Piedmont Bank in Statesville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2002

  • Piedmont Bank in Statesville, North Carolina (NC)
  • Show street view No street view available for this location

Piedmont Bank - Overview

  • General
  • FDIC Certificate #: 34437
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Yadkin Valley Bank and Trust Company (#19861)
    Federal Reserve ID: 2588089
    Date Established: July 01, 1997
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 57201
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1997
    Last Structure Change Effective Date: July 31, 2002
    Last Structure Change Process Date: October 30, 2002
    Last Data Update: October 30, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 325 East Front Street, Statesville, NC 28677
    County: Iredell
    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): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Statesville-Mooresville, NC (#44380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $244.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $237,080Total assets
  • $8,690Cash and due from depository institutions
  • $1,960Interest-bearing balances
  • $54,810Securities
  • $6,021Federal funds sold & reverse repurchase agreements
  • $156,094Net loans & leases
  • $1,991Loan loss allowance
  • $0Trading account assets
  • $6,667Bank premises and fixed assets
  • $1,312Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,486All other assets
  • $237,080Total liabilities and capital
  • $222,494Total liabilities
  • $212,484Total deposits
  • $186,557Interest-bearing deposits
  • $212,484Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,925Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $1,085All other liabilities
  • $14,586Total equity capital
  • $14,586Total bank equity capital
  • $14,586Perpetual preferred stock
  • $0Common stock
  • $6,829Surplus
  • $7,526Undivided profits
  • Memoranda
  • $231Noncurrent loans and leases
  • $34,377Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $175Earning assets
  • $0Long-term assets (5+ years)
  • $1,202Average Assets, year-to-date
  • $218,885Average Assets, quarterly
  • $41,650Volatile liabilities
  • $195,898Insider loans
  • $228,879FHLB advances
  • $30,058Loans and leases held for sale
  • $6,340Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $34,377Total unused commitments
  • $0Restructured Loans and leases
  • $1,996Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $13,581Total interest income
  • $7,806Total interest expense
  • $5,775Net interest income
  • $1,083Provision for loan and lease losses
  • $1,711Total noninterest income
  • $0Fiduciary activities
  • $406Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,305Additional noninterest income
  • $5,573Total noninterest expense
  • $3,053Salaries and employee benefits
  • $875Premises and equipment expense
  • $1,645Additional noninterest expense
  • $830Pre-tax net operating income
  • $336Securities gains (losses)
  • $383Applicable income taxes
  • $783Income before extraordinary items
  • $0Extraordinary gains - net
  • $783Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $530Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.45%Yield on earning assets
  • 4.28%Cost of funding earning assets
  • 3.17%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 5.50%Return on equity (ROE)
  • 5.50%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 204.34%Credit loss provision to net charge-offs
  • 3.61%Efficiency ratio
  • 74,446Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 1137.71%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 73.46%Net loans and leases to core deposits
  • 81.57%Equity capital to assets
  • 6.15%Core capital (leverage) ratio
  • 6.26%Tier 1 risk-based capital ratio
  • 7.89%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $195,898Average earning assets
  • $14,226Average equity
  • $182,310Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Piedmont Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents