Nuestro Banco in Raleigh, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2010

  • Nuestro Banco in Raleigh, North Carolina (NC)
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Nuestro Banco - Overview

  • General
  • FDIC Certificate #: 58550
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Four Oaks Bank & Trust Company (#11506)
    Federal Reserve ID: 3610576
    Date Established: September 17, 2007
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 456046
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 17, 2007
    Last Structure Change Effective Date: January 01, 2010
    Last Structure Change Process Date: March 10, 2010
    Last Data Update: March 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1408 Garner Station Boulevard, Raleigh, NC 27603
    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)
  • Financial Summary
  • Total assets: $15.5 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, 2009)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $15,461Total assets
  • $2,006Cash and due from depository institutions
  • $408Interest-bearing balances
  • $0Securities
  • $5,048Federal funds sold & reverse repurchase agreements
  • $7,242Net loans & leases
  • $804Loan loss allowance
  • $0Trading account assets
  • $1,040Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $125All other assets
  • $15,460Total liabilities and capital
  • $8,323Total liabilities
  • $8,272Total deposits
  • $7,540Interest-bearing deposits
  • $8,272Deposits held in domestic offices
  • 100.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $51All other liabilities
  • $7,137Total equity capital
  • $7,137Total bank equity capital
  • $7,137Perpetual preferred stock
  • $0Common stock
  • $2,648Surplus
  • $10,403Undivided profits
  • Memoranda
  • $-5,914Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10Earning assets
  • $0Long-term assets (5+ years)
  • $52Average Assets, year-to-date
  • $12,698Average Assets, quarterly
  • $3,371Volatile liabilities
  • $16,678Insider loans
  • $16,045FHLB advances
  • $4,852Loans and leases held for sale
  • $786Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $107Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $874Total interest income
  • $152Total interest expense
  • $722Net interest income
  • $738Provision for loan and lease losses
  • $114Total noninterest income
  • $0Fiduciary activities
  • $50Service charges on deposit accounts
  • $0Trading account gains & fees
  • $64Additional noninterest income
  • $1,968Total noninterest expense
  • $672Salaries and employee benefits
  • $411Premises and equipment expense
  • $885Additional noninterest expense
  • -$1,870Pre-tax net operating income
  • $76Securities gains (losses)
  • $0Applicable income taxes
  • -$1,794Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,794Net income attributable to bank
  • $0Net charge-offs
  • -$1,794Cash dividends
  • $531Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.00%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.96%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 13.52%Noninterest expense to earning assets
  • -11.21%Net operating income to assets
  • -10.76%Return on assets (ROA)
  • -10.76%Pretax return on assets
  • -21.55%Return on equity (ROE)
  • -21.55%Retained earnings to average equity (YTD only)
  • 5.76%Net charge-offs to loans
  • 138.98%Credit loss provision to net charge-offs
  • -2.13%Efficiency ratio
  • 235,407Assets per employee
  • 2.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 9.99%Loss allowance to noncurrent loans
  • 8040.00%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 87.55%Net loans and leases to core deposits
  • 211.75%Equity capital to assets
  • 46.16%Core capital (leverage) ratio
  • 42.84%Tier 1 risk-based capital ratio
  • 89.62%Total risk-based capital ratio
  • Memoranda
  • $91Average assets
  • $16,678Average earning assets
  • $8,326Average equity
  • $14,559Average loans

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