NewDominion Bank in Charlotte, North Carolina (NC)



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NewDominion Bank routing number info

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NewDominion Bank
GeneralFDIC Certificate #: 57888
Status: Active
Federal Reserve ID: 3299814
Date Established: January 10, 2005
WWW: http://www.newdominionbank.com
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
LocationAddress: 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 ChangesCorrections
Change in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)46
Total assets$391,785
Cash and due from depository institutions$41,397
Interest-bearing balances$36,099
Securities$96,452
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$224,411
Loan loss allowance $10,363
Trading account assets$0
Bank premises and fixed assets$2,087
Other real estate owned$20,200
Goodwill and other intangibles$0
All other assets$7,238
Life insurance assets$391,785
Total liabilities and capital$376,622
Total liabilities$359,656
Total deposits$335,756
Interest-bearing deposits$359,656
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$15,500
Other borrowed funds $0
Subordinated debt $1,466
All other liabilities $15,163
Total equity capital$15,163
Total bank equity capital$15,163
Perpetual preferred stock$2,792
Common stock$6,042
Surplus$34,901
Undivided profits $-28,572
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $25,564
Earning assets $0
Long-term assets (5+ years) $1,285
Average Assets, year-to-date $356,962
Average Assets, quarterly $85,593
Volatile liabilities $434,942
Insider loans $398,118
FHLB advances $261,685
Loans and leases held for sale $402,065
Unused loan commitments $94
Tier 1 (core) risk-based capital $94
Tier 2 risk-based capital $14,410
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,780
Derivatives$11,070
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,012
Total interest expense $6,290
Net interest income $9,722
Provision for loan and lease losses $4,424
Total noninterest income $4,139
Fiduciary activities $0
Service charges on deposit accounts $183
Trading account gains & fees $0
Additional noninterest income $3,956
Total noninterest expense $12,594
Salaries and employee benefits $4,449
Premises and equipment expense $1,701
Additional noninterest expense $6,444
Pre-tax net operating income -$3,157
Securities gains (losses) $2,241
Applicable income taxes $81
Income before extraordinary items -$997
Extraordinary gains - net $0
Net income attributable to bank -$997
Net charge-offs $0
Cash dividends -$997
Sale, conversion, retirement of capital stock, net $9,823
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.00%
Cost of funding earning assets 1.57%
Net interest margin 2.43%
Noninterest income to earning assets 1.03%
Noninterest expense to earning assets 3.15%
Net operating income to assets -0.74%
Return on assets (ROA) -0.23%
Pretax return on assets -0.21%
Return on equity (ROE) -5.71%
Retained earnings to average equity (YTD only) -5.71%
Net charge-offs to loans 3.63%
Credit loss provision to net charge-offs 45.04%
Efficiency ratio0.13%
Assets per employee$90,859
Cash dividends to net income (YTD only)8.52%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.41%
Noncurrent assets plus other real estate owned to assets 40.54%
Noncurrent loans to loans 11.68%
Net loans and leases to deposits10.89%
Net loans and leases to core deposits 62.40%
Equity capital to assets 77.32%
Core capital (leverage) ratio 3.87%
Tier 1 risk-based capital ratio 3.58%
Total risk-based capital ratio 5.51%
Memoranda
Average assets$7
Average earning assets$434,942
Average equity $17,457
Average loans $400,353
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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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