Port City Capital Bank in Wilmington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 16, 2007

Port City Capital Bank in Wilmington, North Carolina (NC)
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Port City Capital Bank - Overview

General
FDIC Certificate #: 57350
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Crescent State Bank (#35006)
Federal Reserve ID: 3124149
Date Established: July 01, 2002
WWW: http://www.portcitycapitalbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 362285
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: July 01, 2002
Last Structure Change Effective Date: June 16, 2007
Last Structure Change Process Date: June 26, 2007
Last Data Update: June 26, 2007
Data Source Date: April 05, 2012
Location
Address: 1508 Military Cutoff Road, Suite 100, Wilmington, NC 28403
County: New Hanover
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): Wilmington, NC (#9200)
Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
CBSA Metro Statistical Area: Wilmington, NC (#48900)
Financial Summary
Total assets: $210.8 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, 2006)

Dollar figures in thousands
19Total employees (full-time equivalent)
$189,737Total assets
$2,204Cash and due from depository institutions
$192Interest-bearing balances
$15,936Securities
$0Federal funds sold & reverse repurchase agreements
$138,027Net loans & leases
$1,785Loan loss allowance
$0Trading account assets
$80Bank premises and fixed assets
$0Other real estate owned
$27,712Goodwill and other intangibles
$0Life insurance assets
$5,778All other assets
$189,737Total liabilities and capital
$147,769Total liabilities
$146,264Total deposits
$134,410Interest-bearing deposits
$146,264Deposits held in domestic offices
0.00%% insured (estimated)
$457Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,048All other liabilities
$41,968Total equity capital
$41,968Total bank equity capital
$41,968Perpetual preferred stock
$0Common stock
$5,377Surplus
$34,142Undivided profits
Memoranda
$2,449Noncurrent loans and leases
$29,660Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$767Average Assets, year-to-date
$154,155Average Assets, quarterly
$15,463Volatile liabilities
$171,485Insider loans
$190,474FHLB advances
$95,683Loans and leases held for sale
$15,357Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,660Total unused commitments
$0Restructured Loans and leases
$1,785Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$12,220Total interest income
$5,419Total interest expense
$6,801Net interest income
$247Provision for loan and lease losses
$107Total noninterest income
$0Fiduciary activities
$54Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$4,665Total noninterest expense
$3,496Salaries and employee benefits
$185Premises and equipment expense
$984Additional noninterest expense
$1,996Pre-tax net operating income
$0Securities gains (losses)
$846Applicable income taxes
$1,150Income before extraordinary items
$0Extraordinary gains - net
$1,150Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.05%Yield on earning assets
3.57%Cost of funding earning assets
4.48%Net interest margin
0.07%Noninterest income to earning assets
3.07%Noninterest expense to earning assets
0.67%Net operating income to assets
0.67%Return on assets (ROA)
1.16%Pretax return on assets
4.71%Return on equity (ROE)
4.71%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,995Assets per employee
9.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
94.37%Net loans and leases to core deposits
270.44%Equity capital to assets
22.12%Core capital (leverage) ratio
8.64%Tier 1 risk-based capital ratio
9.50%Total risk-based capital ratio
Memoranda
$11Average assets
$171,485Average earning assets
$24,424Average equity
$151,814Average loans

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