Crown National Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 07, 1993

  • Crown National Bank in Charlotte, North Carolina (NC)
  • Show street view No street view available for this location

Crown National Bank - Overview

  • General
  • FDIC Certificate #: 32731
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Lincoln Bank of North Carolina (#24505)
    Federal Reserve ID: 1421228
    Date Established: December 14, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 45595
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 14, 1989
    Last Structure Change Effective Date: May 07, 1993
    Last Structure Change Process Date: May 11, 1993
    Last Data Update: May 11, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 4500 Cameron Valley Parkway, Charlotte, NC 28211
    County: Mecklenburg
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $26.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $17Total assets
  • $25,103Cash and due from depository institutions
  • $2,499Interest-bearing balances
  • $5Securities
  • $4,568Federal funds sold & reverse repurchase agreements
  • $2,375Net loans & leases
  • $12,053Loan loss allowance
  • $980Trading account assets
  • $0Bank premises and fixed assets
  • $399Other real estate owned
  • $2,965Goodwill and other intangibles
  • $205Life insurance assets
  • $39All other assets
  • $0Total liabilities and capital
  • $25,103Total liabilities
  • $23,351Total deposits
  • $23,183Interest-bearing deposits
  • $19,306Deposits held in domestic offices
  • 23183.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $168Total equity capital
  • $168Total bank equity capital
  • $1,752Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $3,750Undivided profits
  • Memoranda
  • $-4,998Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $935Income earned, not collected on loans
  • $92Earning assets
  • $19,001Long-term assets (5+ years)
  • $828Average Assets, year-to-date
  • $25,108Average Assets, quarterly
  • $24,730Volatile liabilities
  • $4,857Insider loans
  • $108FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,149Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,713Total risk weighted assets
  • $16,565Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,585Total interest expense
  • $1,111Net interest income
  • $474Provision for loan and lease losses
  • $10Total noninterest income
  • $83Fiduciary activities
  • $0Service charges on deposit accounts
  • $68Trading account gains & fees
  • $0Additional noninterest income
  • $15Total noninterest expense
  • $1,921Salaries and employee benefits
  • $620Premises and equipment expense
  • $472Additional noninterest expense
  • $829Pre-tax net operating income
  • -$1,374Securities gains (losses)
  • $13Applicable income taxes
  • $0Income before extraordinary items
  • -$1,361Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,361Net charge-offs
  • $680Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.76%Cost of funding earning assets
  • 5.44%Net interest margin
  • 2.32%Noninterest income to earning assets
  • 0.41%Noninterest expense to earning assets
  • 9.40%Net operating income to assets
  • -5.47%Return on assets (ROA)
  • -5.42%Pretax return on assets
  • -5.42%Return on equity (ROE)
  • -67.75%Retained earnings to average equity (YTD only)
  • -67.75%Net charge-offs to loans
  • 4.32%Credit loss provision to net charge-offs
  • 1.47%Efficiency ratio
  • 341,293Assets per employee
  • 1.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.52%Loss allowance to noncurrent loans
  • 104.81%Noncurrent assets plus other real estate owned to assets
  • 15.54%Noncurrent loans to loans
  • 7.17%Net loans and leases to deposits
  • 51.99%Net loans and leases to core deposits
  • 65.77%Equity capital to assets
  • 6.98%Core capital (leverage) ratio
  • 7.15%Tier 1 risk-based capital ratio
  • 10.34%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $25,108Average earning assets
  • $2,009Average equity
  • $20,432Average loans

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