FDIC Certificate #: 21853 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Carter Bank & Trust (#58596) Federal Reserve ID: 93628 Date Established: December 13, 1974 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 12 (Interstate: No) FDIC's unique #: 15142 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 13, 1974 Last Structure Change Effective Date: December 30, 2006 Last Structure Change Process Date: January 10, 2007 Last Data Update: January 10, 2007 Data Source Date: April 05, 2012
Location
Address: 400 Franklin Street, Rocky Mount, VA 24151 County: Franklin Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Richmond Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Roanoke, VA (#40220) CBSA Metro Statistical Area: Roanoke, VA (#40220)
Financial Summary
Total assets: $300.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
95Total employees (full-time equivalent)
$276,216Total assets
$27,633Cash and due from depository institutions
$19,495Interest-bearing balances
$60,262Securities
$12,900Federal funds sold & reverse repurchase agreements
$165,803Net loans & leases
$1,829Loan loss allowance
$0Trading account assets
$4,146Bank premises and fixed assets
$1,929Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,543All other assets
$276,216Total liabilities and capital
$257,633Total liabilities
$254,886Total deposits
$218,664Interest-bearing deposits
$254,886Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,102Other borrowed funds
$0Subordinated debt
$645All other liabilities
$18,583Total equity capital
$18,583Total bank equity capital
$18,583Perpetual preferred stock
$0Common stock
$1,879Surplus
$11,327Undivided profits
Memoranda
$5,377Noncurrent loans and leases
$2,471Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,382Earning assets
$0Long-term assets (5+ years)
$1,428Average Assets, year-to-date
$258,460Average Assets, quarterly
$55,781Volatile liabilities
$282,055Insider loans
$270,277FHLB advances
$30,726Loans and leases held for sale
$4,541Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,471Total unused commitments
$0Restructured Loans and leases
$1,829Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$12,906Total interest income
$6,188Total interest expense
$6,718Net interest income
$120Provision for loan and lease losses
$787Total noninterest income
$0Fiduciary activities
$433Service charges on deposit accounts
$0Trading account gains & fees
$354Additional noninterest income
$5,479Total noninterest expense
$2,981Salaries and employee benefits
$666Premises and equipment expense
$1,832Additional noninterest expense
$1,906Pre-tax net operating income
$0Securities gains (losses)
$421Applicable income taxes
$1,485Income before extraordinary items
$0Extraordinary gains - net
$1,485Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$285Sale, conversion, retirement of capital stock, net
$1,263Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.87%Yield on earning assets
2.34%Cost of funding earning assets
2.54%Net interest margin
0.30%Noninterest income to earning assets
2.07%Noninterest expense to earning assets
0.53%Net operating income to assets
0.53%Return on assets (ROA)
0.68%Pretax return on assets
8.04%Return on equity (ROE)
1.20%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
42.11%Credit loss provision to net charge-offs
7.11%Efficiency ratio
73,005Assets per employee
2.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.05%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
41.74%Noncurrent assets plus other real estate owned to assets
2.28%Noncurrent loans to loans
2.61%Net loans and leases to deposits
65.05%Net loans and leases to core deposits
73.28%Equity capital to assets
6.73%Core capital (leverage) ratio
7.04%Tier 1 risk-based capital ratio
10.80%Total risk-based capital ratio
Memoranda
$12Average assets
$282,055Average earning assets
$18,481Average equity
$264,844Average loans
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