New East Bank of Goldsboro in Goldsboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 1993

  • New East Bank of Goldsboro in Goldsboro, North Carolina (NC)
  • Show street view No street view available for this location

New East Bank of Goldsboro - Overview

  • General
  • FDIC Certificate #: 27584
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Triangle Bank (#27145)
    Federal Reserve ID: 1400942
    Date Established: September 09, 1989
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 40416
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 09, 1989
    Last Structure Change Effective Date: December 29, 1993
    Last Structure Change Process Date: January 26, 1994
    Last Data Update: January 26, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 North Spence Avenue, Goldsboro, NC 27534
    County: Wayne
    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): Goldsboro, NC (#2980)
    Core Based Statistical Area (CBSA): Goldsboro, NC (#24140)
    CBSA Metro Statistical Area: Goldsboro, NC (#24140)
  • Financial Summary
  • Total assets: $28.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $29,596Cash and due from depository institutions
  • $1,466Interest-bearing balances
  • $0Securities
  • $5,057Federal funds sold & reverse repurchase agreements
  • $2,920Net loans & leases
  • $18,454Loan loss allowance
  • $265Trading account assets
  • $0Bank premises and fixed assets
  • $1,403Other real estate owned
  • $0Goodwill and other intangibles
  • $296Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $29,596Total liabilities
  • $26,595Total deposits
  • $26,168Interest-bearing deposits
  • $24,058Deposits held in domestic offices
  • 26168.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $270Subordinated debt
  • $0All other liabilities
  • $157Total equity capital
  • $157Total bank equity capital
  • $3,001Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $-999Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $178Income earned, not collected on loans
  • $176Earning assets
  • $26,431Long-term assets (5+ years)
  • $1,486Average Assets, year-to-date
  • $29,830Average Assets, quarterly
  • $29,987Volatile liabilities
  • $4,300Insider loans
  • $21FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,378Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,001Total risk weighted assets
  • $22,636Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,127Total interest expense
  • $1,048Net interest income
  • $1,079Provision for loan and lease losses
  • $62Total noninterest income
  • $186Fiduciary activities
  • $0Service charges on deposit accounts
  • $151Trading account gains & fees
  • $0Additional noninterest income
  • $35Total noninterest expense
  • $1,397Salaries and employee benefits
  • $488Premises and equipment expense
  • $311Additional noninterest expense
  • $598Pre-tax net operating income
  • -$194Securities gains (losses)
  • $133Applicable income taxes
  • $0Income before extraordinary items
  • -$61Extraordinary gains - net
  • $0Net income attributable to bank
  • -$61Net charge-offs
  • $188Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.17%Cost of funding earning assets
  • 4.02%Net interest margin
  • 4.14%Noninterest income to earning assets
  • 0.71%Noninterest expense to earning assets
  • 5.37%Net operating income to assets
  • -0.65%Return on assets (ROA)
  • -0.20%Pretax return on assets
  • -0.20%Return on equity (ROE)
  • -2.01%Retained earnings to average equity (YTD only)
  • -2.01%Net charge-offs to loans
  • 0.91%Credit loss provision to net charge-offs
  • 32.98%Efficiency ratio
  • 110,435Assets per employee
  • 2.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 148.88%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 70.52%Net loans and leases to core deposits
  • 84.39%Equity capital to assets
  • 10.14%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 13.26%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $29,830Average earning assets
  • $3,028Average equity
  • $26,038Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New East Bank of Goldsboro.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents