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

  • Crescent State Bank in Cary, North Carolina (NC)
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Crescent State Bank - Overview

  • General
  • FDIC Certificate #: 35006
    Status: Active
    Federal Reserve ID: 2756785
    Bank Holding Company (Regulatory Top Holder): Piedmont Community Bank Holdings, Inc. (RSSDID: 3954720, Location: Raleigh, NC)
    Date Established: December 31, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 15964
    FDIC's unique #: 73829
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 31, 1998
    Last Structure Change Effective Date: June 16, 2007
    Last Structure Change Process Date: June 26, 2007
    Last Data Update: June 26, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1005 High House Road, Cary, NC 27513
    County: Wake
    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): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $836.3 mil
    Equity capital: $145.6 mil
    Deposits held in domestic offices: $679.8 mil
    Return on assets (ROA): -0.10% (-$0.8 mil)
    Quarterly return on assets: -0.42% (-$3.5 mil)
    Return on Equity (ROE): -1.02% (-$1.5 mil)
    Quarterly return on equity: -3.39% (-$4.9 mil)
    Net income: -$0.9 mil
    Quarterly Net income: -$0.9 mil
    Pretax return on assets: -0.17% (-$1,421.7 mil)
    Quarterly Pretax return on assets: -0.71% (-$5,937.6 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, 2011)

  • Dollar figures in thousands
  • 163Total employees (full-time equivalent)
  • $836,285Total assets
  • $10,217Cash and due from depository institutions
  • $1,373Interest-bearing balances
  • $143,504Securities
  • $14,745Federal funds sold & reverse repurchase agreements
  • $559,821Net loans & leases
  • $227Loan loss allowance
  • $0Trading account assets
  • $10,221Bank premises and fixed assets
  • $8,167Other real estate owned
  • $21,972Goodwill and other intangibles
  • $836,285Life insurance assets
  • $67,638All other assets
  • $690,730Total liabilities and capital
  • $679,791Total liabilities
  • $663,676Total deposits
  • $679,791Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,779Other borrowed funds
  • $4,160Subordinated debt
  • $145,555All other liabilities
  • $145,555Total equity capital
  • $145,555Total bank equity capital
  • $0Perpetual preferred stock
  • $6,448Common stock
  • $141,311Surplus
  • $-2,204Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,841Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $35,504Income earned, not collected on loans
  • $1,597Earning assets
  • $2,592Long-term assets (5+ years)
  • $719,443Average Assets, year-to-date
  • $181,072Average Assets, quarterly
  • $925,648Volatile liabilities
  • $875,601Insider loans
  • $695,040FHLB advances
  • $932,117Loans and leases held for sale
  • $19,261Unused loan commitments
  • $10,956Tier 1 (core) risk-based capital
  • $96,155Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,305Total unused commitments
  • $105,027Restructured Loans and leases
  • $34,593Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,132Total interest income
  • $1,359Total interest expense
  • $2,773Net interest income
  • $227Provision for loan and lease losses
  • $220Total noninterest income
  • $0Fiduciary activities
  • $94Service charges on deposit accounts
  • $0Trading account gains & fees
  • $126Additional noninterest income
  • $4,272Total noninterest expense
  • $2,399Salaries and employee benefits
  • $399Premises and equipment expense
  • $1,474Additional noninterest expense
  • -$1,506Pre-tax net operating income
  • -$55Securities gains (losses)
  • -$634Applicable income taxes
  • -$927Income before extraordinary items
  • $0Extraordinary gains - net
  • -$927Net income attributable to bank
  • $0Net charge-offs
  • -$927Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.50%Yield on earning assets
  • 0.16%Cost of funding earning assets
  • 0.33%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 0.51%Noninterest expense to earning assets
  • -0.10%Net operating income to assets
  • -0.10%Return on assets (ROA)
  • -0.17%Pretax return on assets
  • -1.02%Return on equity (ROE)
  • -1.02%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 141,697Assets per employee
  • 5.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.04%Loss allowance to noncurrent loans
  • 0.64%Noncurrent assets plus other real estate owned to assets
  • 5.22%Noncurrent loans to loans
  • 6.34%Net loans and leases to deposits
  • 82.35%Net loans and leases to core deposits
  • 104.71%Equity capital to assets
  • 17.40%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 13.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $925,648Average earning assets
  • $91,288Average equity
  • $834,679Average loans

List of branches

  • 15 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    073829Crescent State Bank1005 High House Road, Cary, NC 27513December 31, 1998Full Service Brick and Mortar
    1290876Salem Street Branch303 South Salem Street, Apex, NC 27502November 29, 1999Full Service Brick and Mortar
    2340682Kildaire Farm Road Branch1155 Kildaire Farm Road, Cary, NC 27511April 10, 2000Full Service Brick and Mortar
    3360844Main Street Branch315 East Main Street, Clayton, NC 27520December 14, 2000Full Service Brick and Mortar
    4418991Holly Springs Branch700 Holly Springs Road, Holly Springs, NC 27540May 06, 2003Full Service Brick and Mortar
    577672Southern Pines Branch185 West Morganton Road, Southern Pines, NC 28387January 24, 2000Full Service Brick and Mortar
    6419538Pinehurst Branch211 Central Park Avenue, Suite M, Pinehurst, NC 28374January 03, 2001Full Service Brick and Mortar
    7433925Garner Vandora Springs Branch945 Vandora Springs Road, Garner, NC 27529January 18, 2005Full Service Brick and Mortar
    8442520Sanford Office Branch870 Spring Lane, Sanford, NC 27330October 18, 2004Full Service Brick and Mortar
    9453546Falls Of Neuse Office Branch6408 Falls Of Neuse Rd., Raleigh, NC 27615April 11, 2006Full Service Brick and Mortar
    10362285Wilmington Main Branch1508 Military Cutoff Road, Suite 100, Wilmington, NC 28403July 01, 2002Full Service Brick and Mortar
    11469643Knightdale Branch7120 Knightdale Boulevard, Knightdale, NC 27545December 03, 2007Full Service Brick and Mortar
    12473853Wilmington-Independence Branch2506 Independence Boulevard, Wilmington, NC 28412March 31, 2008Full Service Brick and Mortar
    13490672Raleigh-Six Forks Branch4711 Six Forks Road, Raleigh, NC 27609May 18, 2009Full Service Brick and Mortar
    14493451Raleigh Creedmoor Office Branch7100 Creedmoor Road, Raleigh, NC 27613April 01, 2009Full Service Brick and Mortar

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