High Point Bank and Trust Company in High Point, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • High Point Bank and Trust Company in High Point, North Carolina (NC)
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High Point Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 12267
    Status: Active
    Federal Reserve ID: 49821
    Bank Holding Company (Regulatory Top Holder): High Point Bank Corporation (RSSDID: 1472220, Location: High Point, NC)
    Date Established: September 01, 1905
    WWW: http://www.highpointbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 10510
    FDIC's unique #: 7799
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    Last Structure Change Effective Date: October 13, 2006
    Last Structure Change Process Date: October 19, 2006
    Last Data Update: October 19, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 North Main Street, High Point, NC 27261
    County: Guilford
    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
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • Financial Summary
  • Total assets: $790.5 mil
    Equity capital: $91.5 mil
    Deposits held in domestic offices: $617.9 mil
    Return on assets (ROA): -0.25% (-$2.0 mil)
    Quarterly return on assets: 0.36% ($2.8 mil)
    Return on Equity (ROE): -2.06% (-$1.9 mil)
    Quarterly return on equity: 3.04% ($2.8 mil)
    Net income: -$1.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: -0.61% (-$4,822.0 mil)
    Quarterly Pretax return on assets: 0.43% ($3,399.1 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, 2011)

  • Dollar figures in thousands
  • 221Total employees (full-time equivalent)
  • $790,487Total assets
  • $49,604Cash and due from depository institutions
  • $19,618Interest-bearing balances
  • $142,103Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $522,364Net loans & leases
  • $13,568Loan loss allowance
  • $0Trading account assets
  • $17,555Bank premises and fixed assets
  • $9,576Other real estate owned
  • $4,988Goodwill and other intangibles
  • $790,487Life insurance assets
  • $43,297All other assets
  • $699,024Total liabilities and capital
  • $617,914Total liabilities
  • $507,494Total deposits
  • $617,914Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 21000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $48,684Trading liabilities
  • $0Other borrowed funds
  • $11,426Subordinated debt
  • $91,463All other liabilities
  • $91,463Total equity capital
  • $91,463Total bank equity capital
  • $0Perpetual preferred stock
  • $2,700Common stock
  • $17,000Surplus
  • $71,763Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,653Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,567Income earned, not collected on loans
  • $0Earning assets
  • $1,996Long-term assets (5+ years)
  • $685,085Average Assets, year-to-date
  • $179,339Average Assets, quarterly
  • $785,001Volatile liabilities
  • $785,604Insider loans
  • $591,167FHLB advances
  • $760,903Loans and leases held for sale
  • $23,729Unused loan commitments
  • $14,382Tier 1 (core) risk-based capital
  • $82,419Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,347Total unused commitments
  • $129,410Restructured Loans and leases
  • $15,204Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,530Total interest income
  • $6,189Total interest expense
  • $25,341Net interest income
  • $8,400Provision for loan and lease losses
  • $4,728Total noninterest income
  • $2,891Fiduciary activities
  • $1,153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $684Additional noninterest income
  • $27,129Total noninterest expense
  • $16,622Salaries and employee benefits
  • $3,061Premises and equipment expense
  • $7,446Additional noninterest expense
  • -$5,460Pre-tax net operating income
  • $636Securities gains (losses)
  • -$2,891Applicable income taxes
  • -$1,933Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,933Net income attributable to bank
  • $0Net charge-offs
  • -$1,933Cash dividends
  • $7,174Sale, conversion, retirement of capital stock, net
  • $1,177Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • -0.30%Net operating income to assets
  • -0.25%Return on assets (ROA)
  • -0.61%Pretax return on assets
  • -2.06%Return on equity (ROE)
  • -3.31%Retained earnings to average equity (YTD only)
  • 1.37%Net charge-offs to loans
  • 117.09%Credit loss provision to net charge-offs
  • 0.41%Efficiency ratio
  • 89,039Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -60.89%Loss allowance to loans
  • 2.53%Loss allowance to noncurrent loans
  • 65.97%Noncurrent assets plus other real estate owned to assets
  • 3.81%Noncurrent loans to loans
  • 3.84%Net loans and leases to deposits
  • 84.54%Net loans and leases to core deposits
  • 98.85%Equity capital to assets
  • 11.57%Core capital (leverage) ratio
  • 10.83%Tier 1 risk-based capital ratio
  • 13.94%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $785,001Average earning assets
  • $93,887Average equity
  • $686,989Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $485,263Managed Assets
  • 1Number of Accounts
  • $439,226Personal trust and agency accounts
  • $250,829Employee benefit-defined contribution accounts
  • $15,836Employee benefit-defined benefit accounts
  • $18,745Other retirement accounts
  • $38,736Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $79,452Other fiduciary accounts
  • $35,628Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 462Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $46,037Other retirement accounts
  • $18,139Corporate trust and agency accounts
  • $16,569Other fiduciary accounts
  • $11,298Fiduciary accounts held in foreign offices

List of branches

  • 13 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07799High Point Bank And Trust Company300 North Main Street, High Point, NC 27261September 01, 1905Full Service Brick and Mortar
    2226808Fairfield Branch2800 South Main Street, High Point, NC 27263June 28, 1966Full Service Brick and Mortar
    3226809Westchester Branch1813 Westchester Drive, High Point, NC 27262May 01, 1972Full Service Brick and Mortar
    4226810Main Drive-In Branch220 North Wrenn Street, High Point, NC 27260May 06, 1986Limited Service Facility
    5226811Eastchester Branch1028 Eastchester Dr, High Point, NC 27262September 14, 1988Full Service Brick and Mortar
    6226812Jamestown Branch207 East Main Street, Jamestown, NC 27282December 17, 1990Full Service Brick and Mortar
    7419422High Point Bank Operations Center Br1300 East Hartley Drive, High Point, NC 27265November 25, 2002Limited Service Administrative
    9429935Deep River Branch3015 East River Way, High Point, NC 27265May 01, 2004Full Service Brick and Mortar
    12477434Pineview Drive Branch515 Pineview Drive, Kernersville, NC 27284April 14, 2008Full Service Brick and Mortar
    13477435Pennybyrn Branch109 Penny Lane, Jamestown, NC 27282June 03, 2008
    14493361Pennybyrn Branch109 Penny Road, Jamestown, NC 27282July 01, 2008Limited Service Mobile
    15493995New Garden Branch1431 New Garden Road, Greensboro, NC 27410July 20, 2009Full Service Brick and Mortar
    16527852Wendover-Latham Park Branch324 W. Wendover Avenue, Suite 110, Greensboro, NC 27408November 30, 2011Full Service Brick and Mortar

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