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

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

  • General
  • FDIC Certificate #: 34864
    Status: Active
    Federal Reserve ID: 2761912
    Date Established: January 19, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 61926
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 19, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1420 East Third Street, Charlotte, NC 28204
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $442.3 mil
    Equity capital: $46.6 mil
    Deposits held in domestic offices: $380.8 mil
    Return on assets (ROA): 0.53% ($2.3 mil)
    Quarterly return on assets: 0.73% ($3.2 mil)
    Return on Equity (ROE): 5.46% ($2.6 mil)
    Quarterly return on equity: 7.12% ($3.3 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.69% ($3,051.6 mil)
    Quarterly Pretax return on assets: 0.98% ($4,334.2 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, 2011)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $442,264Total assets
  • $10,363Cash and due from depository institutions
  • $8,250Interest-bearing balances
  • $151,014Securities
  • $10,165Federal funds sold & reverse repurchase agreements
  • $231,577Net loans & leases
  • $7,212Loan loss allowance
  • $0Trading account assets
  • $7,064Bank premises and fixed assets
  • $13,528Other real estate owned
  • $0Goodwill and other intangibles
  • $442,264Life insurance assets
  • $18,553All other assets
  • $395,673Total liabilities and capital
  • $380,819Total liabilities
  • $372,571Total deposits
  • $380,819Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 6291.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $6,563Subordinated debt
  • $46,591All other liabilities
  • $46,591Total equity capital
  • $46,591Total bank equity capital
  • $0Perpetual preferred stock
  • $11,940Common stock
  • $17,337Surplus
  • $17,314Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,719Income earned, not collected on loans
  • $0Earning assets
  • $1,692Long-term assets (5+ years)
  • $401,006Average Assets, year-to-date
  • $163,989Average Assets, quarterly
  • $454,357Volatile liabilities
  • $453,330Insider loans
  • $295,716FHLB advances
  • $447,862Loans and leases held for sale
  • $8,367Unused loan commitments
  • $4,633Tier 1 (core) risk-based capital
  • $43,951Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,734Total unused commitments
  • $13,759Restructured Loans and leases
  • $5,618Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,542Total interest income
  • $4,775Total interest expense
  • $14,767Net interest income
  • $3,136Provision for loan and lease losses
  • -$706Total noninterest income
  • $0Fiduciary activities
  • $134Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$840Additional noninterest income
  • $8,434Total noninterest expense
  • $4,348Salaries and employee benefits
  • $556Premises and equipment expense
  • $3,530Additional noninterest expense
  • $2,491Pre-tax net operating income
  • $651Securities gains (losses)
  • $742Applicable income taxes
  • $2,400Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,400Net income attributable to bank
  • $0Net charge-offs
  • $2,400Cash dividends
  • $6,433Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.60%Net interest margin
  • -0.17%Noninterest income to earning assets
  • 2.06%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 5.46%Return on equity (ROE)
  • 5.46%Retained earnings to average equity (YTD only)
  • 2.51%Net charge-offs to loans
  • 48.75%Credit loss provision to net charge-offs
  • 0.87%Efficiency ratio
  • 59,982Assets per employee
  • 10.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.02%Loss allowance to noncurrent loans
  • 29.18%Noncurrent assets plus other real estate owned to assets
  • 8.65%Noncurrent loans to loans
  • 10.35%Net loans and leases to deposits
  • 60.81%Net loans and leases to core deposits
  • 83.67%Equity capital to assets
  • 10.53%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 14.86%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $454,357Average earning assets
  • $43,982Average equity
  • $409,796Average loans

List of branches

  • 3 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061926First Trust Bank1420 East Third Street, Charlotte, NC 28204January 19, 1999Full Service Brick and Mortar
    1290836Southpark Branch2245 Rexford Road, Charlotte, NC 28211July 01, 1999Full Service Brick and Mortar
    2429530Lake Norman - Mooresville Branch108 Gateway Boulevard, Suite 101, Mooresville, NC 28117June 01, 2004Full Service Brick and Mortar

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