| | | | | |
| Name of Subsidiary and Name under Which Subsidiary Transacts Business | State of Incorporation |
| First Bank (1) | North Carolina |
| First Bancorp Capital Trust II | Delaware |
| First Bancorp Capital Trust III | Delaware |
| First Bancorp Capital Trust IV | Delaware |
| Carolina Capital Trust | Delaware |
| New Century Statutory Trust I | Delaware |
| GrandSouth Capital Trust I | Delaware |
| |
| (1) First Bank has three wholly owned subsidiaries – | |
| First Troy SPE, LLC | North Carolina |
| SBAC Complete, Inc. (dissolved effective January 8, 2025) | California |
| Magnolia Financial, Inc. | South Carolina |