OldTown Bank in Waynesville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


OldTown Bank - Overview

  • General
  • FDIC Certificate #: 58561
    Status: Active
    Federal Reserve ID: 3620913
    Date Established: September 10, 2007
    WWW: http://www.oldtownbanking.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 456500
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 10, 2007
    Last Structure Change Effective Date: Febuary 23, 2009
    Last Structure Change Process Date: March 09, 2009
    Last Data Update: March 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2045 South Main Street, Waynesville, NC 28786
    County: Haywood
    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
    Combined Statistical Area (CSA): Asheville-Brevard, NC (#120)
    Core Based Statistical Area (CBSA): Asheville, NC (#11700)
    CBSA Metro Statistical Area: Asheville, NC (#11700)
  • Financial Summary
  • Total assets: $86.6 mil
    Equity capital: $9.3 mil
    Deposits held in domestic offices: $69.0 mil
    Return on assets (ROA): -0.69% (-$0.6 mil)
    Quarterly return on assets: 0.14% ($0.1 mil)
    Return on Equity (ROE): -6.56% (-$0.6 mil)
    Quarterly return on equity: 1.28% ($0.1 mil)
    Net income: -$0.6 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.69% (-$597.7 mil)
    Quarterly Pretax return on assets: 0.14% ($121.3 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, 2011)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $86,618Total assets
  • $3,923Cash and due from depository institutions
  • $1,489Interest-bearing balances
  • $32,178Securities
  • $3,979Federal funds sold & reverse repurchase agreements
  • $43,089Net loans & leases
  • $1,443Loan loss allowance
  • $0Trading account assets
  • $1,465Bank premises and fixed assets
  • $866Other real estate owned
  • $0Goodwill and other intangibles
  • $86,617Life insurance assets
  • $1,118All other assets
  • $77,352Total liabilities and capital
  • $69,042Total liabilities
  • $67,454Total deposits
  • $69,042Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,150Trading liabilities
  • $0Other borrowed funds
  • $160Subordinated debt
  • $9,265All other liabilities
  • $9,265Total equity capital
  • $9,265Total bank equity capital
  • $0Perpetual preferred stock
  • $5,760Common stock
  • $6,455Surplus
  • $-2,950Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,626Income earned, not collected on loans
  • $0Earning assets
  • $411Long-term assets (5+ years)
  • $80,735Average Assets, year-to-date
  • $38,620Average Assets, quarterly
  • $86,913Volatile liabilities
  • $87,984Insider loans
  • $50,641FHLB advances
  • $88,163Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,438Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,259Restructured Loans and leases
  • $1,190Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,640Total interest income
  • $1,087Total interest expense
  • $2,553Net interest income
  • $1,108Provision for loan and lease losses
  • $92Total noninterest income
  • $0Fiduciary activities
  • $63Service charges on deposit accounts
  • $0Trading account gains & fees
  • $29Additional noninterest income
  • $2,232Total noninterest expense
  • $1,201Salaries and employee benefits
  • $129Premises and equipment expense
  • $902Additional noninterest expense
  • -$695Pre-tax net operating income
  • $98Securities gains (losses)
  • $0Applicable income taxes
  • -$597Income before extraordinary items
  • $0Extraordinary gains - net
  • -$597Net income attributable to bank
  • $0Net charge-offs
  • -$597Cash dividends
  • $706Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.17%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • -0.80%Net operating income to assets
  • -0.69%Return on assets (ROA)
  • -0.69%Pretax return on assets
  • -6.56%Return on equity (ROE)
  • -6.56%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 156.94%Credit loss provision to net charge-offs
  • 0.58%Efficiency ratio
  • 84,386Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.24%Loss allowance to noncurrent loans
  • 88.75%Noncurrent assets plus other real estate owned to assets
  • 2.88%Noncurrent loans to loans
  • 3.65%Net loans and leases to deposits
  • 62.41%Net loans and leases to core deposits
  • 100.62%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 16.66%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $86,913Average earning assets
  • $9,095Average equity
  • $80,586Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0456500Oldtown Bank2045 South Main Street, Waynesville, NC 28786September 10, 2007Full Service Brick and Mortar

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