Patriot State Bank in Fuquay Varina, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Patriot State Bank in Fuquay Varina, North Carolina (NC)
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Patriot State Bank - Overview

  • General
  • FDIC Certificate #: 58248
    Status: Active
    Federal Reserve ID: 3441033
    Date Established: August 21, 2006
    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 #: 444392
    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 21, 2006
    Last Structure Change Effective Date: May 01, 2007
    Last Structure Change Process Date: June 20, 2007
    Last Data Update: June 20, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 210 North Main Street, Fuquay Varina, NC 27526
    County: Wake
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • Financial Summary
  • Total assets: $135.0 mil
    Equity capital: $15.5 mil
    Deposits held in domestic offices: $119.1 mil
    Return on assets (ROA): -0.57% (-$0.8 mil)
    Quarterly return on assets: 0.37% ($0.5 mil)
    Return on Equity (ROE): -4.82% (-$0.8 mil)
    Quarterly return on equity: 3.22% ($0.5 mil)
    Net income: -$0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.57% (-$769.5 mil)
    Quarterly Pretax return on assets: 0.37% ($499.5 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
  • 29Total employees (full-time equivalent)
  • $135,002Total assets
  • $7,814Cash and due from depository institutions
  • $5,344Interest-bearing balances
  • $17,926Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,297Net loans & leases
  • $1,998Loan loss allowance
  • $0Trading account assets
  • $3,595Bank premises and fixed assets
  • $1,905Other real estate owned
  • $0Goodwill and other intangibles
  • $135,002Life insurance assets
  • $1,465All other assets
  • $119,479Total liabilities and capital
  • $119,055Total liabilities
  • $101,248Total deposits
  • $119,055Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $250Trading liabilities
  • $0Other borrowed funds
  • $174Subordinated debt
  • $15,523All other liabilities
  • $15,523Total equity capital
  • $15,523Total bank equity capital
  • $0Perpetual preferred stock
  • $8,825Common stock
  • $11,357Surplus
  • $-4,659Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,880Income earned, not collected on loans
  • $0Earning assets
  • $487Long-term assets (5+ years)
  • $125,567Average Assets, year-to-date
  • $33,730Average Assets, quarterly
  • $135,055Volatile liabilities
  • $135,092Insider loans
  • $105,127FHLB advances
  • $134,246Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,190Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,843Restructured Loans and leases
  • $4,659Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,903Total interest income
  • $1,861Total interest expense
  • $4,042Net interest income
  • $1,100Provision for loan and lease losses
  • $307Total noninterest income
  • $0Fiduciary activities
  • $75Service charges on deposit accounts
  • $0Trading account gains & fees
  • $232Additional noninterest income
  • $4,050Total noninterest expense
  • $2,154Salaries and employee benefits
  • $532Premises and equipment expense
  • $1,364Additional noninterest expense
  • -$801Pre-tax net operating income
  • $37Securities gains (losses)
  • $0Applicable income taxes
  • -$764Income before extraordinary items
  • $0Extraordinary gains - net
  • -$764Net income attributable to bank
  • $0Net charge-offs
  • -$764Cash dividends
  • $804Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • -0.59%Net operating income to assets
  • -0.57%Return on assets (ROA)
  • -0.57%Pretax return on assets
  • -4.82%Return on equity (ROE)
  • -4.82%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 136.82%Credit loss provision to net charge-offs
  • 0.37%Efficiency ratio
  • 93,125Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 106.28%Noncurrent assets plus other real estate owned to assets
  • 2.80%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 85.92%Net loans and leases to core deposits
  • 100.02%Equity capital to assets
  • 11.50%Core capital (leverage) ratio
  • 11.32%Tier 1 risk-based capital ratio
  • 14.45%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $135,055Average earning assets
  • $15,850Average equity
  • $126,602Average loans

List of branches

  • 3 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444392Patriot State Bank210 North Main Street, Fuquay Varina, NC 27526August 21, 2006Full Service Brick and Mortar
    1474204Clayton Branch490 Highway 42 W, Clayton, NC 27520April 15, 2008Full Service Brick and Mortar
    3509268Clinton Main Branch1008 Sunset Avenue, Clinton, NC 28329June 01, 2010Full Service Brick and Mortar

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