Parkway Bank in Lenoir, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Parkway Bank in Lenoir, North Carolina (NC)
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Parkway Bank - Overview

  • General
  • FDIC Certificate #: 57158
    Status: Active
    Federal Reserve ID: 3044500
    Date Established: August 13, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 358679
    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: August 13, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 509 Wilkesboro Boulevard, N.E., Lenoir, NC 28645
    County: Caldwell
    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): Hickory-Morganton-Lenoir, NC (#3290)
    Core Based Statistical Area (CBSA): Hickory-Lenoir-Morganton, NC (#25860)
    CBSA Metro Statistical Area: Hickory-Lenoir-Morganton, NC (#25860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $113.7 mil
    Equity capital: $3.4 mil
    Deposits held in domestic offices: $107.0 mil
    Return on assets (ROA): -1.82% (-$2.1 mil)
    Quarterly return on assets: -1.50% (-$1.7 mil)
    Return on Equity (ROE): -49.73% (-$1.5 mil)
    Quarterly return on equity: -47.88% (-$1.4 mil)
    Net income: -$2.1 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -1.82% (-$2,068.6 mil)
    Quarterly Pretax return on assets: -1.50% (-$1,704.9 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
  • 44Total employees (full-time equivalent)
  • $113,658Total assets
  • $15,264Cash and due from depository institutions
  • $11,195Interest-bearing balances
  • $13,681Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $72,478Net loans & leases
  • $2,488Loan loss allowance
  • $0Trading account assets
  • $3,356Bank premises and fixed assets
  • $3,523Other real estate owned
  • $0Goodwill and other intangibles
  • $113,658Life insurance assets
  • $5,356All other assets
  • $110,289Total liabilities and capital
  • $107,003Total liabilities
  • $96,237Total deposits
  • $107,003Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $286Subordinated debt
  • $3,369All other liabilities
  • $3,369Total equity capital
  • $3,369Total bank equity capital
  • $0Perpetual preferred stock
  • $6,985Common stock
  • $6,740Surplus
  • $-10,356Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,062Income earned, not collected on loans
  • $0Earning assets
  • $383Long-term assets (5+ years)
  • $97,354Average Assets, year-to-date
  • $19,044Average Assets, quarterly
  • $116,203Volatile liabilities
  • $114,748Insider loans
  • $82,077FHLB advances
  • $115,598Loans and leases held for sale
  • $3,848Unused loan commitments
  • $3,848Tier 1 (core) risk-based capital
  • $3,073Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,052Restructured Loans and leases
  • $2,425Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,792Total interest income
  • $1,388Total interest expense
  • $3,404Net interest income
  • $1,382Provision for loan and lease losses
  • $939Total noninterest income
  • $0Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • $721Additional noninterest income
  • $5,089Total noninterest expense
  • $2,558Salaries and employee benefits
  • $353Premises and equipment expense
  • $2,178Additional noninterest expense
  • -$2,128Pre-tax net operating income
  • $11Securities gains (losses)
  • $0Applicable income taxes
  • -$2,117Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,117Net income attributable to bank
  • $0Net charge-offs
  • -$2,117Cash dividends
  • $2,952Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 5.01%Noninterest expense to earning assets
  • -1.83%Net operating income to assets
  • -1.82%Return on assets (ROA)
  • -1.82%Pretax return on assets
  • -49.73%Return on equity (ROE)
  • -49.73%Retained earnings to average equity (YTD only)
  • 3.65%Net charge-offs to loans
  • 46.82%Credit loss provision to net charge-offs
  • -0.25%Efficiency ratio
  • 117,177Assets per employee
  • 2.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.32%Loss allowance to noncurrent loans
  • 41.04%Noncurrent assets plus other real estate owned to assets
  • 8.43%Noncurrent loans to loans
  • 8.09%Net loans and leases to deposits
  • 67.73%Net loans and leases to core deposits
  • 73.05%Equity capital to assets
  • 2.96%Core capital (leverage) ratio
  • 2.66%Tier 1 risk-based capital ratio
  • 3.74%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $116,203Average earning assets
  • $4,257Average equity
  • $101,498Average loans

List of branches

  • 3 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0358679Parkway Bank509 Wilkesboro Boulevard, N.E., Lenoir, NC 28645August 13, 2001Full Service Brick and Mortar
    1429537Hudson Branch596 Central Street, Hudson, NC 28638Febuary 17, 2004Full Service Brick and Mortar
    2475442Granite Falls Branch45 Falls Avenue, Granite Falls, NC 28630May 02, 2008Full Service Brick and Mortar

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