FNB Southeast in Reidsville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 12, 2007

  • FNB Southeast in Reidsville, North Carolina (NC)
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FNB Southeast - Overview

  • General
  • FDIC Certificate #: 4906
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NewBridge Bank (#16799)
    Federal Reserve ID: 390925
    Date Established: January 01, 1910
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 15 (Interstate: No)
    OTS Docket #: 9514
    FDIC's unique #: 3258
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 12, 2007
    Last Structure Change Process Date: December 05, 2007
    Last Data Update: December 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 South Main Street, Reidsville, NC 27320
    County: Rockingham
    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
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • Financial Summary
  • Total assets: $961.0 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, 2006)

  • Dollar figures in thousands
  • 281Total employees (full-time equivalent)
  • $1,010,569Total assets
  • $25,665Cash and due from depository institutions
  • $3,008Interest-bearing balances
  • $210,750Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $696,696Net loans & leases
  • $13,195Loan loss allowance
  • $0Trading account assets
  • $19,609Bank premises and fixed assets
  • $889Other real estate owned
  • $848Goodwill and other intangibles
  • $25,279Life insurance assets
  • $56,112All other assets
  • $1,010,569Total liabilities and capital
  • $916,192Total liabilities
  • $820,184Total deposits
  • $731,848Interest-bearing deposits
  • $820,184Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $26,384Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $55,000Other borrowed funds
  • $0Subordinated debt
  • $14,624All other liabilities
  • $94,377Total equity capital
  • $94,377Total bank equity capital
  • $94,377Perpetual preferred stock
  • $0Common stock
  • $743Surplus
  • $53,584Undivided profits
  • Memoranda
  • $40,050Noncurrent loans and leases
  • $169,804Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,247Earning assets
  • $0Long-term assets (5+ years)
  • $7,294Average Assets, year-to-date
  • $910,454Average Assets, quarterly
  • $112,320Volatile liabilities
  • $1,018,351Insider loans
  • $1,012,033FHLB advances
  • $182,651Loans and leases held for sale
  • $5,899Unused loan commitments
  • $55,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,745Total risk weighted assets
  • $169,804Total unused commitments
  • $376Restructured Loans and leases
  • $10,072Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $72,934Total interest income
  • $32,830Total interest expense
  • $40,104Net interest income
  • $1,435Provision for loan and lease losses
  • $5,277Total noninterest income
  • $0Fiduciary activities
  • $3,802Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,475Additional noninterest income
  • $28,859Total noninterest expense
  • $16,034Salaries and employee benefits
  • $4,733Premises and equipment expense
  • $8,092Additional noninterest expense
  • $15,087Pre-tax net operating income
  • $32Securities gains (losses)
  • $4,957Applicable income taxes
  • $10,162Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,162Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7,382Sale, conversion, retirement of capital stock, net
  • $5,190Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.79%Yield on earning assets
  • 3.51%Cost of funding earning assets
  • 4.28%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 11.00%Return on equity (ROE)
  • 5.38%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 19.44%Credit loss provision to net charge-offs
  • 2.24%Efficiency ratio
  • 63,593Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.07%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 99.61%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 84.94%Net loans and leases to core deposits
  • 101.13%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 12.08%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,018,351Average earning assets
  • $92,376Average equity
  • $936,619Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $8,553Managed Assets
  • 1Number of Accounts
  • $8,553Personal trust and agency accounts
  • $8,553Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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