New East Bank of the Albemarle in Elizabeth City, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 1993

  • New East Bank of the Albemarle in Elizabeth City, North Carolina (NC)
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New East Bank of the Albemarle - Overview

  • General
  • FDIC Certificate #: 32963
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Triangle Bank (#27145)
    Federal Reserve ID: 1450899
    Date Established: May 18, 1990
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 46141
    Numeric code: 13
    Regulator: FED
    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: May 18, 1990
    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: 916 West Ehringhaus Street, Elizabeth City, NC 27909
    County: Pasquotank
    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): Elizabeth City, NC (#21020)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $16.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6Total assets
  • $15,861Cash and due from depository institutions
  • $788Interest-bearing balances
  • $0Securities
  • $3,937Federal funds sold & reverse repurchase agreements
  • $345Net loans & leases
  • $10,323Loan loss allowance
  • $307Trading account assets
  • $0Bank premises and fixed assets
  • $322Other real estate owned
  • $0Goodwill and other intangibles
  • $146Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $15,861Total liabilities
  • $13,297Total deposits
  • $13,025Interest-bearing deposits
  • $11,398Deposits held in domestic offices
  • 13025.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $129Subordinated debt
  • $0All other liabilities
  • $143Total equity capital
  • $143Total bank equity capital
  • $2,564Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $1,750Undivided profits
  • Memoranda
  • $-936Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $68Earning assets
  • $14,605Long-term assets (5+ years)
  • $1,193Average Assets, year-to-date
  • $18,509Average Assets, quarterly
  • $17,459Volatile liabilities
  • $1,700Insider loans
  • $29FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,912Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,564Total risk weighted assets
  • $11,193Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,427Total interest expense
  • $701Net interest income
  • $726Provision for loan and lease losses
  • $158Total noninterest income
  • $98Fiduciary activities
  • $0Service charges on deposit accounts
  • $93Trading account gains & fees
  • $0Additional noninterest income
  • $5Total noninterest expense
  • $857Salaries and employee benefits
  • $248Premises and equipment expense
  • $157Additional noninterest expense
  • $452Pre-tax net operating income
  • -$191Securities gains (losses)
  • $24Applicable income taxes
  • $0Income before extraordinary items
  • -$167Extraordinary gains - net
  • $0Net income attributable to bank
  • -$167Net charge-offs
  • $4Cash 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
  • 8.28%Cost of funding earning assets
  • 4.07%Net interest margin
  • 4.21%Noninterest income to earning assets
  • 0.57%Noninterest expense to earning assets
  • 4.98%Net operating income to assets
  • -1.03%Return on assets (ROA)
  • -0.90%Pretax return on assets
  • -0.90%Return on equity (ROE)
  • -6.32%Retained earnings to average equity (YTD only)
  • -6.32%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 3950.00%Efficiency ratio
  • 104,005Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.89%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 79.26%Net loans and leases to core deposits
  • 91.15%Equity capital to assets
  • 16.17%Core capital (leverage) ratio
  • 14.49%Tier 1 risk-based capital ratio
  • 22.91%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $18,509Average earning assets
  • $2,641Average equity
  • $17,225Average loans

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