Southern National Bank of North Carolina in Lumberton, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 27, 1995

  • Southern National Bank of North Carolina in Lumberton, North Carolina (NC)
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Southern National Bank of North Carolina - Overview

  • General
  • FDIC Certificate #: 4899
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 438322
    Date Established: January 01, 1897
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 145 (Interstate: No)
    OTS Docket #: 10200
    FDIC's unique #: 3255
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 27, 1995
    Last Structure Change Process Date: June 16, 1995
    Last Data Update: June 16, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 North Chestnut Street, Lumberton, NC 28358
    County: Robeson
    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
    Combined Statistical Area (CSA): Lumberton-Laurinburg, NC (#354)
    Core Based Statistical Area (CBSA): Lumberton, NC (#31300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $5,652.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $2,460Total assets
  • $5,746,319Cash and due from depository institutions
  • $179,946Interest-bearing balances
  • $496Securities
  • $1,874,252Federal funds sold & reverse repurchase agreements
  • $233,419Net loans & leases
  • $3,261,851Loan loss allowance
  • $37,751Trading account assets
  • $0Bank premises and fixed assets
  • $109,338Other real estate owned
  • $886Goodwill and other intangibles
  • $82,179Life insurance assets
  • $4,448All other assets
  • $0Total liabilities and capital
  • $5,746,319Total liabilities
  • $5,387,986Total deposits
  • $4,043,761Interest-bearing deposits
  • $3,507,784Deposits held in domestic offices
  • 4043761.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $1,145,502Trading liabilities
  • $0Other borrowed funds
  • $136,089Subordinated debt
  • $0All other liabilities
  • $62,634Total equity capital
  • $62,634Total bank equity capital
  • $358,333Perpetual preferred stock
  • $0Common stock
  • $25,304Surplus
  • $151,741Undivided profits
  • Memoranda
  • $181,288Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,382Income earned, not collected on loans
  • $16,874Earning assets
  • $5,370,018Long-term assets (5+ years)
  • $1,007,602Average Assets, year-to-date
  • $5,460,058Average Assets, quarterly
  • $5,696,119Volatile liabilities
  • $1,759,919Insider loans
  • $36,717FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $760,967Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $376,507Total risk weighted assets
  • $3,179,916Total unused commitments
  • $0Restructured Loans and leases
  • $614,123Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $367,814Total interest expense
  • $161,342Net interest income
  • $206,472Provision for loan and lease losses
  • $2,057Total noninterest income
  • $57,734Fiduciary activities
  • $3,064Service charges on deposit accounts
  • $21,510Trading account gains & fees
  • $874Additional noninterest income
  • $32,286Total noninterest expense
  • $155,386Salaries and employee benefits
  • $84,579Premises and equipment expense
  • $27,438Additional noninterest expense
  • $43,369Pre-tax net operating income
  • $106,763Securities gains (losses)
  • $445Applicable income taxes
  • $34,721Income before extraordinary items
  • $72,487Extraordinary gains - net
  • $0Net income attributable to bank
  • $72,487Net charge-offs
  • $3,347Cash dividends
  • $49,596Sale, conversion, retirement of capital stock, net
  • $2,165Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.25%Cost of funding earning assets
  • 3.18%Net interest margin
  • 4.07%Noninterest income to earning assets
  • 1.14%Noninterest expense to earning assets
  • 3.06%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 1.96%Return on equity (ROE)
  • 19.86%Retained earnings to average equity (YTD only)
  • 6.27%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 61.46%Efficiency ratio
  • 58,415Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.42%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 450.38%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 80.66%Net loans and leases to core deposits
  • 93.75%Equity capital to assets
  • 6.24%Core capital (leverage) ratio
  • 6.70%Tier 1 risk-based capital ratio
  • 11.84%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $5,460,058Average earning assets
  • $365,045Average equity
  • $5,075,552Average loans
1
robert jester
⚠
good afternoon. we found some stock shares from southern national bank in my father in laws will. are they worth anything or did they convert to another bank.

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