FDIC Certificate #: 57854 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Community Bank (#13012) Federal Reserve ID: 3299793 Date Established: November 30, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 428160 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 30, 2004 Last Structure Change Effective Date: July 31, 2009 Last Structure Change Process Date: October 02, 2009 Last Data Update: October 02, 2009 Data Source Date: April 05, 2012
Location
Address: 401 Knollwood Street, Winston Salem, NC 27103 County: Forsyth 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)
Financial Summary
Total assets: $164.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
33Total employees (full-time equivalent)
$152,486Total assets
$7,129Cash and due from depository institutions
$4,695Interest-bearing balances
$11,102Securities
$3,859Federal funds sold & reverse repurchase agreements
$126,139Net loans & leases
$1,188Loan loss allowance
$0Trading account assets
$2,018Bank premises and fixed assets
$636Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,603All other assets
$152,487Total liabilities and capital
$138,207Total liabilities
$126,842Total deposits
$119,265Interest-bearing deposits
$126,842Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$365All other liabilities
$14,280Total equity capital
$14,280Total bank equity capital
$14,280Perpetual preferred stock
$0Common stock
$7,500Surplus
$8,602Undivided profits
Memoranda
$-1,822Noncurrent loans and leases
$16,057Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$544Earning assets
$0Long-term assets (5+ years)
$611Average Assets, year-to-date
$145,795Average Assets, quarterly
$24,248Volatile liabilities
$133,931Insider loans
$151,983FHLB advances
$57,649Loans and leases held for sale
$2,191Unused loan commitments
$11,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$778Total risk weighted assets
$16,057Total unused commitments
$0Restructured Loans and leases
$1,188Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$7,634Total interest income
$3,882Total interest expense
$3,752Net interest income
$687Provision for loan and lease losses
$679Total noninterest income
$0Fiduciary activities
$187Service charges on deposit accounts
$0Trading account gains & fees
$492Additional noninterest income
$3,993Total noninterest expense
$1,854Salaries and employee benefits
$620Premises and equipment expense
$1,519Additional noninterest expense
-$249Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$249Income before extraordinary items
$0Extraordinary gains - net
-$249Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$367Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.95%Yield on earning assets
3.03%Cost of funding earning assets
2.93%Net interest margin
0.53%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
-0.19%Net operating income to assets
-0.19%Return on assets (ROA)
-0.19%Pretax return on assets
-1.75%Return on equity (ROE)
-1.75%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
187.19%Credit loss provision to net charge-offs
1.19%Efficiency ratio
90,115Assets per employee
4.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
218.38%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
0.43%Net loans and leases to deposits
99.45%Net loans and leases to core deposits
182.30%Equity capital to assets
9.36%Core capital (leverage) ratio
9.45%Tier 1 risk-based capital ratio
12.38%Total risk-based capital ratio
Memoranda
$13Average assets
$133,931Average earning assets
$14,189Average equity
$128,239Average loans
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