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2023 Awards and Accolades: Best Employer, Top Performing Bank, Top Civic-Minded Organization

Across The Carolinas 2 min read

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Your Award Winning Bank

Awards naming First Bank as a Best Employer, Best Performing Bank, and Top Civic Minded Organization are just a few of the many accolades we earned in 2023. We are so grateful for all of our associates, customers, and community partners who inspire us to be the best.
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2023 Awards & Recognition – First Bank

2023 Awards & Recognition – First Bank Associates

 

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Image for tile. Branch Spotlight: Combining Finance, Community Building, and Line Dancing in Florence, SC No team in banking understands the nuances of line dancing and banking quite like our Florence-Main branch. Join them for line dancing on Friday mornings! In March of 2023, we expanded our South Carolina footprint with the purchase of GrandSouth bank, adding 8 branches to the First Bank family. Our Florence-Main branch, operated by Paul Seward, Area Executive, and newly promoted City Executive, Ashley Christenbury, kicks off every Friday morning with some good old fashioned line dancing. You might think that line dancing and banking don’t have anything in common, but our team at the Florence-Main branch is here to prove you wrong. The choreography, methodical steps, camaraderie, and community-building aspects of line dancing have direct parallels with banking – and with First Bank specifically. Much like the choreography needed for a group to do the “Biker Shuffle” in unison, the moving parts needed to operate one of the nation’s most successful banks must work together seamlessly. First Bank’s mission combines financial safety and soundness with community trust and confidence. Throughout our organization’s 87-year history, we have seen recessions, depressions, and many banks come and go. Because of our commitment to being safe and sound and serving our customers, we have been awarded as a Number 1 Best-in-State Bank by Forbes, as an Annual KBW Bank Honor Roll Award winner, and one of the Top 10 best-performing public banks in the nation by S&P Global, along with many other accolades. The energy and teambuilding atmosphere cultivated at a line dance is hard to beat. As everyone works together, each dancer contributes to creating something larger than themselves. As the group grows in size and complexity, the more impressive the dance becomes. Similarly, banks that work together with their neighbors foster mutual growth, lasting impact, and impressive communities. An actively involved local bank can provide their neighbors with increased access to small business loans, mortgages, charitable donations, and overall financial wellness. When asked about her favorite part of working at First Bank, Ashley said, “First Bank’s commitment to the local communities we serve across our footprint is incredible. First Bank makes it a priority to support various initiatives on a corporate level and we are expected and encouraged to be involved 3 min read
Chris White leading a horse. Business Spotlight: White Dogwood Farm & Stables First Bank client White Dogwood Farm & Stables is a full service breeding and boarding facility started by Elizabeth and Chris White. The Whites truly love horses and their boarding facility offers top notch care, quality feed/hay and daily turnout. 3 min read
Apple cake, apples and eggs on a table Recipes from Our Neighborhoods, Part 2 In celebration of the fall season, we’ve pulled together a few family recipes. Here, you’ll find a few sweet treats and sides to pull out in time for the influx of company in the weeks to come. 3 min read
FIrst Bank Headquarters exterior A Strong Start to 2025: First Bank Reports Solid Q1 Results and Declares Dividend Q1 2025 at a Glance We delivered a solid financial start to the year, with $12.4 billion in total assets, $10.7 billion in deposits, and $8.1 billion in total loans as of March 31. Our performance this quarter included: $0.88 diluted earnings per share 15.54% return on average tangible common equity (ROATCE) 1.21% return on average assets (ROAA) 3.27% net interest margin These results reflect our focus on disciplined growth, sound lending practices, and the strength of the relationships we’ve built in our communities. View the infographic Dividend Declared On March 14, our Board of Directors declared a cash dividend of $0.22 per share, payable on April 25, 2025, to shareholders of record as of March 31, 2025. This continues our long-standing track record of returning value to shareholders and reflects our confidence in the long-term strength of our company. As our CEO, Richard Moore, shared when the dividend was announced last month: “Our Company had a strong fourth quarter performance with meaningful increases in adjusted net income and adjusted EPS while maintaining strong capital, liquidity and credit quality. We are pleased to continue distributing cash dividends to our shareholders, contributing to a valuable return on their investments.” Our Local Footprint With 113 branches and over 1,350 employees across North and South Carolina, we’re the largest community bank headquartered in North Carolina. We’re proud to serve individuals, families, and businesses across our footprint with a focus on personalized service and local decision-making. A Legacy of Strength We remain well capitalized and financially sound, with all of our capital ratios significantly exceeding regulatory requirements: Tangible Common Equity: 8.55% Total Capital Ratio: 16.79% (compared to the 10.5% minimum requirement) This strong capital foundation enables us to continue supporting our customers while preparing for future growth. Banking Built for You From checking accounts to commercial lending, home mortgages to digital banking, we offer a full suite of financial solutions designed to make life easier for the people and businesses we serve. Our services include: Consumer Banking: Checking, savings, credit cards, loans, and digital tools Business Banking: SBA lending, treasury services, merchant processing, and more Mortgages: Adjustable and fixed-rate options, FHA, VA, and construction loans Financial Wellness: With First@Work and personalized guidance at every stage of life Looking Ahead As we continue through 2025, we remain committed to doing what we do best—building relationships, investing in our communities, and helping our customers achieve more. Thank you for being part of our journey. To learn more, visit our investor website at Investor.LocalFirstBank.com. 3 min read
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