- bankencyclopedia.com
- Banks in North Carolina (NC)
- Bank of America, National Association
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)
-
Show street view
No street view available for this location
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
Corrections - 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
- bankencyclopedia.com
- Banks in North Carolina (NC)
- Bank of America, National Association
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of America, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: