Park Meridian Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 08, 2002

  • Park Meridian Bank in Charlotte, North Carolina (NC)
  • Show street view No street view available for this location

Park Meridian Bank - Overview

  • General
  • FDIC Certificate #: 33480
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 1881541
    Date Established: August 20, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 12755
    FDIC's unique #: 47188
    Numeric code: 21
    Regulator: FDIC
    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: August 20, 1991
    Last Structure Change Effective Date: March 08, 2002
    Last Structure Change Process Date: April 11, 2002
    Last Data Update: April 11, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 6826 Morrison Boulevard, Charlotte, NC 28211
    County: Mecklenburg
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $286.5 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, 2001)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $286,453Total assets
  • $7,498Cash and due from depository institutions
  • $1,598Interest-bearing balances
  • $0Securities
  • $3,735Federal funds sold & reverse repurchase agreements
  • $255,986Net loans & leases
  • $3,388Loan loss allowance
  • $0Trading account assets
  • $9,040Bank premises and fixed assets
  • $0Other real estate owned
  • $899Goodwill and other intangibles
  • $0Life insurance assets
  • $9,295All other assets
  • $286,453Total liabilities and capital
  • $262,939Total liabilities
  • $216,653Total deposits
  • $201,124Interest-bearing deposits
  • $216,653Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $39,294Other borrowed funds
  • $2,950Subordinated debt
  • $2,042All other liabilities
  • $23,514Total equity capital
  • $23,514Total bank equity capital
  • $23,514Perpetual preferred stock
  • $0Common stock
  • $8,288Surplus
  • $14,867Undivided profits
  • Memoranda
  • $359Noncurrent loans and leases
  • $48,231Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $951Earning assets
  • $0Long-term assets (5+ years)
  • $1,589Average Assets, year-to-date
  • $261,319Average Assets, quarterly
  • $2,499Volatile liabilities
  • $292,236Insider loans
  • $297,363FHLB advances
  • $75,020Loans and leases held for sale
  • $14,147Unused loan commitments
  • $30,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,435Total risk weighted assets
  • $48,231Total unused commitments
  • $0Restructured Loans and leases
  • $6,338Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $2,131Total interest income
  • $1,138Total interest expense
  • $993Net interest income
  • $30Provision for loan and lease losses
  • $139Total noninterest income
  • $0Fiduciary activities
  • $6Service charges on deposit accounts
  • $0Trading account gains & fees
  • $133Additional noninterest income
  • $517Total noninterest expense
  • $344Salaries and employee benefits
  • $64Premises and equipment expense
  • $109Additional noninterest expense
  • $585Pre-tax net operating income
  • $2Securities gains (losses)
  • $228Applicable income taxes
  • $359Income before extraordinary items
  • $0Extraordinary gains - net
  • $359Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.78%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 0.36%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 0.19%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.53%Return on equity (ROE)
  • 1.53%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 600.00%Credit loss provision to net charge-offs
  • 123.00%Efficiency ratio
  • 45,671Assets per employee
  • 6.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 356.26%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 118.15%Net loans and leases to core deposits
  • 167.39%Equity capital to assets
  • 8.21%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 8.30%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $292,236Average earning assets
  • $23,462Average equity
  • $272,171Average loans
1
Byron Richardson
⚠
Dec 19, 2023 @ 8:08 am
This bank opened in 1991. What was the initial capital of the bank? I would like to get the 12/31/1991 financial statements or Call Report

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