MidCarolina Bank in Burlington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2011

  • MidCarolina Bank in Burlington, North Carolina (NC)
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MidCarolina Bank - Overview

  • General
  • FDIC Certificate #: 34454
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American National Bank and Trust Company (#6837)
    Federal Reserve ID: 2602220
    Date Established: August 14, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 57218
    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 14, 1997
    Last Structure Change Effective Date: July 01, 2011
    Last Structure Change Process Date: July 11, 2011
    Last Data Update: July 11, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3101 South Church Street, Burlington, NC 27215
    County: Alamance
    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): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Burlington, NC (#15500)
    CBSA Metro Statistical Area: Burlington, NC (#15500)
  • Financial Summary
  • Total assets: $477.8 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, 2010)

  • Dollar figures in thousands
  • 78Total employees (full-time equivalent)
  • $531,535Total assets
  • $4,307Cash and due from depository institutions
  • $0Interest-bearing balances
  • $90,151Securities
  • $9,400Federal funds sold & reverse repurchase agreements
  • $393,561Net loans & leases
  • $9,226Loan loss allowance
  • $0Trading account assets
  • $6,534Bank premises and fixed assets
  • $7,244Other real estate owned
  • $0Goodwill and other intangibles
  • $8,514Life insurance assets
  • $20,338All other assets
  • $531,535Total liabilities and capital
  • $483,189Total liabilities
  • $466,319Total deposits
  • $458,088Interest-bearing deposits
  • $466,319Deposits held in domestic offices
  • 56.96%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,000Other borrowed funds
  • $0Subordinated debt
  • $1,870All other liabilities
  • $48,346Total equity capital
  • $48,346Total bank equity capital
  • $48,346Perpetual preferred stock
  • $0Common stock
  • $20,470Surplus
  • $11,624Undivided profits
  • Memoranda
  • $16,252Noncurrent loans and leases
  • $54,378Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,079Earning assets
  • $0Long-term assets (5+ years)
  • $1,801Average Assets, year-to-date
  • $493,112Average Assets, quarterly
  • $72,608Volatile liabilities
  • $549,887Insider loans
  • $541,616FHLB advances
  • $162,530Loans and leases held for sale
  • $10,155Unused loan commitments
  • $15,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,958Total risk weighted assets
  • $54,378Total unused commitments
  • $4,014Restructured Loans and leases
  • $5,288Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $25,726Total interest income
  • $7,803Total interest expense
  • $17,923Net interest income
  • $6,418Provision for loan and lease losses
  • $1,964Total noninterest income
  • $0Fiduciary activities
  • $712Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,252Additional noninterest income
  • $12,207Total noninterest expense
  • $5,261Salaries and employee benefits
  • $1,159Premises and equipment expense
  • $5,787Additional noninterest expense
  • $1,262Pre-tax net operating income
  • $22Securities gains (losses)
  • -$13Applicable income taxes
  • $1,297Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,297Net income attributable to bank
  • $0Net charge-offs
  • $1,297Cash dividends
  • $4,499Sale, conversion, retirement of capital stock, net
  • $615Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 2.68%Return on equity (ROE)
  • 1.41%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 142.65%Credit loss provision to net charge-offs
  • 1.71%Efficiency ratio
  • 61,382Assets per employee
  • 6.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.42%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 101.62%Noncurrent assets plus other real estate owned to assets
  • 3.07%Noncurrent loans to loans
  • 2.25%Net loans and leases to deposits
  • 84.40%Net loans and leases to core deposits
  • 127.45%Equity capital to assets
  • 9.10%Core capital (leverage) ratio
  • 9.03%Tier 1 risk-based capital ratio
  • 11.77%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $549,887Average earning assets
  • $48,463Average equity
  • $507,864Average loans

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