NewBridge Bank in Greensboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • NewBridge Bank in Greensboro, North Carolina (NC)
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NewBridge Bank - Overview

  • General
  • FDIC Certificate #: 16799
    Status: Active
    Federal Reserve ID: 617024
    Bank Holding Company (Regulatory Top Holder): Newbridge Bancorp (RSSDID: 1076002, Location: Greensboro, NC)
    Date Established: July 05, 1949
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 31 (Domestic: 31, Interstate: No)
    OTS Docket #: 13142
    FDIC's unique #: 10907
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 05, 1949
    Last Structure Change Effective Date: Febuary 14, 2012
    Last Structure Change Process Date: March 07, 2012
    Last Data Update: March 07, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 2132 New Garden Road, Greensboro, NC 27410
    County: Guilford
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $1,733.4 mil
    Equity capital: $184.2 mil
    Deposits held in domestic offices: $1,423.7 mil
    Return on assets (ROA): 0.23% ($4.0 mil)
    Quarterly return on assets: 0.00% ($0.0 mil)
    Return on Equity (ROE): 2.19% ($4.0 mil)
    Quarterly return on equity: -0.04% (-$0.1 mil)
    Net income: $4.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.31% ($5,373.6 mil)
    Quarterly Pretax return on assets: 0.07% ($1,213.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 426Total employees (full-time equivalent)
  • $1,733,432Total assets
  • $53,992Cash and due from depository institutions
  • $26,363Interest-bearing balances
  • $330,626Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,179,076Net loans & leases
  • $28,844Loan loss allowance
  • $0Trading account assets
  • $34,910Bank premises and fixed assets
  • $30,587Other real estate owned
  • $3,800Goodwill and other intangibles
  • $1,733,432Life insurance assets
  • $100,441All other assets
  • $1,549,253Total liabilities and capital
  • $1,423,713Total liabilities
  • $1,246,325Total deposits
  • $1,423,713Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 21000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $86,700Trading liabilities
  • $0Other borrowed funds
  • $17,840Subordinated debt
  • $184,179All other liabilities
  • $184,179Total equity capital
  • $184,179Total bank equity capital
  • $0Perpetual preferred stock
  • $14,156Common stock
  • $112,653Surplus
  • $57,370Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,922Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $33,128Income earned, not collected on loans
  • $60Earning assets
  • $6,537Long-term assets (5+ years)
  • $1,536,065Average Assets, year-to-date
  • $317,291Average Assets, quarterly
  • $1,750,159Volatile liabilities
  • $1,715,782Insider loans
  • $1,360,460FHLB advances
  • $1,695,803Loans and leases held for sale
  • $43,522Unused loan commitments
  • $4,717Tier 1 (core) risk-based capital
  • $176,341Tier 2 risk-based capital
  • $38,805Total risk weighted assets
  • $0Total unused commitments
  • $276,685Restructured Loans and leases
  • $15,307Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $79,445Total interest income
  • $11,858Total interest expense
  • $67,587Net interest income
  • $16,785Provision for loan and lease losses
  • $11,111Total noninterest income
  • $903Fiduciary activities
  • $6,037Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,171Additional noninterest income
  • $58,463Total noninterest expense
  • $28,806Salaries and employee benefits
  • $7,295Premises and equipment expense
  • $22,362Additional noninterest expense
  • $3,450Pre-tax net operating income
  • $2,026Securities gains (losses)
  • $1,450Applicable income taxes
  • $4,026Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,026Net income attributable to bank
  • $0Net charge-offs
  • $4,026Cash dividends
  • $16,694Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 2.19%Retained earnings to average equity (YTD only)
  • 1.31%Net charge-offs to loans
  • 100.55%Credit loss provision to net charge-offs
  • 1.21%Efficiency ratio
  • 73,365Assets per employee
  • 4.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.39%Loss allowance to noncurrent loans
  • 87.07%Noncurrent assets plus other real estate owned to assets
  • 3.68%Noncurrent loans to loans
  • 2.74%Net loans and leases to deposits
  • 82.82%Net loans and leases to core deposits
  • 89.75%Equity capital to assets
  • 10.63%Core capital (leverage) ratio
  • 10.40%Tier 1 risk-based capital ratio
  • 12.96%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,750,159Average earning assets
  • $183,632Average equity
  • $1,562,822Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $145,152Managed Assets
  • 1Number of Accounts
  • $136,478Personal trust and agency accounts
  • $21,723Employee benefit-defined contribution accounts
  • $487Employee benefit-defined benefit accounts
  • $19,712Other retirement accounts
  • $23,061Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $63,547Other fiduciary accounts
  • $7,948Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 276Number of Accounts
  • $0Personal trust and agency accounts
  • $22,407Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,674Other retirement accounts
  • $23Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $8,636Fiduciary accounts held in foreign offices

