Great State Bank in Wilkesboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Great State Bank in Wilkesboro, North Carolina (NC)
  • Show street view No street view available for this location

Great State Bank - Overview

  • General
  • FDIC Certificate #: 58659
    Status: Active
    Federal Reserve ID: 3649624
    Date Established: July 02, 2008
    WWW: http://www.greatstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 462005
    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: July 02, 2008
    Last Structure Change Effective Date: September 01, 2011
    Last Structure Change Process Date: October 04, 2011
    Last Data Update: October 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1422 Highway 421a, Wilkesboro, NC 28697
    County: Wilkes
    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
    Core Based Statistical Area (CBSA): North Wilkesboro, NC (#35900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $72.9 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $64.2 mil
    Return on assets (ROA): 0.45% ($0.3 mil)
    Quarterly return on assets: 0.42% ($0.3 mil)
    Return on Equity (ROE): 3.46% ($0.3 mil)
    Quarterly return on equity: 3.37% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.45% ($328.1 mil)
    Quarterly Pretax return on assets: 0.42% ($306.3 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
  • 14Total employees (full-time equivalent)
  • $72,917Total assets
  • $11,396Cash and due from depository institutions
  • $9,844Interest-bearing balances
  • $13,369Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $45,418Net loans & leases
  • $598Loan loss allowance
  • $0Trading account assets
  • $1,313Bank premises and fixed assets
  • $681Other real estate owned
  • $0Goodwill and other intangibles
  • $72,917Life insurance assets
  • $740All other assets
  • $64,260Total liabilities and capital
  • $64,155Total liabilities
  • $59,621Total deposits
  • $64,155Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $105Subordinated debt
  • $8,657All other liabilities
  • $8,657Total equity capital
  • $8,657Total bank equity capital
  • $0Perpetual preferred stock
  • $4,744Common stock
  • $5,692Surplus
  • $-1,779Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $207Income earned, not collected on loans
  • $0Earning assets
  • $268Long-term assets (5+ years)
  • $68,631Average Assets, year-to-date
  • $13,255Average Assets, quarterly
  • $64,918Volatile liabilities
  • $70,165Insider loans
  • $48,182FHLB advances
  • $68,298Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,502Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,721Restructured Loans and leases
  • $2,307Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,727Total interest income
  • $741Total interest expense
  • $1,986Net interest income
  • $110Provision for loan and lease losses
  • $121Total noninterest income
  • $0Fiduciary activities
  • $23Service charges on deposit accounts
  • $0Trading account gains & fees
  • $98Additional noninterest income
  • $1,719Total noninterest expense
  • $895Salaries and employee benefits
  • $221Premises and equipment expense
  • $603Additional noninterest expense
  • $278Pre-tax net operating income
  • $16Securities gains (losses)
  • $0Applicable income taxes
  • $294Income before extraordinary items
  • $0Extraordinary gains - net
  • $294Net income attributable to bank
  • $0Net charge-offs
  • $294Cash dividends
  • $36Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 3.46%Return on equity (ROE)
  • 3.46%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 305.56%Credit loss provision to net charge-offs
  • 10.78%Efficiency ratio
  • 81,585Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 288.89%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 70.79%Net loans and leases to core deposits
  • 76.43%Equity capital to assets
  • 11.87%Core capital (leverage) ratio
  • 12.45%Tier 1 risk-based capital ratio
  • 17.65%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $64,918Average earning assets
  • $8,503Average equity
  • $61,533Average loans

List of branches

  • 2 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0462005Great State Bank1422 Highway 421a, Wilkesboro, NC 28697July 02, 2008Full Service Brick and Mortar
    2468181Boone Branch189 Boone Heights Drive, Boone, NC 28607August 30, 2007Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Great State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents