First Bancorp is the bank holding company for First Bank (the Bank). The Company's banking activities include the acceptance of deposits and the making of loans. The Company also offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. The Company offers Internet banking, mobile banking, cash management and bank-by-phone capabilities. As of December 31, 2014, the Company conducted business from 87 branches and served primarily the south central region (the Piedmont region), the central mountain region and the eastern coastal region of North Carolina, with operations in northeastern South Carolina and southwestern Virginia. As of December 31, 2014, the Bank had two wholly owned subsidiaries, First Bank Insurance Services, Inc., an agent for property and casualty insurance policies, and First Troy SPE, LLC.