Cape Fear Bank in Wilmington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 10, 2009

  • Cape Fear Bank in Wilmington, North Carolina (NC)
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Cape Fear Bank - Overview

  • General
  • FDIC Certificate #: 34639
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Federal Savings and Loan Association of Charleston (#28994)
    Federal Reserve ID: 2706016
    Date Established: June 22, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 60862
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 22, 1998
    Last Structure Change Effective Date: April 10, 2009
    Last Structure Change Process Date: April 13, 2009
    Last Data Update: April 13, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1117 Military Cutoff Road, Wilmington, NC 28405
    County: New Hanover
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Wilmington, NC (#9200)
    Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
    CBSA Metro Statistical Area: Wilmington, NC (#48900)
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $492.4 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, 2008)

  • Dollar figures in thousands
  • 94Total employees (full-time equivalent)
  • $473,112Total assets
  • $5,341Cash and due from depository institutions
  • $407Interest-bearing balances
  • $60,227Securities
  • $70Federal funds sold & reverse repurchase agreements
  • $381,808Net loans & leases
  • $8,699Loan loss allowance
  • $0Trading account assets
  • $3,808Bank premises and fixed assets
  • $3,945Other real estate owned
  • $0Goodwill and other intangibles
  • $5,834Life insurance assets
  • $17,913All other assets
  • $473,112Total liabilities and capital
  • $441,834Total liabilities
  • $401,488Total deposits
  • $379,782Interest-bearing deposits
  • $401,488Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $38,500Other borrowed funds
  • $0Subordinated debt
  • $1,846All other liabilities
  • $31,278Total equity capital
  • $31,278Total bank equity capital
  • $31,278Perpetual preferred stock
  • $0Common stock
  • $11,956Surplus
  • $21,334Undivided profits
  • Memoranda
  • $-2,012Noncurrent loans and leases
  • $51,890Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,994Earning assets
  • $0Long-term assets (5+ years)
  • $2,164Average Assets, year-to-date
  • $442,512Average Assets, quarterly
  • $65,529Volatile liabilities
  • $478,616Insider loans
  • $481,782FHLB advances
  • $93,441Loans and leases held for sale
  • $1,418Unused loan commitments
  • $38,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $51,890Total unused commitments
  • $12Restructured Loans and leases
  • $5,105Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $27,440Total interest income
  • $17,184Total interest expense
  • $10,256Net interest income
  • $8,173Provision for loan and lease losses
  • $1,428Total noninterest income
  • $0Fiduciary activities
  • $779Service charges on deposit accounts
  • $0Trading account gains & fees
  • $649Additional noninterest income
  • $12,386Total noninterest expense
  • $4,427Salaries and employee benefits
  • $2,202Premises and equipment expense
  • $5,757Additional noninterest expense
  • -$8,875Pre-tax net operating income
  • -$48Securities gains (losses)
  • -$3,748Applicable income taxes
  • -$5,175Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,175Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,245Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.13%Yield on earning assets
  • 3.84%Cost of funding earning assets
  • 2.29%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • -1.07%Net operating income to assets
  • -1.08%Return on assets (ROA)
  • -1.86%Pretax return on assets
  • -14.89%Return on equity (ROE)
  • -16.33%Retained earnings to average equity (YTD only)
  • 1.36%Net charge-offs to loans
  • 155.82%Credit loss provision to net charge-offs
  • -0.13%Efficiency ratio
  • 106,008Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -9.66%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 62.16%Noncurrent assets plus other real estate owned to assets
  • 3.79%Noncurrent loans to loans
  • 3.58%Net loans and leases to deposits
  • 95.10%Net loans and leases to core deposits
  • 115.86%Equity capital to assets
  • 6.61%Core capital (leverage) ratio
  • 5.74%Tier 1 risk-based capital ratio
  • 6.85%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $478,616Average earning assets
  • $34,761Average equity
  • $447,499Average loans

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