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

First Community Bank in Gastonia, North Carolina (NC)
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First Community Bank - Overview

General
FDIC Certificate #: 27049
Status: Inactive
Closing history: Office Sold
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 527422
Date Established: September 15, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 38561
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: September 15, 1987
Last Structure Change Effective Date: August 19, 1996
Last Structure Change Process Date: September 12, 1996
Last Data Update: September 12, 1996
Data Source Date: April 05, 2012
Location
Address: 100 East Garrison Boulevard, Gastonia, NC 28052
County: Gaston
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)
History of Changes
Merger - Without Assistance
Corrections
Office Sold
Financial Summary
Total assets: $123.3 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)
$65Total assets
$117,652Cash and due from depository institutions
$3,725Interest-bearing balances
$0Securities
$27,950Federal funds sold & reverse repurchase agreements
$5,025Net loans & leases
$76,443Loan loss allowance
$1,320Trading account assets
$0Bank premises and fixed assets
$2,384Other real estate owned
$0Goodwill and other intangibles
$2,125Life insurance assets
$0All other assets
$0Total liabilities and capital
$117,652Total liabilities
$105,989Total deposits
$99,322Interest-bearing deposits
$85,952Deposits held in domestic offices
99322.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$6,022Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$645Total equity capital
$645Total bank equity capital
$11,663Perpetual preferred stock
$0Common stock
$3,205Surplus
$4,186Undivided profits
Memoranda
$4,272Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$783Income earned, not collected on loans
$500Earning assets
$109,418Long-term assets (5+ years)
$2,747Average Assets, year-to-date
$109,834Average Assets, quarterly
$115,004Volatile liabilities
$12,404Insider loans
$3,702FHLB advances
$0Loans and leases held for sale
$324Unused loan commitments
$18,362Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,712Total risk weighted assets
$87,506Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$9,178Total interest expense
$4,059Net interest income
$5,119Provision for loan and lease losses
$577Total noninterest income
$754Fiduciary activities
$0Service charges on deposit accounts
$462Trading account gains & fees
$0Additional noninterest income
$292Total noninterest expense
$3,410Salaries and employee benefits
$2,050Premises and equipment expense
$415Additional noninterest expense
$945Pre-tax net operating income
$1,886Securities gains (losses)
$0Applicable income taxes
$542Income before extraordinary items
$1,344Extraordinary gains - net
$0Net income attributable to bank
$1,344Net charge-offs
$382Cash dividends
$161Sale, conversion, retirement of capital stock, net
$94Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.99%Cost of funding earning assets
3.97%Net interest margin
5.01%Noninterest income to earning assets
0.74%Noninterest expense to earning assets
3.34%Net operating income to assets
1.22%Return on assets (ROA)
1.22%Pretax return on assets
1.72%Return on equity (ROE)
12.41%Retained earnings to average equity (YTD only)
10.92%Net charge-offs to loans
0.53%Credit loss provision to net charge-offs
151.05%Efficiency ratio
58,062Assets per employee
1.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.98%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
168.58%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
1.01%Net loans and leases to deposits
76.96%Net loans and leases to core deposits
82.25%Equity capital to assets
9.91%Core capital (leverage) ratio
10.16%Tier 1 risk-based capital ratio
13.38%Total risk-based capital ratio
Memoranda
$15Average assets
$109,834Average earning assets
$10,833Average equity
$102,136Average loans

First Community Bank in Gastonia, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community 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 Community Bank in Gastonia, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Community 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 Community Bank in Gastonia, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches