Longleaf Community Bank in Rockingham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 18, 2008

Longleaf Community Bank in Rockingham, North Carolina (NC)
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Longleaf Community Bank - Overview

General
FDIC Certificate #: 57544
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Four Oaks Bank & Trust Company (#11506)
Federal Reserve ID: 3203174
Date Established: August 04, 2003
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 365438
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 04, 2003
Last Structure Change Effective Date: April 18, 2008
Last Structure Change Process Date: May 15, 2008
Last Data Update: May 15, 2008
Data Source Date: April 05, 2012
Location
Address: 1401 Fayettville Road, Rockingham, NC 28380
County: Richmond
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): Rockingham, NC (#40460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $62.7 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, 2007)

Dollar figures in thousands
19Total employees (full-time equivalent)
$59,076Total assets
$3,282Cash and due from depository institutions
$1,601Interest-bearing balances
$4,736Securities
$0Federal funds sold & reverse repurchase agreements
$46,326Net loans & leases
$596Loan loss allowance
$0Trading account assets
$3,824Bank premises and fixed assets
$205Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$703All other assets
$59,076Total liabilities and capital
$51,479Total liabilities
$46,510Total deposits
$43,365Interest-bearing deposits
$46,510Deposits held in domestic offices
0.00%% insured (estimated)
$1,021Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,836Other borrowed funds
$0Subordinated debt
$112All other liabilities
$7,597Total equity capital
$7,597Total bank equity capital
$7,597Perpetual preferred stock
$0Common stock
$3,933Surplus
$4,828Undivided profits
Memoranda
$-1,164Noncurrent loans and leases
$8,781Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$694Earning assets
$0Long-term assets (5+ years)
$329Average Assets, year-to-date
$52,663Average Assets, quarterly
$11,108Volatile liabilities
$54,273Insider loans
$58,362FHLB advances
$10,236Loans and leases held for sale
$4,468Unused loan commitments
$3,836Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,781Total unused commitments
$0Restructured Loans and leases
$596Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$3,746Total interest income
$1,993Total interest expense
$1,753Net interest income
$256Provision for loan and lease losses
$573Total noninterest income
$0Fiduciary activities
$163Service charges on deposit accounts
$0Trading account gains & fees
$410Additional noninterest income
$2,650Total noninterest expense
$1,266Salaries and employee benefits
$343Premises and equipment expense
$1,041Additional noninterest expense
-$580Pre-tax net operating income
-$2Securities gains (losses)
$0Applicable income taxes
-$582Income before extraordinary items
$0Extraordinary gains - net
-$582Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$85Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.72%Yield on earning assets
4.11%Cost of funding earning assets
3.61%Net interest margin
1.18%Noninterest income to earning assets
5.46%Noninterest expense to earning assets
-1.07%Net operating income to assets
-1.07%Return on assets (ROA)
-1.07%Pretax return on assets
-7.33%Return on equity (ROE)
-7.33%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
301.18%Credit loss provision to net charge-offs
-3.81%Efficiency ratio
113,929Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
85.88%Noncurrent assets plus other real estate owned to assets
1.52%Noncurrent loans to loans
1.48%Net loans and leases to deposits
99.60%Net loans and leases to core deposits
124.22%Equity capital to assets
12.86%Core capital (leverage) ratio
12.87%Tier 1 risk-based capital ratio
15.33%Total risk-based capital ratio
Memoranda
$17Average assets
$54,273Average earning assets
$7,940Average equity
$48,501Average loans

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