Cardinal State Bank in Durham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2008

  • Cardinal State Bank in Durham, North Carolina (NC)
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Cardinal State Bank - Overview

  • General
  • FDIC Certificate #: 57172
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Yadkin Valley Bank and Trust Company (#19861)
    Federal Reserve ID: 3035245
    Date Established: June 27, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 359001
    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 27, 2001
    Last Structure Change Effective Date: March 31, 2008
    Last Structure Change Process Date: April 21, 2008
    Last Data Update: April 21, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 3400 Westgate Drive, Durham, NC 27707
    County: Durham
    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): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500)
    CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
  • Financial Summary
  • Total assets: $198.1 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, 2007)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $198,093Total assets
  • $24,184Cash and due from depository institutions
  • $21,517Interest-bearing balances
  • $503Securities
  • $13,415Federal funds sold & reverse repurchase agreements
  • $151,600Net loans & leases
  • $1,978Loan loss allowance
  • $0Trading account assets
  • $4,725Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,666All other assets
  • $198,093Total liabilities and capital
  • $177,269Total liabilities
  • $170,082Total deposits
  • $156,842Interest-bearing deposits
  • $170,082Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $171Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,323Other borrowed funds
  • $0Subordinated debt
  • $2,693All other liabilities
  • $20,824Total equity capital
  • $20,824Total bank equity capital
  • $20,824Perpetual preferred stock
  • $0Common stock
  • $11,411Surplus
  • $12,732Undivided profits
  • Memoranda
  • $-3,319Noncurrent loans and leases
  • $33,979Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,547Earning assets
  • $0Long-term assets (5+ years)
  • $630Average Assets, year-to-date
  • $187,035Average Assets, quarterly
  • $36,644Volatile liabilities
  • $194,580Insider loans
  • $198,900FHLB advances
  • $30,619Loans and leases held for sale
  • $2,377Unused loan commitments
  • $4,323Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $33,979Total unused commitments
  • $0Restructured Loans and leases
  • $1,969Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $13,141Total interest income
  • $6,861Total interest expense
  • $6,280Net interest income
  • $223Provision for loan and lease losses
  • $459Total noninterest income
  • $0Fiduciary activities
  • $359Service charges on deposit accounts
  • $0Trading account gains & fees
  • $100Additional noninterest income
  • $7,062Total noninterest expense
  • $3,239Salaries and employee benefits
  • $1,209Premises and equipment expense
  • $2,614Additional noninterest expense
  • -$546Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,039Applicable income taxes
  • $1,493Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,493Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $166Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.13%Yield on earning assets
  • 3.72%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • -0.28%Pretax return on assets
  • 7.46%Return on equity (ROE)
  • 7.46%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 134.34%Credit loss provision to net charge-offs
  • -1.95%Efficiency ratio
  • 104,793Assets per employee
  • 5.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 127.86%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 89.13%Net loans and leases to core deposits
  • 107.04%Equity capital to assets
  • 10.51%Core capital (leverage) ratio
  • 10.27%Tier 1 risk-based capital ratio
  • 13.22%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $194,580Average earning assets
  • $20,003Average equity
  • $184,373Average loans

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