First Community Bank in Gastonia, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 1996

  • First Community Bank in Gastonia, North Carolina (NC)
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First Community Bank - Overview

  • General
  • FDIC Certificate #: 27049
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 527422
    Date Established: September 15, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 38561
    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: September 15, 1987
    Last Structure Change Effective Date: August 19, 1996
    Last Structure Change Process Date: September 12, 1996
    Last Data Update: September 12, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East Garrison Boulevard, Gastonia, NC 28052
    County: Gaston
    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)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $123.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $65Total assets
  • $117,652Cash and due from depository institutions
  • $3,725Interest-bearing balances
  • $0Securities
  • $27,950Federal funds sold & reverse repurchase agreements
  • $5,025Net loans & leases
  • $76,443Loan loss allowance
  • $1,320Trading account assets
  • $0Bank premises and fixed assets
  • $2,384Other real estate owned
  • $0Goodwill and other intangibles
  • $2,125Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $117,652Total liabilities
  • $105,989Total deposits
  • $99,322Interest-bearing deposits
  • $85,952Deposits held in domestic offices
  • 99322.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $6,022Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $645Total equity capital
  • $645Total bank equity capital
  • $11,663Perpetual preferred stock
  • $0Common stock
  • $3,205Surplus
  • $4,186Undivided profits
  • Memoranda
  • $4,272Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $783Income earned, not collected on loans
  • $500Earning assets
  • $109,418Long-term assets (5+ years)
  • $2,747Average Assets, year-to-date
  • $109,834Average Assets, quarterly
  • $115,004Volatile liabilities
  • $12,404Insider loans
  • $3,702FHLB advances
  • $0Loans and leases held for sale
  • $324Unused loan commitments
  • $18,362Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,712Total risk weighted assets
  • $87,506Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,178Total interest expense
  • $4,059Net interest income
  • $5,119Provision for loan and lease losses
  • $577Total noninterest income
  • $754Fiduciary activities
  • $0Service charges on deposit accounts
  • $462Trading account gains & fees
  • $0Additional noninterest income
  • $292Total noninterest expense
  • $3,410Salaries and employee benefits
  • $2,050Premises and equipment expense
  • $415Additional noninterest expense
  • $945Pre-tax net operating income
  • $1,886Securities gains (losses)
  • $0Applicable income taxes
  • $542Income before extraordinary items
  • $1,344Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,344Net charge-offs
  • $382Cash dividends
  • $161Sale, conversion, retirement of capital stock, net
  • $94Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.99%Cost of funding earning assets
  • 3.97%Net interest margin
  • 5.01%Noninterest income to earning assets
  • 0.74%Noninterest expense to earning assets
  • 3.34%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 1.72%Return on equity (ROE)
  • 12.41%Retained earnings to average equity (YTD only)
  • 10.92%Net charge-offs to loans
  • 0.53%Credit loss provision to net charge-offs
  • 151.05%Efficiency ratio
  • 58,062Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.98%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 168.58%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 76.96%Net loans and leases to core deposits
  • 82.25%Equity capital to assets
  • 9.91%Core capital (leverage) ratio
  • 10.16%Tier 1 risk-based capital ratio
  • 13.38%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $109,834Average earning assets
  • $10,833Average equity
  • $102,136Average loans

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