FDIC Certificate #: 31012 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank (#15019) Federal Reserve ID: 687371 Date Established: January 01, 1915 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 6255 FDIC's unique #: 43846 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 30, 1958 Last Structure Change Effective Date: September 18, 2001 Last Structure Change Process Date: October 29, 2001 Last Data Update: October 29, 2001 Data Source Date: April 05, 2012
Location
Address: 22 Winston Street, Thomasville, NC 27360 County: Davidson 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): Greensboro--Winston-Salem--High Point, NC (#3120) Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268) Core Based Statistical Area (CBSA): Thomasville-Lexington, NC (#45640) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $105.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
10Total employees (full-time equivalent)
$104,806Total assets
$2,577Cash and due from depository institutions
$971Interest-bearing balances
$9,971Securities
$0Federal funds sold & reverse repurchase agreements
$90,756Net loans & leases
$595Loan loss allowance
$0Trading account assets
$631Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$871All other assets
$104,806Total liabilities and capital
$86,560Total liabilities
$73,195Total deposits
$72,983Interest-bearing deposits
$73,195Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,500Other borrowed funds
$0Subordinated debt
$865All other liabilities
$18,246Total equity capital
$18,246Total bank equity capital
$18,246Perpetual preferred stock
$0Common stock
$10,520Surplus
$0Undivided profits
Memoranda
$7,726Noncurrent loans and leases
$3,134Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$153Earning assets
$0Long-term assets (5+ years)
$427Average Assets, year-to-date
$101,698Average Assets, quarterly
$82,791Volatile liabilities
$99,708Insider loans
$103,566FHLB advances
$30,626Loans and leases held for sale
$1,333Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,134Total unused commitments
$0Restructured Loans and leases
$1,046Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,336Total interest income
$4,242Total interest expense
$3,094Net interest income
$18Provision for loan and lease losses
$31Total noninterest income
$0Fiduciary activities
$24Service charges on deposit accounts
$0Trading account gains & fees
$7Additional noninterest income
$1,830Total noninterest expense
$1,187Salaries and employee benefits
$92Premises and equipment expense
$551Additional noninterest expense
$1,277Pre-tax net operating income
$0Securities gains (losses)
$428Applicable income taxes
$849Income before extraordinary items
$0Extraordinary gains - net
$849Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$208Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.55%Yield on earning assets
4.37%Cost of funding earning assets
3.19%Net interest margin
0.03%Noninterest income to earning assets
1.88%Noninterest expense to earning assets
0.85%Net operating income to assets
0.85%Return on assets (ROA)
1.28%Pretax return on assets
4.79%Return on equity (ROE)
3.62%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,560Assets per employee
10.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.50%Loss allowance to loans
0.65%Loss allowance to noncurrent loans
388.89%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.17%Net loans and leases to deposits
123.99%Net loans and leases to core deposits
164.80%Equity capital to assets
17.41%Core capital (leverage) ratio
16.82%Tier 1 risk-based capital ratio
30.46%Total risk-based capital ratio
Memoranda
$32Average assets
$99,708Average earning assets
$17,721Average equity
$97,126Average loans
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