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


  • Park Sterling Bank in Charlotte, North Carolina (NC), SC
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Park Sterling Bank routing number info

Park Sterling Bank - Overview

  • General
  • FDIC Certificate #: 58408
    Status: Active
    Federal Reserve ID: 3470985
    Bank Holding Company (Regulatory Top Holder): Park Sterling Corporation (RSSDID: 4210478, Location: Charlotte, NC)
    Date Established: October 25, 2006
    WWW: http://www.parksterlingbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 26 (Domestic: 25, Interstate: Yes)
    FDIC's unique #: 451126
    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: October 25, 2006
    Last Structure Change Effective Date: December 01, 2011
    Last Structure Change Process Date: December 19, 2011
    Last Data Update: December 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1043 E. Morehead Street, Suite 100, Charlotte, NC 28204
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,051.7 mil
    Equity capital: $135.8 mil
    Deposits held in domestic offices: $846.3 mil
    Return on assets (ROA): -0.88% (-$9.3 mil)
    Quarterly return on assets: 0.45% ($4.7 mil)
    Return on Equity (ROE): -4.74% (-$6.4 mil)
    Quarterly return on equity: 2.99% ($4.1 mil)
    Net income: -$5.8 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: -1.64% (-$17,247.7 mil)
    Quarterly Pretax return on assets: -0.03% (-$315.5 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
  • 258Total employees (full-time equivalent)
  • $1,051,688Total assets
  • $20,528Cash and due from depository institutions
  • $5,480Interest-bearing balances
  • $155,462Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $755,147Net loans & leases
  • $10,154Loan loss allowance
  • $0Trading account assets
  • $24,383Bank premises and fixed assets
  • $14,403Other real estate owned
  • $4,022Goodwill and other intangibles
  • $1,051,688Life insurance assets
  • $77,743All other assets
  • $915,908Total liabilities and capital
  • $846,270Total liabilities
  • $703,984Total deposits
  • $846,270Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 9765.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,000Trading liabilities
  • $6,895Other borrowed funds
  • $12,978Subordinated debt
  • $135,780All other liabilities
  • $135,780Total equity capital
  • $135,780Total bank equity capital
  • $0Perpetual preferred stock
  • $31,723Common stock
  • $117,842Surplus
  • $-13,785Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,254Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,256Income earned, not collected on loans
  • $0Earning assets
  • $2,931Long-term assets (5+ years)
  • $916,089Average Assets, year-to-date
  • $189,685Average Assets, quarterly
  • $652,067Volatile liabilities
  • $778,654Insider loans
  • $808,163FHLB advances
  • $992,602Loans and leases held for sale
  • $26,224Unused loan commitments
  • $22,164Tier 1 (core) risk-based capital
  • $100,147Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,060Total unused commitments
  • $115,045Restructured Loans and leases
  • $6,141Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,426Total interest income
  • $6,073Total interest expense
  • $18,353Net interest income
  • $9,385Provision for loan and lease losses
  • $1,723Total noninterest income
  • $432Fiduciary activities
  • $334Service charges on deposit accounts
  • $0Trading account gains & fees
  • $957Additional noninterest income
  • $21,406Total noninterest expense
  • $12,661Salaries and employee benefits
  • $1,682Premises and equipment expense
  • $7,063Additional noninterest expense
  • -$10,715Pre-tax net operating income
  • $20Securities gains (losses)
  • -$4,944Applicable income taxes
  • -$5,751Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,751Net income attributable to bank
  • $0Net charge-offs
  • -$5,751Cash dividends
  • $11,655Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • -0.88%Net operating income to assets
  • -0.88%Return on assets (ROA)
  • -1.64%Pretax return on assets
  • -4.74%Return on equity (ROE)
  • -4.74%Retained earnings to average equity (YTD only)
  • 2.53%Net charge-offs to loans
  • 80.52%Credit loss provision to net charge-offs
  • -0.11%Efficiency ratio
  • 106,286Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 62.46%Noncurrent assets plus other real estate owned to assets
