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- Banks in North Carolina (NC)
- Old Stone Bank of North Carolina, A FSB
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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- Banks in North Carolina (NC)
- Old Stone Bank of North Carolina, A FSB
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