The Anchor Bank of North Carolina in Hampstead, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 04, 1996

The Anchor Bank of North Carolina in Hampstead, North Carolina (NC)
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The Anchor Bank of North Carolina - Overview

General
FDIC Certificate #: 26795
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Anchor Bank (#21758)
Federal Reserve ID: 414821
Date Established: October 06, 1986
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 9683
FDIC's unique #: 35951
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: October 06, 1986
Last Structure Change Effective Date: October 04, 1996
Last Structure Change Process Date: October 31, 1996
Last Data Update: October 31, 1996
Data Source Date: April 05, 2012
Location
Address: U.S. Highway 17 And Forest Sound Road, Hampstead, NC 28443
County: Pender
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
Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
CBSA Metro Statistical Area: Wilmington, NC (#48900)
Financial Summary
Total assets: $70.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$37Total assets
$54,142Cash and due from depository institutions
$2,433Interest-bearing balances
$99Securities
$8,472Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$41,567Loan loss allowance
$492Trading account assets
$0Bank premises and fixed assets
$1,001Other real estate owned
$0Goodwill and other intangibles
$669Life insurance assets
$0All other assets
$0Total liabilities and capital
$54,142Total liabilities
$49,066Total deposits
$46,419Interest-bearing deposits
$41,921Deposits held in domestic offices
46419.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$2,125Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$522Total equity capital
$522Total bank equity capital
$5,076Perpetual preferred stock
$0Common stock
$1,554Surplus
$1,599Undivided profits
Memoranda
$1,923Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$31Income earned, not collected on loans
$302Earning assets
$50,138Long-term assets (5+ years)
$1,631Average Assets, year-to-date
$51,381Average Assets, quarterly
$53,428Volatile liabilities
$4,932Insider loans
$2,027FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,608Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,034Total risk weighted assets
$38,290Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,280Total interest expense
$1,902Net interest income
$2,378Provision for loan and lease losses
$16Total noninterest income
$409Fiduciary activities
$0Service charges on deposit accounts
$345Trading account gains & fees
$0Additional noninterest income
$64Total noninterest expense
$1,798Salaries and employee benefits
$934Premises and equipment expense
$334Additional noninterest expense
$530Pre-tax net operating income
$973Securities gains (losses)
$0Applicable income taxes
$362Income before extraordinary items
$611Extraordinary gains - net
$0Net income attributable to bank
$611Net charge-offs
-$13Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.94%Cost of funding earning assets
3.97%Net interest margin
4.97%Noninterest income to earning assets
0.85%Noninterest expense to earning assets
3.76%Net operating income to assets
1.19%Return on assets (ROA)
1.19%Pretax return on assets
1.89%Return on equity (ROE)
12.88%Retained earnings to average equity (YTD only)
11.82%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
-123.08%Efficiency ratio
64,514Assets per employee
1.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.18%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
1587.10%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.07%Net loans and leases to deposits
89.55%Net loans and leases to core deposits
95.31%Equity capital to assets
9.38%Core capital (leverage) ratio
9.45%Tier 1 risk-based capital ratio
13.15%Total risk-based capital ratio
Memoranda
$14Average assets
$51,381Average earning assets
$4,744Average equity
$47,859Average loans

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