Community Bank & Trust Co. in Rutherfordton, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 18, 2000

Community Bank & Trust Co. in Rutherfordton, North Carolina (NC)
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Community Bank & Trust Co. - Overview

General
FDIC Certificate #: 27108
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Charter Bank (#4886)
Federal Reserve ID: 1160460
Date Established: November 27, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 38793
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: November 27, 1987
Last Structure Change Effective Date: May 18, 2000
Last Structure Change Process Date: May 31, 2000
Last Data Update: May 31, 2000
Data Source Date: April 05, 2012
Location
Address: 215 South Main Street, Rutherfordton, NC 28139
County: Rutherford
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
Core Based Statistical Area (CBSA): Forest City, NC (#22580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $112.6 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
42Total employees (full-time equivalent)
$111,845Total assets
$6,433Cash and due from depository institutions
$0Interest-bearing balances
$41,225Securities
$0Federal funds sold & reverse repurchase agreements
$56,879Net loans & leases
$758Loan loss allowance
$0Trading account assets
$3,149Bank premises and fixed assets
$140Other real estate owned
$2,254Goodwill and other intangibles
$0Life insurance assets
$1,765All other assets
$111,845Total liabilities and capital
$102,657Total liabilities
$96,503Total deposits
$78,774Interest-bearing deposits
$96,503Deposits held in domestic offices
0.00%% insured (estimated)
$4,849Federal funds purchased & repurchase agreements
$0Trading liabilities
$535Other borrowed funds
$0Subordinated debt
$770All other liabilities
$9,188Total equity capital
$9,188Total bank equity capital
$9,188Perpetual preferred stock
$0Common stock
$3,370Surplus
$5,003Undivided profits
Memoranda
$815Noncurrent loans and leases
$9,769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$839Earning assets
$0Long-term assets (5+ years)
$312Average Assets, year-to-date
$98,104Average Assets, quarterly
$47,472Volatile liabilities
$113,852Insider loans
$113,765FHLB advances
$18,248Loans and leases held for sale
$1,044Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,769Total unused commitments
$0Restructured Loans and leases
$758Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$7,729Total interest income
$3,299Total interest expense
$4,430Net interest income
$0Provision for loan and lease losses
$1,189Total noninterest income
$0Fiduciary activities
$992Service charges on deposit accounts
$0Trading account gains & fees
$197Additional noninterest income
$4,576Total noninterest expense
$2,104Salaries and employee benefits
$875Premises and equipment expense
$1,597Additional noninterest expense
$1,043Pre-tax net operating income
-$128Securities gains (losses)
$223Applicable income taxes
$692Income before extraordinary items
$0Extraordinary gains - net
$692Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$53Sale, conversion, retirement of capital stock, net
$225Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.80%Yield on earning assets
3.33%Cost of funding earning assets
4.47%Net interest margin
1.20%Noninterest income to earning assets
4.62%Noninterest expense to earning assets
0.69%Net operating income to assets
0.61%Return on assets (ROA)
0.80%Pretax return on assets
7.41%Return on equity (ROE)
5.00%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
19.68%Efficiency ratio
75,939Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.51%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
90.35%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
1.46%Net loans and leases to deposits
58.94%Net loans and leases to core deposits
68.01%Equity capital to assets
8.21%Core capital (leverage) ratio
6.62%Tier 1 risk-based capital ratio
12.14%Total risk-based capital ratio
Memoranda
$13Average assets
$113,852Average earning assets
$9,343Average equity
$99,125Average loans

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