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

This bank is inactive as of Febuary 19, 2000

  • Bank of Mecklenburg in Charlotte, North Carolina (NC)
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Bank of Mecklenburg - Overview

  • General
  • FDIC Certificate #: 27553
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 1400157
    Date Established: July 12, 1989
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 10535
    FDIC's unique #: 40333
    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: July 12, 1989
    Last Structure Change Effective Date: Febuary 19, 2000
    Last Structure Change Process Date: May 11, 2000
    Last Data Update: May 11, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 2000 Randolph Road, Charlotte, NC 28207
    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)
  • Financial Summary
  • Total assets: $265.6 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
  • 24Total employees (full-time equivalent)
  • $265,559Total assets
  • $9,036Cash and due from depository institutions
  • $2,546Interest-bearing balances
  • $62,818Securities
  • $15,840Federal funds sold & reverse repurchase agreements
  • $163,159Net loans & leases
  • $2,195Loan loss allowance
  • $0Trading account assets
  • $5,950Bank premises and fixed assets
  • $0Other real estate owned
  • $492Goodwill and other intangibles
  • $0Life insurance assets
  • $8,264All other assets
  • $265,559Total liabilities and capital
  • $247,046Total liabilities
  • $222,452Total deposits
  • $205,031Interest-bearing deposits
  • $222,452Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $21,208Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $412Other borrowed funds
  • $0Subordinated debt
  • $2,974All other liabilities
  • $18,513Total equity capital
  • $18,513Total bank equity capital
  • $18,513Perpetual preferred stock
  • $0Common stock
  • $4,370Surplus
  • $11,321Undivided profits
  • Memoranda
  • $2,822Noncurrent loans and leases
  • $37,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $334Earning assets
  • $0Long-term assets (5+ years)
  • $953Average Assets, year-to-date
  • $244,363Average Assets, quarterly
  • $54,591Volatile liabilities
  • $249,983Insider loans
  • $268,836FHLB advances
  • $46,478Loans and leases held for sale
  • $7,923Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $37,341Total unused commitments
  • $0Restructured Loans and leases
  • $2,195Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $17,385Total interest income
  • $9,504Total interest expense
  • $7,881Net interest income
  • $352Provision for loan and lease losses
  • $574Total noninterest income
  • $0Fiduciary activities
  • $269Service charges on deposit accounts
  • $0Trading account gains & fees
  • $305Additional noninterest income
  • $2,786Total noninterest expense
  • $896Salaries and employee benefits
  • $516Premises and equipment expense
  • $1,374Additional noninterest expense
  • $5,317Pre-tax net operating income
  • $141Securities gains (losses)
  • $1,969Applicable income taxes
  • $3,489Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,489Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $92Sale, conversion, retirement of capital stock, net
  • $5,963Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.55%Yield on earning assets
  • 4.13%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 1.21%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 2.18%Pretax return on assets
  • 16.10%Return on equity (ROE)
  • -11.42%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 335.24%Credit loss provision to net charge-offs
  • 61.62%Efficiency ratio
  • 31,130Assets per employee
  • 11.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 170.91%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 657.19%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 73.35%Net loans and leases to core deposits
  • 82.57%Equity capital to assets
  • 6.97%Core capital (leverage) ratio
  • 7.11%Tier 1 risk-based capital ratio
  • 10.03%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $249,983Average earning assets
  • $21,668Average equity
  • $230,338Average loans

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