FDIC Certificate #: 34454 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:American National Bank and Trust Company (#6837) Federal Reserve ID: 2602220 Date Established: August 14, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 57218 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 14, 1997 Last Structure Change Effective Date: July 01, 2011 Last Structure Change Process Date: July 11, 2011 Last Data Update: July 11, 2011 Data Source Date: April 05, 2012
Location
Address: 3101 South Church Street, Burlington, NC 27215 County: Alamance 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): Greensboro--Winston-Salem--High Point, NC (#3120) Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268) Core Based Statistical Area (CBSA): Burlington, NC (#15500) CBSA Metro Statistical Area: Burlington, NC (#15500)
Financial Summary
Total assets: $477.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
78Total employees (full-time equivalent)
$531,535Total assets
$4,307Cash and due from depository institutions
$0Interest-bearing balances
$90,151Securities
$9,400Federal funds sold & reverse repurchase agreements
$393,561Net loans & leases
$9,226Loan loss allowance
$0Trading account assets
$6,534Bank premises and fixed assets
$7,244Other real estate owned
$0Goodwill and other intangibles
$8,514Life insurance assets
$20,338All other assets
$531,535Total liabilities and capital
$483,189Total liabilities
$466,319Total deposits
$458,088Interest-bearing deposits
$466,319Deposits held in domestic offices
56.96%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$1,870All other liabilities
$48,346Total equity capital
$48,346Total bank equity capital
$48,346Perpetual preferred stock
$0Common stock
$20,470Surplus
$11,624Undivided profits
Memoranda
$16,252Noncurrent loans and leases
$54,378Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,079Earning assets
$0Long-term assets (5+ years)
$1,801Average Assets, year-to-date
$493,112Average Assets, quarterly
$72,608Volatile liabilities
$549,887Insider loans
$541,616FHLB advances
$162,530Loans and leases held for sale
$10,155Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,958Total risk weighted assets
$54,378Total unused commitments
$4,014Restructured Loans and leases
$5,288Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$25,726Total interest income
$7,803Total interest expense
$17,923Net interest income
$6,418Provision for loan and lease losses
$1,964Total noninterest income
$0Fiduciary activities
$712Service charges on deposit accounts
$0Trading account gains & fees
$1,252Additional noninterest income
$12,207Total noninterest expense
$5,261Salaries and employee benefits
$1,159Premises and equipment expense
$5,787Additional noninterest expense
$1,262Pre-tax net operating income
$22Securities gains (losses)
-$13Applicable income taxes
$1,297Income before extraordinary items
$0Extraordinary gains - net
$1,297Net income attributable to bank
$0Net charge-offs
$1,297Cash dividends
$4,499Sale, conversion, retirement of capital stock, net
$615Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.07%Yield on earning assets
1.54%Cost of funding earning assets
3.53%Net interest margin
0.39%Noninterest income to earning assets
2.40%Noninterest expense to earning assets
0.23%Net operating income to assets
0.24%Return on assets (ROA)
0.23%Pretax return on assets
2.68%Return on equity (ROE)
1.41%Retained earnings to average equity (YTD only)
1.06%Net charge-offs to loans
142.65%Credit loss provision to net charge-offs
1.71%Efficiency ratio
61,382Assets per employee
6.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
47.42%Loss allowance to loans
2.29%Loss allowance to noncurrent loans
101.62%Noncurrent assets plus other real estate owned to assets
3.07%Noncurrent loans to loans
2.25%Net loans and leases to deposits
84.40%Net loans and leases to core deposits
127.45%Equity capital to assets
9.10%Core capital (leverage) ratio
9.03%Tier 1 risk-based capital ratio
11.77%Total risk-based capital ratio
Memoranda
$13Average assets
$549,887Average earning assets
$48,463Average equity
$507,864Average loans
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