First Bancorp (First Bancorp) Allowance For Loans And Lease Losses : $-109.9 Mil (As of Dec. 2023)

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What is First Bancorp Allowance For Loans And Lease Losses?

First Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-109.9 Mil.

First Bancorp's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-109.2 Mil) to Sep. 2023 ($-108.2 Mil) but then declined from Sep. 2023 ($-108.2 Mil) to Dec. 2023 ($-109.9 Mil).

First Bancorp's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-78.8 Mil) to Dec. 2022 ($-91.0 Mil) and declined from Dec. 2022 ($-91.0 Mil) to Dec. 2023 ($-109.9 Mil).

First Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for First Bancorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Bancorp Allowance For Loans And Lease Losses Chart

First Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-21.40

-52.39

-78.79

-90.97

-109.85

First Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-106.40	-109.23	-108.20	-109.85	-110.07

First Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

First Bancorp Allowance For Loans And Lease Losses Related Terms

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First Bancorp (First Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp (NAS:FBNC) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 SW Broad Street, Southern Pines, NC, USA, 28387

Website

https://www.localfirstbank.com

First Bancorp is a bank holding company. The company is engaged in providing banking services such as acceptance of deposits and lending funds to customers for various purposes. It provides checking, savings, and money market accounts, time deposits, including various types of certificates of deposits (CDs) and individual retirement accounts (IRAs). The company also provides loans for various purposes of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. Also, it offers credit cards, debit cards, letters of credit and electronic funds transfer services.

Executives

J Randolph Potter	director	381 HALTON RD., GREENVILLE SC 29607
Elizabeth B Bostian	officer: Chief Financial Officer	2108 CARLISLE ROAD, GREENSBORO NC 27401
Richard H Moore	director	1917 LEWIS CIRCLE, RALEIGH NC 27608
Mclamb Carlie C Jr	director	C/O NEW CENTURY BANK 700 W CUMBERLAND ST, DUNN NC 28334
Michael Goodwin Mayer	officer: President	300 SW BROAD STREET, SOUTHERN PINES NC 28387
Mary Clara Capel	director	P.O. BOX 826, TROY NC 27371
Mason Y Garrett	director	381 HALTON ROAD, GREENVILLE SC 29606
Dexter V Perry	director	111 LYNDENBURY DRIVE, APEX NC 27502
John W Mccauley	director
Gregory A Currie	officer: Chief Banking Officer	204 ELMWOOD DR., GREENSBORO NC 27408
Suzanne S Deferie	director, officer: Regional President	11 CHURCH STREET, ASHEVILLE NC 28801
Crawford James C Iii	director
Frederick Leslie Taylor	director	1207 CEDAR CREEK ROAD, BISCOE NC 27209
Virginia C Thomasson	director
Thomas F Phillips	director