Harrington Bank, FSB in Chapel Hill, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Harrington Bank, FSB in Chapel Hill, North Carolina (NC)
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Harrington Bank, FSB - Overview

  • General
  • FDIC Certificate #: 57262
    Status: Active
    Federal Reserve ID: 3042560
    Date Established: December 21, 2001
    WWW: http://www.bankatharrington.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 17910
    FDIC's unique #: 360320
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 21, 2001
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5925 Farrington Road, Chapel Hill, NC 27517
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $300.0 mil
    Equity capital: $25.7 mil
    Deposits held in domestic offices: $265.2 mil
    Return on assets (ROA): -0.28% (-$0.8 mil)
    Quarterly return on assets: -1.18% (-$3.5 mil)
    Return on Equity (ROE): -3.17% (-$0.8 mil)
    Quarterly return on equity: -13.71% (-$3.6 mil)
    Net income: -$0.8 mil
    Quarterly Net income: -$0.9 mil
    Pretax return on assets: -0.43% (-$1,289.8 mil)
    Quarterly Pretax return on assets: -1.85% (-$5,549.1 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
  • 61Total employees (full-time equivalent)
  • $299,951Total assets
  • $35,870Cash and due from depository institutions
  • $818Interest-bearing balances
  • $26,271Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $226,845Net loans & leases
  • $6,036Loan loss allowance
  • $0Trading account assets
  • $1,136Bank premises and fixed assets
  • $3,177Other real estate owned
  • $0Goodwill and other intangibles
  • $299,951Life insurance assets
  • $6,652All other assets
  • $274,216Total liabilities and capital
  • $265,180Total liabilities
  • $218,512Total deposits
  • $265,180Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 4418.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,618Subordinated debt
  • $25,735All other liabilities
  • $25,735Total equity capital
  • $25,735Total bank equity capital
  • $0Perpetual preferred stock
  • $325Common stock
  • $21,302Surplus
  • $4,108Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,437Income earned, not collected on loans
  • $0Earning assets
  • $1,056Long-term assets (5+ years)
  • $253,934Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $303,792Volatile liabilities
  • $304,847Insider loans
  • $209,886FHLB advances
  • $298,967Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,751Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,538Restructured Loans and leases
  • $510Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,160Total interest income
  • $3,017Total interest expense
  • $11,143Net interest income
  • $4,941Provision for loan and lease losses
  • $1,536Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,536Additional noninterest income
  • $8,998Total noninterest expense
  • $5,110Salaries and employee benefits
  • $2,011Premises and equipment expense
  • $1,877Additional noninterest expense
  • -$1,260Pre-tax net operating income
  • -$58Securities gains (losses)
  • -$480Applicable income taxes
  • -$838Income before extraordinary items
  • $0Extraordinary gains - net
  • -$838Net income attributable to bank
  • $0Net charge-offs
  • -$838Cash dividends
  • $2,003Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • -0.26%Net operating income to assets
  • -0.28%Return on assets (ROA)
  • -0.43%Pretax return on assets
  • -3.17%Return on equity (ROE)
  • -3.17%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 246.68%Credit loss provision to net charge-offs
  • 1.84%Efficiency ratio
  • 70,968Assets per employee
  • 4.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 39.10%Noncurrent assets plus other real estate owned to assets
  • 6.21%Noncurrent loans to loans
  • 6.63%Net loans and leases to deposits
  • 85.54%Net loans and leases to core deposits
  • 88.90%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 11.79%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $303,792Average earning assets
  • $26,417Average equity
  • $269,873Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0360320Harrington Bank, Fsb5925 Farrington Road, Chapel Hill, NC 27517December 21, 2001Full Service Brick and Mortar
    1268014Chapel Hill Branch301 Kildaire Road, Chapel Hill, NC 27516July 19, 1999Full Service Brick and Mortar
    2468141Falls River Branch1151 Falls River Avenue, Raleigh, NC 27614August 20, 2007Full Service Brick and Mortar
    3468142Mlk Blvd1203 Martin Luther King, Jr. Blvd, Chapel Hill, NC 27514August 27, 2007Full Service Brick and Mortar

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