The Community Bank in Pilot Mountain, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 2004

  • The Community Bank in Pilot Mountain, North Carolina (NC)
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The Community Bank - Overview

  • General
  • FDIC Certificate #: 26919
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Southern Community Bank and Trust (#34321)
    Federal Reserve ID: 652726
    Date Established: March 23, 1987
    WWW: http://www.thecommbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 10706
    FDIC's unique #: 36307
    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 23, 1987
    Last Structure Change Effective Date: October 18, 2004
    Last Structure Change Process Date: November 03, 2004
    Last Data Update: November 03, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 616 South Key Street, Pilot Mountain, NC 27041
    County: Surry
    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
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Mount Airy, NC (#34340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $313.1 mil

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

2000 - 2011 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, 2003)

  • Dollar figures in thousands
  • 78Total employees (full-time equivalent)
  • $258,851Total assets
  • $7,498Cash and due from depository institutions
  • $46Interest-bearing balances
  • $67,863Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $171,442Net loans & leases
  • $4,860Loan loss allowance
  • $0Trading account assets
  • $6,021Bank premises and fixed assets
  • $180Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,847All other assets
  • $258,851Total liabilities and capital
  • $231,358Total liabilities
  • $202,902Total deposits
  • $172,961Interest-bearing deposits
  • $202,902Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,579Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,168Other borrowed funds
  • $0Subordinated debt
  • $2,709All other liabilities
  • $27,493Total equity capital
  • $27,493Total bank equity capital
  • $27,493Perpetual preferred stock
  • $0Common stock
  • $4,017Surplus
  • $9,098Undivided profits
  • Memoranda
  • $14,378Noncurrent loans and leases
  • $21,277Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $716Earning assets
  • $0Long-term assets (5+ years)
  • $1,153Average Assets, year-to-date
  • $239,351Average Assets, quarterly
  • $29,133Volatile liabilities
  • $246,217Insider loans
  • $253,583FHLB advances
  • $66,632Loans and leases held for sale
  • $3,468Unused loan commitments
  • $17,168Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,277Total unused commitments
  • $0Restructured Loans and leases
  • $2,397Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $14,053Total interest income
  • $3,397Total interest expense
  • $10,656Net interest income
  • $240Provision for loan and lease losses
  • $2,437Total noninterest income
  • $0Fiduciary activities
  • $1,693Service charges on deposit accounts
  • $0Trading account gains & fees
  • $744Additional noninterest income
  • $6,529Total noninterest expense
  • $3,676Salaries and employee benefits
  • $1,067Premises and equipment expense
  • $1,786Additional noninterest expense
  • $6,324Pre-tax net operating income
  • $27Securities gains (losses)
  • $2,169Applicable income taxes
  • $4,182Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,182Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $270Sale, conversion, retirement of capital stock, net
  • $799Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.23%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 4.72%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 1.69%Net operating income to assets
  • 1.70%Return on assets (ROA)
  • 2.58%Pretax return on assets
  • 16.34%Return on equity (ROE)
  • 13.22%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 88.89%Credit loss provision to net charge-offs
  • 24.31%Efficiency ratio
  • 49,866Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.11%Loss allowance to loans
  • 2.76%Loss allowance to noncurrent loans
  • 678.77%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 84.49%Net loans and leases to core deposits
  • 107.12%Equity capital to assets
  • 10.62%Core capital (leverage) ratio
  • 11.10%Tier 1 risk-based capital ratio
  • 14.53%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $246,217Average earning assets
  • $25,594Average equity
  • $225,698Average loans

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