First Charter Bank in city_name, state_name - Detailed Financial Reports, Location

First Charter Bank in Charlotte, North Carolina (NC)
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First Charter Bank - Overview

General
FDIC Certificate #: 4886
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: Fifth Third Bank, National Association (#32712)
Federal Reserve ID: 45627
Date Established: July 05, 1888
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 61 (Interstate: No)
OTS Docket #: 10664
FDIC's unique #: 3250
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 07, 2008
Last Structure Change Process Date: June 16, 2008
Last Data Update: June 16, 2008
Data Source Date: April 05, 2012
Location
Address: 10200 David Taylor Drive, Charlotte, NC 28262
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: $4,787.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)

Dollar figures in thousands
1,082Total employees (full-time equivalent)
$4,854,243Total assets
$91,271Cash and due from depository institutions
$5,709Interest-bearing balances
$859,155Securities
$10,926Federal funds sold & reverse repurchase agreements
$3,474,737Net loans & leases
$42,414Loan loss allowance
$0Trading account assets
$108,709Bank premises and fixed assets
$10,056Other real estate owned
$84,254Goodwill and other intangibles
$97,096Life insurance assets
$215,135All other assets
$4,854,243Total liabilities and capital
$4,354,921Total liabilities
$3,305,637Total deposits
$3,131,217Interest-bearing deposits
$3,305,637Deposits held in domestic offices
0.00%% insured (estimated)
$268,233Federal funds purchased & repurchase agreements
$0Trading liabilities
$725,871Other borrowed funds
$0Subordinated debt
$55,180All other liabilities
$499,322Total equity capital
$499,322Total bank equity capital
$499,322Perpetual preferred stock
$0Common stock
$5,665Surplus
$276,739Undivided profits
Memoranda
$216,918Noncurrent loans and leases
$1,398,077Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$28,694Earning assets
$0Long-term assets (5+ years)
$24,388Average Assets, year-to-date
$4,350,527Average Assets, quarterly
$1,117,655Volatile liabilities
$4,867,625Insider loans
$4,844,117FHLB advances
$1,140,225Loans and leases held for sale
$5,199Unused loan commitments
$725,871Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,145Total risk weighted assets
$1,398,077Total unused commitments
$0Restructured Loans and leases
$42,414Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$309,787Total interest income
$157,787Total interest expense
$152,000Net interest income
$19,945Provision for loan and lease losses
$78,297Total noninterest income
$3,496Fiduciary activities
$30,893Service charges on deposit accounts
$50Trading account gains & fees
$43,858Additional noninterest income
$142,001Total noninterest expense
$79,360Salaries and employee benefits
$17,528Premises and equipment expense
$45,113Additional noninterest expense
$68,351Pre-tax net operating income
-$145Securities gains (losses)
$23,251Applicable income taxes
$44,955Income before extraordinary items
$0Extraordinary gains - net
$44,955Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$12,497Sale, conversion, retirement of capital stock, net
$28,000Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
3.62%Cost of funding earning assets
3.49%Net interest margin
1.80%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
0.93%Net operating income to assets
0.92%Return on assets (ROA)
1.40%Pretax return on assets
9.27%Return on equity (ROE)
3.50%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
159.60%Credit loss provision to net charge-offs
7.07%Efficiency ratio
61,183Assets per employee
4.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.28%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
147.81%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
0.82%Net loans and leases to deposits
105.12%Net loans and leases to core deposits
129.94%Equity capital to assets
10.29%Core capital (leverage) ratio
8.83%Tier 1 risk-based capital ratio
10.47%Total risk-based capital ratio
Memoranda
$12Average assets
$4,867,625Average earning assets
$484,942Average equity
$4,352,768Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$392,275Managed Assets
1Number of Accounts
$299,318Personal trust and agency accounts
$132,599Employee benefit-defined contribution accounts
$2,062Employee benefit-defined benefit accounts
$0Other retirement accounts
$16,392Corporate trust and agency accounts
$0Investment management agency accounts
$148,265Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
420Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$92,957Other retirement accounts
$2,502Corporate trust and agency accounts
$89,679Other fiduciary accounts
$10Fiduciary accounts held in foreign offices

First Charter Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Charter Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

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

First Charter Bank in Charlotte, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Charter Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

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

First Charter Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches