemic weight in its market -- its lending and deposit decisions move local credit availability in a way a community-scale institution's simply cannot.
Income & expense breakdown
$189M
Interest Income
$41M
Non-Interest Income
$117M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. First Carolina Bank reports a Texas Ratio of 5.06% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
5.06% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in North Carolina by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) First Carolina Bank (FDIC Cert #35530) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in North Carolina
All North Carolina banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Bank of America, National AssociationCharlotte | $2.64T | A | 1.15% |
| Truist BankCharlotte | $539.5B | A | 1.04% |
| First-Citizens Bank & Trust CompanyRaleigh | $229.3B | B | 1.00% |
| Live Oak Banking CompanyWilmington | $15.1B | C | 0.82% |
| First BankSouthern Pines | $12.7B | A | 0.94% |
| Southern Bank and Trust CompanyMount Olive | $5.2B | A | 1.19% |
| HomeTrust BankAsheville | $4.5B | A | 1.43% |
| The Fidelity BankFuquay Varina | $4.4B | A | 1.74% |
Frequently asked questions
What is First Carolina Bank's health grade?▼
First Carolina Bank receives a health grade of C (62/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank meets regulatory minimums but has some areas of financial weakness to monitor.
How large is First Carolina Bank?▼
First Carolina Bank holds $3.3B in total assets and $2.8B in deposits, ranking 383rd of 4,313 FDIC-insured banks by asset size. It is headquartered in Rocky Mount, North Carolina.
Is my money safe at First Carolina Bank?▼
Yes, deposits at First Carolina Bank (Certificate #35530) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is First Carolina Bank's Tier 1 Capital Ratio?▼
First Carolina Bank has a Tier 1 Capital Ratio of 11.21%. That clears the federal 10% bar regulators use to call a bank "well-capitalized."
What is the Texas Ratio for First Carolina Bank?▼
First Carolina Bank has a Texas Ratio of 5.06%. Staying under 50% is the level analysts treat as healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is First Carolina Bank?▼
First Carolina Bank has an Efficiency Ratio of 79.55%. Past the 60% mark, a bigger slice of revenue is absorbed by operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read First Carolina Bank's profile as a depositor or analyst.
- First Carolina Bank's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare First Carolina Bank against other North Carolina banks before moving funds. North Carolina banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.