Aquesta Bank in Cornelius, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Aquesta Bank - Overview

  • General
  • FDIC Certificate #: 58296
    Status: Active
    Federal Reserve ID: 3446636
    Date Established: August 01, 2006
    WWW: http://www.aquesta.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 445616
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 01, 2006
    Last Structure Change Effective Date: Febuary 19, 2008
    Last Structure Change Process Date: March 31, 2008
    Last Data Update: March 31, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 19510 Jetton Road, Cornelius, NC 28031
    County: Mecklenburg
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $199.1 mil
    Equity capital: $20.5 mil
    Deposits held in domestic offices: $157.0 mil
    Return on assets (ROA): -0.46% (-$0.9 mil)
    Quarterly return on assets: 0.15% ($0.3 mil)
    Return on Equity (ROE): -4.47% (-$0.9 mil)
    Quarterly return on equity: 1.53% ($0.3 mil)
    Net income: -$0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.82% (-$1,632.5 mil)
    Quarterly Pretax return on assets: 0.15% ($298.6 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, 2011)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $199,088Total assets
  • $3,046Cash and due from depository institutions
  • $265Interest-bearing balances
  • $52,856Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $114,120Net loans & leases
  • $1,811Loan loss allowance
  • $0Trading account assets
  • $9,766Bank premises and fixed assets
  • $3,631Other real estate owned
  • $2,566Goodwill and other intangibles
  • $199,088Life insurance assets
  • $13,103All other assets
  • $178,580Total liabilities and capital
  • $157,025Total liabilities
  • $131,069Total deposits
  • $157,025Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1813.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,389Trading liabilities
  • $0Other borrowed funds
  • $353Subordinated debt
  • $20,508All other liabilities
  • $20,508Total equity capital
  • $20,508Total bank equity capital
  • $0Perpetual preferred stock
  • $10,675Common stock
  • $12,811Surplus
  • $-2,978Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,877Income earned, not collected on loans
  • $154Earning assets
  • $833Long-term assets (5+ years)
  • $167,241Average Assets, year-to-date
  • $61,525Average Assets, quarterly
  • $203,380Volatile liabilities
  • $203,310Insider loans
  • $173,340FHLB advances
  • $201,814Loans and leases held for sale
  • $5,118Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,123Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,118Total unused commitments
  • $11,517Restructured Loans and leases
  • $11,739Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,491Total interest income
  • $2,385Total interest expense
  • $7,106Net interest income
  • $3,205Provision for loan and lease losses
  • $1,647Total noninterest income
  • $0Fiduciary activities
  • $409Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,238Additional noninterest income
  • $7,899Total noninterest expense
  • $4,574Salaries and employee benefits
  • $925Premises and equipment expense
  • $2,400Additional noninterest expense
  • -$2,351Pre-tax net operating income
  • $676Securities gains (losses)
  • -$747Applicable income taxes
  • -$928Income before extraordinary items
  • $0Extraordinary gains - net
  • -$928Net income attributable to bank
  • $0Net charge-offs
  • -$928Cash dividends
  • $2,605Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 4.52%Noninterest expense to earning assets
  • -0.67%Net operating income to assets
  • -0.46%Return on assets (ROA)
  • -0.82%Pretax return on assets
  • -4.47%Return on equity (ROE)
  • -4.47%Retained earnings to average equity (YTD only)
  • 2.11%Net charge-offs to loans
  • 123.03%Credit loss provision to net charge-offs
  • 0.33%Efficiency ratio
  • 88,347Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 37.13%Noncurrent assets plus other real estate owned to assets
  • 4.27%Noncurrent loans to loans
  • 4.21%Net loans and leases to deposits
  • 72.68%Net loans and leases to core deposits
  • 80.18%Equity capital to assets
  • 10.30%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 10.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $203,380Average earning assets
  • $20,763Average equity
  • $174,649Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445616Aquesta Bank19510 Jetton Road, Cornelius, NC 28031August 01, 2006Full Service Brick and Mortar
    1470785Davidson Commons Branch568 Jetton Street, Suite 100, Davidson, NC 28036December 03, 2007Full Service Brick and Mortar
    2502036Mooresville Branch837 Williamson Road, Mooresville, NC 28117December 22, 2009Full Service Brick and Mortar
    3521465Brawley School Branch1078 Brawley School Road, Mooresville, NC 28117May 25, 2011Full Service Brick and Mortar

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