North State Bank in Raleigh, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • North State Bank in Raleigh, North Carolina (NC)
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North State Bank - Overview

  • General
  • FDIC Certificate #: 35519
    Status: Active
    Federal Reserve ID: 2915461
    Bank Holding Company (Regulatory Top Holder): North State Bancorp (RSSDID: 3109070, Location: Raleigh, NC)
    Date Established: June 01, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 81172
    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: June 01, 2000
    Last Structure Change Effective Date: June 15, 2009
    Last Structure Change Process Date: July 27, 2009
    Last Data Update: July 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 6204 Falls Of The Neuse Road, Raleigh, NC 27609
    County: Wake
    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): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $632.5 mil
    Equity capital: $52.9 mil
    Deposits held in domestic offices: $565.3 mil
    Return on assets (ROA): 0.26% ($1.6 mil)
    Quarterly return on assets: 0.44% ($2.8 mil)
    Return on Equity (ROE): 3.16% ($1.7 mil)
    Quarterly return on equity: 5.29% ($2.8 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.39% ($2,466.7 mil)
    Quarterly Pretax return on assets: 0.67% ($4,237.6 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
  • 119Total employees (full-time equivalent)
  • $632,479Total assets
  • $49,373Cash and due from depository institutions
  • $39,547Interest-bearing balances
  • $13,167Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $530,276Net loans & leases
  • $9,906Loan loss allowance
  • $0Trading account assets
  • $14,073Bank premises and fixed assets
  • $2,851Other real estate owned
  • $141Goodwill and other intangibles
  • $632,479Life insurance assets
  • $22,598All other assets
  • $579,612Total liabilities and capital
  • $565,347Total liabilities
  • $420,161Total deposits
  • $565,347Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 73.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $782Trading liabilities
  • $11,000Other borrowed funds
  • $2,410Subordinated debt
  • $52,867All other liabilities
  • $52,867Total equity capital
  • $52,867Total bank equity capital
  • $0Perpetual preferred stock
  • $8,382Common stock
  • $25,227Surplus
  • $19,258Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $49,728Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,020Income earned, not collected on loans
  • $0Earning assets
  • $1,441Long-term assets (5+ years)
  • $582,990Average Assets, year-to-date
  • $115,476Average Assets, quarterly
  • $636,593Volatile liabilities
  • $632,026Insider loans
  • $503,160FHLB advances
  • $626,762Loans and leases held for sale
  • $10,146Unused loan commitments
  • $10,146Tier 1 (core) risk-based capital
  • $52,458Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $163,148Restructured Loans and leases
  • $39,826Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,782Total interest income
  • $4,901Total interest expense
  • $22,881Net interest income
  • $6,749Provision for loan and lease losses
  • $3,277Total noninterest income
  • $0Fiduciary activities
  • $403Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,874Additional noninterest income
  • $17,285Total noninterest expense
  • $9,378Salaries and employee benefits
  • $2,730Premises and equipment expense
  • $5,177Additional noninterest expense
  • $2,124Pre-tax net operating income
  • $374Securities gains (losses)
  • $860Applicable income taxes
  • $1,638Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,638Net income attributable to bank
  • $0Net charge-offs
  • $1,638Cash dividends
  • $6,778Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 3.16%Return on equity (ROE)
  • 3.16%Retained earnings to average equity (YTD only)
  • 1.28%Net charge-offs to loans
  • 99.57%Credit loss provision to net charge-offs
  • 1.31%Efficiency ratio
  • 66,079Assets per employee
  • 5.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 41.24%Noncurrent assets plus other real estate owned to assets
  • 4.25%Noncurrent loans to loans
  • 4.45%Net loans and leases to deposits
  • 93.80%Net loans and leases to core deposits
  • 101.40%Equity capital to assets
  • 8.36%Core capital (leverage) ratio
  • 8.37%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $636,593Average earning assets
  • $51,782Average equity
  • $593,666Average loans

List of branches

  • 7 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081172North State Bank6204 Falls Of The Neuse Road, Raleigh, NC 27609June 01, 2000Full Service Brick and Mortar
    1362695Garner Village Shopping Ctr. Branch835 Highway 70 West, Garner, NC 27529June 01, 2000Full Service Brick and Mortar
    2429554West Raleigh Branch2413 Blue Ridge Road, Raleigh, NC 27607March 31, 2004Full Service Brick and Mortar
    3438877North Hills Branch4270 The Circle At North Hills, Raleigh, NC 27609March 07, 2005Full Service Brick and Mortar
    4454789Wake Forest Main Branch14091 New Falls Of The Neuse Road, Raleigh, NC 27614August 14, 2006Full Service Brick and Mortar
    5479003Wilmington Office Branch1411 Commonwealth Drive, Wilmington, NC 28403January 07, 2008Full Service Brick and Mortar
    6479004Downtown Office Branch230 Fayetteville Street, Raleigh, NC 27601December 13, 2007Full Service Brick and Mortar

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