FDIC Certificate #: 58475 Status: Active Federal Reserve ID: 3549256 Bank Holding Company (Regulatory Top Holder): Keysource Financial, Inc. (RSSDID: 3975743, Location: Durham, NC) Date Established: March 19, 2007 WWW:http://www.keysourcebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 453047 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 19, 2007 Last Structure Change Effective Date: May 19, 2008 Last Structure Change Process Date: June 26, 2008 Last Data Update: June 26, 2008 Data Source Date: April 05, 2012
Location
Address: 280 South Mangum Street, Durham, NC 27701 County: Durham 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)
History of Changes
Change in Location
Financial Summary
Total assets: $196.4 mil Equity capital: $22.5 mil Deposits held in domestic offices: $154.1 mil Return on assets (ROA): 0.23% ($0.5 mil) Quarterly return on assets: 0.40% ($0.8 mil) Return on Equity (ROE): 2.31% ($0.5 mil) Quarterly return on equity: 3.55% ($0.8 mil) Net income: $0.5 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.42% ($824.9 mil) Quarterly Pretax return on assets: 0.64% ($1,256.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
28Total employees (full-time equivalent)
$196,393Total assets
$21,960Cash and due from depository institutions
$16,211Interest-bearing balances
$16,893Securities
$0Federal funds sold & reverse repurchase agreements
$151,169Net loans & leases
$2,343Loan loss allowance
$0Trading account assets
$741Bank premises and fixed assets
$506Other real estate owned
$0Goodwill and other intangibles
$196,393Life insurance assets
$5,124All other assets
$173,881Total liabilities and capital
$154,103Total liabilities
$140,172Total deposits
$154,103Interest-bearing deposits
$88Deposits held in domestic offices
796.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$14,000Trading liabilities
$3,564Other borrowed funds
$1,418Subordinated debt
$22,512All other liabilities
$22,512Total equity capital
$22,512Total bank equity capital
$0Perpetual preferred stock
$8,611Common stock
$13,982Surplus
$-81Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$10,850Income earned, not collected on loans
$0Earning assets
$552Long-term assets (5+ years)
$184,273Average Assets, year-to-date
$16,483Average Assets, quarterly
$212,457Volatile liabilities
$201,094Insider loans
$158,324FHLB advances
$202,238Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$22,365Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$19,999Restructured Loans and leases
$4,796Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$9,672Total interest income
$3,067Total interest expense
$6,605Net interest income
$1,428Provision for loan and lease losses
$1,623Total noninterest income
$0Fiduciary activities
$199Service charges on deposit accounts
$0Trading account gains & fees
$1,424Additional noninterest income
$5,773Total noninterest expense
$3,099Salaries and employee benefits
$620Premises and equipment expense
$2,054Additional noninterest expense
$1,027Pre-tax net operating income
-$139Securities gains (losses)
$400Applicable income taxes
$488Income before extraordinary items
$0Extraordinary gains - net
$488Net income attributable to bank
$0Net charge-offs
$488Cash dividends
$1,775Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.78%Yield on earning assets
1.52%Cost of funding earning assets
3.26%Net interest margin
0.80%Noninterest income to earning assets
2.85%Noninterest expense to earning assets
0.27%Net operating income to assets
0.23%Return on assets (ROA)
0.42%Pretax return on assets
2.31%Return on equity (ROE)
2.31%Retained earnings to average equity (YTD only)
1.08%Net charge-offs to loans
80.45%Credit loss provision to net charge-offs
1.38%Efficiency ratio
70,163Assets per employee
7.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
21.59%Noncurrent assets plus other real estate owned to assets
5.78%Noncurrent loans to loans
7.07%Net loans and leases to deposits
98.10%Net loans and leases to core deposits
160.22%Equity capital to assets
11.46%Core capital (leverage) ratio
11.06%Tier 1 risk-based capital ratio
14.13%Total risk-based capital ratio
Memoranda
$18Average assets
$212,457Average earning assets
$21,081Average equity
$202,306Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
453047
Keysource Commercial Bank
280 South Mangum Street, Durham, NC 27701
March 19, 2007
Full Service Brick and Mortar
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