New East Bank of Greenville in Greenville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 1993

  • New East Bank of Greenville in Greenville, North Carolina (NC)
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New East Bank of Greenville - Overview

  • General
  • FDIC Certificate #: 32705
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Triangle Bank (#27145)
    Federal Reserve ID: 1405086
    Date Established: November 11, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 45540
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 11, 1989
    Last Structure Change Effective Date: December 29, 1993
    Last Structure Change Process Date: January 26, 1994
    Last Data Update: January 26, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2310 Charles Street, Greenville, NC 27858
    County: Pitt
    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): Greenville, NC (#3150)
    Core Based Statistical Area (CBSA): Greenville, NC (#24780)
    CBSA Metro Statistical Area: Greenville, NC (#24780)
  • Financial Summary
  • Total assets: $29.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $16Total assets
  • $27,237Cash and due from depository institutions
  • $1,768Interest-bearing balances
  • $0Securities
  • $5,046Federal funds sold & reverse repurchase agreements
  • $615Net loans & leases
  • $17,050Loan loss allowance
  • $393Trading account assets
  • $0Bank premises and fixed assets
  • $2,365Other real estate owned
  • $90Goodwill and other intangibles
  • $303Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $27,237Total liabilities
  • $23,741Total deposits
  • $23,395Interest-bearing deposits
  • $21,138Deposits held in domestic offices
  • 23395.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $212Subordinated debt
  • $0All other liabilities
  • $134Total equity capital
  • $134Total bank equity capital
  • $3,496Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $-1,504Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1Income earned, not collected on loans
  • $166Earning assets
  • $22,711Long-term assets (5+ years)
  • $1,569Average Assets, year-to-date
  • $28,478Average Assets, quarterly
  • $27,999Volatile liabilities
  • $4,605Insider loans
  • $4FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,842Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,496Total risk weighted assets
  • $21,631Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,981Total interest expense
  • $924Net interest income
  • $1,057Provision for loan and lease losses
  • $303Total noninterest income
  • $243Fiduciary activities
  • $0Service charges on deposit accounts
  • $221Trading account gains & fees
  • $0Additional noninterest income
  • $22Total noninterest expense
  • $1,790Salaries and employee benefits
  • $546Premises and equipment expense
  • $438Additional noninterest expense
  • $806Pre-tax net operating income
  • -$793Securities gains (losses)
  • $79Applicable income taxes
  • $0Income before extraordinary items
  • -$714Extraordinary gains - net
  • $0Net income attributable to bank
  • -$714Net charge-offs
  • $250Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.20%Cost of funding earning assets
  • 3.83%Net interest margin
  • 4.38%Noninterest income to earning assets
  • 1.01%Noninterest expense to earning assets
  • 7.41%Net operating income to assets
  • -2.78%Return on assets (ROA)
  • -2.51%Pretax return on assets
  • -2.51%Return on equity (ROE)
  • -18.46%Retained earnings to average equity (YTD only)
  • -18.46%Net charge-offs to loans
  • 1.34%Credit loss provision to net charge-offs
  • 121.20%Efficiency ratio
  • 137,692Assets per employee
  • 1.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.25%Loss allowance to noncurrent loans
  • 39300.00%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 72.88%Net loans and leases to core deposits
  • 90.74%Equity capital to assets
  • 12.84%Core capital (leverage) ratio
  • 12.29%Tier 1 risk-based capital ratio
  • 16.16%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $28,478Average earning assets
  • $3,867Average equity
  • $24,149Average loans

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