State Bank in Fayetteville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 03, 1995

State Bank in Fayetteville, North Carolina (NC)
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State Bank - Overview

General
FDIC Certificate #: 26913
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 338525
Date Established: March 16, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 10222
FDIC's unique #: 36297
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: March 16, 1987
Last Structure Change Effective Date: March 03, 1995
Last Structure Change Process Date: April 07, 1995
Last Data Update: April 07, 1995
Data Source Date: April 05, 2012
Location
Address: 145 Westwood Shopping Center, Fayetteville, NC 28304
County: Cumberland
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): Fayetteville, NC (#2560)
Core Based Statistical Area (CBSA): Fayetteville, NC (#22180)
CBSA Metro Statistical Area: Fayetteville, NC (#22180)
Financial Summary
Total assets: $52.2 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)
$31Total assets
$52,245Cash and due from depository institutions
$5,475Interest-bearing balances
$1,961Securities
$11,628Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$31,735Loan loss allowance
$414Trading account assets
$0Bank premises and fixed assets
$2,135Other real estate owned
$333Goodwill and other intangibles
$939Life insurance assets
$0All other assets
$0Total liabilities and capital
$52,245Total liabilities
$45,537Total deposits
$45,183Interest-bearing deposits
$34,834Deposits held in domestic offices
45183.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$354Total equity capital
$354Total bank equity capital
$6,708Perpetual preferred stock
$0Common stock
$2,374Surplus
$2,787Undivided profits
Memoranda
$1,547Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$30Income earned, not collected on loans
$212Earning assets
$45,324Long-term assets (5+ years)
$2,947Average Assets, year-to-date
$53,200Average Assets, quarterly
$53,789Volatile liabilities
$4,103Insider loans
$2,269FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,421Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,986Total risk weighted assets
$35,916Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,610Total interest expense
$1,151Net interest income
$2,459Provision for loan and lease losses
$20Total noninterest income
$696Fiduciary activities
$0Service charges on deposit accounts
$427Trading account gains & fees
$0Additional noninterest income
$269Total noninterest expense
$2,278Salaries and employee benefits
$1,166Premises and equipment expense
$363Additional noninterest expense
$749Pre-tax net operating income
$857Securities gains (losses)
$0Applicable income taxes
$314Income before extraordinary items
$543Extraordinary gains - net
$0Net income attributable to bank
$543Net charge-offs
-$53Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.84%Cost of funding earning assets
2.50%Net interest margin
5.34%Noninterest income to earning assets
1.51%Noninterest expense to earning assets
4.95%Net operating income to assets
1.02%Return on assets (ROA)
1.02%Pretax return on assets
1.61%Return on equity (ROE)
8.33%Retained earnings to average equity (YTD only)
8.33%Net charge-offs to loans
-0.17%Credit loss provision to net charge-offs
-37.74%Efficiency ratio
71,823Assets per employee
1.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
1380.00%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
0.09%Net loans and leases to deposits
70.24%Net loans and leases to core deposits
77.25%Equity capital to assets
12.84%Core capital (leverage) ratio
12.85%Tier 1 risk-based capital ratio
19.45%Total risk-based capital ratio
Memoranda
$21Average assets
$53,200Average earning assets
$6,515Average equity
$46,027Average loans

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