FDIC Certificate #: 27791 Status: Inactive Closing history: Corrections Acquiring institution:Central Carolina Bank and Trust Company (#2033) Federal Reserve ID: 631673 Date Established: January 01, 1921 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 288 FDIC's unique #: 40625 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: October 21, 1948 Last Structure Change Effective Date: October 02, 1999 Last Structure Change Process Date: November 02, 1999 Last Data Update: March 14, 2000 Data Source Date: April 05, 2012
Location
Address: 232 South Main Street, Mocksville, NC 27028 County: Davie Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Charlotte Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120) Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268) Core Based Statistical Area (CBSA): Winston-Salem, NC (#49180) CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $128.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
22Total employees (full-time equivalent)
$126,761Total assets
$6,335Cash and due from depository institutions
$3,932Interest-bearing balances
$14,381Securities
$878Federal funds sold & reverse repurchase agreements
$102,506Net loans & leases
$750Loan loss allowance
$0Trading account assets
$916Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,745All other assets
$126,761Total liabilities and capital
$99,717Total liabilities
$74,518Total deposits
$73,000Interest-bearing deposits
$74,518Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$23,967Other borrowed funds
$0Subordinated debt
$1,232All other liabilities
$27,044Total equity capital
$27,044Total bank equity capital
$27,044Perpetual preferred stock
$0Common stock
$11,712Surplus
$0Undivided profits
Memoranda
$15,332Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$243Earning assets
$0Long-term assets (5+ years)
$316Average Assets, year-to-date
$121,697Average Assets, quarterly
$105,273Volatile liabilities
$115,628Insider loans
$125,247FHLB advances
$9,814Loans and leases held for sale
$2,045Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,438Total unused commitments
$0Restructured Loans and leases
$69,091Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$9,095Total interest income
$4,362Total interest expense
$4,733Net interest income
$180Provision for loan and lease losses
$163Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$100Additional noninterest income
$2,325Total noninterest expense
$1,237Salaries and employee benefits
$201Premises and equipment expense
$887Additional noninterest expense
$2,391Pre-tax net operating income
$0Securities gains (losses)
$883Applicable income taxes
$1,508Income before extraordinary items
$0Extraordinary gains - net
$1,508Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$725Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.16%Yield on earning assets
3.91%Cost of funding earning assets
4.24%Net interest margin
0.15%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
1.30%Net operating income to assets
1.30%Return on assets (ROA)
2.07%Pretax return on assets
5.68%Return on equity (ROE)
2.95%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
47,488Assets per employee
5.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.08%Loss allowance to loans
0.73%Loss allowance to noncurrent loans
308.64%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.24%Net loans and leases to deposits
137.56%Net loans and leases to core deposits
156.01%Equity capital to assets
21.33%Core capital (leverage) ratio
21.33%Tier 1 risk-based capital ratio
39.20%Total risk-based capital ratio
Memoranda
$40Average assets
$115,628Average earning assets
$26,565Average equity
$111,515Average loans
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