BlueHarbor Bank in Mooresville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • BlueHarbor Bank in Mooresville, North Carolina (NC)
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BlueHarbor Bank - Overview

  • General
  • FDIC Certificate #: 58691
    Status: Active
    Federal Reserve ID: 3636914
    Date Established: January 08, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 463040
    Numeric code: 21
    Regulator: FDIC
    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 08, 2008
    Last Structure Change Effective Date: April 30, 2009
    Last Structure Change Process Date: April 30, 2009
    Last Data Update: April 30, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 Corporate Park Drive, Mooresville, NC 28117
    County: Iredell
    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): Statesville-Mooresville, NC (#44380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $137.9 mil
    Equity capital: $19.2 mil
    Deposits held in domestic offices: $117.4 mil
    Return on assets (ROA): 0.31% ($0.4 mil)
    Quarterly return on assets: 0.33% ($0.5 mil)
    Return on Equity (ROE): 2.19% ($0.4 mil)
    Quarterly return on equity: 2.36% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.53% ($730.7 mil)
    Quarterly Pretax return on assets: 0.56% ($772.1 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
  • 19Total employees (full-time equivalent)
  • $137,869Total assets
  • $16,557Cash and due from depository institutions
  • $2,949Interest-bearing balances
  • $20,614Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $91,671Net loans & leases
  • $1,665Loan loss allowance
  • $0Trading account assets
  • $2,156Bank premises and fixed assets
  • $4,328Other real estate owned
  • $37Goodwill and other intangibles
  • $137,869Life insurance assets
  • $2,506All other assets
  • $118,637Total liabilities and capital
  • $117,362Total liabilities
  • $110,747Total deposits
  • $117,362Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 392.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $883Subordinated debt
  • $19,232All other liabilities
  • $19,232Total equity capital
  • $19,232Total bank equity capital
  • $0Perpetual preferred stock
  • $9,500Common stock
  • $11,773Surplus
  • $-2,041Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,547Income earned, not collected on loans
  • $899Earning assets
  • $338Long-term assets (5+ years)
  • $115,234Average Assets, year-to-date
  • $17,795Average Assets, quarterly
  • $133,964Volatile liabilities
  • $137,886Insider loans
  • $99,431FHLB advances
  • $136,762Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,665Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,747Restructured Loans and leases
  • $1,852Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,572Total interest income
  • $1,211Total interest expense
  • $4,361Net interest income
  • $447Provision for loan and lease losses
  • $243Total noninterest income
  • $0Fiduciary activities
  • $34Service charges on deposit accounts
  • $0Trading account gains & fees
  • $209Additional noninterest income
  • $3,470Total noninterest expense
  • $1,754Salaries and employee benefits
  • $477Premises and equipment expense
  • $1,239Additional noninterest expense
  • $687Pre-tax net operating income
  • $24Securities gains (losses)
  • $299Applicable income taxes
  • $412Income before extraordinary items
  • $0Extraordinary gains - net
  • $412Net income attributable to bank
  • $0Net charge-offs
  • $412Cash dividends
  • $219Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 2.19%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 204.11%Credit loss provision to net charge-offs
  • 5.18%Efficiency ratio
  • 75,369Assets per employee
  • 7.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 65.37%Noncurrent assets plus other real estate owned to assets
  • 4.99%Noncurrent loans to loans
  • 2.73%Net loans and leases to deposits
  • 78.11%Net loans and leases to core deposits
  • 98.92%Equity capital to assets
  • 13.95%Core capital (leverage) ratio
  • 12.92%Tier 1 risk-based capital ratio
  • 17.77%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $133,964Average earning assets
  • $18,823Average equity
  • $114,879Average loans

List of branches

  • 2 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463040Blueharbor Bank106 Corporate Park Drive, Mooresville, NC 28117January 08, 2008Full Service Brick and Mortar
    1496082Huntersville Branch104 North Statesville Road, Huntersville, NC 28078November 28, 2008Full Service Brick and Mortar

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