Peoples Bank in Newton, North Carolina (NC)
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| Peoples Bank | |
|---|---|
| General | FDIC Certificate #: 5956 Status: Active Federal Reserve ID: 220527 Bank Holding Company (Regulatory Top Holder): Peoples Bancorp Of North Carolina, Inc. (RSSDID: 2818245, Location: Newton, NC) Date Established: January 01, 1912 WWW: http://www.peoplesbanknc.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 24 (Domestic: 24, Interstate: No) OTS Docket #: 12325 FDIC's unique #: 4040 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: January 01, 1934 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: 518 West C Street, Newton, NC 28658 County: Catawba 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: $1,064.6 mil Equity capital: $105.3 mil Deposits held in domestic offices: $842.9 mil Return on assets (ROA): 0.51% ($5.4 mil) Quarterly return on assets: 0.72% ($7.7 mil) Return on Equity (ROE): 5.33% ($5.6 mil) Quarterly return on equity: 7.40% ($7.8 mil) Net income: $5.4 mil Quarterly Net income: $1.9 mil Pretax return on assets: 0.65% ($6,920.1 mil) Quarterly Pretax return on assets: 0.99% ($10,539.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 277 |
| Total assets | $1,064,635 |
| Cash and due from depository institutions | $29,236 |
| Interest-bearing balances | $6,728 |
| Securities | $319,868 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $659,039 |
| Loan loss allowance | $16,604 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $16,896 |
| Other real estate owned | $7,576 |
| Goodwill and other intangibles | $0 |
| All other assets | $32,020 |
| Life insurance assets | $1,064,635 |
| Total liabilities and capital | $959,297 |
| Total liabilities | $842,939 |
| Total deposits | $705,223 |
| Interest-bearing deposits | $842,939 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 39600.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $70,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $6,758 |
| All other liabilities | $105,338 |
| Total equity capital | $105,338 |
| Total bank equity capital | $105,338 |
| Perpetual preferred stock | $0 |
| Common stock | $14,632 |
| Surplus | $38,608 |
| Undivided profits | $52,098 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $5,146 |
| Income earned, not collected on loans | $24,493 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $4,181 |
| Average Assets, year-to-date | $985,635 |
| Average Assets, quarterly | $307,586 |
| Volatile liabilities | $1,071,286 |
| Insider loans | $1,075,848 |
| FHLB advances | $743,286 |
| Loans and leases held for sale | $1,083,207 |
| Unused loan commitments | $12,835 |
| Tier 1 (core) risk-based capital | $12,835 |
| Tier 2 risk-based capital | $102,264 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $131,565 |
| Derivatives | $10,758 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $45,185 |
| Total interest expense | $10,691 |
| Net interest income | $34,494 |
| Provision for loan and lease losses | $12,632 |
| Total noninterest income | $9,875 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $5,106 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,769 |
| Total noninterest expense | $29,213 |
| Salaries and employee benefits | $14,713 |
| Premises and equipment expense | $5,339 |
| Additional noninterest expense | $9,161 |
| Pre-tax net operating income | $2,524 |
| Securities gains (losses) | $4,406 |
| Applicable income taxes | $1,519 |
| Income before extraordinary items | $5,411 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $5,411 |
| Net charge-offs | $0 |
| Cash dividends | $5,411 |
| Sale, conversion, retirement of capital stock, net | $11,521 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.55% |
| Cost of funding earning assets | 1.08% |
| Net interest margin | 3.47% |
| Noninterest income to earning assets | 0.99% |
| Noninterest expense to earning assets | 2.94% |
| Net operating income to assets | 0.18% |
| Return on assets (ROA) | 0.51% |
| Pretax return on assets | 0.65% |
| Return on equity (ROE) | 5.33% |
