Bank of America, National Association in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 23, 1999

  • Bank of America, National Association in Charlotte, North Carolina (NC)
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Bank of America, National Association - Overview

  • General
  • FDIC Certificate #: 15802
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 480228
    Date Established: April 15, 1941
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3006 (Interstate: No)
    FDIC's unique #: 10047
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: April 15, 1941
    Last Structure Change Effective Date: July 23, 1999
    Last Structure Change Process Date: August 04, 1999
    Last Data Update: November 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 South Tryon Street, Nc1-007-58-01, Charlotte, NC 28255
    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
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $322,913.0 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, 1998)

  • Dollar figures in thousands
  • 88,975Total employees (full-time equivalent)
  • $317,127,000Total assets
  • $16,176,000Cash and due from depository institutions
  • $5,135,000Interest-bearing balances
  • $61,912,000Securities
  • $14,136,000Federal funds sold & reverse repurchase agreements
  • $173,735,000Net loans & leases
  • $2,494,000Loan loss allowance
  • $21,855,000Trading account assets
  • $3,672,000Bank premises and fixed assets
  • $152,000Other real estate owned
  • $9,742,000Goodwill and other intangibles
  • $0Life insurance assets
  • $15,747,000All other assets
  • $317,127,000Total liabilities and capital
  • $289,158,000Total liabilities
  • $178,172,000Total deposits
  • $132,229,000Interest-bearing deposits
  • $161,359,000Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $55,307,000Federal funds purchased & repurchase agreements
  • $15,055,000Trading liabilities
  • $21,227,000Other borrowed funds
  • $3,888,000Subordinated debt
  • $15,509,000All other liabilities
  • $27,969,000Total equity capital
  • $27,969,000Total bank equity capital
  • $27,969,000Perpetual preferred stock
  • $0Common stock
  • $3,710,000Surplus
  • $17,495,000Undivided profits
  • Memoranda
  • $6,764,000Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,481,000Earning assets
  • $188,000Long-term assets (5+ years)
  • $1,177,000Average Assets, year-to-date
  • $269,258,000Average Assets, quarterly
  • $97,944,000Volatile liabilities
  • $310,466,016Insider loans
  • $312,379,400FHLB advances
  • $110,385,000Loans and leases held for sale
  • $304,000Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,353,000Total risk weighted assets
  • $116,421,000Total unused commitments
  • $0Restructured Loans and leases
  • $250,159,400Derivatives
  • $9,875,000Total assets and liabilities in foreign offices

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $17,984,000Total interest income
  • $8,737,000Total interest expense
  • $9,247,000Net interest income
  • $317,000Provision for loan and lease losses
  • $5,603,000Total noninterest income
  • $657,000Fiduciary activities
  • $1,863,000Service charges on deposit accounts
  • $187,000Trading account gains & fees
  • $2,896,000Additional noninterest income
  • $9,176,000Total noninterest expense
  • $3,707,000Salaries and employee benefits
  • $1,543,000Premises and equipment expense
  • $3,926,000Additional noninterest expense
  • $5,357,000Pre-tax net operating income
  • $842,000Securities gains (losses)
  • $2,170,000Applicable income taxes
  • $4,029,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,029,000Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $460,000Sale, conversion, retirement of capital stock, net
  • $3,384,000Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.76%Yield on earning assets
  • 3.28%Cost of funding earning assets
  • 3.48%Net interest margin
  • 2.11%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 2.00%Pretax return on assets
  • 14.55%Return on equity (ROE)
  • 2.33%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 68.91%Credit loss provision to net charge-offs
  • 12.33%Efficiency ratio
  • 58,714Assets per employee
  • 3.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.99%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 168.40%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 97.51%Net loans and leases to core deposits
  • 120.14%Equity capital to assets
  • 8.82%Core capital (leverage) ratio
  • 6.55%Tier 1 risk-based capital ratio
  • 7.73%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $310,466,016Average earning assets
  • $27,696,243Average equity
  • $266,039,691Average loans

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