Greystone Bank in Raleigh, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 02, 2011

  • Greystone Bank in Raleigh, North Carolina (NC)
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Greystone Bank - Overview

  • General
  • FDIC Certificate #: 58094
    Status: Inactive
    Federal Reserve ID: 3377084
    Date Established: November 01, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 439646
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 01, 2005
    Last Structure Change Effective Date: December 02, 2011
    Last Structure Change Process Date: January 13, 2012
    Last Data Update: January 13, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 4700 Falls Of The Neuse Road, Suite 190, Raleigh, NC 27609
    County: Wake
    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
  • Other Liquidations and Closings
  • Financial Summary
  • Total assets: $89.9 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, 2010)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $317,889Total assets
  • $40,943Cash and due from depository institutions
  • $40,943Interest-bearing balances
  • $15,017Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $245,404Net loans & leases
  • $2,660Loan loss allowance
  • $0Trading account assets
  • $348Bank premises and fixed assets
  • $1,023Other real estate owned
  • $4,060Goodwill and other intangibles
  • $0Life insurance assets
  • $11,094All other assets
  • $317,889Total liabilities and capital
  • $280,599Total liabilities
  • $252,757Total deposits
  • $250,945Interest-bearing deposits
  • $252,757Deposits held in domestic offices
  • 98.29%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,000Other borrowed funds
  • $0Subordinated debt
  • $7,842All other liabilities
  • $37,290Total equity capital
  • $37,290Total bank equity capital
  • $37,290Perpetual preferred stock
  • $0Common stock
  • $2,958Surplus
  • $57,069Undivided profits
  • Memoranda
  • $-22,737Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23,178Earning assets
  • $0Long-term assets (5+ years)
  • $1,449Average Assets, year-to-date
  • $301,364Average Assets, quarterly
  • $40,482Volatile liabilities
  • $514,001Insider loans
  • $365,201FHLB advances
  • $39,128Loans and leases held for sale
  • $582Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $50,422Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $2,660Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $24,161Total interest income
  • $12,708Total interest expense
  • $11,453Net interest income
  • -$4,292Provision for loan and lease losses
  • -$18,180Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$18,180Additional noninterest income
  • $17,354Total noninterest expense
  • $8,047Salaries and employee benefits
  • $256Premises and equipment expense
  • $9,051Additional noninterest expense
  • -$19,789Pre-tax net operating income
  • $2,691Securities gains (losses)
  • $0Applicable income taxes
  • -$17,098Income before extraordinary items
  • $0Extraordinary gains - net
  • -$17,098Net income attributable to bank
  • $0Net charge-offs
  • -$17,098Cash dividends
  • $1,172Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 2.60%Cost of funding earning assets
  • 2.35%Net interest margin
  • -3.72%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • -3.85%Net operating income to assets
  • -3.33%Return on assets (ROA)
  • -3.33%Pretax return on assets
  • -36.46%Return on equity (ROE)
  • -36.46%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • -366.21%Credit loss provision to net charge-offs
  • -20.55%Efficiency ratio
  • -257,975Assets per employee
  • 10.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 11.48%Noncurrent assets plus other real estate owned to assets
  • 7.61%Noncurrent loans to loans
  • 9.34%Net loans and leases to deposits
  • 97.09%Net loans and leases to core deposits
  • 114.87%Equity capital to assets
  • 11.73%Core capital (leverage) ratio
  • 10.05%Tier 1 risk-based capital ratio
  • 14.17%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $514,001Average earning assets
  • $46,898Average equity
  • $488,348Average loans

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