Centennial Bank in Southern Pines, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 30, 2003

  • Centennial Bank in Southern Pines, North Carolina (NC)
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Centennial Bank - Overview

  • General
  • FDIC Certificate #: 35283
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crescent State Bank (#35006)
    Federal Reserve ID: 2876290
    Date Established: January 24, 2000
    WWW: http://www.centennialbankonline.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 77672
    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: January 24, 2000
    Last Structure Change Effective Date: August 30, 2003
    Last Structure Change Process Date: September 17, 2003
    Last Data Update: September 17, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 185 West Morganton Road, Southern Pines, NC 28387
    County: Moore
    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
    Core Based Statistical Area (CBSA): Southern Pines-Pinehurst, NC (#43860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $64.0 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, 2002)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $58,394Total assets
  • $1,228Cash and due from depository institutions
  • $10Interest-bearing balances
  • $3,958Securities
  • $1,007Federal funds sold & reverse repurchase agreements
  • $50,836Net loans & leases
  • $672Loan loss allowance
  • $0Trading account assets
  • $523Bank premises and fixed assets
  • $109Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $733All other assets
  • $58,394Total liabilities and capital
  • $53,041Total liabilities
  • $49,958Total deposits
  • $46,676Interest-bearing deposits
  • $49,958Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $747Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $336All other liabilities
  • $5,353Total equity capital
  • $5,353Total bank equity capital
  • $5,353Perpetual preferred stock
  • $0Common stock
  • $3,055Surplus
  • $3,986Undivided profits
  • Memoranda
  • $-1,688Noncurrent loans and leases
  • $4,769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $64Earning assets
  • $0Long-term assets (5+ years)
  • $224Average Assets, year-to-date
  • $55,811Average Assets, quarterly
  • $6,974Volatile liabilities
  • $57,547Insider loans
  • $59,791FHLB advances
  • $9,932Loans and leases held for sale
  • $457Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,769Total unused commitments
  • $0Restructured Loans and leases
  • $595Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $3,787Total interest income
  • $1,509Total interest expense
  • $2,278Net interest income
  • $390Provision for loan and lease losses
  • $511Total noninterest income
  • $0Fiduciary activities
  • $111Service charges on deposit accounts
  • $0Trading account gains & fees
  • $400Additional noninterest income
  • $2,265Total noninterest expense
  • $1,138Salaries and employee benefits
  • $401Premises and equipment expense
  • $726Additional noninterest expense
  • $134Pre-tax net operating income
  • $10Securities gains (losses)
  • $0Applicable income taxes
  • $144Income before extraordinary items
  • $0Extraordinary gains - net
  • $144Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $330Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.90%Yield on earning assets
  • 2.75%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 2.76%Return on equity (ROE)
  • 2.76%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 118.18%Credit loss provision to net charge-offs
  • 1.59%Efficiency ratio
  • 81,212Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 1050.00%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 101.76%Net loans and leases to core deposits
  • 124.68%Equity capital to assets
  • 9.17%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 10.95%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $57,547Average earning assets
  • $5,209Average equity
  • $54,906Average loans

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