SBA lender profile
First Bank
First Bank appears in the public SBA loan data with 757 funded 7(a) loans totaling $674.7M, an average of $891K per loan, and an estimated 12,625 jobs supported. Its SBA lending concentrates in North Carolina and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.4%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
757
Total volume
$674.7M
Average loan size
$891K
Charge-off rate
0.4%
Share of funded loans charged off
Jobs supported (reported)
12,625
Programs
7(a)
Bank profile
via FDIC- Total assets
- $363M
- Headquarters
- Chester, IL
- FDIC cert
- #1037
- Status
- Inactive
Where First Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| North Carolina | 180 | $141.5M |
| California | 133 | $133.1M |
| New Jersey | 69 | $61.7M |
| South Carolina | 39 | $39.6M |
| Florida | 68 | $38.8M |
| New York | 32 | $30.5M |
What First Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 108 | $93.8M |
| Construction | 98 | $86.5M |
| Health Care and Social Assistance | 82 | $83.6M |
| Manufacturing | 71 | $75.4M |
| Accommodation and Food Services | 77 | $71.1M |
| Other Services | 59 | $49.1M |
First Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 177 | $146.1M |
| 2021 | 177 | $156.1M |
| 2022 | 84 | $77.3M |
| 2023 | 99 | $91.0M |
| 2024 | 96 | $90.0M |
| 2025 | 107 | $99.2M |
| 2026 | 17 | $15.0M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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