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

This bank is inactive as of March 29, 2008

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

  • General
  • FDIC Certificate #: 57609
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: New Century Bank (#35465)
    Federal Reserve ID: 3193462
    Date Established: January 02, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 418419
    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: January 02, 2004
    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: 2818 Raeford Road, Fayetteville, NC 28304
    County: Cumberland
    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): Fayetteville, NC (#2560)
    Core Based Statistical Area (CBSA): Fayetteville, NC (#22180)
    CBSA Metro Statistical Area: Fayetteville, NC (#22180)
  • Financial Summary
  • Total assets: $215.9 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, 2007)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $215,869Total assets
  • $3,502Cash and due from depository institutions
  • $91Interest-bearing balances
  • $19,551Securities
  • $5,820Federal funds sold & reverse repurchase agreements
  • $166,099Net loans & leases
  • $1,499Loan loss allowance
  • $0Trading account assets
  • $7,121Bank premises and fixed assets
  • $0Other real estate owned
  • $9,834Goodwill and other intangibles
  • $2,415Life insurance assets
  • $3,942All other assets
  • $215,869Total liabilities and capital
  • $185,923Total liabilities
  • $180,891Total deposits
  • $150,535Interest-bearing deposits
  • $180,891Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,890Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,142All other liabilities
  • $29,946Total equity capital
  • $29,946Total bank equity capital
  • $29,946Perpetual preferred stock
  • $0Common stock
  • $4,250Surplus
  • $20,801Undivided profits
  • Memoranda
  • $4,895Noncurrent loans and leases
  • $42,102Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $749Earning assets
  • $0Long-term assets (5+ years)
  • $991Average Assets, year-to-date
  • $191,561Average Assets, quarterly
  • $16,584Volatile liabilities
  • $213,140Insider loans
  • $216,725FHLB advances
  • $50,158Loans and leases held for sale
  • $9,217Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $42,102Total unused commitments
  • $0Restructured Loans and leases
  • $1,499Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $15,098Total interest income
  • $6,632Total interest expense
  • $8,466Net interest income
  • $2Provision for loan and lease losses
  • $1,416Total noninterest income
  • $0Fiduciary activities
  • $959Service charges on deposit accounts
  • $0Trading account gains & fees
  • $457Additional noninterest income
  • $6,037Total noninterest expense
  • $2,451Salaries and employee benefits
  • $539Premises and equipment expense
  • $3,047Additional noninterest expense
  • $3,843Pre-tax net operating income
  • $30Securities gains (losses)
  • $1,447Applicable income taxes
  • $2,426Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,426Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $152Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.01%Yield on earning assets
  • 3.52%Cost of funding earning assets
  • 4.49%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.82%Pretax return on assets
  • 8.48%Return on equity (ROE)
  • 8.48%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 1.32%Credit loss provision to net charge-offs
  • 25.30%Efficiency ratio
  • 59,532Assets per employee
  • 4.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 200.13%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 91.82%Net loans and leases to core deposits
  • 124.30%Equity capital to assets
  • 13.87%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 11.06%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $213,140Average earning assets
  • $28,604Average equity
  • $188,505Average loans

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