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

First Commercial Bank in Asheville, North Carolina (NC)
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First Commercial Bank - Overview

General
FDIC Certificate #: 24427
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 215028
Date Established: April 13, 1983
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 16986
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: April 13, 1983
Last Structure Change Effective Date: Febuary 28, 1996
Last Structure Change Process Date: March 21, 1996
Last Data Update: March 21, 1996
Data Source Date: April 05, 2012
Location
Address: 8 O'henry Avenue, Asheville, NC 28802
County: Buncombe
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): Asheville, NC (#480)
Combined Statistical Area (CSA): Asheville-Brevard, NC (#120)
Core Based Statistical Area (CBSA): Asheville, NC (#11700)
CBSA Metro Statistical Area: Asheville, NC (#11700)
Financial Summary
Total assets: $177.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$81Total assets
$177,071Cash and due from depository institutions
$16,249Interest-bearing balances
$4,977Securities
$34,416Federal funds sold & reverse repurchase agreements
$500Net loans & leases
$119,882Loan loss allowance
$1,827Trading account assets
$0Bank premises and fixed assets
$3,366Other real estate owned
$191Goodwill and other intangibles
$2,414Life insurance assets
$53All other assets
$0Total liabilities and capital
$177,071Total liabilities
$159,494Total deposits
$146,461Interest-bearing deposits
$115,578Deposits held in domestic offices
146461.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$10,998Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,035Total equity capital
$2,035Total bank equity capital
$17,577Perpetual preferred stock
$0Common stock
$2,942Surplus
$3,807Undivided profits
Memoranda
$10,828Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$728Income earned, not collected on loans
$686Earning assets
$159,775Long-term assets (5+ years)
$10,977Average Assets, year-to-date
$170,446Average Assets, quarterly
$175,862Volatile liabilities
$27,990Insider loans
$8,664FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$18,532Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$17,534Total risk weighted assets
$133,339Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$14,340Total interest expense
$5,424Net interest income
$8,916Provision for loan and lease losses
$308Total noninterest income
$1,579Fiduciary activities
$31Service charges on deposit accounts
$1,201Trading account gains & fees
$0Additional noninterest income
$347Total noninterest expense
$6,964Salaries and employee benefits
$3,122Premises and equipment expense
$796Additional noninterest expense
$3,046Pre-tax net operating income
$3,223Securities gains (losses)
$0Applicable income taxes
$1,407Income before extraordinary items
$1,816Extraordinary gains - net
$0Net income attributable to bank
$1,816Net charge-offs
$248Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.28%Cost of funding earning assets
3.51%Net interest margin
5.77%Noninterest income to earning assets
1.02%Noninterest expense to earning assets
4.51%Net operating income to assets
1.07%Return on assets (ROA)
1.07%Pretax return on assets
1.89%Return on equity (ROE)
10.68%Retained earnings to average equity (YTD only)
10.68%Net charge-offs to loans
0.21%Credit loss provision to net charge-offs
124.19%Efficiency ratio
65,927Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
250.96%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.60%Net loans and leases to deposits
81.85%Net loans and leases to core deposits
92.60%Equity capital to assets
9.93%Core capital (leverage) ratio
9.84%Tier 1 risk-based capital ratio
13.15%Total risk-based capital ratio
Memoranda
$14Average assets
$170,446Average earning assets
$17,001Average equity
$154,572Average loans

First Commercial Bank in Asheville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

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First Commercial Bank in Asheville, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

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

First Commercial Bank in Asheville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches