Bank · Southern Pines, NC
First Bank: SBA lending profile
#136
National rank by loans
First Bank approved 319 SBA loans worth $309.4M between October 2021 and June 2026, ranking #136 of 2,283 SBA lenders nationally by loan count. Its median loan was $690,000, and 24% went to startups or businesses under two years old. It lent in 29 states, most often in North Carolina, and its most financed industry was construction.
SBA loans per fiscal year
0 133 267 400 FY14: 14 loans FY14 FY15: 11 loans FY15 FY16: 22 loans FY16 FY17: 114 loans FY17 FY18: 322 loans FY18 322 FY19: 210 loans FY19 FY20: 157 loans FY20 FY21: 146 loans FY21 FY22: 65 loans FY22 FY23: 73 loans FY23 FY24: 86 loans FY24 FY25: 68 loans FY25 FY26 (Oct to Jun): 27 loans FY26 27 Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Where First Bank lends
State Loans Approved Median loan Rank in state
North Carolina 126 $113.4M $632,100 #15 California 55 $58.6M $737,000 #89 South Carolina 37 $39.8M $691,000 #22 Georgia 16 $13.7M $778,000 #93 Florida 11 $9.8M $1,058,300 #139 Colorado 9 $6.8M $586,500 #102 Arizona 9 $9.2M $653,000 #80 Ohio 6 $5.4M $856,250 #115 New York 6 $7.7M $1,373,800 #139 Texas 5 $8.5M $1,484,000 #255 Virginia 4 $2.2M $530,000 #123 Utah 4 $2.3M $375,000 #69 Oregon 4 $5.7M $1,383,500 #86 Washington 4 $4.0M $1,024,500 #119 Nevada 3 $1.6M $515,800 #86
Industries First Bank finances
Industry Loans Share Median loan
Construction 57
$577,100 Retail 47
$822,000 Restaurants and hotels 40
$680,000 Administrative and support services 33
$498,000 Manufacturing 26
$839,000 Other services (repair, personal care) 23
$508,500 Health care and social assistance 22
$1,212,800 Transportation and warehousing 18
$670,450 Professional and technical services 13
$499,000 Wholesale trade 11
$790,000
Loan size mix
Under $150,000 7% $150,000 to $500,000 30% $500,000 to $2 million 52% $2 million and up 11% Loan programs used
Preferred Lender (PLP) 82% SBA Express 14% International Trade Loans 2% Standard 7(a) 2%
Bank financials · Q2 2026
Total assets
$13.0B
Return on assets (annualized)
1.56%
Tier 1 capital to assets
11.1%
Business (C&I) loans
$756.9M
Noncurrent loans
0.50%
Uninsured deposits
41%
From the bank's FDIC call report. Shown for context, not as a rating. FDIC certificate 15019.
Loan terms
Median initial rate, FY2025 to date
10.00%
Variable-rate share
100%
Median term
10 years
Startups and new businesses
24%
Charge-off rate, 2010 to 2019 loans now closed
10.8%
Is First Bank right for your loan?
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Get a Lender Match Figures come from the SBA's public loan records and describe loans the SBA approved, not applications or the lender's full business.
Methodology