First Charlotte Bank and Trust Company in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1993

  • First Charlotte Bank and Trust Company in Charlotte, North Carolina (NC)
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First Charlotte Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 24767
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 139825
    Date Established: November 01, 1983
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 10668
    FDIC's unique #: 17191
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 01, 1983
    Last Structure Change Effective Date: December 31, 1993
    Last Structure Change Process Date: January 26, 1994
    Last Data Update: January 26, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1701 East Third Street, Charlotte, NC 28207
    County: Mecklenburg
    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
    Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $169.9 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $101Total assets
  • $162,004Cash and due from depository institutions
  • $6,506Interest-bearing balances
  • $0Securities
  • $52,204Federal funds sold & reverse repurchase agreements
  • $3,875Net loans & leases
  • $91,559Loan loss allowance
  • $1,778Trading account assets
  • $0Bank premises and fixed assets
  • $4,016Other real estate owned
  • $1,749Goodwill and other intangibles
  • $2,095Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $162,004Total liabilities
  • $147,844Total deposits
  • $143,908Interest-bearing deposits
  • $122,521Deposits held in domestic offices
  • 143908.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,709Subordinated debt
  • $0All other liabilities
  • $1,227Total equity capital
  • $1,227Total bank equity capital
  • $14,160Perpetual preferred stock
  • $0Common stock
  • $3,369Surplus
  • $7,511Undivided profits
  • Memoranda
  • $3,280Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,030Income earned, not collected on loans
  • $430Earning assets
  • $147,638Long-term assets (5+ years)
  • $23,772Average Assets, year-to-date
  • $152,311Average Assets, quarterly
  • $155,007Volatile liabilities
  • $22,000Insider loans
  • $134FHLB advances
  • $0Loans and leases held for sale
  • $5,211Unused loan commitments
  • $18,728Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,231Total risk weighted assets
  • $103,297Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,822Total interest expense
  • $5,412Net interest income
  • $6,410Provision for loan and lease losses
  • $959Total noninterest income
  • $2,476Fiduciary activities
  • $0Service charges on deposit accounts
  • $618Trading account gains & fees
  • $0Additional noninterest income
  • $1,858Total noninterest expense
  • $6,571Salaries and employee benefits
  • $3,298Premises and equipment expense
  • $1,075Additional noninterest expense
  • $2,198Pre-tax net operating income
  • $1,356Securities gains (losses)
  • $284Applicable income taxes
  • $546Income before extraordinary items
  • $1,094Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,094Net charge-offs
  • $1,080Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $2,300Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.57%Cost of funding earning assets
  • 3.92%Net interest margin
  • 4.64%Noninterest income to earning assets
  • 1.79%Noninterest expense to earning assets
  • 4.76%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 1.08%Return on equity (ROE)
  • 9.27%Retained earnings to average equity (YTD only)
  • 9.27%Net charge-offs to loans
  • 1.12%Credit loss provision to net charge-offs
  • 88.80%Efficiency ratio
  • 73,948Assets per employee
  • 1.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 172.62%Noncurrent assets plus other real estate owned to assets
  • 1.72%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 63.62%Net loans and leases to core deposits
  • 73.47%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 9.35%Tier 1 risk-based capital ratio
  • 13.78%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $152,311Average earning assets
  • $11,808Average equity
  • $138,007Average loans

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