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

  • Great State Bank in Wilkesboro, North Carolina (NC)
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Great State Bank - Overview

  • General
  • FDIC Certificate #: 58659
    Status: Active
    Federal Reserve ID: 3649624
    Date Established: July 02, 2008
    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

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