List of branches

  • 31 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010907Newbridge Bank2132 New Garden Road, Greensboro, NC 27410July 05, 1949Full Service Brick and Mortar
    2238838Welcome Branch6123 U.S. Highway 52, Welcome, NC 27374July 09, 1959Full Service Brick and Mortar
    6238842Midway Branch11492 Old U.S. Highway 52, Winston Salem, NC 27107May 17, 1973Full Service Brick and Mortar
    8238844Arcadia Branch3500 Old Salisbury Rd, Winston Salem, NC 27127March 01, 1978Full Service Brick and Mortar
    10238846Randolph Street Branch919 Randolph Street, Thomasville, NC 27360July 01, 1987Full Service Brick and Mortar
    11238847Wallburg Branch10335 N Nc Highway 109, Winston Salem, NC 27107December 21, 1992Full Service Brick and Mortar
    1440340Stratford Branch161 South Stratford Road, Winston-Salem, NC 27104August 14, 1989Full Service Brick and Mortar
    17252673Walkertown Branch3000 Old Hollow Road, Walkertown, NC 27051October 04, 1974Full Service Brick and Mortar
    1845829King Branch647 South Main Street, King, NC 27021April 16, 1990Full Service Brick and Mortar
    20234255Danbury Main Branch1101 North Main Street, Danbury, NC 27016December 18, 1964Full Service Brick and Mortar
    21289072Kernersville Branch131 East Mountain Street, Kernersville, NC 27284Febuary 27, 1995Full Service Brick and Mortar
    22359702Clemmons Branch2386 Lewisville-Clemmons Road, Clemmons, NC 27012March 13, 2001Full Service Brick and Mortar
    23362373Westchester Branch200 Westchester Drive, High Point, NC 27262November 01, 2001Full Service Brick and Mortar
    24364518Tyro Branch4481 South Nc Hwy 150, Lexington, NC 27295April 29, 2002Full Service Brick and Mortar
    26419011Archdale Branch10401 North Main Street, Archdale, NC 27263May 12, 2003Full Service Brick and Mortar
    28431481Jamestown Branch120 East Main Street, Jamestown, NC 27282April 08, 2004Full Service Brick and Mortar
    29432262Uptown Express Branch500 South Main Street, Lexington, NC 27292August 26, 2004Limited Service Facility
    303258Reidsville Main202 South Main Street, Reidsville, NC 27320January 01, 1910Full Service Brick and Mortar
    32205446West Area Branch1646 Freeway Drive, Reidsville, NC 27320September 01, 1972Full Service Brick and Mortar
    33205449Eden Main Branch801 South Van Buren Road, Eden, NC 27288August 26, 1996Full Service Brick and Mortar
    35205450Madison Branch605 North Highway Street, Madison, NC 27025January 06, 1997Full Service Brick and Mortar
    36205451Wilmington Main Branch704 South College Road, Wilmington, NC 28403Febuary 18, 1997Full Service Brick and Mortar
    37205452Corporate Headquarters Branch1501 Highwoods Boulevard, Suite 400, Greensboro, NC 27410May 19, 1997Limited Service Loan Production
    39205454Burgaw Branch301 East Fremont Street, Burgaw, NC 28425December 06, 1999Full Service Brick and Mortar
    40357089Hicone Road Branch4638 Hicone Road, Greensboro, NC 27405April 05, 2000Full Service Brick and Mortar
    41357093Randleman Road Branch3202 Randleman Road, Greensboro, NC 27406April 19, 2000Full Service Brick and Mortar
    44465807Mayfaire Branch1001 Military Cutoff Road, Ste 100, Wilmington, NC 28405October 10, 2006Full Service Brick and Mortar
    45470384Lexington Main Branch38 West First Avenue, Lexington, NC 27292July 05, 1949Full Service Brick and Mortar
    46430062Lawndale Branch1702 Battleground Ave, Greensboro, NC 27408June 30, 2004Full Service Brick and Mortar
    47510554Center Point Branch201 North Elm St, Unit 124, Greensboro, NC 27401December 07, 2009Full Service Brick and Mortar
    48516209South Lexington Branch298 Lowes Boulevard, Lexington, NC 27292January 31, 2011Full Service Brick and Mortar

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