American Community Bank in Monroe, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 17, 2009

  • American Community Bank in Monroe, North Carolina (NC)
  • Show street view No street view available for this location

American Community Bank - Overview

  • General
  • FDIC Certificate #: 34868
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Yadkin Valley Bank and Trust Company (#19861)
    Federal Reserve ID: 2745743
    Date Established: November 16, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    FDIC's unique #: 61930
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 16, 1998
    Last Structure Change Effective Date: April 17, 2009
    Last Structure Change Process Date: May 19, 2009
    Last Data Update: May 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2593 West Roosevelt Boulevard, Monroe, NC 28110
    County: Union
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $538.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2008)

  • Dollar figures in thousands
  • 118Total employees (full-time equivalent)
  • $532,397Total assets
  • $14,703Cash and due from depository institutions
  • $894Interest-bearing balances
  • $72,126Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $418,368Net loans & leases
  • $9,124Loan loss allowance
  • $0Trading account assets
  • $7,126Bank premises and fixed assets
  • $0Other real estate owned
  • $10,190Goodwill and other intangibles
  • $0Life insurance assets
  • $9,884All other assets
  • $532,397Total liabilities and capital
  • $478,685Total liabilities
  • $433,838Total deposits
  • $384,841Interest-bearing deposits
  • $433,838Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,031Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $27,676Other borrowed funds
  • $0Subordinated debt
  • $2,140All other liabilities
  • $53,712Total equity capital
  • $53,712Total bank equity capital
  • $53,712Perpetual preferred stock
  • $0Common stock
  • $7,460Surplus
  • $29,710Undivided profits
  • Memoranda
  • $16,542Noncurrent loans and leases
  • $76,353Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,039Earning assets
  • $0Long-term assets (5+ years)
  • $2,032Average Assets, year-to-date
  • $491,388Average Assets, quarterly
  • $49,085Volatile liabilities
  • $525,372Insider loans
  • $535,482FHLB advances
  • $198,150Loans and leases held for sale
  • $5,150Unused loan commitments
  • $26,000Tier 1 (core) risk-based capital
  • $45,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $76,353Total unused commitments
  • $745Restructured Loans and leases
  • $5,570Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $30,411Total interest income
  • $14,453Total interest expense
  • $15,958Net interest income
  • $4,999Provision for loan and lease losses
  • $3,089Total noninterest income
  • $0Fiduciary activities
  • $2,317Service charges on deposit accounts
  • $0Trading account gains & fees
  • $772Additional noninterest income
  • $14,844Total noninterest expense
  • $7,298Salaries and employee benefits
  • $2,181Premises and equipment expense
  • $5,365Additional noninterest expense
  • -$796Pre-tax net operating income
  • -$2,881Securities gains (losses)
  • -$1,239Applicable income taxes
  • -$2,438Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,438Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,615Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.30%Yield on earning assets
  • 3.00%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • -0.10%Net operating income to assets
  • -0.46%Return on assets (ROA)
  • -0.70%Pretax return on assets
  • -4.60%Return on equity (ROE)
  • -4.60%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 309.54%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 77,372Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 129.62%Noncurrent assets plus other real estate owned to assets
  • 1.32%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 96.43%Net loans and leases to core deposits
  • 166.87%Equity capital to assets
  • 10.09%Core capital (leverage) ratio
  • 8.03%Tier 1 risk-based capital ratio
  • 9.69%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $525,372Average earning assets
  • $53,017Average equity
  • $482,530Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with American Community Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents