Applications / Mortgage Analytics / Lenders / North Carolina / First Bank
Southern Pines, NC · State member bank · FRS · $12.7 billion assets · 1,632 loans in 2025
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1,632
loans originated, 2025
2,199
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Bank is a North Carolina bank whose originations rose 16% in 2025, faster than most similar lenders, with its largest share gain in Fayetteville, NC.
Originations rose 16% to 1,632, against 7% at similar lenders (state member banks making between half and twice as many loans) and 10% for the whole market, higher than about three-quarters of peers. Dollar volume rose further, to $718.2 million from $407.8 million, as its typical loan grew to $235,000 from $205,000 and jumbo loans (larger than the conforming limit) to 6.4% from 3.1%.
Its share in Fayetteville, NC rose 1.8 points to 2.0%, ranking it 12 of 371, and in Greenville-Anderson-Greer it rose 0.6 points to 0.7%. In Wilmington, its market since before 1990, it ranked 13 of 538 with a 1.9% share, behind State Employees' Credit Union, Rocket Mortgage and First Citizens Bank.
Majority-minority areas took 14.9% of its loans, against 6.8% at peers and up from 8.0% five years before, higher than about three-quarters of similar lenders. LMI (low- and moderate-income) borrowers took 23.6%, up from 15.2% but lower than peers' 26.5%; its larger typical loan, $235,000 against $195,000, is one possible reason.
Its higher-priced share (a rate well above the average for similar loans) was 0.0%, against 1.2% at peers, and its typical rate, 6.88%, matched peers'. Its home-purchase denial rate, 6.8%, was near peers' 7.3%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Bank took 2,199 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 46.2% · Refinance 20.9% · Other 17.0% · Home improvement 15.9%
Conventional 97.8% · FHA 1.3% · VA 0.6% · USDA (RHS or FSA) 0.3% · of 1,632 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| North Carolina | 1,495 | 91.6% |
| South Carolina | 132 | 8.1% |
| Virginia | 3 | 0.2% |
| Kentucky | 1 | 0.1% |
| Minnesota | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Wilmington | 240 |
| Pinehurst-Southern Pines | 172 |
| Asheville | 142 |
| Charlotte-Concord-Gastonia | 108 |
| Greensboro-High Point | 106 |
| Raleigh-Cary | 87 |
| Winston-Salem | 60 |
| Greenville-Anderson-Greer | 51 |
| Durham-Chapel Hill | 46 |
| Jacksonville | 38 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900L67A0ZTJRS6614 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 216922 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315019 | 1990–2014 |
| Respondent ID (the HMDA filer code before 2018) | 2216922 | 2015–2017 |
Established 1 January 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First Bank's data.
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