Centennial Bank in Southern Pines, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 30, 2003

Centennial Bank in Southern Pines, North Carolina (NC)
Show street view No street view available for this location

Centennial Bank - Overview

General
FDIC Certificate #: 35283
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Crescent State Bank (#35006)
Federal Reserve ID: 2876290
Date Established: January 24, 2000
WWW: http://www.centennialbankonline.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 77672
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 24, 2000
Last Structure Change Effective Date: August 30, 2003
Last Structure Change Process Date: September 17, 2003
Last Data Update: September 17, 2003
Data Source Date: April 05, 2012
Location
Address: 185 West Morganton Road, Southern Pines, NC 28387
County: Moore
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
Core Based Statistical Area (CBSA): Southern Pines-Pinehurst, NC (#43860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.0 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, 2002)

Dollar figures in thousands
19Total employees (full-time equivalent)
$58,394Total assets
$1,228Cash and due from depository institutions
$10Interest-bearing balances
$3,958Securities
$1,007Federal funds sold & reverse repurchase agreements
$50,836Net loans & leases
$672Loan loss allowance
$0Trading account assets
$523Bank premises and fixed assets
$109Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$733All other assets
$58,394Total liabilities and capital
$53,041Total liabilities
$49,958Total deposits
$46,676Interest-bearing deposits
$49,958Deposits held in domestic offices
0.00%% insured (estimated)
$747Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$336All other liabilities
$5,353Total equity capital
$5,353Total bank equity capital
$5,353Perpetual preferred stock
$0Common stock
$3,055Surplus
$3,986Undivided profits
Memoranda
$-1,688Noncurrent loans and leases
$4,769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$64Earning assets
$0Long-term assets (5+ years)
$224Average Assets, year-to-date
$55,811Average Assets, quarterly
$6,974Volatile liabilities
$57,547Insider loans
$59,791FHLB advances
$9,932Loans and leases held for sale
$457Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,769Total unused commitments
$0Restructured Loans and leases
$595Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$3,787Total interest income
$1,509Total interest expense
$2,278Net interest income
$390Provision for loan and lease losses
$511Total noninterest income
$0Fiduciary activities
$111Service charges on deposit accounts
$0Trading account gains & fees
$400Additional noninterest income
$2,265Total noninterest expense
$1,138Salaries and employee benefits
$401Premises and equipment expense
$726Additional noninterest expense
$134Pre-tax net operating income
$10Securities gains (losses)
$0Applicable income taxes
$144Income before extraordinary items
$0Extraordinary gains - net
$144Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$330Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.90%Yield on earning assets
2.75%Cost of funding earning assets
4.15%Net interest margin
0.93%Noninterest income to earning assets
4.13%Noninterest expense to earning assets
0.23%Net operating income to assets
0.25%Return on assets (ROA)
0.25%Pretax return on assets
2.76%Return on equity (ROE)
2.76%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
118.18%Credit loss provision to net charge-offs
1.59%Efficiency ratio
81,212Assets per employee
3.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
1050.00%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.12%Net loans and leases to deposits
101.76%Net loans and leases to core deposits
124.68%Equity capital to assets
9.17%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
10.95%Total risk-based capital ratio
Memoranda
$12Average assets
$57,547Average earning assets
$5,209Average equity
$54,906Average 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 Centennial 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.