Perpetual State Bank in Lexington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 30, 1996

  • Perpetual State Bank in Lexington, North Carolina (NC)
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Perpetual State Bank - Overview

  • General
  • FDIC Certificate #: 28189
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Fidelity Bank (#11507)
    Federal Reserve ID: 683270
    Date Established: January 01, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 1094
    FDIC's unique #: 41023
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 08, 1947
    Last Structure Change Effective Date: August 30, 1996
    Last Structure Change Process Date: October 07, 1996
    Last Data Update: October 07, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 West Second Avenue, Lexington, NC 27292
    County: Davidson
    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): Thomasville-Lexington, NC (#45640)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $46.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $45,852Cash and due from depository institutions
  • $3,630Interest-bearing balances
  • $3,158Securities
  • $1,694Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $39,666Loan loss allowance
  • $116Trading account assets
  • $0Bank premises and fixed assets
  • $650Other real estate owned
  • $57Goodwill and other intangibles
  • $155Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $45,852Total liabilities
  • $36,358Total deposits
  • $36,070Interest-bearing deposits
  • $35,691Deposits held in domestic offices
  • 36070.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $288Total equity capital
  • $288Total bank equity capital
  • $9,494Perpetual preferred stock
  • $0Common stock
  • $3,120Surplus
  • $2,685Undivided profits
  • Memoranda
  • $3,689Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10Income earned, not collected on loans
  • $35Earning assets
  • $44,518Long-term assets (5+ years)
  • $23,939Average Assets, year-to-date
  • $43,575Average Assets, quarterly
  • $45,720Volatile liabilities
  • $6,999Insider loans
  • $654FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,040Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,497Total risk weighted assets
  • $24,890Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,554Total interest expense
  • $1,800Net interest income
  • $1,754Provision for loan and lease losses
  • $90Total noninterest income
  • $25Fiduciary activities
  • $0Service charges on deposit accounts
  • $7Trading account gains & fees
  • $0Additional noninterest income
  • $18Total noninterest expense
  • $985Salaries and employee benefits
  • $543Premises and equipment expense
  • $95Additional noninterest expense
  • $347Pre-tax net operating income
  • $704Securities gains (losses)
  • $0Applicable income taxes
  • $474Income before extraordinary items
  • $230Extraordinary gains - net
  • $0Net income attributable to bank
  • $230Net charge-offs
  • $74Cash dividends
  • $91Sale, conversion, retirement of capital stock, net
  • $5,525Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.45%Cost of funding earning assets
  • 4.28%Net interest margin
  • 4.17%Noninterest income to earning assets
  • 0.06%Noninterest expense to earning assets
  • 2.34%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 1.62%Return on equity (ROE)
  • 3.20%Retained earnings to average equity (YTD only)
  • 1.93%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 121.62%Efficiency ratio
  • 55,368Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.57%Loss allowance to loans
  • 0.29%Loss allowance to noncurrent loans
  • 1160.00%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 109.97%Net loans and leases to core deposits
  • 136.45%Equity capital to assets
  • 20.71%Core capital (leverage) ratio
  • 20.85%Tier 1 risk-based capital ratio
  • 38.16%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $43,575Average earning assets
  • $7,186Average equity
  • $42,077Average loans

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