First Bancorp FBNC Rabbi trust obligation
Rabbi trust obligation at other companies
Other financials
Where this comes from
Reported directly by First Bancorp in its filing.
Tagged under the XBRL concept fbnc:RabbiTrustObligation.
The official record: First Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First Bancorp's rabbi trust obligation?
- First Bancorp (FBNC) reported rabbi trust obligation of $893K in Q1 2026.
- How has First Bancorp's rabbi trust obligation changed year-over-year?
- First Bancorp's rabbi trust obligation decreased by 23.4% year-over-year, from $1.17M to $893K.
- What is the long-term trend for First Bancorp's rabbi trust obligation?
- Over 5 years (2020 to 2025), First Bancorp's rabbi trust obligation has grown at a -17.0% compound annual growth rate (CAGR), from $2.24M to $885K.
- What does rabbi trust obligation mean?
- This represents the liability associated with assets held in a rabbi trust, which are set aside to fund non-qualified deferred compensation plans for executives or employees. Because these assets remain subject to the claims of the bank's general creditors, the corresponding obligation is recognized on the balance sheet. It provides transparency into the bank's long-term compensation liabilities and the associated funding arrangements.