FDIC Certificate #: 58701 Status: Active Federal Reserve ID: 3640854 Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI) Date Established: May 15, 2008 WWW:http://www.pisgahcommunitybank.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 #: 463203 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: May 15, 2008 Last Structure Change Effective Date: September 21, 2009 Last Structure Change Process Date: September 23, 2009 Last Data Update: September 23, 2009 Data Source Date: April 05, 2012
Location
Address: 890 Hendersonville Road, Asheville, NC 28803 County: Buncombe Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Chicago FDIC Field Office: Charlotte Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Asheville, NC (#480) Combined Statistical Area (CSA): Asheville-Brevard, NC (#120) Core Based Statistical Area (CBSA): Asheville, NC (#11700) CBSA Metro Statistical Area: Asheville, NC (#11700)
History of Changes
Change in Location
Financial Summary
Total assets: $28.1 mil Equity capital: $0.6 mil Deposits held in domestic offices: $27.4 mil Return on assets (ROA): -9.02% (-$2.5 mil) Quarterly return on assets: -5.89% (-$1.6 mil) Return on Equity (ROE): -477.37% (-$4.8 mil) Quarterly return on equity: -284.30% (-$2.8 mil) Net income: -$3.0 mil Quarterly Net income: -$0.4 mil Pretax return on assets: -9.02% (-$2,536.4 mil) Quarterly Pretax return on assets: -5.89% (-$1,656.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$28,120Total assets
$7,026Cash and due from depository institutions
$6,790Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$17,828Net loans & leases
$1,925Loan loss allowance
$0Trading account assets
$545Bank premises and fixed assets
$2,093Other real estate owned
$0Goodwill and other intangibles
$28,120Life insurance assets
$628All other assets
$27,505Total liabilities and capital
$27,437Total liabilities
$26,155Total deposits
$27,437Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$68Subordinated debt
$615All other liabilities
$615Total equity capital
$615Total bank equity capital
$0Perpetual preferred stock
$75Common stock
$16,233Surplus
$-15,693Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,716Income earned, not collected on loans
$0Earning assets
$77Long-term assets (5+ years)
$24,618Average Assets, year-to-date
$1,558Average Assets, quarterly
$33,670Volatile liabilities
$29,223Insider loans
$20,987FHLB advances
$29,486Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$615Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$777Restructured Loans and leases
$289Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,136Total interest income
$475Total interest expense
$661Net interest income
$990Provision for loan and lease losses
-$592Total noninterest income
$0Fiduciary activities
$31Service charges on deposit accounts
$0Trading account gains & fees
-$623Additional noninterest income
$2,116Total noninterest expense
$480Salaries and employee benefits
$316Premises and equipment expense
$1,320Additional noninterest expense
-$3,037Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$3,037Income before extraordinary items
$0Extraordinary gains - net
-$3,037Net income attributable to bank
$0Net charge-offs
-$3,037Cash dividends
$326Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.76%Yield on earning assets
1.57%Cost of funding earning assets
2.19%Net interest margin
-1.96%Noninterest income to earning assets
7.00%Noninterest expense to earning assets
-9.02%Net operating income to assets
-9.02%Return on assets (ROA)
-9.02%Pretax return on assets
-477.37%Return on equity (ROE)
-477.37%Retained earnings to average equity (YTD only)
1.38%Net charge-offs to loans
303.68%Credit loss provision to net charge-offs
-6.28%Efficiency ratio
3,066,667Assets per employee
4.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
9.75%Loss allowance to noncurrent loans
51.80%Noncurrent assets plus other real estate owned to assets
20.66%Noncurrent loans to loans
18.81%Net loans and leases to deposits
64.98%Net loans and leases to core deposits
68.08%Equity capital to assets
2.19%Core capital (leverage) ratio
2.09%Tier 1 risk-based capital ratio
2.93%Total risk-based capital ratio
Memoranda
$4Average assets
$33,670Average earning assets
$636Average equity
$30,208Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
463203
Pisgah Community Bank
890 Hendersonville Road, Asheville, NC 28803
May 15, 2008
Full Service Brick and Mortar
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