FDIC Certificate #: 30550 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Capital Bank (#34452) Federal Reserve ID: 436579 Date Established: Febuary 27, 1950 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 5536 FDIC's unique #: 43384 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 12, 1985 Last Structure Change Effective Date: July 16, 1999 Last Structure Change Process Date: September 08, 1999 Last Data Update: September 08, 1999 Data Source Date: April 05, 2012
Location
Address: 300 East Raleigh Street, Siler City, NC 27344 County: Chatham 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: $63.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
9Total employees (full-time equivalent)
$59,458Total assets
$1,325Cash and due from depository institutions
$558Interest-bearing balances
$15,630Securities
$11,900Federal funds sold & reverse repurchase agreements
$29,026Net loans & leases
$319Loan loss allowance
$0Trading account assets
$300Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,277All other assets
$59,458Total liabilities and capital
$49,594Total liabilities
$48,740Total deposits
$48,677Interest-bearing deposits
$48,740Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$66Other borrowed funds
$0Subordinated debt
$788All other liabilities
$9,864Total equity capital
$9,864Total bank equity capital
$9,864Perpetual preferred stock
$0Common stock
$923Surplus
$8,192Undivided profits
Memoranda
$749Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$406Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$57,114Average Assets, quarterly
$31,561Volatile liabilities
$58,810Insider loans
$59,586FHLB advances
$3,298Loans and leases held for sale
$92Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,352Total unused commitments
$0Restructured Loans and leases
$22,897Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,074Total interest income
$2,452Total interest expense
$1,622Net interest income
$41Provision for loan and lease losses
$59Total noninterest income
$0Fiduciary activities
$33Service charges on deposit accounts
$0Trading account gains & fees
$26Additional noninterest income
$1,418Total noninterest expense
$768Salaries and employee benefits
$66Premises and equipment expense
$584Additional noninterest expense
$222Pre-tax net operating income
$0Securities gains (losses)
$63Applicable income taxes
$159Income before extraordinary items
$0Extraordinary gains - net
$159Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$361Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.14%Yield on earning assets
4.30%Cost of funding earning assets
2.84%Net interest margin
0.10%Noninterest income to earning assets
2.49%Noninterest expense to earning assets
0.27%Net operating income to assets
0.27%Return on assets (ROA)
0.38%Pretax return on assets
1.62%Return on equity (ROE)
-2.06%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
84,355Assets per employee
6.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
227.04%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
78.57%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
1.38%Net loans and leases to deposits
59.55%Net loans and leases to core deposits
63.87%Equity capital to assets
16.59%Core capital (leverage) ratio
16.40%Tier 1 risk-based capital ratio
42.75%Total risk-based capital ratio
Memoranda
$44Average assets
$58,810Average earning assets
$9,789Average equity
$57,048Average loans
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