Catawba Valley Bank in Hickory, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 06, 2006

  • Catawba Valley Bank in Hickory, North Carolina (NC)
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Catawba Valley Bank - Overview

  • General
  • FDIC Certificate #: 34083
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Gaston Bank of North Carolina (#34041)
    Federal Reserve ID: 2356336
    Date Established: November 01, 1995
    WWW: http://www.catawbavalleybank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    OTS Docket #: 14155
    FDIC's unique #: 56220
    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: November 01, 1995
    Last Structure Change Effective Date: January 06, 2006
    Last Structure Change Process Date: Febuary 10, 2006
    Last Data Update: Febuary 10, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1039 Second Street, N.E., Hickory, NC 28601
    County: Catawba
    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): Hickory-Morganton-Lenoir, NC (#3290)
    Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
    CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
  • Financial Summary
  • Total assets: $439.7 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, 2005)

  • Dollar figures in thousands
  • 98Total employees (full-time equivalent)
  • $439,681Total assets
  • $14,606Cash and due from depository institutions
  • $6,642Interest-bearing balances
  • $53,768Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $326,156Net loans & leases
  • $6,238Loan loss allowance
  • $0Trading account assets
  • $12,446Bank premises and fixed assets
  • $609Other real estate owned
  • $18,569Goodwill and other intangibles
  • $0Life insurance assets
  • $13,527All other assets
  • $439,681Total liabilities and capital
  • $385,108Total liabilities
  • $367,496Total deposits
  • $335,739Interest-bearing deposits
  • $367,496Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,603Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,563Other borrowed funds
  • $0Subordinated debt
  • $2,446All other liabilities
  • $54,573Total equity capital
  • $54,573Total bank equity capital
  • $54,573Perpetual preferred stock
  • $0Common stock
  • $5,297Surplus
  • $36,111Undivided profits
  • Memoranda
  • $13,165Noncurrent loans and leases
  • $70,834Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,660Earning assets
  • $0Long-term assets (5+ years)
  • $2,256Average Assets, year-to-date
  • $386,566Average Assets, quarterly
  • $26,284Volatile liabilities
  • $448,574Insider loans
  • $442,089FHLB advances
  • $95,177Loans and leases held for sale
  • $4,971Unused loan commitments
  • $12,563Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,727Total risk weighted assets
  • $70,834Total unused commitments
  • $0Restructured Loans and leases
  • $4,742Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $25,072Total interest income
  • $9,886Total interest expense
  • $15,186Net interest income
  • $1,209Provision for loan and lease losses
  • $2,680Total noninterest income
  • $0Fiduciary activities
  • $1,708Service charges on deposit accounts
  • $0Trading account gains & fees
  • $972Additional noninterest income
  • $11,456Total noninterest expense
  • $4,578Salaries and employee benefits
  • $1,265Premises and equipment expense
  • $5,613Additional noninterest expense
  • $5,201Pre-tax net operating income
  • -$25Securities gains (losses)
  • $1,659Applicable income taxes
  • $3,517Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,517Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,114Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.39%Yield on earning assets
  • 2.52%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 6.60%Return on equity (ROE)
  • 6.60%Retained earnings to average equity (YTD only)
  • 0.93%Net charge-offs to loans
  • 38.82%Credit loss provision to net charge-offs
  • 2.06%Efficiency ratio
  • 62,443Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 58.52%Noncurrent assets plus other real estate owned to assets
  • 2.56%Noncurrent loans to loans
  • 3.21%Net loans and leases to deposits
  • 88.75%Net loans and leases to core deposits
  • 118.64%Equity capital to assets
  • 12.41%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 9.71%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $448,574Average earning assets
  • $53,284Average equity
  • $392,301Average loans

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