Old North State Bank in Winston-Salem, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 12, 1997

  • Old North State Bank in Winston-Salem, North Carolina (NC)
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Old North State Bank - Overview

  • General
  • FDIC Certificate #: 27558
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NewBridge Bank (#16799)
    Federal Reserve ID: 1404472
    Date Established: August 14, 1989
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Interstate: No)
    OTS Docket #: 10495
    FDIC's unique #: 40340
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 14, 1989
    Last Structure Change Effective Date: August 12, 1997
    Last Structure Change Process Date: September 30, 1997
    Last Data Update: September 30, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 161 South Stratford Road, Winston-Salem, NC 27104
    County: Forsyth
    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): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Winston-Salem, NC (#49180)
    CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
  • Financial Summary
  • Total assets: $136.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $59Total assets
  • $130,475Cash and due from depository institutions
  • $4,564Interest-bearing balances
  • $155Securities
  • $37,485Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $82,229Loan loss allowance
  • $1,000Trading account assets
  • $0Bank premises and fixed assets
  • $2,424Other real estate owned
  • $0Goodwill and other intangibles
  • $2,528Life insurance assets
  • $1,245All other assets
  • $0Total liabilities and capital
  • $130,475Total liabilities
  • $119,299Total deposits
  • $110,339Interest-bearing deposits
  • $91,951Deposits held in domestic offices
  • 110339.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $2,825Trading liabilities
  • $0Other borrowed funds
  • $4,908Subordinated debt
  • $0All other liabilities
  • $1,227Total equity capital
  • $1,227Total bank equity capital
  • $11,176Perpetual preferred stock
  • $0Common stock
  • $7,905Surplus
  • $2,850Undivided profits
  • Memoranda
  • $421Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $398Income earned, not collected on loans
  • $520Earning assets
  • $119,869Long-term assets (5+ years)
  • $14,523Average Assets, year-to-date
  • $125,579Average Assets, quarterly
  • $129,486Volatile liabilities
  • $18,066Insider loans
  • $2,687FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $17,114Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,040Total risk weighted assets
  • $90,937Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,887Total interest expense
  • $4,382Net interest income
  • $5,505Provision for loan and lease losses
  • $243Total noninterest income
  • $699Fiduciary activities
  • $0Service charges on deposit accounts
  • $486Trading account gains & fees
  • $0Additional noninterest income
  • $213Total noninterest expense
  • $4,519Salaries and employee benefits
  • $2,449Premises and equipment expense
  • $760Additional noninterest expense
  • $1,310Pre-tax net operating income
  • $1,442Securities gains (losses)
  • -$37Applicable income taxes
  • $379Income before extraordinary items
  • $1,026Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,026Net charge-offs
  • $224Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $48Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.65%Cost of funding earning assets
  • 3.83%Net interest margin
  • 4.81%Noninterest income to earning assets
  • 0.61%Noninterest expense to earning assets
  • 3.95%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 1.12%Return on equity (ROE)
  • 9.69%Retained earnings to average equity (YTD only)
  • 9.69%Net charge-offs to loans
  • 0.29%Credit loss provision to net charge-offs
  • 108.48%Efficiency ratio
  • 70,938Assets per employee
  • 2.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 251.26%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 74.52%Net loans and leases to core deposits
  • 86.30%Equity capital to assets
  • 8.57%Core capital (leverage) ratio
  • 7.81%Tier 1 risk-based capital ratio
  • 11.04%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $125,579Average earning assets
  • $10,585Average equity
  • $114,344Average loans

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