NewDominion Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • NewDominion Bank in Charlotte, North Carolina (NC)
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NewDominion Bank - Overview

  • General
  • FDIC Certificate #: 57888
    Status: Active
    Federal Reserve ID: 3299814
    Date Established: January 10, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 429296
    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: January 10, 2005
    Last Structure Change Effective Date: September 15, 2008
    Last Structure Change Process Date: December 04, 2008
    Last Data Update: December 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1111 Metropolitan Avenue, Charlotte, NC 28204
    County: Mecklenburg
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $391.8 mil
    Equity capital: $15.2 mil
    Deposits held in domestic offices: $359.7 mil
    Return on assets (ROA): -0.23% (-$0.9 mil)
    Quarterly return on assets: -2.46% (-$9.6 mil)
    Return on Equity (ROE): -5.71% (-$0.9 mil)
    Quarterly return on equity: -58.35% (-$8.8 mil)
    Net income: -$1.0 mil
    Quarterly Net income: -$2.5 mil
    Pretax return on assets: -0.21% (-$822.7 mil)
    Quarterly Pretax return on assets: -1.80% (-$7,052.1 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
  • 46Total employees (full-time equivalent)
  • $391,785Total assets
  • $41,397Cash and due from depository institutions
  • $36,099Interest-bearing balances
  • $96,452Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $224,411Net loans & leases
  • $10,363Loan loss allowance
  • $0Trading account assets
  • $2,087Bank premises and fixed assets
  • $20,200Other real estate owned
  • $0Goodwill and other intangibles
  • $391,785Life insurance assets
  • $7,238All other assets
  • $376,622Total liabilities and capital
  • $359,656Total liabilities
  • $335,756Total deposits
  • $359,656Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,500Trading liabilities
  • $0Other borrowed funds
  • $1,466Subordinated debt
  • $15,163All other liabilities
  • $15,163Total equity capital
  • $15,163Total bank equity capital
  • $2,792Perpetual preferred stock
  • $6,042Common stock
  • $34,901Surplus
  • $-28,572Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,564Income earned, not collected on loans
  • $0Earning assets
  • $1,285Long-term assets (5+ years)
  • $356,962Average Assets, year-to-date
  • $85,593Average Assets, quarterly
  • $434,942Volatile liabilities
  • $398,118Insider loans
  • $261,685FHLB advances
  • $402,065Loans and leases held for sale
  • $94Unused loan commitments
  • $94Tier 1 (core) risk-based capital
  • $14,410Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,780Restructured Loans and leases
  • $11,070Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,012Total interest income
  • $6,290Total interest expense
  • $9,722Net interest income
  • $4,424Provision for loan and lease losses
  • $4,139Total noninterest income
  • $0Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,956Additional noninterest income
  • $12,594Total noninterest expense
  • $4,449Salaries and employee benefits
  • $1,701Premises and equipment expense
  • $6,444Additional noninterest expense
  • -$3,157Pre-tax net operating income
  • $2,241Securities gains (losses)
  • $81Applicable income taxes
  • -$997Income before extraordinary items
  • $0Extraordinary gains - net
  • -$997Net income attributable to bank
  • $0Net charge-offs
  • -$997Cash dividends
  • $9,823Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.00%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 2.43%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • -0.74%Net operating income to assets
  • -0.23%Return on assets (ROA)
  • -0.21%Pretax return on assets
  • -5.71%Return on equity (ROE)
  • -5.71%Retained earnings to average equity (YTD only)
  • 3.63%Net charge-offs to loans
  • 45.04%Credit loss provision to net charge-offs
  • 0.13%Efficiency ratio
  • 90,859Assets per employee
  • 8.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.41%Loss allowance to noncurrent loans
  • 40.54%Noncurrent assets plus other real estate owned to assets
  • 11.68%Noncurrent loans to loans
  • 10.89%Net loans and leases to deposits
  • 62.40%Net loans and leases to core deposits
  • 77.32%Equity capital to assets
  • 3.87%Core capital (leverage) ratio
  • 3.58%Tier 1 risk-based capital ratio
  • 5.51%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $434,942Average earning assets
  • $17,457Average equity
  • $400,353Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0429296Newdominion Bank1111 Metropolitan Avenue, Charlotte, NC 28204January 10, 2005Full Service Brick and Mortar
    1446285Mooresville Office124 Trade Court, Suite A, Mooresville, NC 28117January 09, 2006Full Service Brick and Mortar
    4456601Messenger ServiceMetropolitan Avenue, Charlotte, NC 28204November 01, 2005Limited Service Messenger
    6480100Triangle Office Branch400 Meadowmont Village Center, Chapel Hill, NC 27517December 11, 2007Limited Service Administrative

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