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

This bank is inactive as of December 22, 1997

  • Carolina State Bank in Shelby, North Carolina (NC)
  • Show street view No street view available for this location

Carolina State Bank - Overview

  • General
  • FDIC Certificate #: 33368
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Charter Bank (#4886)
    Federal Reserve ID: 1850912
    Date Established: April 05, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11297
    FDIC's unique #: 46947
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 05, 1991
    Last Structure Change Effective Date: December 22, 1997
    Last Structure Change Process Date: December 31, 1997
    Last Data Update: January 07, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 316 South Lafayette Street, Shelby, NC 28150
    County: Cleveland
    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
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Shelby, NC (#43140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $142.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $57Total assets
  • $133,401Cash and due from depository institutions
  • $3,222Interest-bearing balances
  • $5Securities
  • $25,484Federal funds sold & reverse repurchase agreements
  • $4,510Net loans & leases
  • $94,636Loan loss allowance
  • $1,400Trading account assets
  • $0Bank premises and fixed assets
  • $2,569Other real estate owned
  • $0Goodwill and other intangibles
  • $2,244Life insurance assets
  • $736All other assets
  • $0Total liabilities and capital
  • $133,401Total liabilities
  • $121,089Total deposits
  • $114,641Interest-bearing deposits
  • $106,344Deposits held in domestic offices
  • 114641.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $634Trading liabilities
  • $0Other borrowed funds
  • $5,000Subordinated debt
  • $0All other liabilities
  • $814Total equity capital
  • $814Total bank equity capital
  • $12,312Perpetual preferred stock
  • $0Common stock
  • $4,797Surplus
  • $6,220Undivided profits
  • Memoranda
  • $1,295Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $355Income earned, not collected on loans
  • $717Earning assets
  • $124,635Long-term assets (5+ years)
  • $22,759Average Assets, year-to-date
  • $125,123Average Assets, quarterly
  • $130,914Volatile liabilities
  • $21,553Insider loans
  • $2,475FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $10,044Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,558Total risk weighted assets
  • $92,968Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,338Total interest expense
  • $5,541Net interest income
  • $4,797Provision for loan and lease losses
  • $620Total noninterest income
  • $1,000Fiduciary activities
  • $0Service charges on deposit accounts
  • $577Trading account gains & fees
  • $0Additional noninterest income
  • $423Total noninterest expense
  • $3,280Salaries and employee benefits
  • $1,582Premises and equipment expense
  • $456Additional noninterest expense
  • $1,242Pre-tax net operating income
  • $1,897Securities gains (losses)
  • $0Applicable income taxes
  • $681Income before extraordinary items
  • $1,216Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,216Net charge-offs
  • $420Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $2Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.84%Cost of funding earning assets
  • 4.74%Net interest margin
  • 4.10%Noninterest income to earning assets
  • 0.86%Noninterest expense to earning assets
  • 2.81%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 1.52%Return on equity (ROE)
  • 10.37%Retained earnings to average equity (YTD only)
  • 10.37%Net charge-offs to loans
  • 0.47%Credit loss provision to net charge-offs
  • 147.62%Efficiency ratio
  • 55,322Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 394.37%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 82.55%Net loans and leases to core deposits
  • 97.84%Equity capital to assets
  • 9.23%Core capital (leverage) ratio
  • 8.89%Tier 1 risk-based capital ratio
  • 12.43%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $125,123Average earning assets
  • $11,724Average equity
  • $116,901Average loans

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