Pisgah Community Bank in Asheville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pisgah Community Bank - Overview

  • General
  • FDIC Certificate #: 58701
    Status: Active
    Federal Reserve ID: 3640854
    Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
    Date Established: May 15, 2008
    WWW: http://www.pisgahcommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 463203
    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: May 15, 2008
    Last Structure Change Effective Date: September 21, 2009
    Last Structure Change Process Date: September 23, 2009
    Last Data Update: September 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 890 Hendersonville Road, Asheville, NC 28803
    County: Buncombe
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Asheville, NC (#480)
    Combined Statistical Area (CSA): Asheville-Brevard, NC (#120)
    Core Based Statistical Area (CBSA): Asheville, NC (#11700)
    CBSA Metro Statistical Area: Asheville, NC (#11700)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $28.1 mil
    Equity capital: $0.6 mil
    Deposits held in domestic offices: $27.4 mil
    Return on assets (ROA): -9.02% (-$2.5 mil)
    Quarterly return on assets: -5.89% (-$1.6 mil)
    Return on Equity (ROE): -477.37% (-$4.8 mil)
    Quarterly return on equity: -284.30% (-$2.8 mil)
    Net income: -$3.0 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -9.02% (-$2,536.4 mil)
    Quarterly Pretax return on assets: -5.89% (-$1,656.3 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
  • 7Total employees (full-time equivalent)
  • $28,120Total assets
  • $7,026Cash and due from depository institutions
  • $6,790Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,828Net loans & leases
  • $1,925Loan loss allowance
  • $0Trading account assets
  • $545Bank premises and fixed assets
  • $2,093Other real estate owned
  • $0Goodwill and other intangibles
  • $28,120Life insurance assets
  • $628All other assets
  • $27,505Total liabilities and capital
  • $27,437Total liabilities
  • $26,155Total deposits
  • $27,437Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $68Subordinated debt
  • $615All other liabilities
  • $615Total equity capital
  • $615Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $16,233Surplus
  • $-15,693Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,716Income earned, not collected on loans
  • $0Earning assets
  • $77Long-term assets (5+ years)
  • $24,618Average Assets, year-to-date
  • $1,558Average Assets, quarterly
  • $33,670Volatile liabilities
  • $29,223Insider loans
  • $20,987FHLB advances
  • $29,486Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $615Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $777Restructured Loans and leases
  • $289Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,136Total interest income
  • $475Total interest expense
  • $661Net interest income
  • $990Provision for loan and lease losses
  • -$592Total noninterest income
  • $0Fiduciary activities
  • $31Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$623Additional noninterest income
  • $2,116Total noninterest expense
  • $480Salaries and employee benefits
  • $316Premises and equipment expense
  • $1,320Additional noninterest expense
  • -$3,037Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$3,037Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,037Net income attributable to bank
  • $0Net charge-offs
  • -$3,037Cash dividends
  • $326Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.76%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 2.19%Net interest margin
  • -1.96%Noninterest income to earning assets
  • 7.00%Noninterest expense to earning assets
  • -9.02%Net operating income to assets
  • -9.02%Return on assets (ROA)
  • -9.02%Pretax return on assets
  • -477.37%Return on equity (ROE)
  • -477.37%Retained earnings to average equity (YTD only)
  • 1.38%Net charge-offs to loans
  • 303.68%Credit loss provision to net charge-offs
  • -6.28%Efficiency ratio
  • 3,066,667Assets per employee
  • 4.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 9.75%Loss allowance to noncurrent loans
  • 51.80%Noncurrent assets plus other real estate owned to assets
  • 20.66%Noncurrent loans to loans
  • 18.81%Net loans and leases to deposits
  • 64.98%Net loans and leases to core deposits
  • 68.08%Equity capital to assets
  • 2.19%Core capital (leverage) ratio
  • 2.09%Tier 1 risk-based capital ratio
  • 2.93%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $33,670Average earning assets
  • $636Average equity
  • $30,208Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463203Pisgah Community Bank890 Hendersonville Road, Asheville, NC 28803May 15, 2008Full Service Brick and Mortar

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