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

This bank is inactive as of June 07, 2008

  • First Charter Bank in Charlotte, North Carolina (NC)
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First Charter Bank - Overview

  • General
  • FDIC Certificate #: 4886
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Fifth Third Bank, National Association (#32712)
    Federal Reserve ID: 45627
    Date Established: July 05, 1888
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 61 (Interstate: No)
    OTS Docket #: 10664
    FDIC's unique #: 3250
    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: June 07, 2008
    Last Structure Change Process Date: June 16, 2008
    Last Data Update: June 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 10200 David Taylor Drive, Charlotte, NC 28262
    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: $4,787.6 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, 2007)

  • Dollar figures in thousands
  • 1,082Total employees (full-time equivalent)
  • $4,854,243Total assets
  • $91,271Cash and due from depository institutions
  • $5,709Interest-bearing balances
  • $859,155Securities
  • $10,926Federal funds sold & reverse repurchase agreements
  • $3,474,737Net loans & leases
  • $42,414Loan loss allowance
  • $0Trading account assets
  • $108,709Bank premises and fixed assets
  • $10,056Other real estate owned
  • $84,254Goodwill and other intangibles
  • $97,096Life insurance assets
  • $215,135All other assets
  • $4,854,243Total liabilities and capital
  • $4,354,921Total liabilities
  • $3,305,637Total deposits
  • $3,131,217Interest-bearing deposits
  • $3,305,637Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $268,233Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $725,871Other borrowed funds
  • $0Subordinated debt
  • $55,180All other liabilities
  • $499,322Total equity capital
  • $499,322Total bank equity capital
  • $499,322Perpetual preferred stock
  • $0Common stock
  • $5,665Surplus
  • $276,739Undivided profits
  • Memoranda
  • $216,918Noncurrent loans and leases
  • $1,398,077Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $28,694Earning assets
  • $0Long-term assets (5+ years)
  • $24,388Average Assets, year-to-date
  • $4,350,527Average Assets, quarterly
  • $1,117,655Volatile liabilities
  • $4,867,625Insider loans
  • $4,844,117FHLB advances
  • $1,140,225Loans and leases held for sale
  • $5,199Unused loan commitments
  • $725,871Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,145Total risk weighted assets
  • $1,398,077Total unused commitments
  • $0Restructured Loans and leases
  • $42,414Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $309,787Total interest income
  • $157,787Total interest expense
  • $152,000Net interest income
  • $19,945Provision for loan and lease losses
  • $78,297Total noninterest income
  • $3,496Fiduciary activities
  • $30,893Service charges on deposit accounts
  • $50Trading account gains & fees
  • $43,858Additional noninterest income
  • $142,001Total noninterest expense
  • $79,360Salaries and employee benefits
  • $17,528Premises and equipment expense
  • $45,113Additional noninterest expense
  • $68,351Pre-tax net operating income
  • -$145Securities gains (losses)
  • $23,251Applicable income taxes
  • $44,955Income before extraordinary items
  • $0Extraordinary gains - net
  • $44,955Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $12,497Sale, conversion, retirement of capital stock, net
  • $28,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 3.49%Net interest margin
  • 1.80%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 9.27%Return on equity (ROE)
  • 3.50%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 159.60%Credit loss provision to net charge-offs
  • 7.07%Efficiency ratio
  • 61,183Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.28%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 147.81%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 105.12%Net loans and leases to core deposits
  • 129.94%Equity capital to assets
  • 10.29%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 10.47%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $4,867,625Average earning assets
  • $484,942Average equity
  • $4,352,768Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $392,275Managed Assets
  • 1Number of Accounts
  • $299,318Personal trust and agency accounts
  • $132,599Employee benefit-defined contribution accounts
  • $2,062Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $16,392Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $148,265Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 420Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $92,957Other retirement accounts
  • $2,502Corporate trust and agency accounts
  • $89,679Other fiduciary accounts
  • $10Fiduciary accounts held in foreign offices

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