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

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High Point Bank and Trust Company
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)221
Total assets$790,487
Cash and due from depository institutions$49,604
Interest-bearing balances$19,618
Federal funds sold & reverse repurchase agreements$1,000
Net loans & leases$522,364
Loan loss allowance $13,568
Trading account assets$0
Bank premises and fixed assets$17,555
Other real estate owned$9,576
Goodwill and other intangibles$4,988
All other assets$43,297
Life insurance assets$790,487
Total liabilities and capital$699,024
Total liabilities$617,914
Total deposits$507,494
Interest-bearing deposits$617,914
Deposits held in domestic offices$83
% insured (estimated)21000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$48,684
Other borrowed funds $0
Subordinated debt $11,426
All other liabilities $91,463
Total equity capital$91,463
Total bank equity capital$91,463
Perpetual preferred stock$0
Common stock$2,700
Undivided profits $71,763
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,653
Income earned, not collected on loans $20,567
Earning assets $0
Long-term assets (5+ years) $1,996
Average Assets, year-to-date $685,085
Average Assets, quarterly $179,339
Volatile liabilities $785,001
Insider loans $785,604
FHLB advances $591,167
Loans and leases held for sale $760,903
Unused loan commitments $23,729
Tier 1 (core) risk-based capital $14,382
Tier 2 risk-based capital $82,419
Total risk weighted assets $0
Total unused commitments $9,347
Restructured Loans and leases $129,410
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $31,530
Total interest expense $6,189
Net interest income $25,341
Provision for loan and lease losses $8,400
Total noninterest income $4,728
Fiduciary activities $2,891
Service charges on deposit accounts $1,153
Trading account gains & fees $0
Additional noninterest income $684
Total noninterest expense $27,129
Salaries and employee benefits $16,622
Premises and equipment expense $3,061
Additional noninterest expense $7,446
Pre-tax net operating income -$5,460
Securities gains (losses) $636
Applicable income taxes -$2,891
Income before extraordinary items -$1,933
Extraordinary gains - net $0
Net income attributable to bank -$1,933
Net charge-offs $0
Cash dividends -$1,933
Sale, conversion, retirement of capital stock, net $7,174
Net operating income $1,177
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.59%
Cost of funding earning assets 0.90%
Net interest margin 3.69%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 3.95%
Net operating income to assets -0.30%
Return on assets (ROA) -0.25%
Pretax return on assets -0.61%
Return on equity (ROE) -2.06%
Retained earnings to average equity (YTD only) -3.31%
Net charge-offs to loans 1.37%
Credit loss provision to net charge-offs 117.09%
Efficiency ratio0.41%
Assets per employee$89,039
Cash dividends to net income (YTD only)3.58%
Condition Ratios (%)
Loss allowance to loans -60.89%
Loss allowance to noncurrent loans 2.53%
Noncurrent assets plus other real estate owned to assets 65.97%
Noncurrent loans to loans 3.81%
Net loans and leases to deposits3.84%
Net loans and leases to core deposits 84.54%
Equity capital to assets 98.85%
Core capital (leverage) ratio 11.57%
Tier 1 risk-based capital ratio 10.83%
Total risk-based capital ratio 13.94%
Average assets$15
Average earning assets$785,001
Average equity $93,887
Average loans $686,989
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$485,263
Number of Accounts1
Personal trust and agency accounts$439,226
Employee benefit-defined contribution accounts$250,829
Employee benefit-defined benefit accounts$15,836
Other retirement accounts$18,745
Corporate trust and agency accounts$38,736
Investment management agency accounts$0
Other fiduciary accounts$79,452
Fiduciary accounts held in foreign offices$35,628
Non-managed Assets$0
Number of Accounts462
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$46,037
Corporate trust and agency accounts$18,139
Other fiduciary accounts$16,569
Fiduciary accounts held in foreign offices$11,298
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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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