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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