FDIC Certificate #: 9849 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Triangle Bank (#27145) Federal Reserve ID: 172327 Date Established: Febuary 19, 1917 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 12751 FDIC's unique #: 6301 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: January 01, 1934 Last Structure Change Effective Date: April 17, 1998 Last Structure Change Process Date: April 27, 1998 Last Data Update: April 27, 1998 Data Source Date: April 05, 2012
Location
Address: 302 West Main Street, Durham, NC 27702 County: Durham 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): Durham-Chapel Hill, NC (#20500) CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
Financial Summary
Total assets: $103.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
39Total employees (full-time equivalent)
$106,593Total assets
$3,762Cash and due from depository institutions
$0Interest-bearing balances
$20,802Securities
$2,670Federal funds sold & reverse repurchase agreements
$75,803Net loans & leases
$1,153Loan loss allowance
$0Trading account assets
$2,038Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,518All other assets
$106,593Total liabilities and capital
$95,259Total liabilities
$92,674Total deposits
$81,346Interest-bearing deposits
$92,674Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,800Other borrowed funds
$0Subordinated debt
$785All other liabilities
$11,334Total equity capital
$11,334Total bank equity capital
$11,334Perpetual preferred stock
$0Common stock
$893Surplus
$4,806Undivided profits
Memoranda
$5,635Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$268Earning assets
$0Long-term assets (5+ years)
$491Average Assets, year-to-date
$99,275Average Assets, quarterly
$2,772Volatile liabilities
$101,435Insider loans
$105,212FHLB advances
$14,996Loans and leases held for sale
$932Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$163Total risk weighted assets
$13,653Total unused commitments
$0Restructured Loans and leases
$75,773Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,109Total interest income
$3,854Total interest expense
$4,255Net interest income
$211Provision for loan and lease losses
$471Total noninterest income
$0Fiduciary activities
$270Service charges on deposit accounts
$0Trading account gains & fees
$201Additional noninterest income
$2,796Total noninterest expense
$1,648Salaries and employee benefits
$396Premises and equipment expense
$752Additional noninterest expense
$1,719Pre-tax net operating income
$15Securities gains (losses)
$556Applicable income taxes
$1,178Income before extraordinary items
$0Extraordinary gains - net
$1,178Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$131Sale, conversion, retirement of capital stock, net
$375Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.55%Yield on earning assets
4.07%Cost of funding earning assets
4.49%Net interest margin
0.50%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
1.15%Net operating income to assets
1.16%Return on assets (ROA)
1.71%Pretax return on assets
10.86%Return on equity (ROE)
7.40%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
161.07%Credit loss provision to net charge-offs
14.73%Efficiency ratio
59,162Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.83%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
430.22%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.35%Net loans and leases to deposits
81.80%Net loans and leases to core deposits
97.59%Equity capital to assets
10.63%Core capital (leverage) ratio
10.75%Tier 1 risk-based capital ratio
14.83%Total risk-based capital ratio
Memoranda
$16Average assets
$101,435Average earning assets
$10,844Average equity
$94,797Average loans
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