Bank of Stanly in Albemarle, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of Stanly - Overview

  • General
  • FDIC Certificate #: 24919
    Status: Active
    Federal Reserve ID: 590220
    Bank Holding Company (Regulatory Top Holder): Uwharrie Capital Corp (RSSDID: 2082532, Location: Albemarle, NC)
    Date Established: January 26, 1984
    WWW: http://www.bankofstanly.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 9693
    FDIC's unique #: 17273
    Numeric code: 13
    Regulator: FED
    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: January 26, 1984
    Last Structure Change Effective Date: December 15, 2008
    Last Structure Change Process Date: January 28, 2009
    Last Data Update: January 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 167 North Second Street, Albemarle, NC 28001
    County: Stanly
    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
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Albemarle, NC (#10620)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $342.6 mil
    Equity capital: $31.8 mil
    Deposits held in domestic offices: $285.0 mil
    Return on assets (ROA): 0.33% ($1.1 mil)
    Quarterly return on assets: -0.11% (-$0.4 mil)
    Return on Equity (ROE): 3.65% ($1.2 mil)
    Quarterly return on equity: -1.22% (-$0.4 mil)
    Net income: $1.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.42% ($1,438.7 mil)
    Quarterly Pretax return on assets: -0.27% (-$924.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 64Total employees (full-time equivalent)
  • $342,556Total assets
  • $14,958Cash and due from depository institutions
  • $10,059Interest-bearing balances
  • $53,286Securities
  • $460Federal funds sold & reverse repurchase agreements
  • $240,634Net loans & leases
  • $4,335Loan loss allowance
  • $0Trading account assets
  • $10,876Bank premises and fixed assets
  • $6,966Other real estate owned
  • $2,129Goodwill and other intangibles
  • $342,556Life insurance assets
  • $13,247All other assets
  • $310,791Total liabilities and capital
  • $284,952Total liabilities
  • $273,526Total deposits
  • $284,952Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $23,100Trading liabilities
  • $0Other borrowed funds
  • $2,739Subordinated debt
  • $31,765All other liabilities
  • $31,765Total equity capital
  • $31,765Total bank equity capital
  • $3,000Perpetual preferred stock
  • $2,459Common stock
  • $3,862Surplus
  • $22,444Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,958Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,703Income earned, not collected on loans
  • $0Earning assets
  • $1,391Long-term assets (5+ years)
  • $304,439Average Assets, year-to-date
  • $93,305Average Assets, quarterly
  • $341,674Volatile liabilities
  • $343,539Insider loans
  • $250,442FHLB advances
  • $342,337Loans and leases held for sale
  • $4,918Unused loan commitments
  • $2,180Tier 1 (core) risk-based capital
  • $30,231Tier 2 risk-based capital
  • $1,980Total risk weighted assets
  • $758Total unused commitments
  • $50,154Restructured Loans and leases
  • $12,796Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,723Total interest income
  • $2,728Total interest expense
  • $12,995Net interest income
  • $1,830Provision for loan and lease losses
  • $4,426Total noninterest income
  • $0Fiduciary activities
  • $1,159Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,267Additional noninterest income
  • $14,644Total noninterest expense
  • $4,014Salaries and employee benefits
  • $1,066Premises and equipment expense
  • $9,564Additional noninterest expense
  • $947Pre-tax net operating income
  • $480Securities gains (losses)
  • $309Applicable income taxes
  • $1,118Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,118Net income attributable to bank
  • $0Net charge-offs
  • $1,118Cash dividends
  • $3,900Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.24%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 4.77%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 3.65%Return on equity (ROE)
  • 3.16%Retained earnings to average equity (YTD only)
  • 1.55%Net charge-offs to loans
  • 46.92%Credit loss provision to net charge-offs
  • 0.71%Efficiency ratio
  • 84,059Assets per employee
  • 5.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.42%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 92.18%Noncurrent assets plus other real estate owned to assets
  • 3.41%Noncurrent loans to loans
  • 1.92%Net loans and leases to deposits
  • 84.45%Net loans and leases to core deposits
  • 88.58%Equity capital to assets
  • 9.27%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 12.07%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $341,674Average earning assets
  • $30,610Average equity
  • $306,710Average loans

List of branches

  • 6 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017273Bank Of Stanly167 North Second Street, Albemarle, NC 28001January 26, 1984Full Service Brick and Mortar
    1257729Village Branch710 North First Street, Albemarle, NC 28001June 26, 1984Full Service Brick and Mortar
    2257730Norwood Branch107 South Main Street, Norwood, NC 28128April 13, 1987Full Service Brick and Mortar
    3260061Albemarle Branch800 Highway 24-27 Bypass, Albemarle, NC 28001July 21, 1986Full Service Brick and Mortar
    4257731Oakboro Branch624 North Main Street, Oakboro, NC 28129November 15, 1993Full Service Brick and Mortar
    7457660West Stanly Branch416 West Main Street, Po Box 715, Locust, NC 28097January 02, 2007Full Service Brick and Mortar

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