Columbus National Bank in Whiteville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 24, 1995

  • Columbus National Bank in Whiteville, North Carolina (NC)
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Columbus National Bank - Overview

  • General
  • FDIC Certificate #: 21052
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Triangle Bank (#27145)
    Federal Reserve ID: 123628
    Date Established: April 24, 1973
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 14551
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 24, 1973
    Last Structure Change Effective Date: Febuary 24, 1995
    Last Structure Change Process Date: March 07, 1995
    Last Data Update: March 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: East Main Street, Whiteville, NC 28472
    County: Columbus
    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
  • Financial Summary
  • Total assets: $55.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $26Total assets
  • $55,081Cash and due from depository institutions
  • $1,697Interest-bearing balances
  • $0Securities
  • $18,802Federal funds sold & reverse repurchase agreements
  • $3,575Net loans & leases
  • $29,698Loan loss allowance
  • $466Trading account assets
  • $0Bank premises and fixed assets
  • $413Other real estate owned
  • $0Goodwill and other intangibles
  • $896Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $55,081Total liabilities
  • $48,604Total deposits
  • $47,949Interest-bearing deposits
  • $43,474Deposits held in domestic offices
  • 47949.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $655Total equity capital
  • $655Total bank equity capital
  • $6,477Perpetual preferred stock
  • $0Common stock
  • $1,390Surplus
  • $1,190Undivided profits
  • Memoranda
  • $3,897Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $59Income earned, not collected on loans
  • $276Earning assets
  • $52,075Long-term assets (5+ years)
  • $6,960Average Assets, year-to-date
  • $55,494Average Assets, quarterly
  • $56,976Volatile liabilities
  • $8,303Insider loans
  • $334FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,070Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,517Total risk weighted assets
  • $31,380Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,794Total interest expense
  • $1,742Net interest income
  • $2,052Provision for loan and lease losses
  • $23Total noninterest income
  • $341Fiduciary activities
  • $0Service charges on deposit accounts
  • $294Trading account gains & fees
  • $0Additional noninterest income
  • $47Total noninterest expense
  • $1,635Salaries and employee benefits
  • $724Premises and equipment expense
  • $224Additional noninterest expense
  • $687Pre-tax net operating income
  • $735Securities gains (losses)
  • -$270Applicable income taxes
  • $66Income before extraordinary items
  • $399Extraordinary gains - net
  • $0Net income attributable to bank
  • $399Net charge-offs
  • $11Cash dividends
  • $139Sale, conversion, retirement of capital stock, net
  • $7Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.28%Cost of funding earning assets
  • 3.34%Net interest margin
  • 3.94%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 3.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 0.84%Return on equity (ROE)
  • 6.19%Retained earnings to average equity (YTD only)
  • 4.04%Net charge-offs to loans
  • 0.04%Credit loss provision to net charge-offs
  • 209.09%Efficiency ratio
  • 68,324Assets per employee
  • 2.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.84%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 789.83%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 61.94%Net loans and leases to core deposits
  • 74.91%Equity capital to assets
  • 11.76%Core capital (leverage) ratio
  • 11.47%Tier 1 risk-based capital ratio
  • 20.77%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $55,494Average earning assets
  • $6,443Average equity
  • $52,138Average loans

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