Four Oaks Bank & Trust Company in Four Oaks, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Four Oaks Bank & Trust Company in Four Oaks, North Carolina (NC)
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Four Oaks Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 11506
    Status: Active
    Federal Reserve ID: 292524
    Bank Holding Company (Regulatory Top Holder): Four Oaks Fincorp, Inc. (RSSDID: 2557405, Location: Four Oaks, NC)
    Date Established: January 01, 1912
    WWW: http://www.fouroaksbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 18 (Domestic: 18, Interstate: No)
    OTS Docket #: 10052
    FDIC's unique #: 7352
    Numeric code: 13
    Regulator: FED
    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 01, 1934
    Last Structure Change Effective Date: January 01, 2010
    Last Structure Change Process Date: March 10, 2010
    Last Data Update: March 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 6144 Us Highway 301 South, Four Oaks, NC 27524
    County: Johnston
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $916.5 mil
    Equity capital: $52.7 mil
    Deposits held in domestic offices: $747.3 mil
    Return on assets (ROA): -0.60% (-$5.5 mil)
    Quarterly return on assets: -0.32% (-$2.9 mil)
    Return on Equity (ROE): -10.31% (-$5.5 mil)
    Quarterly return on equity: -5.49% (-$2.9 mil)
    Net income: -$5.6 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -0.60% (-$5,499.1 mil)
    Quarterly Pretax return on assets: -0.32% (-$2,932.9 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, 2011)

  • Dollar figures in thousands
  • 194Total employees (full-time equivalent)
  • $916,519Total assets
  • $164,966Cash and due from depository institutions
  • $150,997Interest-bearing balances
  • $111,994Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $582,398Net loans & leases
  • $21,021Loan loss allowance
  • $0Trading account assets
  • $15,353Bank premises and fixed assets
  • $12,761Other real estate owned
  • $303Goodwill and other intangibles
  • $916,520Life insurance assets
  • $28,744All other assets
  • $863,868Total liabilities and capital
  • $747,315Total liabilities
  • $609,052Total deposits
  • $747,315Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $112,000Trading liabilities
  • $0Other borrowed funds
  • $4,553Subordinated debt
  • $52,652All other liabilities
  • $52,652Total equity capital
  • $52,652Total bank equity capital
  • $0Perpetual preferred stock
  • $843Common stock
  • $48,648Surplus
  • $3,161Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $60,946Income earned, not collected on loans
  • $824Earning assets
  • $1,976Long-term assets (5+ years)
  • $845,389Average Assets, year-to-date
  • $129,334Average Assets, quarterly
  • $936,637Volatile liabilities
  • $915,279Insider loans
  • $583,662FHLB advances
  • $912,848Loans and leases held for sale
  • $13,827Unused loan commitments
  • $1,870Tier 1 (core) risk-based capital
  • $51,236Tier 2 risk-based capital
  • $6,018Total risk weighted assets
  • $5,939Total unused commitments
  • $76,646Restructured Loans and leases
  • $7,301Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,911Total interest income
  • $12,879Total interest expense
  • $27,032Net interest income
  • $10,859Provision for loan and lease losses
  • $3,017Total noninterest income
  • $0Fiduciary activities
  • $2,017Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,000Additional noninterest income
  • $25,641Total noninterest expense
  • $12,399Salaries and employee benefits
  • $2,977Premises and equipment expense
  • $10,265Additional noninterest expense
  • -$6,451Pre-tax net operating income
  • $848Securities gains (losses)
  • $0Applicable income taxes
  • -$5,603Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,603Net income attributable to bank
  • $0Net charge-offs
  • -$5,603Cash dividends
  • $11,937Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 3.11%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • -0.69%Net operating income to assets
  • -0.60%Return on assets (ROA)
  • -0.60%Pretax return on assets
  • -10.31%Return on equity (ROE)
  • -10.31%Retained earnings to average equity (YTD only)
  • 1.84%Net charge-offs to loans
  • 90.97%Credit loss provision to net charge-offs
  • 0.37%Efficiency ratio
  • 85,151Assets per employee
  • 4.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.48%Loss allowance to noncurrent loans
  • 34.49%Noncurrent assets plus other real estate owned to assets
  • 8.04%Noncurrent loans to loans
  • 10.10%Net loans and leases to deposits
  • 77.93%Net loans and leases to core deposits
  • 124.05%Equity capital to assets
  • 5.74%Core capital (leverage) ratio
  • 5.61%Tier 1 risk-based capital ratio
  • 8.78%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $936,637Average earning assets
  • $54,326Average equity
  • $868,058Average loans

List of branches

  • 18 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07352Four Oaks Bank & Trust Company6144 Us Highway 301 South, Four Oaks, NC 27524January 01, 1912Full Service Brick and Mortar
    1224711Four Oaks Branch111 North Main Street, Four Oaks, NC 27524January 13, 1986Limited Service Facility
    2224712Clayton Branch102 East Main Street, Clayton, NC 27520October 21, 1986Full Service Brick and Mortar
    3224713Smithfield Branch128 North Second Street, Smithfield, NC 27577June 17, 1991Full Service Brick and Mortar
    5224714Brightleaf Boulevard Branch403 South Brightleaf Boulevard, Smithfield, NC 27577June 12, 1995Limited Service Facility
    6224715Old Drug Store Branch200 Glen Road, Garner, NC 27529July 08, 1996Full Service Brick and Mortar
    7224716Benson Branch200 East Church Street, Benson, NC 27504July 14, 1997Full Service Brick and Mortar
    9358901Fuquay - Varina Branch325 N Judd Parkway, N.E., Fuquay Varina, NC 27526October 16, 2000Full Service Brick and Mortar
    10420234Wallace Branch406 East Main Street, Wallace, NC 28466January 21, 2003Full Service Brick and Mortar
    11420235Holly Springs Branch201 West Center Street, Holly Springs, NC 27540June 02, 2003Full Service Brick and Mortar
    12443323Harrells Branch590 Tomahawk Highway, Harrells, NC 28444January 10, 2005Full Service Brick and Mortar
    13450358Zebulon Branch805 North Arendell Avenue, Zebulon, NC 27597March 20, 2006Full Service Brick and Mortar
    14455980Sanford Branch830 Spring Lane, Sanford, NC 27330September 08, 2006Full Service Brick and Mortar
    15365438Rockingham Branch1401 Fayettville Road, Rockingham, NC 28380August 04, 2003Full Service Brick and Mortar
    16468339Southern Pines Branch105 Commerce Avenue, Southern Pines, NC 28388September 11, 2007Full Service Brick and Mortar
    17479783Dunn Branch604-A Erwin Road, Dunn, NC 28334January 03, 2008Full Service Brick and Mortar
    18479784Garner Village Branch574 Village Court, Garner, NC 27529June 02, 2008Full Service Brick and Mortar
    19456046Garner Station Branch1408 Garner Station Boulevard, Raleigh, NC 27603September 17, 2007Full Service Brick and Mortar

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