Granville United Bank in Oxford, North Carolina (NC)



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Granville United Bank
GeneralFDIC Certificate #: 32995
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Triangle Bank (#27145)
Federal Reserve ID: 1459557
Date Established: July 05, 1990
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 46176
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: July 05, 1990
Last Structure Change Effective Date: October 25, 1996
Last Structure Change Process Date: December 02, 1996
Last Data Update: December 02, 1996
Data Source Date: April 05, 2012
LocationAddress: 109 Hillsboro Street, Oxford, NC 27565
County: Granville
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
Financial SummaryTotal assets: $60.9 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)
Total employees (full-time equivalent)0
Total assets$24
Cash and due from depository institutions$59,311
Interest-bearing balances$2,290
Securities$400
Federal funds sold & reverse repurchase agreements$33,002
Net loans & leases$315
Loan loss allowance $21,800
Trading account assets$282
Bank premises and fixed assets$0
Other real estate owned$645
Goodwill and other intangibles$0
All other assets$513
Life insurance assets$746
Total liabilities and capital$0
Total liabilities$59,311
Total deposits$53,017
Interest-bearing deposits$52,580
Deposits held in domestic offices$47,409
% insured (estimated)52580.00%
Federal funds purchased & repurchase agreements $89
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$437
Total bank equity capital$437
Perpetual preferred stock$6,294
Common stock$0
Surplus$2,150
Undivided profits $2,539
Memoranda
Noncurrent loans and leases $1,605
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $116
Earning assets $220
Long-term assets (5+ years) $55,517
Average Assets, year-to-date $4,402
Average Assets, quarterly $54,016
Volatile liabilities $59,450
Insider loans $7,921
FHLB advances $403
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $3,786
Tier 2 risk-based capital $0
Total risk weighted assets $5,451
Total unused commitments $23,326
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $3,946
Net interest income $2,122
Provision for loan and lease losses $1,824
Total noninterest income $153
Fiduciary activities $210
Service charges on deposit accounts $0
Trading account gains & fees $190
Additional noninterest income $0
Total noninterest expense $20
Salaries and employee benefits $1,391
Premises and equipment expense $710
Additional noninterest expense $179
Pre-tax net operating income $502
Securities gains (losses) $490
Applicable income taxes $191
Income before extraordinary items $212
Extraordinary gains - net $469
Net income attributable to bank $0
Net charge-offs $469
Cash dividends $101
Sale, conversion, retirement of capital stock, net $0
Net operating income $1,300
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.86%
Net interest margin 4.22%
Noninterest income to earning assets 3.63%
Noninterest expense to earning assets 0.42%
Net operating income to assets 2.77%
Return on assets (ROA) 0.62%
Pretax return on assets 0.87%
Return on equity (ROE) 1.26%
Retained earnings to average equity (YTD only) 8.54%
Net charge-offs to loans 8.54%
Credit loss provision to net charge-offs 0.50%
Efficiency ratio151.49%
Assets per employee$64,798
Cash dividends to net income (YTD only)2.47%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.28%
Noncurrent assets plus other real estate owned to assets 243.10%
Noncurrent loans to loans 0.20%
Net loans and leases to deposits0.53%
Net loans and leases to core deposits 41.46%
Equity capital to assets 48.81%
Core capital (leverage) ratio 10.61%
Tier 1 risk-based capital ratio 9.22%
Total risk-based capital ratio 23.37%
Memoranda
Average assets$25
Average earning assets$54,016
Average equity $5,490
Average loans $50,235
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