Granville United Bank in Oxford, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 25, 1996

Granville United Bank in Oxford, North Carolina (NC)
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Granville United Bank - Overview

General
FDIC 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
Location
Address: 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 Summary
Total 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
0Total employees (full-time equivalent)
$24Total assets
$59,311Cash and due from depository institutions
$2,290Interest-bearing balances
$400Securities
$33,002Federal funds sold & reverse repurchase agreements
$315Net loans & leases
$21,800Loan loss allowance
$282Trading account assets
$0Bank premises and fixed assets
$645Other real estate owned
$0Goodwill and other intangibles
$746Life insurance assets
$513All other assets
$0Total liabilities and capital
$59,311Total liabilities
$53,017Total deposits
$52,580Interest-bearing deposits
$47,409Deposits held in domestic offices
52580.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$437Total equity capital
$437Total bank equity capital
$6,294Perpetual preferred stock
$0Common stock
$2,150Surplus
$2,539Undivided profits
Memoranda
$1,605Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$116Income earned, not collected on loans
$220Earning assets
$55,517Long-term assets (5+ years)
$4,402Average Assets, year-to-date
$54,016Average Assets, quarterly
$59,450Volatile liabilities
$7,921Insider loans
$403FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,786Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,451Total risk weighted assets
$23,326Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,946Total interest expense
$2,122Net interest income
$1,824Provision for loan and lease losses
$153Total noninterest income
$210Fiduciary activities
$0Service charges on deposit accounts
$190Trading account gains & fees
$0Additional noninterest income
$20Total noninterest expense
$1,391Salaries and employee benefits
$710Premises and equipment expense
$179Additional noninterest expense
$502Pre-tax net operating income
$490Securities gains (losses)
$191Applicable income taxes
$212Income before extraordinary items
$469Extraordinary gains - net
$0Net income attributable to bank
$469Net charge-offs
$101Cash dividends
$0Sale, conversion, retirement of capital stock, net
$1,300Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.86%Cost of funding earning assets
4.22%Net interest margin
3.63%Noninterest income to earning assets
0.42%Noninterest expense to earning assets
2.77%Net operating income to assets
0.62%Return on assets (ROA)
0.87%Pretax return on assets
1.26%Return on equity (ROE)
8.54%Retained earnings to average equity (YTD only)
8.54%Net charge-offs to loans
0.50%Credit loss provision to net charge-offs
151.49%Efficiency ratio
64,798Assets per employee
2.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
243.10%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.53%Net loans and leases to deposits
41.46%Net loans and leases to core deposits
48.81%Equity capital to assets
10.61%Core capital (leverage) ratio
9.22%Tier 1 risk-based capital ratio
23.37%Total risk-based capital ratio
Memoranda
$25Average assets
$54,016Average earning assets
$5,490Average equity
$50,235Average loans

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