Triangle Bank in Raleigh, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 2000

  • Triangle Bank in Raleigh, North Carolina (NC)
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Triangle Bank - Overview

  • General
  • FDIC Certificate #: 27145
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 1162549
    Date Established: January 04, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 63 (Interstate: No)
    OTS Docket #: 10174
    FDIC's unique #: 38858
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 04, 1988
    Last Structure Change Effective Date: Febuary 19, 2000
    Last Structure Change Process Date: May 15, 2000
    Last Data Update: May 15, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 4300 Glenwood Avenue, Raleigh, NC 27612
    County: Wake
    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): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • Financial Summary
  • Total assets: $2,071.3 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, 1999)

  • Dollar figures in thousands
  • 627Total employees (full-time equivalent)
  • $2,071,257Total assets
  • $88,798Cash and due from depository institutions
  • $14,270Interest-bearing balances
  • $510,603Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,339,882Net loans & leases
  • $18,951Loan loss allowance
  • $0Trading account assets
  • $30,623Bank premises and fixed assets
  • $1,710Other real estate owned
  • $23,087Goodwill and other intangibles
  • $0Life insurance assets
  • $76,554All other assets
  • $2,071,257Total liabilities and capital
  • $1,950,582Total liabilities
  • $1,569,410Total deposits
  • $1,374,813Interest-bearing deposits
  • $1,569,410Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $243,138Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $123,500Other borrowed funds
  • $0Subordinated debt
  • $14,534All other liabilities
  • $120,675Total equity capital
  • $120,675Total bank equity capital
  • $120,675Perpetual preferred stock
  • $0Common stock
  • $9,735Surplus
  • $71,908Undivided profits
  • Memoranda
  • $39,032Noncurrent loans and leases
  • $296,509Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,304Earning assets
  • $1,596Long-term assets (5+ years)
  • $10,386Average Assets, year-to-date
  • $1,864,755Average Assets, quarterly
  • $493,759Volatile liabilities
  • $1,981,750Insider loans
  • $2,070,837FHLB advances
  • $427,542Loans and leases held for sale
  • $13,687Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $100,000Tier 2 risk-based capital
  • $2,442Total risk weighted assets
  • $296,509Total unused commitments
  • $0Restructured Loans and leases
  • $18,890Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $143,280Total interest income
  • $73,121Total interest expense
  • $70,159Net interest income
  • $7,135Provision for loan and lease losses
  • $18,613Total noninterest income
  • $0Fiduciary activities
  • $9,200Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,413Additional noninterest income
  • $47,961Total noninterest expense
  • $21,310Salaries and employee benefits
  • $9,277Premises and equipment expense
  • $17,374Additional noninterest expense
  • $33,676Pre-tax net operating income
  • $449Securities gains (losses)
  • $11,181Applicable income taxes
  • $22,944Income before extraordinary items
  • $0Extraordinary gains - net
  • $22,944Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,387Sale, conversion, retirement of capital stock, net
  • $46,031Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.97%Yield on earning assets
  • 4.07%Cost of funding earning assets
  • 3.90%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 15.52%Return on equity (ROE)
  • -15.62%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 132.45%Credit loss provision to net charge-offs
  • 7.58%Efficiency ratio
  • 50,656Assets per employee
  • 3.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 200.62%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 259.46%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 85.37%Net loans and leases to core deposits
  • 96.74%Equity capital to assets
  • 5.83%Core capital (leverage) ratio
  • 5.19%Tier 1 risk-based capital ratio
  • 7.02%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $1,981,750Average earning assets
  • $147,797Average equity
  • $1,796,840Average loans

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