  • 2.92%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 89.23%Net loans and leases to core deposits
  • 109.35%Equity capital to assets
  • 12.91%Core capital (leverage) ratio
  • 10.09%Tier 1 risk-based capital ratio
  • 12.39%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $652,067Average earning assets
  • $121,396Average equity
  • $599,935Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $247,184Managed Assets
  • 1Number of Accounts
  • $232,066Personal trust and agency accounts
  • $9,693Employee benefit-defined contribution accounts
  • $16,907Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $66,407Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $139,059Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 984Number of Accounts
  • $0Personal trust and agency accounts
  • $66,407Employee benefit-defined contribution accounts
  • $2,014Employee benefit-defined benefit accounts
  • $15,118Other retirement accounts
  • $0Corporate trust and agency accounts
  • $15,118Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 North Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0451126Park Sterling Bank1043 E. Morehead Street, Suite 100, Charlotte, NC 28204October 25, 2006Full Service Brick and Mortar
    1468324Wilmington Main Branch1712 Eastwood Road, Suite 200, Wilmington, NC 28403October 02, 2007Full Service Brick and Mortar
    2468531Messenger Service1535 Elizabeth Avenue, Charlotte, NC 28204January 02, 2007Limited Service Messenger
    3479401South Park Office6816 Morrison Boulevard, Charlotte, NC 28211July 29, 2008Full Service Brick and Mortar
    25527918Raleigh Branch2245 Gateway Access Drive, Suite 209, Raleigh, NC 27607January 23, 2012Full Service Brick and Mortar
  • 21 South Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    4520822Charleston Branch140 East Bay Street, Columbia, SC 29201June 20, 2011Full Service Brick and Mortar
    539898Greenwood Capitalbank Branch109 Montague Street, Greenwood, SC 29648January 03, 1989Full Service Brick and Mortar
    6262000Bypass Northeast Branch1601 Highway 72 Bypass Northeast, Greenwood, SC 29646September 16, 1996Full Service Brick and Mortar
    7358297Bypass West Branch573 Highway 72 Bypass Nw, Greenwood, SC 29649July 14, 1999Full Service Brick and Mortar
    857665Mid State Bank Branch999 Wilson Road, Newberry, SC 29108July 10, 1997Full Service Brick and Mortar
    9357195Chapin Office Branch113 Virginia Street, Suite B, Chapin, SC 29036October 01, 1999Limited Service Loan Production
    10357196Saluda Office Branch437 North Main Street, Saluda, SC 29138November 01, 1999Limited Service Loan Production
    1139868Prosperity Branch305 N Main Street, Prosperity, SC 29127December 07, 1988Full Service Brick and Mortar
    12275684Honea Path Branch509 East Greer Street, Honea Path, SC 29654January 01, 1922Full Service Brick and Mortar
    13275689Belton Branch717 Anderson Street, Belton, SC 29627June 30, 1986Full Service Brick and Mortar
    1456009Clemson Bank @ Trust Branch528 Old Greenville Highway, Clemson, SC 29631June 22, 1995Full Service Brick and Mortar
    15275686Calhoun Falls Branch253 East Savannah Street, Calhoun Falls, SC 29628January 01, 1922Full Service Brick and Mortar
    1638846Saluda Branch200 North Main Street, Saluda, SC 29138December 18, 1987Full Service Brick and Mortar
    17418936Clinton Branch198 Jacobs Highway, Clinton, SC 29325April 21, 2003Full Service Brick and Mortar
    18419364Anderson Branch1722 North Main Street, Anderson, SC 29621July 16, 2002Full Service Brick and Mortar
    1936378The Bank Of Abbeville Branch203 South Main Street, Abbeville, SC 29620May 14, 1987Full Service Brick and Mortar
    20439969West Abbeville Branch536 W Greenwood Street, Abbeville, SC 29620April 07, 2005Full Service Brick and Mortar
    21441870Greer Office Branch1200 West Wade Hampton Blvd, Greer, SC 29650July 08, 2004Full Service Brick and Mortar
    22444053Woodruff Road Branch1620 Woodruff Road, Greenville, SC 29607August 15, 2005Full Service Brick and Mortar
    23453831Highway 81 Branch2123 Highway 81 N, Anderson, SC 29621March 14, 2006Full Service Brick and Mortar
    24478338Village At Pelham Office Branch2720 S Highway 14, Greer, SC 29650November 05, 2007Full Service Brick and Mortar

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