Old Stone Bank of North Carolina, A FSB in High Point, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 12, 1994

  • Old Stone Bank of North Carolina, A FSB in High Point, North Carolina (NC)
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Old Stone Bank of North Carolina, A FSB - Overview

  • General
  • FDIC Certificate #: 30025
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 831174
    Date Established: January 01, 1932
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4580
    FDIC's unique #: 42859
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 18, 1939
    Last Structure Change Effective Date: Febuary 12, 1994
    Last Structure Change Process Date: Febuary 22, 1994
    Last Data Update: Febuary 22, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 645 N Main Street, High Point, NC 27260
    County: Guilford
    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): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • Financial Summary
  • Total assets: $560.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $172Total assets
  • $560,815Cash and due from depository institutions
  • $55,032Interest-bearing balances
  • $44,688Securities
  • $98,215Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $368,887Loan loss allowance
  • $4,203Trading account assets
  • $0Bank premises and fixed assets
  • $2,378Other real estate owned
  • $618Goodwill and other intangibles
  • $8,205Life insurance assets
  • $27,480All other assets
  • $0Total liabilities and capital
  • $560,815Total liabilities
  • $501,932Total deposits
  • $479,573Interest-bearing deposits
  • $474,463Deposits held in domestic offices
  • 479573.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $18,779Subordinated debt
  • $0All other liabilities
  • $3,580Total equity capital
  • $3,580Total bank equity capital
  • $58,883Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $58,436Undivided profits
  • Memoranda
  • $446Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,925Income earned, not collected on loans
  • $1,768Earning assets
  • $511,790Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $562,545Average Assets, quarterly
  • $555,042Volatile liabilities
  • $69,974Insider loans
  • $574FHLB advances
  • $16,667Loans and leases held for sale
  • $0Unused loan commitments
  • $21,580Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $31,403Total risk weighted assets
  • $290,103Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,088Total interest expense
  • $4,725Net interest income
  • $4,363Provision for loan and lease losses
  • $50Total noninterest income
  • $1,111Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,111Total noninterest expense
  • $3,015Salaries and employee benefits
  • $1,560Premises and equipment expense
  • $382Additional noninterest expense
  • $1,073Pre-tax net operating income
  • $2,409Securities gains (losses)
  • $0Applicable income taxes
  • $1,045Income before extraordinary items
  • $1,364Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,364Net charge-offs
  • $605Cash dividends
  • $3,855Sale, conversion, retirement of capital stock, net
  • $23,437Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 0.88%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 0.21%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 0.43%Return on equity (ROE)
  • 3.25%Retained earnings to average equity (YTD only)
  • -5.94%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 8.26%Efficiency ratio
  • 51,060Assets per employee
  • 3.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 282.62%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 107.08%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 76.92%Net loans and leases to core deposits
  • 86.11%Equity capital to assets
  • 10.50%Core capital (leverage) ratio
  • 5.89%Tier 1 risk-based capital ratio
  • 10.82%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $562,545Average earning assets
  • $41,930Average equity
  • $533,957Average loans

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