North State Bank
Community bank founded in 2000 with seven full-service offices in Wake and New Hanover counties. Specializes in relationship banking for professionals and small to mid-size businesses.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (36 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
North State Bank ranks #96 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of North State Bank’s 7(a) acquisition lending falls in the $500K-$1M range: 13 loans, 36.1% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 11 | 30.6% | |
| $500K-$1M | 13 | 36.1% | |
| $1M-$2M | 11 | 30.6% | |
| $3M-$4M | 1 | 2.8% |
Industries with highest loan volume
Full-Service Restaurants
4
loans
$689K
avg. amount
Landscaping Services
2
loans
$826K
avg. amount
Child Care Services
2
loans
$393K
avg. amount
Commercial Printing (except Screen and Books)
1
loans
$404K
avg. amount
All Other Professional, Scientific, and Technical Services
1
loans
$646K
avg. amount
Coin-Operated Laundries and Drycleaners
1
loans
$388K
avg. amount
Janitorial Services
1
loans
$1.1M
avg. amount
Sporting Goods Retailers
1
loans
$340K
avg. amount
Tax Preparation Services
1
loans
$300K
avg. amount
Finish Carpentry Contractors
1
loans
$1.0M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
North State Bank’s median variable rate is + 2.50%, against a market median of Prime + 1.88%, 63 above market.
It priced below the market median in 1 of the last 8 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.57% |
| $500K-$1M | Prime + 2.58% |
| $1M-$2M | Prime + 2.23% |
| $3M-$4M | Prime + 2.50% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q3 '18 | Prime + 1.88% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
| Q4 '18 | Prime + 2.25% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q3 '20 | Prime + 2.50% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 4 |
| Q1 '21 | Prime + 2.75% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q4 '23 | Prime + 2.50% | Prime + 2.00% | Prime + 1.42% – Prime + 2.50% | 6 |
| Q1 '24 | Prime + 2.38% | Prime + 2.00% | Prime + 1.48% – Prime + 2.50% | 4 |
| Q3 '25 | Prime + 2.25% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q1 '26 | Prime + 2.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
North State Bank has originated 7(a) acquisition loans in 13 states, most actively in Florida (13), North Carolina (6) and Washington (4). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Florida | 13 | 36.1% |
| North Carolina | 6 | 16.7% |
| Washington | 4 | 11.1% |
| California | 3 | 8.3% |
| Texas | 2 | 5.6% |
| Georgia | 1 | 2.8% |
| Utah | 1 | 2.8% |
| Ohio | 1 | 2.8% |
| New York | 1 | 2.8% |
| Missouri | 1 | 2.8% |
| Tennessee | 1 | 2.8% |
| Kentucky | 1 | 2.8% |
| South Carolina | 1 | 2.8% |
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