FDIC Certificate #: 29062 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Capital Bank (#34452) Federal Reserve ID: 803078 Date Established: July 01, 1934 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 2846 FDIC's unique #: 41896 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: October 29, 1934 Last Structure Change Effective Date: March 16, 2002 Last Structure Change Process Date: April 10, 2002 Last Data Update: April 10, 2002 Data Source Date: April 05, 2012
Location
Address: 708 South Church Street, Burlington, NC 27215 County: Alamance 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 Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120) Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268) Core Based Statistical Area (CBSA): Burlington, NC (#15500) CBSA Metro Statistical Area: Burlington, NC (#15500)
Financial Summary
Total assets: $202.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
61Total employees (full-time equivalent)
$202,735Total assets
$13,498Cash and due from depository institutions
$9,586Interest-bearing balances
$37,462Securities
$0Federal funds sold & reverse repurchase agreements
$134,007Net loans & leases
$2,518Loan loss allowance
$0Trading account assets
$4,071Bank premises and fixed assets
$927Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$12,770All other assets
$202,735Total liabilities and capital
$168,541Total liabilities
$155,632Total deposits
$151,725Interest-bearing deposits
$155,632Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,216Other borrowed funds
$0Subordinated debt
$4,693All other liabilities
$34,194Total equity capital
$34,194Total bank equity capital
$34,194Perpetual preferred stock
$0Common stock
$10,770Surplus
$0Undivided profits
Memoranda
$23,424Noncurrent loans and leases
$25,358Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,006Earning assets
$0Long-term assets (5+ years)
$830Average Assets, year-to-date
$181,055Average Assets, quarterly
$46,334Volatile liabilities
$209,201Insider loans
$207,649FHLB advances
$33,793Loans and leases held for sale
$314Unused loan commitments
$6,339Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,019Total risk weighted assets
$25,358Total unused commitments
$582Restructured Loans and leases
$1,487Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$14,970Total interest income
$7,873Total interest expense
$7,097Net interest income
$600Provision for loan and lease losses
$1,465Total noninterest income
$0Fiduciary activities
$267Service charges on deposit accounts
$0Trading account gains & fees
$1,198Additional noninterest income
$6,367Total noninterest expense
$3,650Salaries and employee benefits
$650Premises and equipment expense
$2,067Additional noninterest expense
$1,595Pre-tax net operating income
$5Securities gains (losses)
$525Applicable income taxes
$1,075Income before extraordinary items
$0Extraordinary gains - net
$1,075Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$435Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.88%Yield on earning assets
4.14%Cost of funding earning assets
3.73%Net interest margin
0.77%Noninterest income to earning assets
3.35%Noninterest expense to earning assets
0.51%Net operating income to assets
0.51%Return on assets (ROA)
0.76%Pretax return on assets
3.22%Return on equity (ROE)
3.22%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
137.93%Credit loss provision to net charge-offs
5.05%Efficiency ratio
74,363Assets per employee
3.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
125.52%Noncurrent assets plus other real estate owned to assets
1.45%Noncurrent loans to loans
1.47%Net loans and leases to deposits
86.11%Net loans and leases to core deposits
108.32%Equity capital to assets
16.87%Core capital (leverage) ratio
16.44%Tier 1 risk-based capital ratio
29.02%Total risk-based capital ratio
Memoranda
$30Average assets
$209,201Average earning assets
$33,400Average equity
$190,060Average loans
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