| Retained earnings to average equity (YTD only) | 5.33% |
| Net charge-offs to loans | 1.65% |
| Credit loss provision to net charge-offs | 109.64% |
| Efficiency ratio | 1.32% |
| Assets per employee | $65,841 |
| Cash dividends to net income (YTD only) | 3.84% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.46% |
| Noncurrent assets plus other real estate owned to assets | 67.79% |
| Noncurrent loans to loans | 3.01% |
| Net loans and leases to deposits | 3.63% |
| Net loans and leases to core deposits | 78.18% |
| Equity capital to assets | 94.18% |
| Core capital (leverage) ratio | 9.89% |
| Tier 1 risk-based capital ratio | 9.44% |
| Total risk-based capital ratio | 13.76% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $1,071,286 |
| Average equity | $101,465 |
| Average loans | $993,294 |
| 24 North Carolina Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4040 | Peoples Bank | 518 West C Street, Newton, NC 28658 | January 01, 1912 | Full Service Brick and Mortar |  |
| 1 | 208535 | North Newton Branch | 2619 North Main Avenue, Newton, NC 28658 | April 30, 1964 | Limited Service Facility |  |
| 2 | 208536 | Maiden Branch | 200 Island Ford Road, Maiden, NC 28650 | August 05, 1985 | Full Service Brick and Mortar | |
| 3 | 208537 | Catawba Branch | 106 North Main Street, Catawba, NC 28609 | October 06, 1986 | Full Service Brick and Mortar | |
| 4 | 208538 | Springs Road | 3310 Springs Road Ne, Hickory, NC 28601 | June 20, 1988 | Full Service Brick and Mortar | |
| 5 | 208539 | Hiddenite Branch | 5153 Nc Highway 90 E, Hiddenite, NC 28636 | December 12, 1988 | Full Service Brick and Mortar | |
| 6 | 208540 | Conover Branch | 213 First Street West, Conover, NC 28613 | October 18, 1993 | Full Service Brick and Mortar | |
| 7 | 205316 | Claremont Branch | 3261 East Main Street, Claremont, NC 28610 | May 18, 1956 | Full Service Brick and Mortar | |
| 9 | 208541 | Denver Branch | 6125 Highway 16 South, Denver, NC 28037 | August 04, 1997 | Full Service Brick and Mortar | |
| 10 | 208542 | Hickory Viewmont Branch | 1333 2nd Street Ne, Hickory, NC 28601 | Febuary 23, 1998 | Full Service Brick and Mortar | |
| 11 | 208543 | Triangle Crossing Branch | 142 South Highway 16, Denver, NC 28037 | December 15, 1997 | Full Service Brick and Mortar | |
| 12 | 359696 | Lincolnton Branch | 1910 E Main Street, Lincolnton, NC 28092 | Febuary 01, 2001 | Full Service Brick and Mortar | |
| 13 | 359700 | Newton Branch | 420 West A Street, Newton, NC 28658 | March 27, 2001 | Full Service Brick and Mortar | |
| 14 | 364776 | Abernethy Center Branch | 102 Leonard Ave, Newton, NC 28658 | April 23, 2002 | Limited Service Mobile | |
| 15 | 419769 | West Lincoln Branch | 760 Hwy 27 W, Lincolnton, NC 28092 | September 30, 2002 | Full Service Brick and Mortar | |
| 16 | 419770 | Catawba Valley Blvd Branch | 2050 Catawba Valley Blvd Se, Hickory, NC 28602 | December 02, 2002 | Full Service Brick and Mortar | |
| 17 | 432097 | Banco De Le Gente | 6300 South Boulevard, Charlotte, NC 28217 | August 05, 2004 | Full Service Brick and Mortar | |
| 18 | 439384 | Banco De La Gente-Central Avenue Bra | 4451-A Central Avenue, Charlotte, NC 28205 | March 18, 2005 | Full Service Retail | |
| 19 | 452046 | Banco De La Gente - Monroe Branch | 501 West Roosevelt Boulevard, Monroe, NC 28110 | June 19, 2006 | Full Service Brick and Mortar | |
| 20 | 464959 | Cornelius Branch | 9624 Bailey Road, Cornelius, NC 28031 | May 11, 2007 | Full Service Brick and Mortar | |
| 21 | 470787 | Mooresville Branch | 1074 River Highway, Mooresville, NC 28117 | January 02, 2008 | Full Service Brick and Mortar | |
| 22 | 470788 | Banco De La Gente - Raleigh | 4011 Capital Boulevard, Suite 121, Raleigh, NC 27604 | December 28, 2007 | Full Service Brick and Mortar | |
| 23 | 481913 | Banco De La Gente Adminstrative Offi | 800 East Arrowood Road, Charlotte, NC 28217 | May 14, 2007 | Full Service Brick and Mortar | |
| 24 | 495729 | The Gateway Branch | 125-E Street Court, Mooresville, NC 28117 | September 01, 2009 | Full Service Brick and Mortar | |
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