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Acquisitions (Condensed Balance Sheet of Carolina Bank and Related Fair Value Adjustments) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Oct. 01, 2017
Mar. 03, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2018
Sep. 01, 2017
Assets            
Core deposit intangible $ 9,880 $ 8,790       $ 271
Fair Value Adjustments            
Value of stock issued     $ 284,192 $ 5,509    
Goodwill recorded related to acquisition     $ 233,070   $ 234,368  
Carolina Bank [Member]            
Assets            
Cash and cash equivalents   81,466        
Securities   49,629        
Loans, gross   505,560        
Allowance for loan losses   (5,746)        
Premises and equipment   17,967        
Core deposit intangible          
Other   34,976        
Total   683,852        
Liabilities            
Deposits   584,950        
Borrowings   21,855        
Other   12,855        
Total   619,660        
Fair Value Adjustments            
Value of stock issued   114,500        
Cash paid in the acquisition   25,300        
Goodwill recorded related to acquisition   66,540        
Fair Value Adjustments [Member]            
Fair Value Adjustments            
Cash and cash equivalents (2) [1]        
Securities (261) [2]        
Loans, gross [3] (9,631) (5,469)        
Write-down of purchased credit impaired loans [4] (1,348) (2,715)        
Allowance for loan losses [5] 6,685 5,746        
Presold mortgages          
Premises and equipment [6] 9,857 4,251        
Core deposit intangible 9,760 [7] 8,790 [8]        
Other [9] (5,851) (4,804)        
Total Assets 9,472 5,536        
Deposits 430 [10] 431 [11]        
Borrowings (2,855) [12]        
Other [13] 298 225        
Total Liabilities 728 (2,199)        
Value of stock issued 169,299 114,478        
Cash paid in the acquisition 17,939 25,279        
Total cost of acquisition 187,238 139,757        
Measurement Period Adjustments [Member]            
Fair Value Adjustments            
Cash and cash equivalents        
Securities        
Loans, gross 146 [14]        
Write-down of purchased credit impaired loans          
Allowance for loan losses        
Presold mortgages          
Premises and equipment (319) [15]        
Core deposit intangible 120 [16]        
Other (777) [17] 757 [18]        
Total Assets (657) 584        
Deposits        
Borrowings (262) [19]        
Other (380) [20] (444) [21]        
Total Liabilities (380) (706)        
As Recorded by First Bancorp [Member]            
Assets            
Cash and cash equivalents 41,824 81,464        
Securities 95,020 49,368        
Loans, gross 606,180 497,522        
Allowance for loan losses        
Presold mortgages 3,785          
Premises and equipment 20,554 21,899        
Core deposit intangible 9,880 8,790        
Other 29,316 30,929        
Total 806,559 689,972        
Liabilities            
Deposits 679,137 585,381        
Borrowings 20,000 18,738        
Other 8,861 12,636        
Total 707,998 616,755        
Net identifiable assets acquired 98,561 $ 73,217        
Asheville Savings Bank [Member]            
Assets            
Cash and cash equivalents 41,824          
Securities 95,020          
Loans, gross 617,159          
Allowance for loan losses (6,685)          
Presold mortgages 3,785          
Premises and equipment 10,697          
Core deposit intangible          
Other 35,944          
Total 797,744          
Liabilities            
Deposits 678,707          
Borrowings 20,000          
Other 8,943          
Total 707,650          
Fair Value Adjustments            
Value of stock issued 169,300          
Cash paid in the acquisition 17,900          
Goodwill recorded related to acquisition $ 88,677          
[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. Assuming the loans continue to perform, 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 is being amortized as expense on an accelerated basis over seven years.
[8] 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.
[9] This fair value adjustment primarily represents the net deferred tax liability associated with the other fair value adjustments made to record the transaction.
[10] This fair value adjustment was recorded because the weighted average interest rate of Asheville Savings Bank's time deposits exceeded the cost of similar wholesale funding at the time of the acquisition. This amount is being amortized to reduce interest expense on an accelerated basis over their remaining five year life.
[11] 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 is being amortized to reduce interest expense on an accelerated basis over their remaining five year life.
[12] This fair value adjustment was primarily recorded because the interest rate of Carolina Bank's trust preferred securities was less than the current interest rate on similar instruments. This amount is being amortized on approximately a straight-line basis to increase interest expense over the remaining life of the related borrowing, which is 18 years.
[13] This fair value adjustment represents miscellaneous adjustments needed to record assets and liabilities at their fair value.
[14] This fair value adjustment was a miscellaneous adjustment to increase the initial fair value of gross loans.
[15] This fair value adjustment relates to miscellaneous adjustment to decrease the initial fair value of premises and equipment.
[16] This fair value adjustment relates to a change in the final amount of the core deposit intangible asset from the amount originally estimated.
[17] This fair value adjustment relates to the write-down of a foreclosed property based on an updated appraisal and the related tax deferred tax asset adjustment.
[18] This fair value adjustment relates to changes in the estimate of deferred tax assets/liabilities associated with the acquisition and a miscellaneous adjustment to decrease the initial fair value of foreclosed real estate acquired in the transaction based on newly obtained valuations.
[19] This fair value adjustment relates to miscellaneous adjustments to decrease the initial fair value of borrowings.
[20] This fair value adjustment was recorded to adjust the tax liability assumed on the acquisition date based on updated information.
[21] This fair value adjustment related to a change in the estimate of a contingent liability.