RANKING ·
Lowest efficiency ratio in North Carolina
32 of 39 banks in North Carolina that filed for the quarter ended June 30, 2026 are ranked. At least $100 million in total assets and positive revenue. Institutions with equal values share a rank. Source: FDIC quarterly financial data.
| Rank | Institution | Headquarters | Efficiency ratio (noninterest expense / revenue) | Total assets |
|---|---|---|---|---|
| 1 | Blueharbor Bank | Mooresville, NC | 32.1% | $628 million |
| 2 | Providence Bank | Rocky Mount, NC | 40.8% | $1.5 billion |
| 3 | Roxboro Savings Bank SSB | Roxboro, NC | 45.5% | $361 million |
| 4 | Farmers and Merchants Bank | Granite Quarry, NC | 47.6% | $999 million |
| 5 | First Bank | Southern Pines, NC | 49.1% | $13.0 billion |
| 6 | The Fidelity Bank | Fuquay Varina, NC | 51.1% | $4.7 billion |
| 7 | Live Oak Banking Company | Wilmington, NC | 51.2% | $16.0 billion |
| 8 | Southern Bank and Trust Company | Mount Olive, NC | 52.0% | $5.3 billion |
| 9 | Bank of America N.A. | Charlotte, NC | 53.8% | $2.7 trillion |
| 10 | Truist Bank | Charlotte, NC | 55.2% | $548 billion |
| 11 | Ks Bank Inc. | Smithfield, NC | 57.0% | $874 million |
| 12 | American Bank of the Carolinas | Monroe, NC | 57.7% | $214 million |
| 13 | Lifestore Bank | West Jefferson, NC | 58.0% | $491 million |
| 14 | Bank of Oak Ridge | Oak Ridge, NC | 59.9% | $658 million |
| 15 | Nantahala Bank & Trust Company | Franklin, NC | 59.9% | $289 million |
| 16 | Hometrust Bank | Asheville, NC | 59.9% | $4.4 billion |
| 17 | Taylorsville Savings Bank SSB | Taylorsville, NC | 62.2% | $232 million |
| 18 | First-Citizens Bank & Trust Company | Raleigh, NC | 65.6% | $236 billion |
| 19 | Uwharrie Bank | Albemarle, NC | 65.8% | $1.2 billion |
| 20 | New Republic Bank | Roanoke Rapids, NC | 66.4% | $176 million |
| 21 | Peoples Bank | Newton, NC | 68.1% | $1.8 billion |
| 22 | Lumbee Guaranty Bank | Pembroke, NC | 71.1% | $583 million |
| 23 | Mechanics & Farmers Bank | Durham, NC | 73.9% | $476 million |
| 24 | Belmont Savings Bank SSB | Belmont, NC | 76.4% | $161 million |
| 25 | First Carolina Bank | Rocky Mount, NC | 76.5% | $3.4 billion |
| 26 | North State Bank | Raleigh, NC | 81.6% | $1.5 billion |
| 27 | First Federal Savings Bank of Lincolnton | Lincolnton, NC | 82.0% | $486 million |
| 28 | Tiaa Trust N.A. | Charlotte, NC | 82.5% | $241 million |
| 29 | Morganton Savings Bank, S.S.B. | Morganton, NC | 84.6% | $114 million |
| 30 | First Federal Bank | Dunn, NC | 85.0% | $276 million |
| 31 | Piedmont Federal Savings Bank | Winston Salem, NC | 87.2% | $1.3 billion |
| 32 | Triad Business Bank | Greensboro, NC | 89.5% | $536 million |
Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings