RANKING ·
Lowest cost of deposits in North Carolina
31 of 39 banks in North Carolina that filed for the quarter ended June 30, 2026 are ranked. At least $100 million in total assets. Institutions with equal values share a rank. Source: FDIC quarterly financial data.
| Rank | Institution | Headquarters | Cost of all deposits, annualized for the quarter | Total assets |
|---|---|---|---|---|
| 1 | Farmers and Merchants Bank | Granite Quarry, NC | 0.81% | $999 million |
| 2 | The Fidelity Bank | Fuquay Varina, NC | 0.87% | $4.7 billion |
| 3 | Southern Bank and Trust Company | Mount Olive, NC | 1.02% | $5.3 billion |
| 4 | Morganton Savings Bank, S.S.B. | Morganton, NC | 1.14% | $114 million |
| 5 | Mechanics & Farmers Bank | Durham, NC | 1.19% | $476 million |
| 6 | North State Bank | Raleigh, NC | 1.23% | $1.5 billion |
| 7 | Nantahala Bank & Trust Company | Franklin, NC | 1.26% | $289 million |
| 8 | First Bank | Southern Pines, NC | 1.30% | $13.0 billion |
| 9 | Lumbee Guaranty Bank | Pembroke, NC | 1.32% | $583 million |
| 10 | Peoples Bank | Newton, NC | 1.38% | $1.8 billion |
| 11 | Bank of America N.A. | Charlotte, NC | 1.38% | $2.7 trillion |
| 12 | American Bank of the Carolinas | Monroe, NC | 1.44% | $214 million |
| 13 | First Federal Bank | Dunn, NC | 1.52% | $276 million |
| 14 | Uwharrie Bank | Albemarle, NC | 1.56% | $1.2 billion |
| 15 | Bank of Oak Ridge | Oak Ridge, NC | 1.58% | $658 million |
| 16 | Truist Bank | Charlotte, NC | 1.61% | $548 billion |
| 17 | Hometrust Bank | Asheville, NC | 1.72% | $4.4 billion |
| 18 | Blueharbor Bank | Mooresville, NC | 1.80% | $628 million |
| 19 | First Federal Savings Bank of Lincolnton | Lincolnton, NC | 1.85% | $486 million |
| 20 | Lifestore Bank | West Jefferson, NC | 1.90% | $491 million |
| 21 | Roxboro Savings Bank SSB | Roxboro, NC | 1.93% | $361 million |
| 22 | First-Citizens Bank & Trust Company | Raleigh, NC | 2.05% | $236 billion |
| 23 | Ks Bank Inc. | Smithfield, NC | 2.23% | $874 million |
| 24 | Piedmont Federal Savings Bank | Winston Salem, NC | 2.30% | $1.3 billion |
| 25 | Taylorsville Savings Bank SSB | Taylorsville, NC | 2.37% | $232 million |
| 26 | Providence Bank | Rocky Mount, NC | 2.66% | $1.5 billion |
| 27 | Triad Business Bank | Greensboro, NC | 2.68% | $536 million |
| 28 | Belmont Savings Bank SSB | Belmont, NC | 2.69% | $161 million |
| 29 | First Carolina Bank | Rocky Mount, NC | 2.74% | $3.4 billion |
| 30 | Live Oak Banking Company | Wilmington, NC | 3.21% | $16.0 billion |
| 31 | New Republic Bank | Roanoke Rapids, NC | 3.45% | $176 million |
Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings