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

This bank is inactive as of May 18, 2000

  • Cabarrus Bank of North Carolina in Concord, North Carolina (NC)
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Cabarrus Bank of North Carolina - Overview

  • General
  • FDIC Certificate #: 31161
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Charter Bank (#4886)
    Federal Reserve ID: 770170
    Date Established: January 01, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 6473
    FDIC's unique #: 43995
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 24, 1960
    Last Structure Change Effective Date: May 18, 2000
    Last Structure Change Process Date: May 30, 2000
    Last Data Update: May 30, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 71 Mccachern Boulevard, Concord, NC 28025
    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)
  • Financial Summary
  • Total assets: $170.8 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
  • 48Total employees (full-time equivalent)
  • $172,098Total assets
  • $6,135Cash and due from depository institutions
  • $408Interest-bearing balances
  • $31,610Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $128,052Net loans & leases
  • $1,856Loan loss allowance
  • $0Trading account assets
  • $2,031Bank premises and fixed assets
  • $4Other real estate owned
  • $2,133Goodwill and other intangibles
  • $0Life insurance assets
  • $2,133All other assets
  • $172,098Total liabilities and capital
  • $157,493Total liabilities
  • $143,237Total deposits
  • $123,068Interest-bearing deposits
  • $143,237Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,614Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $642All other liabilities
  • $14,605Total equity capital
  • $14,605Total bank equity capital
  • $14,605Perpetual preferred stock
  • $0Common stock
  • $738Surplus
  • $5,376Undivided profits
  • Memoranda
  • $8,491Noncurrent loans and leases
  • $30,279Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $275Earning assets
  • $0Long-term assets (5+ years)
  • $887Average Assets, year-to-date
  • $160,070Average Assets, quarterly
  • $38,670Volatile liabilities
  • $170,146Insider loans
  • $170,936FHLB advances
  • $35,246Loans and leases held for sale
  • $2,918Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $30,279Total unused commitments
  • $0Restructured Loans and leases
  • $1,583Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $12,820Total interest income
  • $5,565Total interest expense
  • $7,255Net interest income
  • $500Provision for loan and lease losses
  • $1,358Total noninterest income
  • $0Fiduciary activities
  • $1,011Service charges on deposit accounts
  • $0Trading account gains & fees
  • $347Additional noninterest income
  • $5,321Total noninterest expense
  • $2,678Salaries and employee benefits
  • $813Premises and equipment expense
  • $1,830Additional noninterest expense
  • $2,792Pre-tax net operating income
  • -$40Securities gains (losses)
  • $808Applicable income taxes
  • $1,944Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,944Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $354Sale, conversion, retirement of capital stock, net
  • $360Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.27%Yield on earning assets
  • 3.59%Cost of funding earning assets
  • 4.68%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 13.76%Return on equity (ROE)
  • 11.21%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 141.24%Credit loss provision to net charge-offs
  • 9.30%Efficiency ratio
  • 59,805Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.52%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 674.91%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 89.40%Net loans and leases to core deposits
  • 105.30%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 10.21%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $170,146Average earning assets
  • $14,131Average equity
  • $155,049Average loans

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