FDIC Certificate #: 34472 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Capital Bank (#34452) Federal Reserve ID: 2605511 Date Established: August 25, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 57663 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: August 25, 1997 Last Structure Change Effective Date: December 06, 2002 Last Structure Change Process Date: January 24, 2003 Last Data Update: January 24, 2003 Data Source Date: April 05, 2012
Location
Address: 1310 Hendersonville Road, Asheville, NC 28803 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: $161.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
49Total employees (full-time equivalent)
$162,007Total assets
$8,504Cash and due from depository institutions
$2,626Interest-bearing balances
$18,580Securities
$5,457Federal funds sold & reverse repurchase agreements
$122,435Net loans & leases
$1,626Loan loss allowance
$0Trading account assets
$3,014Bank premises and fixed assets
$707Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,310All other assets
$162,007Total liabilities and capital
$147,069Total liabilities
$135,525Total deposits
$126,236Interest-bearing deposits
$135,525Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$544All other liabilities
$14,938Total equity capital
$14,938Total bank equity capital
$14,938Perpetual preferred stock
$0Common stock
$8,742Surplus
$8,268Undivided profits
Memoranda
$-2,072Noncurrent loans and leases
$21,757Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$401Earning assets
$0Long-term assets (5+ years)
$771Average Assets, year-to-date
$149,098Average Assets, quarterly
$30,995Volatile liabilities
$160,739Insider loans
$165,082FHLB advances
$55,948Loans and leases held for sale
$6,943Unused loan commitments
$11,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,757Total unused commitments
$0Restructured Loans and leases
$1,626Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$11,159Total interest income
$6,677Total interest expense
$4,482Net interest income
$180Provision for loan and lease losses
$789Total noninterest income
$0Fiduciary activities
$197Service charges on deposit accounts
$0Trading account gains & fees
$592Additional noninterest income
$5,184Total noninterest expense
$2,313Salaries and employee benefits
$964Premises and equipment expense
$1,905Additional noninterest expense
-$93Pre-tax net operating income
$234Securities gains (losses)
$94Applicable income taxes
$49Income before extraordinary items
$0Extraordinary gains - net
$49Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$277Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.47%Yield on earning assets
4.47%Cost of funding earning assets
3.00%Net interest margin
0.53%Noninterest income to earning assets
3.47%Noninterest expense to earning assets
-0.06%Net operating income to assets
0.03%Return on assets (ROA)
0.09%Pretax return on assets
0.32%Return on equity (ROE)
0.32%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
64.98%Credit loss provision to net charge-offs
0.31%Efficiency ratio
98,349Assets per employee
3.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
405.49%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.32%Net loans and leases to deposits
90.34%Net loans and leases to core deposits
153.86%Equity capital to assets
9.22%Core capital (leverage) ratio
7.99%Tier 1 risk-based capital ratio
9.74%Total risk-based capital ratio
Memoranda
$11Average assets
$160,739Average earning assets
$15,204Average equity
$149,327Average loans
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