Central State Bank in city_name, state_name - Detailed Financial Reports, Location

Central State Bank in High Point, North Carolina (NC)
Show street view No street view available for this location

Central State Bank - Overview

General
FDIC Certificate #: 9856
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank (#15019)
Federal Reserve ID: 542023
Date Established: March 18, 1926
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 6304
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 01, 1934
Last Structure Change Effective Date: August 26, 1994
Last Structure Change Process Date: September 21, 1994
Last Data Update: September 21, 1994
Data Source Date: April 05, 2012
Location
Address: 1200 North Main Street, High Point, NC 27262
County: Guilford
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): Greensboro--Winston-Salem--High Point, NC (#3120)
Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
Financial Summary
Total assets: $36.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$36,917Cash and due from depository institutions
$5,664Interest-bearing balances
$4,350Securities
$506Federal funds sold & reverse repurchase agreements
$1,209Net loans & leases
$26,799Loan loss allowance
$510Trading account assets
$0Bank premises and fixed assets
$1,501Other real estate owned
$178Goodwill and other intangibles
$1,060Life insurance assets
$0All other assets
$0Total liabilities and capital
$36,917Total liabilities
$33,424Total deposits
$32,646Interest-bearing deposits
$25,345Deposits held in domestic offices
32646.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$321Subordinated debt
$0All other liabilities
$457Total equity capital
$457Total bank equity capital
$3,493Perpetual preferred stock
$0Common stock
$325Surplus
$1,291Undivided profits
Memoranda
$1,877Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$323Income earned, not collected on loans
$129Earning assets
$32,864Long-term assets (5+ years)
$7,836Average Assets, year-to-date
$35,685Average Assets, quarterly
$36,202Volatile liabilities
$3,449Insider loans
$910FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,596Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,493Total risk weighted assets
$26,418Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$3,185Total interest expense
$894Net interest income
$2,291Provision for loan and lease losses
$156Total noninterest income
$305Fiduciary activities
$0Service charges on deposit accounts
$219Trading account gains & fees
$0Additional noninterest income
$86Total noninterest expense
$1,861Salaries and employee benefits
$1,120Premises and equipment expense
$289Additional noninterest expense
$452Pre-tax net operating income
$579Securities gains (losses)
$0Applicable income taxes
$233Income before extraordinary items
$346Extraordinary gains - net
$0Net income attributable to bank
$346Net charge-offs
$75Cash dividends
$143Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
10.03%Cost of funding earning assets
2.82%Net interest margin
7.22%Noninterest income to earning assets
0.96%Noninterest expense to earning assets
5.86%Net operating income to assets
0.97%Return on assets (ROA)
0.97%Pretax return on assets
1.62%Return on equity (ROE)
10.04%Retained earnings to average equity (YTD only)
5.89%Net charge-offs to loans
0.29%Credit loss provision to net charge-offs
208.00%Efficiency ratio
71,687Assets per employee
1.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.33%Loss allowance to loans
1.87%Loss allowance to noncurrent loans
157.89%Noncurrent assets plus other real estate owned to assets
1.36%Noncurrent loans to loans
1.18%Net loans and leases to deposits
82.09%Net loans and leases to core deposits
90.79%Equity capital to assets
9.46%Core capital (leverage) ratio
9.56%Tier 1 risk-based capital ratio
13.22%Total risk-based capital ratio
Memoranda
$14Average assets
$35,685Average earning assets
$3,445Average equity
$31,753Average loans

Central State Bank in High Point, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Central State Bank - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

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

Central State Bank in High Point, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

Central State Bank - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

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

Central State Bank in High Point, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches