First Carolina State Bank in Rocky Mount, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Carolina State Bank in Rocky Mount, North Carolina (NC)
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First Carolina State Bank - Overview

  • General
  • FDIC Certificate #: 35530
    Status: Active
    Federal Reserve ID: 2963266
    Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
    Date Established: November 29, 2000
    WWW: http://www.firstcarolinastatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 81325
    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: November 29, 2000
    Last Structure Change Effective Date: September 30, 2008
    Last Structure Change Process Date: October 01, 2008
    Last Data Update: October 01, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 171 North Winstead Avenue, Rocky Mount, NC 27804
    County: Nash
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Rocky Mount, NC (#6895)
    Core Based Statistical Area (CBSA): Rocky Mount, NC (#40580)
    CBSA Metro Statistical Area: Rocky Mount, NC (#40580)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $85.2 mil
    Equity capital: $1.8 mil
    Deposits held in domestic offices: $73.3 mil
    Return on assets (ROA): -5.73% (-$4.9 mil)
    Quarterly return on assets: -6.93% (-$5.9 mil)
    Return on Equity (ROE): -262.21% (-$5.2 mil)
    Quarterly return on equity: -326.62% (-$6.5 mil)
    Net income: -$5.4 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -5.73% (-$4,880.2 mil)
    Quarterly Pretax return on assets: -6.93% (-$5,902.2 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
  • 23Total employees (full-time equivalent)
  • $85,169Total assets
  • $14,201Cash and due from depository institutions
  • $12,883Interest-bearing balances
  • $6,952Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $54,226Net loans & leases
  • $4,279Loan loss allowance
  • $0Trading account assets
  • $2,810Bank premises and fixed assets
  • $4,265Other real estate owned
  • $0Goodwill and other intangibles
  • $85,169Life insurance assets
  • $2,715All other assets
  • $83,331Total liabilities and capital
  • $73,293Total liabilities
  • $67,469Total deposits
  • $73,293Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 733.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,000Trading liabilities
  • $0Other borrowed funds
  • $305Subordinated debt
  • $1,838All other liabilities
  • $1,838Total equity capital
  • $1,838Total bank equity capital
  • $0Perpetual preferred stock
  • $5,578Common stock
  • $12,124Surplus
  • $-15,864Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $379Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,280Income earned, not collected on loans
  • $0Earning assets
  • $249Long-term assets (5+ years)
  • $74,061Average Assets, year-to-date
  • $7,203Average Assets, quarterly
  • $94,357Volatile liabilities
  • $87,712Insider loans
  • $58,731FHLB advances
  • $86,966Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,813Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,422Restructured Loans and leases
  • $1,827Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,371Total interest income
  • $1,265Total interest expense
  • $2,106Net interest income
  • $3,667Provision for loan and lease losses
  • $45Total noninterest income
  • $0Fiduciary activities
  • $165Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$120Additional noninterest income
  • $3,895Total noninterest expense
  • $1,274Salaries and employee benefits
  • $382Premises and equipment expense
  • $2,239Additional noninterest expense
  • -$5,411Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$5,411Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,411Net income attributable to bank
  • $0Net charge-offs
  • -$5,411Cash dividends
  • $1,607Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 2.47%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 4.58%Noninterest expense to earning assets
  • -5.73%Net operating income to assets
  • -5.73%Return on assets (ROA)
  • -5.73%Pretax return on assets
  • -262.21%Return on equity (ROE)
  • -262.21%Retained earnings to average equity (YTD only)
  • 2.39%Net charge-offs to loans
  • 228.19%Credit loss provision to net charge-offs
  • -1.09%Efficiency ratio
  • 181,079Assets per employee
  • 3.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.31%Loss allowance to noncurrent loans
  • 81.04%Noncurrent assets plus other real estate owned to assets
  • 11.21%Noncurrent loans to loans
  • 9.02%Net loans and leases to deposits
  • 73.99%Net loans and leases to core deposits
  • 78.87%Equity capital to assets
  • 2.16%Core capital (leverage) ratio
  • 2.08%Tier 1 risk-based capital ratio
  • 3.09%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $94,357Average earning assets
  • $2,064Average equity
  • $85,123Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081325First Carolina State Bank171 North Winstead Avenue, Rocky Mount, NC 27804November 29, 2000Full Service Brick and Mortar
    2465274Greenville Lpo323 Clifton Street, Suite 5, Greenville, NC 27858April 15, 2007Limited Service Loan Production
    4500740Reidsville Branch604 South Scales Street, Reidsville, NC 27320January 19, 2009Full Service Brick and Mortar
    5511680Greenville Branch300 East Arlington Street, Greenville, NC 27858August 07, 2009Full Service Brick and Mortar

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