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

This bank is inactive as of April 01, 1995

Standard Bank & Trust Company in Dunn, North Carolina (NC)
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Standard Bank & Trust Company - Overview

General
FDIC Certificate #: 27333
Status: Inactive
Closing history: Office Sold
Acquiring institution: Triangle Bank (#27145)
Federal Reserve ID: 1216312
Date Established: September 06, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 39601
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 06, 1988
Last Structure Change Effective Date: April 01, 1995
Last Structure Change Process Date: May 12, 1995
Last Data Update: May 12, 1995
Data Source Date: April 05, 2012
Location
Address: 1100 West Broad Street, Dunn, NC 28334
County: Harnett
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): Raleigh-Durham-Cary, NC (#450)
Core Based Statistical Area (CBSA): Dunn, NC (#20380)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Office Sold
Financial Summary
Total assets: $87.6 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)
$33Total assets
$89,410Cash and due from depository institutions
$3,722Interest-bearing balances
$899Securities
$18,575Federal funds sold & reverse repurchase agreements
$3,990Net loans & leases
$58,573Loan loss allowance
$943Trading account assets
$0Bank premises and fixed assets
$1,209Other real estate owned
$151Goodwill and other intangibles
$1,735Life insurance assets
$1,455All other assets
$0Total liabilities and capital
$89,410Total liabilities
$81,439Total deposits
$80,308Interest-bearing deposits
$68,081Deposits held in domestic offices
80308.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,131Total equity capital
$1,131Total bank equity capital
$7,971Perpetual preferred stock
$0Common stock
$3,650Surplus
$3,583Undivided profits
Memoranda
$738Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$364Income earned, not collected on loans
$510Earning assets
$82,037Long-term assets (5+ years)
$8,400Average Assets, year-to-date
$82,263Average Assets, quarterly
$88,865Volatile liabilities
$3,804Insider loans
$6,845FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,003Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,001Total risk weighted assets
$63,792Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$6,051Total interest expense
$2,503Net interest income
$3,548Provision for loan and lease losses
$525Total noninterest income
$524Fiduciary activities
$0Service charges on deposit accounts
$414Trading account gains & fees
$0Additional noninterest income
$110Total noninterest expense
$2,613Salaries and employee benefits
$1,155Premises and equipment expense
$469Additional noninterest expense
$989Pre-tax net operating income
$934Securities gains (losses)
-$879Applicable income taxes
$83Income before extraordinary items
-$28Extraordinary gains - net
$0Net income attributable to bank
-$28Net charge-offs
$15Cash dividends
$0Sale, conversion, retirement of capital stock, net
$721Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.14%Cost of funding earning assets
3.37%Net interest margin
4.77%Noninterest income to earning assets
0.70%Noninterest expense to earning assets
3.51%Net operating income to assets
0.65%Return on assets (ROA)
-0.03%Pretax return on assets
0.07%Return on equity (ROE)
-0.35%Retained earnings to average equity (YTD only)
-0.35%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
3500.00%Efficiency ratio
59,897Assets per employee
2.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
259.07%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.61%Net loans and leases to deposits
72.94%Net loans and leases to core deposits
76.56%Equity capital to assets
8.92%Core capital (leverage) ratio
7.98%Tier 1 risk-based capital ratio
10.97%Total risk-based capital ratio
Memoranda
$12Average assets
$82,263Average earning assets
$7,912Average equity
$74,341Average loans

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