FDIC Certificate #: 30384 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:National Bank of Commerce (#4978) Federal Reserve ID: 267072 Date Established: January 01, 1913 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 5262 FDIC's unique #: 43218 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: May 16, 1949 Last Structure Change Effective Date: June 30, 2000 Last Structure Change Process Date: July 26, 2000 Last Data Update: July 26, 2000 Data Source Date: April 05, 2012
Location
Address: 260 South Churton Street, Hillsborough, NC 27278 County: Orange Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Raleigh Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640) Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450) Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500) CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
Financial Summary
Total assets: $152.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
45Total employees (full-time equivalent)
$149,705Total assets
$6,342Cash and due from depository institutions
$3,417Interest-bearing balances
$28,780Securities
$0Federal funds sold & reverse repurchase agreements
$108,598Net loans & leases
$1,124Loan loss allowance
$0Trading account assets
$3,225Bank premises and fixed assets
$53Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,707All other assets
$149,705Total liabilities and capital
$132,298Total liabilities
$112,223Total deposits
$106,301Interest-bearing deposits
$112,223Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,938Other borrowed funds
$0Subordinated debt
$1,137All other liabilities
$17,407Total equity capital
$17,407Total bank equity capital
$17,407Perpetual preferred stock
$0Common stock
$11,604Surplus
$0Undivided profits
Memoranda
$5,803Noncurrent loans and leases
$16,376Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,208Earning assets
$0Long-term assets (5+ years)
$609Average Assets, year-to-date
$140,795Average Assets, quarterly
$85,919Volatile liabilities
$140,020Insider loans
$145,410FHLB advances
$21,378Loans and leases held for sale
$848Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,802Total risk weighted assets
$16,376Total unused commitments
$0Restructured Loans and leases
$1,037Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$10,503Total interest income
$5,420Total interest expense
$5,083Net interest income
$15Provision for loan and lease losses
$252Total noninterest income
$0Fiduciary activities
$188Service charges on deposit accounts
$0Trading account gains & fees
$64Additional noninterest income
$4,050Total noninterest expense
$2,104Salaries and employee benefits
$486Premises and equipment expense
$1,460Additional noninterest expense
$1,270Pre-tax net operating income
$8Securities gains (losses)
$416Applicable income taxes
$862Income before extraordinary items
$0Extraordinary gains - net
$862Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$80Sale, conversion, retirement of capital stock, net
$1,207Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.87%Yield on earning assets
4.06%Cost of funding earning assets
3.81%Net interest margin
0.19%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
0.61%Net operating income to assets
0.62%Return on assets (ROA)
0.91%Pretax return on assets
4.74%Return on equity (ROE)
-1.90%Retained earnings to average equity (YTD only)
-0.08%Net charge-offs to loans
-18.75%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,914Assets per employee
3.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
140.02%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
93.05%Noncurrent assets plus other real estate owned to assets
0.84%Noncurrent loans to loans
1.10%Net loans and leases to deposits
96.77%Net loans and leases to core deposits
111.26%Equity capital to assets
11.63%Core capital (leverage) ratio
12.27%Tier 1 risk-based capital ratio
21.86%Total risk-based capital ratio
Memoranda
$23Average assets
$140,020Average earning assets
$18,168Average equity
$133,387Average loans
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