Bank of the Carolinas in Landis, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2001

  • Bank of the Carolinas in Landis, North Carolina (NC)
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Bank of the Carolinas - Overview

  • General
  • FDIC Certificate #: 32366
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of the Carolinas (#34903)
    Federal Reserve ID: 320276
    Date Established: April 04, 1913
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 8189
    FDIC's unique #: 45200
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 26, 1985
    Last Structure Change Effective Date: December 31, 2001
    Last Structure Change Process Date: January 22, 2002
    Last Data Update: January 22, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 107 South Central Avenue, Landis, NC 28088
    County: Rowan
    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): Salisbury, NC (#41580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $45.4 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, 2000)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $35,027Total assets
  • $929Cash and due from depository institutions
  • $446Interest-bearing balances
  • $5,230Securities
  • $1,894Federal funds sold & reverse repurchase agreements
  • $25,638Net loans & leases
  • $39Loan loss allowance
  • $0Trading account assets
  • $1,073Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $263All other assets
  • $35,027Total liabilities and capital
  • $27,059Total liabilities
  • $26,866Total deposits
  • $26,321Interest-bearing deposits
  • $26,866Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $193All other liabilities
  • $7,968Total equity capital
  • $7,968Total bank equity capital
  • $7,968Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $2,621Undivided profits
  • Memoranda
  • $2,847Noncurrent loans and leases
  • $4,999Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $24Average Assets, year-to-date
  • $33,208Average Assets, quarterly
  • $13,642Volatile liabilities
  • $33,057Insider loans
  • $34,372FHLB advances
  • $4,477Loans and leases held for sale
  • $422Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,999Total unused commitments
  • $0Restructured Loans and leases
  • $39Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $2,499Total interest income
  • $1,339Total interest expense
  • $1,160Net interest income
  • $9Provision for loan and lease losses
  • $117Total noninterest income
  • $0Fiduciary activities
  • $1Service charges on deposit accounts
  • $0Trading account gains & fees
  • $116Additional noninterest income
  • $1,060Total noninterest expense
  • $672Salaries and employee benefits
  • $107Premises and equipment expense
  • $281Additional noninterest expense
  • $208Pre-tax net operating income
  • -$13Securities gains (losses)
  • $60Applicable income taxes
  • $135Income before extraordinary items
  • $0Extraordinary gains - net
  • $135Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.02%Yield on earning assets
  • 4.30%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 1.65%Return on equity (ROE)
  • -22.75%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 83,007Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1481.48%Loss allowance to loans
  • 0.15%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 95.43%Net loans and leases to core deposits
  • 114.51%Equity capital to assets
  • 22.75%Core capital (leverage) ratio
  • 23.07%Tier 1 risk-based capital ratio
  • 38.89%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $33,057Average earning assets
  • $8,198Average equity
  • $31,157Average loans

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