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Acquisitions (Condensed Balance Sheet of Carolina Bank and Related Fair Value Adjustments) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 03, 2017
Mar. 03, 2017
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Fair Value Adjustments          
Value of stock issued     $ 114,478 $ 1,500  
Goodwill recorded related to acquisition of Carolina Bank     $ 142,872 $ 67,528 $ 75,042
As Recorded by First Bancorp [Member]          
Assets          
Cash and cash equivalents $ 81,464 $ 81,464      
Securities 49,368 49,368      
Loans, gross 479,376 479,376      
Allowance for loan losses      
Premises and equipment 22,218 22,218      
Core deposit intangible 8,790 8,790      
Other 30,172 30,172      
Total 689,388 689,388      
Liabilities          
Deposits 585,381 585,381      
Borrowings 19,000 19,000      
Other 13,080 13,080      
Total 617,461 617,461      
Net identifiable assets acquired 71,927 71,927      
Carolina Bank [Member]          
Assets          
Cash and cash equivalents 81,466 81,466      
Securities 49,629 49,629      
Loans, gross 505,560 505,560      
Allowance for loan losses (5,746) (5,746)      
Premises and equipment 17,967 17,967      
Core deposit intangible      
Other 34,976 34,976      
Total 683,852 683,852      
Liabilities          
Deposits 584,950 584,950      
Borrowings 21,855 21,855      
Other 12,855 12,855      
Total 619,660 619,660      
Fair Value Adjustments          
Value of stock issued 114,478        
Cash paid in the acquisition 25,279        
Goodwill recorded related to acquisition of Carolina Bank $ 67,830 67,830      
Fair Value Adjustments [Member]          
Fair Value Adjustments          
Cash and cash equivalents [1]   (2)      
Securities [2]   (261)      
Loans, gross [3]   (5,469)      
Write-down of purchased credit impaired loans [4]   (2,715)      
Allowance for loan losses [5]   5,746      
Premises and equipment [6]   4,251      
Core deposit intangible [7]   8,790      
Other [8]   (4,804)      
Total Assets   5,536      
Deposits [9]   431      
Borrowings [10]   (2,855)      
Other [11]   225      
Total Liabilities   (2,199)      
Value of stock issued   114,478      
Cash paid in the acquisition   25,279      
Total cost of acquisition   $ 139,757      
[1] This adjustment was recorded to a short-term investment to its estimated fair value.
[2] This fair value adjustment was recorded to adjust the securities portfolio to its estimated fair value.
[3] This fair value adjustment represents the amount necessary to reduce performing loans to their fair value due to interest rate factors and credit factors. This amount will be amortized to increase interest income over the remaining lives of the related loans.
[4] This fair value adjustment was recorded to write-down purchased credit impaired loans assumed in the acquisition to their estimated fair market value.
[5] This fair value adjustment reduced the allowance for loan losses to zero as required by relevant accounting guidance.
[6] This adjustment represents the amount necessary to increase premises and equipment from its book value on the date of acquisition to its estimated fair market value.
[7] This fair value adjustment represents the value of the core deposit base assumed in the acquisition based on a study performed by an independent consulting firm. This amount was recorded by the Company as an identifiable intangible asset and will be amortized as expense on an accelerated basis over seven years.
[8] This fair value adjustment primarily represents the net deferred tax liability associated with the other fair value adjustments made to record the transaction.
[9] This fair value adjustment was recorded because the weighted average interest rate of Carolina Bank's time deposits exceeded the cost of similar wholesale funding at the time of the acquisition. This amount will be amortized to reduce interest expense on an accelerated basis over their remaining five year life.
[10] This fair value adjustment was primarily recorded because the interest rate of Carolina Bank's trust preferred security was less than the current interest rate on similar instruments. This amount will be amortized on approximately a straight-line basis to increase interest expense over the remaining life of the related borrowing, which is 18 years.
[11] This fair value adjustment represents miscellaneous adjustments needed to record assets and liabilities at their fair value.