FDIC Certificate #: 58561 Status: Active Federal Reserve ID: 3620913 Date Established: September 10, 2007 WWW:http://www.oldtownbanking.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 #: 456500 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: September 10, 2007 Last Structure Change Effective Date: Febuary 23, 2009 Last Structure Change Process Date: March 09, 2009 Last Data Update: March 09, 2009 Data Source Date: April 05, 2012
Location
Address: 2045 South Main Street, Waynesville, NC 28786 County: Haywood 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 Combined Statistical Area (CSA): Asheville-Brevard, NC (#120) Core Based Statistical Area (CBSA): Asheville, NC (#11700) CBSA Metro Statistical Area: Asheville, NC (#11700)
Financial Summary
Total assets: $86.6 mil Equity capital: $9.3 mil Deposits held in domestic offices: $69.0 mil Return on assets (ROA): -0.69% (-$0.6 mil) Quarterly return on assets: 0.14% ($0.1 mil) Return on Equity (ROE): -6.56% (-$0.6 mil) Quarterly return on equity: 1.28% ($0.1 mil) Net income: -$0.6 mil Quarterly Net income: $0.0 mil Pretax return on assets: -0.69% (-$597.7 mil) Quarterly Pretax return on assets: 0.14% ($121.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$86,618Total assets
$3,923Cash and due from depository institutions
$1,489Interest-bearing balances
$32,178Securities
$3,979Federal funds sold & reverse repurchase agreements
$43,089Net loans & leases
$1,443Loan loss allowance
$0Trading account assets
$1,465Bank premises and fixed assets
$866Other real estate owned
$0Goodwill and other intangibles
$86,617Life insurance assets
$1,118All other assets
$77,352Total liabilities and capital
$69,042Total liabilities
$67,454Total deposits
$69,042Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,150Trading liabilities
$0Other borrowed funds
$160Subordinated debt
$9,265All other liabilities
$9,265Total equity capital
$9,265Total bank equity capital
$0Perpetual preferred stock
$5,760Common stock
$6,455Surplus
$-2,950Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,626Income earned, not collected on loans
$0Earning assets
$411Long-term assets (5+ years)
$80,735Average Assets, year-to-date
$38,620Average Assets, quarterly
$86,913Volatile liabilities
$87,984Insider loans
$50,641FHLB advances
$88,163Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,438Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,259Restructured Loans and leases
$1,190Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,640Total interest income
$1,087Total interest expense
$2,553Net interest income
$1,108Provision for loan and lease losses
$92Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$2,232Total noninterest expense
$1,201Salaries and employee benefits
$129Premises and equipment expense
$902Additional noninterest expense
-$695Pre-tax net operating income
$98Securities gains (losses)
$0Applicable income taxes
-$597Income before extraordinary items
$0Extraordinary gains - net
-$597Net income attributable to bank
$0Net charge-offs
-$597Cash dividends
$706Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.52%Yield on earning assets
1.35%Cost of funding earning assets
3.17%Net interest margin
0.11%Noninterest income to earning assets
2.77%Noninterest expense to earning assets
-0.80%Net operating income to assets
-0.69%Return on assets (ROA)
-0.69%Pretax return on assets
-6.56%Return on equity (ROE)
-6.56%Retained earnings to average equity (YTD only)
1.61%Net charge-offs to loans
156.94%Credit loss provision to net charge-offs
0.58%Efficiency ratio
84,386Assets per employee
5.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.24%Loss allowance to noncurrent loans
88.75%Noncurrent assets plus other real estate owned to assets
2.88%Noncurrent loans to loans
3.65%Net loans and leases to deposits
62.41%Net loans and leases to core deposits
100.62%Equity capital to assets
10.70%Core capital (leverage) ratio
9.57%Tier 1 risk-based capital ratio
16.66%Total risk-based capital ratio
Memoranda
$18Average assets
$86,913Average earning assets
$9,095Average equity
$80,586Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
456500
Oldtown Bank
2045 South Main Street, Waynesville, NC 28786
September 10, 2007
Full Service Brick and Mortar
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