FIRST BANCORP N C

Ticker: FBNC CUSIP: 318910106 Class: Common Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 21,820 Value ($000) $403 Avg Close $14.03 Range $12.54 - $15.27

Q3 2014

Shares 21,820 Value ($000) $350 Avg Close $13.60 Range $12.73 - $15.10

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	21,820	$403	$14.03	$12.54 - $15.27
Q3 2014	21,820	$350	$13.60	$12.73 - $15.10