FDIC Certificate #: 34452 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Capital Bank, National Association (#59049) Federal Reserve ID: 2532662 Date Established: June 20, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 32 (Interstate: No) OTS Docket #: 14632 FDIC's unique #: 57216 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: June 20, 1997 Last Structure Change Effective Date: June 30, 2011 Last Structure Change Process Date: July 12, 2011 Last Data Update: July 12, 2011 Data Source Date: April 05, 2012
Location
Address: 333 Fayetteville Street, Raleigh, NC 27601 County: Wake Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Raleigh Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640) Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450) Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580) CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
Financial Summary
Total assets: $1,703.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
399Total employees (full-time equivalent)
$1,584,730Total assets
$66,744Cash and due from depository institutions
$53,259Interest-bearing balances
$215,625Securities
$0Federal funds sold & reverse repurchase agreements
$1,225,410Net loans & leases
$36,061Loan loss allowance
$0Trading account assets
$24,583Bank premises and fixed assets
$18,334Other real estate owned
$1,914Goodwill and other intangibles
$6,972Life insurance assets
$32,120All other assets
$1,584,730Total liabilities and capital
$1,479,452Total liabilities
$1,344,290Total deposits
$1,227,764Interest-bearing deposits
$1,344,290Deposits held in domestic offices
89.89%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$121,000Other borrowed funds
$3,393Subordinated debt
$10,769All other liabilities
$105,278Total equity capital
$105,278Total bank equity capital
$105,278Perpetual preferred stock
$41,279Common stock
$13,966Surplus
$99,453Undivided profits
Memoranda
$-49,420Noncurrent loans and leases
$170,611Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$71,946Earning assets
$0Long-term assets (5+ years)
$5,158Average Assets, year-to-date
$1,494,294Average Assets, quarterly
$357,328Volatile liabilities
$1,679,452Insider loans
$1,616,636FHLB advances
$405,259Loans and leases held for sale
$67,990Unused loan commitments
$71,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,993Total risk weighted assets
$170,611Total unused commitments
$4,463Restructured Loans and leases
$20,067Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$77,961Total interest income
$25,902Total interest expense
$52,059Net interest income
$58,545Provision for loan and lease losses
$6,830Total noninterest income
$0Fiduciary activities
$2,907Service charges on deposit accounts
$0Trading account gains & fees
$3,923Additional noninterest income
$51,843Total noninterest expense
$22,675Salaries and employee benefits
$8,798Premises and equipment expense
$20,370Additional noninterest expense
-$51,499Pre-tax net operating income
$6,086Securities gains (losses)
$14,104Applicable income taxes
-$59,517Income before extraordinary items
$0Extraordinary gains - net
-$59,517Net income attributable to bank
$0Net charge-offs
-$59,517Cash dividends
$48,565Sale, conversion, retirement of capital stock, net
$4,064Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.00%Yield on earning assets
1.66%Cost of funding earning assets
3.34%Net interest margin
0.44%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
-3.91%Net operating income to assets
-3.54%Return on assets (ROA)
-2.70%Pretax return on assets
-40.24%Return on equity (ROE)
-42.99%Retained earnings to average equity (YTD only)
3.62%Net charge-offs to loans
120.55%Credit loss provision to net charge-offs
0.15%Efficiency ratio
86,444Assets per employee
3.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
-6.83%Loss allowance to loans
2.86%Loss allowance to noncurrent loans
50.12%Noncurrent assets plus other real estate owned to assets
5.73%Noncurrent loans to loans
5.70%Net loans and leases to deposits
91.16%Net loans and leases to core deposits
123.77%Equity capital to assets
6.64%Core capital (leverage) ratio
6.37%Tier 1 risk-based capital ratio
7.97%Total risk-based capital ratio
Memoranda
$10Average assets
$1,679,452Average earning assets
$147,902Average equity
$1,560,067Average loans
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