Where Your Locally Spent Dollar Goes [Infographic]

In a recent article, we dug into the “shop local” trend. To help highlight the key facts, we created this handy infographic.

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5 Ways to Get the Lowest Mortgage Rates If you are looking for some of the lowest mortgage rates in North Carolina or South Carolina, First Bank might be able to help. Choosing a mortgage option can be one of the most confusing aspects of the home purchasing process. Especially when you are unsure of how to secure the lowest mortgage rates or best long-term plan to manage your home’s equity. First Bank offers a range of home loan options, from conventional mortgages to construction loans. We also offer guidance and expertise on all things related to home loans, such as our tips and tricks for keeping mortgage rates low. Tips for Keeping Mortgage Rates Low Securing a low mortgage rate isn’t a matter of luck. You can follow these five helpful tips to ensure you get the lowest rate when applying for a mortgage: Improve your credit score: The best tool in a mortgage shopper’s arsenal is their credit score. Lenders often offer lower mortgage rates to borrowers with excellent credit scores. Be honest on your application: Filling out your application accurately and honestly can prevent any delays in the application process. There’s also the added bonus of building trust with your lender. Lower your debt: Your debt to income ratio (DTI) is an important factor when applying for a loan. If your debt is too high compared to your income, you could be subject to higher mortgage rates. Make a large down payment: The more you pay upfront, the better you will looks to lenders. Making a larger down payment also means you owe less over the life of the loan, which could help you secure a lower rate. Choose the right loan term for you: If you have a lot of debt, a longer-term loan with lower payments might be a good option. If you can handle larger payments and want to keep interest low, a shorter-term loan could be ideal. First Bank provides you with some of the lowest mortgage rates available on a variety of home loan options, such as: Conventional Loans Government Loans (FHA, VA, and more) Jumbo Loans One-Time-Close Construction-to-Permanent Loans Dream It, Own It Use our mortgage calculators, visit a First Bank location near you to speak with one of 3 min read

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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

Where Your Locally Spent Dollar Goes [Infographic]

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