New East Bank of the Cape Fear in Fayetteville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 1993

New East Bank of the Cape Fear in Fayetteville, North Carolina (NC)
Show street view No street view available for this location

New East Bank of the Cape Fear - Overview

General
FDIC Certificate #: 32726
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Triangle Bank (#27145)
Federal Reserve ID: 1405077
Date Established: November 18, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 45589
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 18, 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: 991 South Mcpherson Church Road, Fayetteville, NC 28303
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: $43.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$41,946Cash and due from depository institutions
$1,959Interest-bearing balances
$0Securities
$4,349Federal funds sold & reverse repurchase agreements
$3,915Net loans & leases
$30,040Loan loss allowance
$758Trading account assets
$0Bank premises and fixed assets
$1,019Other real estate owned
$0Goodwill and other intangibles
$453Life insurance assets
$211All other assets
$0Total liabilities and capital
$41,946Total liabilities
$37,786Total deposits
$37,368Interest-bearing deposits
$31,995Deposits held in domestic offices
37368.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$139Subordinated debt
$0All other liabilities
$279Total equity capital
$279Total bank equity capital
$4,160Perpetual preferred stock
$0Common stock
$2,500Surplus
$2,500Undivided profits
Memoranda
$-840Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$365Income earned, not collected on loans
$288Earning assets
$38,304Long-term assets (5+ years)
$2,718Average Assets, year-to-date
$38,443Average Assets, quarterly
$42,175Volatile liabilities
$6,595Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,011Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,949Total risk weighted assets
$34,154Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,020Total interest expense
$1,483Net interest income
$1,537Provision for loan and lease losses
$643Total noninterest income
$272Fiduciary activities
$0Service charges on deposit accounts
$260Trading account gains & fees
$0Additional noninterest income
$12Total noninterest expense
$1,674Salaries and employee benefits
$468Premises and equipment expense
$376Additional noninterest expense
$830Pre-tax net operating income
-$508Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
-$508Extraordinary gains - net
$0Net income attributable to bank
-$508Net charge-offs
$184Cash 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
8.88%Cost of funding earning assets
4.36%Net interest margin
4.52%Noninterest income to earning assets
0.80%Noninterest expense to earning assets
4.92%Net operating income to assets
-1.32%Return on assets (ROA)
-1.32%Pretax return on assets
-1.32%Return on equity (ROE)
-11.39%Retained earnings to average equity (YTD only)
-11.39%Net charge-offs to loans
0.69%Credit loss provision to net charge-offs
349.46%Efficiency ratio
92,537Assets per employee
2.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.46%Loss allowance to noncurrent loans
207.67%Noncurrent assets plus other real estate owned to assets
0.87%Noncurrent loans to loans
1.19%Net loans and leases to deposits
80.39%Net loans and leases to core deposits
97.62%Equity capital to assets
9.92%Core capital (leverage) ratio
9.55%Tier 1 risk-based capital ratio
11.56%Total risk-based capital ratio
Memoranda
$13Average assets
$38,443Average earning assets
$4,461Average equity
$34,026Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New East Bank of the Cape Fear.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.