First Gaston Bank of North Carolina in city_name, state_name

First Gaston Bank of North Carolina in Gastonia, North Carolina (NC)
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First Gaston Bank of North Carolina - Overview

General
FDIC Certificate #: 34041
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Communityone Bank, National Association (#4879)
Federal Reserve ID: 2317645
Date Established: July 11, 1995
WWW: http://www.firstgaston.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 18 (Interstate: No)
OTS Docket #: 15519
FDIC's unique #: 56019
Numeric code: 21
Regulator: FDIC
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: July 11, 1995
Last Structure Change Effective Date: August 01, 2006
Last Structure Change Process Date: October 19, 2006
Last Data Update: October 19, 2006
Data Source Date: April 05, 2012
Location
Address: 804 South New Hope Road, Gastonia, NC 28054
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)
Financial Summary
Total assets: $726.4 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, 2005)

Dollar figures in thousands
55Total employees (full-time equivalent)
$223,539Total assets
$7,237Cash and due from depository institutions
$420Interest-bearing balances
$34,520Securities
$0Federal funds sold & reverse repurchase agreements
$170,339Net loans & leases
$2,349Loan loss allowance
$0Trading account assets
$4,067Bank premises and fixed assets
$52Other real estate owned
$507Goodwill and other intangibles
$0Life insurance assets
$6,817All other assets
$223,539Total liabilities and capital
$204,353Total liabilities
$186,853Total deposits
$167,589Interest-bearing deposits
$186,853Deposits held in domestic offices
0.00%% insured (estimated)
$1,371Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,500Other borrowed funds
$0Subordinated debt
$1,629All other liabilities
$19,186Total equity capital
$19,186Total bank equity capital
$19,186Perpetual preferred stock
$0Common stock
$6,312Surplus
$7,107Undivided profits
Memoranda
$5,767Noncurrent loans and leases
$46,052Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,867Earning assets
$0Long-term assets (5+ years)
$965Average Assets, year-to-date
$205,279Average Assets, quarterly
$28,035Volatile liabilities
$216,454Insider loans
$223,002FHLB advances
$62,307Loans and leases held for sale
$11,656Unused loan commitments
$14,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$131Total risk weighted assets
$46,052Total unused commitments
$780Restructured Loans and leases
$2,349Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$13,164Total interest income
$4,718Total interest expense
$8,446Net interest income
$170Provision for loan and lease losses
$2,506Total noninterest income
$0Fiduciary activities
$1,453Service charges on deposit accounts
$0Trading account gains & fees
$1,053Additional noninterest income
$7,699Total noninterest expense
$2,731Salaries and employee benefits
$628Premises and equipment expense
$4,340Additional noninterest expense
$3,083Pre-tax net operating income
-$9Securities gains (losses)
$1,078Applicable income taxes
$1,996Income before extraordinary items
$0Extraordinary gains - net
$1,996Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$94Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.62%Yield on earning assets
2.37%Cost of funding earning assets
4.24%Net interest margin
1.26%Noninterest income to earning assets
3.87%Noninterest expense to earning assets
0.92%Net operating income to assets
0.92%Return on assets (ROA)
1.42%Pretax return on assets
10.78%Return on equity (ROE)
10.78%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
180.85%Credit loss provision to net charge-offs
34.61%Efficiency ratio
70,124Assets per employee
4.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
81.93%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
1.66%Net loans and leases to deposits
91.16%Net loans and leases to core deposits
123.96%Equity capital to assets
8.58%Core capital (leverage) ratio
8.41%Tier 1 risk-based capital ratio
9.96%Total risk-based capital ratio
Memoranda
$11Average assets
$216,454Average earning assets
$18,518Average equity
$198,983Average loans

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

First Gaston Bank of North Carolina - Overview

Assets and Liabilities (December 31, 2005)

Income and Expense (December 31, 2005)

Performance and Condition Ratios (December 31, 2005)

Comment about this bank, ask questions, or add new information about it:

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

First Gaston Bank of North Carolina - Overview

Assets and Liabilities (December 31, 2005)

Income and Expense (December 31, 2005)

Performance and Condition Ratios (December 31, 2005)

Comment about this bank, ask questions, or add new information about it:

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