Nantahala Bank & Trust Company in Franklin, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Nantahala Bank & Trust Company in Franklin, North Carolina (NC)
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Nantahala Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 57784
    Status: Active
    Federal Reserve ID: 3285778
    Date Established: October 04, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 424604
    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: October 04, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 Siler Road, Franklin, NC 28734
    County: Macon
    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
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $176.6 mil
    Equity capital: $9.5 mil
    Deposits held in domestic offices: $154.0 mil
    Return on assets (ROA): -1.55% (-$2.7 mil)
    Quarterly return on assets: -1.85% (-$3.3 mil)
    Return on Equity (ROE): -25.99% (-$2.3 mil)
    Quarterly return on equity: -33.92% (-$3.1 mil)
    Net income: -$2.8 mil
    Quarterly Net income: -$0.8 mil
    Pretax return on assets: -1.55% (-$2,737.0 mil)
    Quarterly Pretax return on assets: -1.85% (-$3,266.7 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, 2011)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $176,580Total assets
  • $9,363Cash and due from depository institutions
  • $7,464Interest-bearing balances
  • $26,341Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,822Net loans & leases
  • $3,724Loan loss allowance
  • $0Trading account assets
  • $4,809Bank premises and fixed assets
  • $13,943Other real estate owned
  • $28Goodwill and other intangibles
  • $176,580Life insurance assets
  • $2,274All other assets
  • $167,105Total liabilities and capital
  • $153,953Total liabilities
  • $140,530Total deposits
  • $153,953Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,715Trading liabilities
  • $862Other borrowed funds
  • $575Subordinated debt
  • $9,475All other liabilities
  • $9,475Total equity capital
  • $9,475Total bank equity capital
  • $2,537Perpetual preferred stock
  • $3,862Common stock
  • $18,587Surplus
  • $-15,511Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,010Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,726Income earned, not collected on loans
  • $0Earning assets
  • $550Long-term assets (5+ years)
  • $153,627Average Assets, year-to-date
  • $55,982Average Assets, quarterly
  • $182,174Volatile liabilities
  • $180,764Insider loans
  • $137,356FHLB advances
  • $180,356Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,048Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,919Restructured Loans and leases
  • $626Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,452Total interest income
  • $2,423Total interest expense
  • $5,029Net interest income
  • $515Provision for loan and lease losses
  • -$1,313Total noninterest income
  • $0Fiduciary activities
  • $265Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,578Additional noninterest income
  • $6,309Total noninterest expense
  • $2,364Salaries and employee benefits
  • $1,227Premises and equipment expense
  • $2,718Additional noninterest expense
  • -$3,108Pre-tax net operating income
  • $280Securities gains (losses)
  • $0Applicable income taxes
  • -$2,828Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,828Net income attributable to bank
  • $0Net charge-offs
  • -$2,828Cash dividends
  • $891Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 3.23%Net interest margin
  • -0.84%Noninterest income to earning assets
  • 4.06%Noninterest expense to earning assets
  • -1.71%Net operating income to assets
  • -1.55%Return on assets (ROA)
  • -1.55%Pretax return on assets
  • -25.99%Return on equity (ROE)
  • -25.99%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 57.80%Credit loss provision to net charge-offs
  • -2.91%Efficiency ratio
  • 169,779Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.01%Loss allowance to noncurrent loans
  • 29.26%Noncurrent assets plus other real estate owned to assets
  • 15.10%Noncurrent loans to loans
  • 10.30%Net loans and leases to deposits
  • 77.83%Net loans and leases to core deposits
  • 87.98%Equity capital to assets
  • 5.37%Core capital (leverage) ratio
  • 5.02%Tier 1 risk-based capital ratio
  • 6.59%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $182,174Average earning assets
  • $10,880Average equity
  • $155,527Average loans

List of branches

  • 3 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0424604Nantahala Bank & Trust Company120 Siler Road, Franklin, NC 28734October 04, 2004Full Service Brick and Mortar
    1439332Hayesville Branch102 Hwy 64 East, Hayesville, NC 28904March 11, 2005Full Service Brick and Mortar
    2465948Murphy Branch86 Hiawassee Street, Murphy, NC 28906July 02, 2007Full Service Brick and Mortar

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