| 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 | ||||
| Magnolia Financial, Inc. | South Carolina | ||||
First Bancorp — 10-K exhibit
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