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

This bank is inactive as of December 29, 1993

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

  • General
  • FDIC Certificate #: 33434
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Triangle Bank (#27145)
    Federal Reserve ID: 1865484
    Date Established: June 14, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 47118
    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: June 14, 1991
    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: 1801 South Glenburnie Road, New Bern, NC 28562
    County: Craven
    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
    Core Based Statistical Area (CBSA): New Bern, NC (#35100)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $16.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $9Total assets
  • $20,261Cash and due from depository institutions
  • $732Interest-bearing balances
  • $0Securities
  • $3,305Federal funds sold & reverse repurchase agreements
  • $1,960Net loans & leases
  • $13,401Loan loss allowance
  • $293Trading account assets
  • $0Bank premises and fixed assets
  • $654Other real estate owned
  • $0Goodwill and other intangibles
  • $209Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $20,261Total liabilities
  • $16,775Total deposits
  • $16,642Interest-bearing deposits
  • $15,712Deposits held in domestic offices
  • 16642.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2Subordinated debt
  • $0All other liabilities
  • $131Total equity capital
  • $131Total bank equity capital
  • $3,486Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $-514Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $105Income earned, not collected on loans
  • $140Earning assets
  • $18,666Long-term assets (5+ years)
  • $135Average Assets, year-to-date
  • $17,457Average Assets, quarterly
  • $19,696Volatile liabilities
  • $3,639Insider loans
  • $21FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $742Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,486Total risk weighted assets
  • $13,592Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,319Total interest expense
  • $594Net interest income
  • $725Provision for loan and lease losses
  • $407Total noninterest income
  • $197Fiduciary activities
  • $0Service charges on deposit accounts
  • $118Trading account gains & fees
  • $0Additional noninterest income
  • $79Total noninterest expense
  • $800Salaries and employee benefits
  • $256Premises and equipment expense
  • $158Additional noninterest expense
  • $386Pre-tax net operating income
  • -$285Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$285Extraordinary gains - net
  • $0Net income attributable to bank
  • -$285Net charge-offs
  • $236Cash 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
  • 8.29%Cost of funding earning assets
  • 3.73%Net interest margin
  • 4.55%Noninterest income to earning assets
  • 1.24%Noninterest expense to earning assets
  • 5.03%Net operating income to assets
  • -1.63%Return on assets (ROA)
  • -1.63%Pretax return on assets
  • -1.63%Return on equity (ROE)
  • -7.78%Retained earnings to average equity (YTD only)
  • -7.78%Net charge-offs to loans
  • 1.91%Credit loss provision to net charge-offs
  • 172.46%Efficiency ratio
  • 86,768Assets per employee
  • 2.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.14%Loss allowance to noncurrent loans
  • 279.05%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 80.53%Net loans and leases to core deposits
  • 103.06%Equity capital to assets
  • 17.21%Core capital (leverage) ratio
  • 17.57%Tier 1 risk-based capital ratio
  • 25.65%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $17,457Average earning assets
  • $3,661Average equity
  • $15,918Average loans

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