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Select Bank & Trust Company in Greenville, North Carolina (NC)
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Select Bank & Trust Company - Overview

General
FDIC Certificate #: 57783
Status: Active
Federal Reserve ID: 3281293
Bank Holding Company (Regulatory Top Holder): Select Bancorp, Inc. (RSSDID: 3665772, Location: Greenville, NC)
Date Established: August 03, 2004
WWW: http://www.selectbankandtrust.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 4, Interstate: No)
FDIC's unique #: 424603
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: August 03, 2004
Last Structure Change Effective Date: January 14, 2012
Last Structure Change Process Date: January 20, 2012
Last Data Update: January 20, 2012
Data Source Date: April 05, 2012
Location
Address: 3600 Charles Boulevard, Greenville, NC 27858
County: Pitt
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): Greenville, NC (#3150)
Core Based Statistical Area (CBSA): Greenville, NC (#24780)
CBSA Metro Statistical Area: Greenville, NC (#24780)
History of Changes
Office Purchased
Financial Summary
Total assets: $215.0 mil
Equity capital: $27.3 mil
Deposits held in domestic offices: $165.7 mil
Return on assets (ROA): 0.63% ($1.4 mil)
Quarterly return on assets: 0.65% ($1.4 mil)
Return on Equity (ROE): 5.71% ($1.5 mil)
Quarterly return on equity: 5.09% ($1.4 mil)
Net income: $1.3 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.93% ($1,999.1 mil)
Quarterly Pretax return on assets: 0.94% ($2,020.6 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
35Total employees (full-time equivalent)
$214,962Total assets
$5,355Cash and due from depository institutions
$2,764Interest-bearing balances
$26,448Securities
$5,300Federal funds sold & reverse repurchase agreements
$167,097Net loans & leases
$2,925Loan loss allowance
$0Trading account assets
$4,770Bank premises and fixed assets
$135Other real estate owned
$1,186Goodwill and other intangibles
$214,962Life insurance assets
$4,671All other assets
$187,620Total liabilities and capital
$165,699Total liabilities
$147,336Total deposits
$165,699Interest-bearing deposits
$80Deposits held in domestic offices
6563.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,000Trading liabilities
$0Other borrowed funds
$358Subordinated debt
$27,342All other liabilities
$27,342Total equity capital
$27,342Total bank equity capital
$0Perpetual preferred stock
$9,340Common stock
$12,307Surplus
$5,695Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,071Income earned, not collected on loans
$0Earning assets
$879Long-term assets (5+ years)
$201,609Average Assets, year-to-date
$58,549Average Assets, quarterly
$202,852Volatile liabilities
$211,777Insider loans
$167,717FHLB advances
$209,942Loans and leases held for sale
$2,089Unused loan commitments
$2,089Tier 1 (core) risk-based capital
$25,523Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$20,439Restructured Loans and leases
$8,161Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,426Total interest income
$2,586Total interest expense
$6,840Net interest income
$1,600Provision for loan and lease losses
$811Total noninterest income
$0Fiduciary activities
$219Service charges on deposit accounts
$0Trading account gains & fees
$592Additional noninterest income
$4,337Total noninterest expense
$2,129Salaries and employee benefits
$462Premises and equipment expense
$1,746Additional noninterest expense
$1,714Pre-tax net operating income
$178Securities gains (losses)
$611Applicable income taxes
$1,281Income before extraordinary items
$0Extraordinary gains - net
$1,281Net income attributable to bank
$0Net charge-offs
$1,281Cash dividends
$798Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.03%Yield on earning assets
1.38%Cost of funding earning assets
3.65%Net interest margin
0.43%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
0.57%Net operating income to assets
0.63%Return on assets (ROA)
0.93%Pretax return on assets
5.71%Return on equity (ROE)
5.71%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
200.50%Credit loss provision to net charge-offs
4.15%Efficiency ratio
56,176Assets per employee
6.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.72%Loss allowance to noncurrent loans
273.11%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.63%Net loans and leases to deposits
100.84%Net loans and leases to core deposits
114.95%Equity capital to assets
12.72%Core capital (leverage) ratio
12.16%Tier 1 risk-based capital ratio
15.22%Total risk-based capital ratio
Memoranda
$16Average assets
$202,852Average earning assets
$22,420Average equity
$187,492Average loans

List of branches

5 North Carolina Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	424603	Select Bank & Trust Company	3600 Charles Boulevard, Greenville, NC 27858	August 03, 2004	Full Service Brick and Mortar
2	490250	East Tenth Street Branch	3800 East Tenth Street, Greenville, NC 27858	January 06, 2009	Full Service Brick and Mortar
3	461968	Elizabeth City Branch	104 Nance Court, Elizabeth City, NC 27909	December 13, 2004	Full Service Brick and Mortar
4	518524	Washington Branch	155 North Market Street, Suite 103, Washington, NC 27889	April 01, 2011	Full Service Brick and Mortar
5	451495	Gibsonville Branch	220 Burlington Street, Gibsonville, NC 27249	April 28, 2006	Full Service Brick and Mortar

Select Bank & Trust Company in Greenville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Select Bank & Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Select Bank & Trust Company in Greenville, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

Select Bank & Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Select Bank & Trust Company in Greenville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches