New Century Bank in Dunn, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • New Century Bank in Dunn, North Carolina (NC)
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New Century Bank - Overview

  • General
  • FDIC Certificate #: 35465
    Status: Active
    Federal Reserve ID: 2913887
    Bank Holding Company (Regulatory Top Holder): New Century Bancorp, Inc. (RSSDID: 3207659, Location: Dunn, NC)
    Date Established: May 24, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 80247
    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: May 24, 2000
    Last Structure Change Effective Date: March 29, 2008
    Last Structure Change Process Date: April 22, 2008
    Last Data Update: April 22, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 West Cumberland Street, Dunn, NC 28335
    County: Harnett
    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
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Dunn, NC (#20380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $588.7 mil
    Equity capital: $59.9 mil
    Deposits held in domestic offices: $502.4 mil
    Return on assets (ROA): 0.02% ($0.1 mil)
    Quarterly return on assets: 0.44% ($2.6 mil)
    Return on Equity (ROE): 0.18% ($0.1 mil)
    Quarterly return on equity: 4.49% ($2.7 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: -0.02% (-$117.7 mil)
    Quarterly Pretax return on assets: 0.69% ($4,061.9 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
  • 113Total employees (full-time equivalent)
  • $588,675Total assets
  • $74,068Cash and due from depository institutions
  • $55,590Interest-bearing balances
  • $67,854Securities
  • $3,028Federal funds sold & reverse repurchase agreements
  • $407,590Net loans & leases
  • $10,034Loan loss allowance
  • $0Trading account assets
  • $11,243Bank premises and fixed assets
  • $3,031Other real estate owned
  • $550Goodwill and other intangibles
  • $588,675Life insurance assets
  • $21,311All other assets
  • $528,786Total liabilities and capital
  • $502,431Total liabilities
  • $426,808Total deposits
  • $502,431Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 19877.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $2,478Subordinated debt
  • $59,889All other liabilities
  • $59,889Total equity capital
  • $59,889Total bank equity capital
  • $0Perpetual preferred stock
  • $11,554Common stock
  • $48,120Surplus
  • $215Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,732Income earned, not collected on loans
  • $0Earning assets
  • $2,003Long-term assets (5+ years)
  • $534,062Average Assets, year-to-date
  • $94,164Average Assets, quarterly
  • $617,498Volatile liabilities
  • $602,143Insider loans
  • $448,344FHLB advances
  • $600,825Loans and leases held for sale
  • $7,981Unused loan commitments
  • $7,981Tier 1 (core) risk-based capital
  • $53,272Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $51,976Restructured Loans and leases
  • $16,392Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,499Total interest income
  • $8,126Total interest expense
  • $22,373Net interest income
  • $6,218Provision for loan and lease losses
  • $1,188Total noninterest income
  • $0Fiduciary activities
  • $1,475Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$287Additional noninterest income
  • $17,380Total noninterest expense
  • $8,842Salaries and employee benefits
  • $1,418Premises and equipment expense
  • $7,120Additional noninterest expense
  • -$37Pre-tax net operating income
  • -$103Securities gains (losses)
  • -$246Applicable income taxes
  • $106Income before extraordinary items
  • $0Extraordinary gains - net
  • $106Net income attributable to bank
  • $0Net charge-offs
  • $106Cash dividends
  • $6,199Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.03%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • -0.02%Pretax return on assets
  • 0.18%Return on equity (ROE)
  • 0.18%Retained earnings to average equity (YTD only)
  • 1.38%Net charge-offs to loans
  • 100.31%Credit loss provision to net charge-offs
  • 1.00%Efficiency ratio
  • 73,766Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.40%Loss allowance to noncurrent loans
  • 56.59%Noncurrent assets plus other real estate owned to assets
  • 3.53%Noncurrent loans to loans
  • 4.25%Net loans and leases to deposits
  • 81.12%Net loans and leases to core deposits
  • 89.51%Equity capital to assets
  • 10.17%Core capital (leverage) ratio
  • 8.87%Tier 1 risk-based capital ratio
  • 11.88%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $617,498Average earning assets
  • $59,543Average equity
  • $567,477Average loans

List of branches

  • 9 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080247New Century Bank700 West Cumberland Street, Dunn, NC 28335May 24, 2000Full Service Brick and Mortar
    1363274Clinton Main Branch111 Northeast Boulevard, Clinton, NC 28328Febuary 20, 2002Full Service Brick and Mortar
    3429531Goldsboro Branch 4431 North Spence Avenue, Goldsboro, NC 27534January 22, 2004Full Service Brick and Mortar
    6468966Lillington Branch818 Mckinney Parkway, Lillington, NC 27546October 15, 2007Full Service Brick and Mortar
    7418419Fayetteville Branch 712818 Raeford Road, Fayetteville, NC 28303January 02, 2004Full Service Brick and Mortar
    9287817Raeford Branch 63720 Harris Avenue, Raeford, NC 28376June 30, 1986Full Service Brick and Mortar
    10287818Pembroke Branch 64410 E. 3rd. St., Pembroke, NC 28372June 30, 1988Full Service Brick and Mortar
    11287819Lumberton Branch 624400 Fayetteville Road, Lumberton, NC 28358August 02, 1982Full Service Brick and Mortar
    13462565Ramsey Street Branch 726390 Ramsey Street, Fayetteville, NC 28311April 03, 2007Full Service Brick and Mortar

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