Northwestern National Bank in Wilkesboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2002

  • Northwestern National Bank in Wilkesboro, North Carolina (NC)
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Northwestern National Bank - Overview

  • General
  • FDIC Certificate #: 33546
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Catawba Valley Bank (#34083)
    Federal Reserve ID: 1920945
    Date Established: January 17, 1992
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 47426
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 17, 1992
    Last Structure Change Effective Date: December 31, 2002
    Last Structure Change Process Date: January 24, 2003
    Last Data Update: January 24, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1600 Curtis Bridge Road, Wilkesboro, NC 28697
    County: Wilkes
    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
    Core Based Statistical Area (CBSA): North Wilkesboro, NC (#35900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $144.9 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, 2001)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $136,435Total assets
  • $5,794Cash and due from depository institutions
  • $1,713Interest-bearing balances
  • $34,789Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $91,536Net loans & leases
  • $1,103Loan loss allowance
  • $0Trading account assets
  • $2,458Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,858All other assets
  • $136,435Total liabilities and capital
  • $123,813Total liabilities
  • $112,018Total deposits
  • $103,262Interest-bearing deposits
  • $112,018Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,650Other borrowed funds
  • $0Subordinated debt
  • $1,132All other liabilities
  • $12,622Total equity capital
  • $12,622Total bank equity capital
  • $12,622Perpetual preferred stock
  • $0Common stock
  • $1,875Surplus
  • $4,495Undivided profits
  • Memoranda
  • $6,252Noncurrent loans and leases
  • $16,164Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $485Earning assets
  • $0Long-term assets (5+ years)
  • $1,022Average Assets, year-to-date
  • $128,038Average Assets, quarterly
  • $10,062Volatile liabilities
  • $124,236Insider loans
  • $130,740FHLB advances
  • $32,443Loans and leases held for sale
  • $1,273Unused loan commitments
  • $10,650Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,164Total unused commitments
  • $0Restructured Loans and leases
  • $1,103Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $9,099Total interest income
  • $4,750Total interest expense
  • $4,349Net interest income
  • $200Provision for loan and lease losses
  • $438Total noninterest income
  • $0Fiduciary activities
  • $275Service charges on deposit accounts
  • $0Trading account gains & fees
  • $163Additional noninterest income
  • $3,313Total noninterest expense
  • $1,870Salaries and employee benefits
  • $554Premises and equipment expense
  • $889Additional noninterest expense
  • $1,274Pre-tax net operating income
  • $421Securities gains (losses)
  • $440Applicable income taxes
  • $1,255Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,255Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $350Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.81%Yield on earning assets
  • 4.08%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 10.35%Return on equity (ROE)
  • 9.52%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 57.14%Credit loss provision to net charge-offs
  • 4.21%Efficiency ratio
  • 69,208Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.97%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 227.42%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 81.72%Net loans and leases to core deposits
  • 108.19%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 12.26%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $124,236Average earning assets
  • $12,130Average equity
  • $116,534Average loans

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