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

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 Pisgah Community 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