Carolina Premier Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Carolina Premier Bank in Charlotte, North Carolina (NC)
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Carolina Premier Bank - Overview

  • General
  • FDIC Certificate #: 58516
    Status: Active
    Federal Reserve ID: 3551521
    Bank Holding Company (Regulatory Top Holder): Premara Financial, Inc. (RSSDID: 4262253, Location: Washington, DC)
    Date Established: August 29, 2007
    WWW: http://www.carolinapremierbank.com
    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 #: 455112
    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: August 29, 2007
    Last Structure Change Effective Date: July 24, 2010
    Last Structure Change Process Date: July 27, 2010
    Last Data Update: July 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 13024 Ballantyne Corporate Place, Charlotte, NC 28277
    County: Mecklenburg
    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 Location
  • Financial Summary
  • Total assets: $193.1 mil
    Equity capital: $21.2 mil
    Deposits held in domestic offices: $153.1 mil
    Return on assets (ROA): 0.45% ($0.9 mil)
    Quarterly return on assets: 0.34% ($0.7 mil)
    Return on Equity (ROE): 4.61% ($1.0 mil)
    Quarterly return on equity: 3.03% ($0.6 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.72% ($1,390.3 mil)
    Quarterly Pretax return on assets: 0.48% ($926.9 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
  • 38Total employees (full-time equivalent)
  • $193,102Total assets
  • $21,059Cash and due from depository institutions
  • $17,377Interest-bearing balances
  • $35,284Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $129,931Net loans & leases
  • $2,063Loan loss allowance
  • $0Trading account assets
  • $1,819Bank premises and fixed assets
  • $516Other real estate owned
  • $0Goodwill and other intangibles
  • $193,102Life insurance assets
  • $4,493All other assets
  • $171,929Total liabilities and capital
  • $153,122Total liabilities
  • $133,896Total deposits
  • $153,122Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,500Trading liabilities
  • $0Other borrowed funds
  • $307Subordinated debt
  • $21,173All other liabilities
  • $21,173Total equity capital
  • $21,173Total bank equity capital
  • $0Perpetual preferred stock
  • $11,013Common stock
  • $13,433Surplus
  • $-3,273Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,948Income earned, not collected on loans
  • $0Earning assets
  • $768Long-term assets (5+ years)
  • $182,592Average Assets, year-to-date
  • $51,486Average Assets, quarterly
  • $174,583Volatile liabilities
  • $190,732Insider loans
  • $131,072FHLB advances
  • $187,251Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,084Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,763Restructured Loans and leases
  • $2,501Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,555Total interest income
  • $2,059Total interest expense
  • $6,496Net interest income
  • $315Provision for loan and lease losses
  • $254Total noninterest income
  • $0Fiduciary activities
  • $23Service charges on deposit accounts
  • $0Trading account gains & fees
  • $231Additional noninterest income
  • $5,337Total noninterest expense
  • $2,631Salaries and employee benefits
  • $885Premises and equipment expense
  • $1,821Additional noninterest expense
  • $1,098Pre-tax net operating income
  • $166Securities gains (losses)
  • $481Applicable income taxes
  • $783Income before extraordinary items
  • $0Extraordinary gains - net
  • $783Net income attributable to bank
  • $0Net charge-offs
  • $783Cash dividends
  • $235Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 4.61%Return on equity (ROE)
  • 4.61%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 134.04%Credit loss provision to net charge-offs
  • 6.01%Efficiency ratio
  • 79,067Assets per employee
  • 5.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 105.90%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 1.48%Net loans and leases to deposits
  • 84.85%Net loans and leases to core deposits
  • 100.05%Equity capital to assets
  • 10.96%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 14.56%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $174,583Average earning assets
  • $16,996Average equity
  • $164,943Average loans

List of branches

  • 2 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455112Carolina Premier Bank13024 Ballantyne Corporate Place, Charlotte, NC 28277August 29, 2007Full Service Brick and Mortar
    1501281Blakeney Park Drive Branch6225 Blakeney Park Drive, Charlotte, NC 28277January 04, 2010Full Service Brick and Mortar

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