Cabarrus Bank & Trust Company in Concord, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Cabarrus Bank & Trust Company in Concord, North Carolina (NC)
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Cabarrus Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 57545
    Status: Active
    Federal Reserve ID: 3166729
    Bank Holding Company (Regulatory Top Holder): Uwharrie Capital Corp (RSSDID: 2082532, Location: Albemarle, NC)
    Date Established: April 10, 2003
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 365439
    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: April 10, 2003
    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: 25 Palaside Drive, N.E., Concord, NC 28026
    County: Cabarrus
    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
  • Change in Primary Regulatory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $125.3 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $110.0 mil
    Return on assets (ROA): 0.14% ($0.2 mil)
    Quarterly return on assets: 0.13% ($0.2 mil)
    Return on Equity (ROE): 1.56% ($0.2 mil)
    Quarterly return on equity: 1.40% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.21% ($263.2 mil)
    Quarterly Pretax return on assets: 0.15% ($188.0 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
  • 18Total employees (full-time equivalent)
  • $125,338Total assets
  • $11,570Cash and due from depository institutions
  • $9,361Interest-bearing balances
  • $27,124Securities
  • $1,045Federal funds sold & reverse repurchase agreements
  • $79,167Net loans & leases
  • $1,467Loan loss allowance
  • $0Trading account assets
  • $2,279Bank premises and fixed assets
  • $1,924Other real estate owned
  • $0Goodwill and other intangibles
  • $125,338Life insurance assets
  • $2,229All other assets
  • $113,335Total liabilities and capital
  • $110,000Total liabilities
  • $91,946Total deposits
  • $110,000Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,066Trading liabilities
  • $0Other borrowed funds
  • $269Subordinated debt
  • $12,003All other liabilities
  • $12,003Total equity capital
  • $12,003Total bank equity capital
  • $3,000Perpetual preferred stock
  • $3,500Common stock
  • $4,500Surplus
  • $1,003Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,349Income earned, not collected on loans
  • $0Earning assets
  • $428Long-term assets (5+ years)
  • $116,697Average Assets, year-to-date
  • $27,185Average Assets, quarterly
  • $126,666Volatile liabilities
  • $126,299Insider loans
  • $88,277FHLB advances
  • $127,629Loans and leases held for sale
  • $568Unused loan commitments
  • $568Tier 1 (core) risk-based capital
  • $11,533Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,438Restructured Loans and leases
  • $2,961Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,495Total interest income
  • $905Total interest expense
  • $4,590Net interest income
  • $1,376Provision for loan and lease losses
  • $838Total noninterest income
  • $0Fiduciary activities
  • $272Service charges on deposit accounts
  • $0Trading account gains & fees
  • $566Additional noninterest income
  • $4,206Total noninterest expense
  • $1,253Salaries and employee benefits
  • $319Premises and equipment expense
  • $2,634Additional noninterest expense
  • -$154Pre-tax net operating income
  • $422Securities gains (losses)
  • $85Applicable income taxes
  • $183Income before extraordinary items
  • $0Extraordinary gains - net
  • $183Net income attributable to bank
  • $0Net charge-offs
  • $183Cash dividends
  • $1,586Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • -0.08%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 1.56%Return on equity (ROE)
  • 0.28%Retained earnings to average equity (YTD only)
  • 1.85%Net charge-offs to loans
  • 86.76%Credit loss provision to net charge-offs
  • 0.77%Efficiency ratio
  • 77,487Assets per employee
  • 6.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.97%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 62.45%Noncurrent assets plus other real estate owned to assets
  • 3.41%Noncurrent loans to loans
  • 2.91%Net loans and leases to deposits
  • 71.97%Net loans and leases to core deposits
  • 77.21%Equity capital to assets
  • 9.58%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 13.06%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $126,666Average earning assets
  • $11,744Average equity
  • $118,809Average loans

List of branches

  • 2 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365439Cabarrus Bank & Trust Company25 Palaside Drive, N.E., Concord, NC 28026April 10, 2003Full Service Brick and Mortar
    1418588Mount Pleasant Branch1490 South Main Street, Mount Pleasant, NC 28124December 02, 2002Full Service Brick and Mortar

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