Lincoln Bank of North Carolina in city_name, state_name - Detailed Financial Reports, Location

Lincoln Bank of North Carolina in Lincolnton, North Carolina (NC)
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Lincoln Bank of North Carolina - Overview

General
FDIC Certificate #: 24505
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Charter Bank (#4886)
Federal Reserve ID: 498429
Date Established: June 08, 1983
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 22 (Interstate: No)
FDIC's unique #: 17032
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: June 08, 1983
Last Structure Change Effective Date: June 15, 2000
Last Structure Change Process Date: July 26, 2000
Last Data Update: July 26, 2000
Data Source Date: April 05, 2012
Location
Address: 402 East Main Street, Lincolnton, NC 28092
County: Lincoln
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): Lincolnton, NC (#30740)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $507.6 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
119Total employees (full-time equivalent)
$502,448Total assets
$21,612Cash and due from depository institutions
$0Interest-bearing balances
$114,294Securities
$0Federal funds sold & reverse repurchase agreements
$348,987Net loans & leases
$5,049Loan loss allowance
$0Trading account assets
$7,438Bank premises and fixed assets
$78Other real estate owned
$1,177Goodwill and other intangibles
$0Life insurance assets
$8,862All other assets
$502,448Total liabilities and capital
$461,994Total liabilities
$428,331Total deposits
$367,526Interest-bearing deposits
$428,331Deposits held in domestic offices
0.00%% insured (estimated)
$30,977Federal funds purchased & repurchase agreements
$0Trading liabilities
$69Other borrowed funds
$0Subordinated debt
$2,617All other liabilities
$40,454Total equity capital
$40,454Total bank equity capital
$40,454Perpetual preferred stock
$0Common stock
$150Surplus
$7,482Undivided profits
Memoranda
$32,822Noncurrent loans and leases
$103,289Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,681Earning assets
$0Long-term assets (5+ years)
$1,992Average Assets, year-to-date
$463,281Average Assets, quarterly
$122,656Volatile liabilities
$476,930Insider loans
$494,598FHLB advances
$82,334Loans and leases held for sale
$3,759Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$103,289Total unused commitments
$0Restructured Loans and leases
$4,620Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$36,919Total interest income
$14,090Total interest expense
$22,829Net interest income
$1,155Provision for loan and lease losses
$4,820Total noninterest income
$261Fiduciary activities
$2,768Service charges on deposit accounts
$0Trading account gains & fees
$1,791Additional noninterest income
$15,331Total noninterest expense
$7,478Salaries and employee benefits
$2,460Premises and equipment expense
$5,393Additional noninterest expense
$11,163Pre-tax net operating income
-$70Securities gains (losses)
$2,864Applicable income taxes
$8,229Income before extraordinary items
$0Extraordinary gains - net
$8,229Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$309Sale, conversion, retirement of capital stock, net
$915Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.31%Yield on earning assets
3.17%Cost of funding earning assets
5.14%Net interest margin
1.09%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
1.74%Net operating income to assets
1.73%Return on assets (ROA)
2.33%Pretax return on assets
21.88%Return on equity (ROE)
19.44%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
373.79%Credit loss provision to net charge-offs
39.86%Efficiency ratio
55,076Assets per employee
4.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.12%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
300.36%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.47%Net loans and leases to deposits
81.48%Net loans and leases to core deposits
92.58%Equity capital to assets
8.05%Core capital (leverage) ratio
8.43%Tier 1 risk-based capital ratio
11.03%Total risk-based capital ratio
Memoranda
$12Average assets
$476,930Average earning assets
$37,614Average equity
$444,080Average loans

Lincoln Bank of North Carolina in Lincolnton, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Lincoln Bank of North Carolina - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

Lincoln Bank of North Carolina in Lincolnton, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

Lincoln Bank of North Carolina - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

Lincoln Bank of North Carolina in Lincolnton, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches