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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