High Country Bank in Boone, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2004

  • High Country Bank in Boone, North Carolina (NC)
  • Show street view No street view available for this location

High Country Bank - Overview

  • General
  • FDIC Certificate #: 34865
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Yadkin Valley Bank and Trust Company (#19861)
    Federal Reserve ID: 2748436
    Date Established: November 30, 1998
    WWW: http://www.highcountrybank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 16080
    FDIC's unique #: 61927
    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: November 30, 1998
    Last Structure Change Effective Date: January 01, 2004
    Last Structure Change Process Date: January 29, 2004
    Last Data Update: January 29, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 149 Jefferson Road, Boone, NC 28607
    County: Watauga
    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): Boone, NC (#14380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $183.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)

  • Dollar figures in thousands
  • 64Total employees (full-time equivalent)
  • $183,833Total assets
  • $5,097Cash and due from depository institutions
  • $9Interest-bearing balances
  • $8,716Securities
  • $5,375Federal funds sold & reverse repurchase agreements
  • $154,653Net loans & leases
  • $2,038Loan loss allowance
  • $0Trading account assets
  • $5,692Bank premises and fixed assets
  • $1,394Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,906All other assets
  • $183,833Total liabilities and capital
  • $168,573Total liabilities
  • $163,267Total deposits
  • $142,858Interest-bearing deposits
  • $163,267Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,929Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,377All other liabilities
  • $15,260Total equity capital
  • $15,260Total bank equity capital
  • $15,260Perpetual preferred stock
  • $0Common stock
  • $7,084Surplus
  • $7,329Undivided profits
  • Memoranda
  • $847Noncurrent loans and leases
  • $39,074Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $988Earning assets
  • $0Long-term assets (5+ years)
  • $791Average Assets, year-to-date
  • $168,753Average Assets, quarterly
  • $24,099Volatile liabilities
  • $179,019Insider loans
  • $183,177FHLB advances
  • $36,484Loans and leases held for sale
  • $2,329Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $39,074Total unused commitments
  • $0Restructured Loans and leases
  • $2,038Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $9,800Total interest income
  • $3,778Total interest expense
  • $6,022Net interest income
  • $930Provision for loan and lease losses
  • $3,113Total noninterest income
  • $0Fiduciary activities
  • $1,072Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,041Additional noninterest income
  • $6,238Total noninterest expense
  • $3,431Salaries and employee benefits
  • $699Premises and equipment expense
  • $2,108Additional noninterest expense
  • $1,967Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,967Income before extraordinary items
  • -$2,061Extraordinary gains - net
  • -$94Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $604Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 2.29%Cost of funding earning assets
  • 3.64%Net interest margin
  • 1.88%Noninterest income to earning assets
  • 3.77%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • -0.05%Return on assets (ROA)
  • -0.05%Pretax return on assets
  • -0.60%Return on equity (ROE)
  • -0.60%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 153.97%Credit loss provision to net charge-offs
  • 4.80%Efficiency ratio
  • 68,287Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 206.28%Noncurrent assets plus other real estate owned to assets
  • 1.30%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 94.72%Net loans and leases to core deposits
  • 119.23%Equity capital to assets
  • 8.30%Core capital (leverage) ratio
  • 8.31%Tier 1 risk-based capital ratio
  • 9.02%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $179,019Average earning assets
  • $15,747Average equity
  • $165,273Average loans

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