Port City Capital Bank in Wilmington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 16, 2007

  • Port City Capital Bank in Wilmington, North Carolina (NC)
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Port City Capital Bank - Overview

  • General
  • FDIC Certificate #: 57350
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crescent State Bank (#35006)
    Federal Reserve ID: 3124149
    Date Established: July 01, 2002
    WWW: http://www.portcitycapitalbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 362285
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 2002
    Last Structure Change Effective Date: June 16, 2007
    Last Structure Change Process Date: June 26, 2007
    Last Data Update: June 26, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1508 Military Cutoff Road, Suite 100, Wilmington, NC 28403
    County: New Hanover
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Wilmington, NC (#9200)
    Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
    CBSA Metro Statistical Area: Wilmington, NC (#48900)
  • Financial Summary
  • Total assets: $210.8 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, 2006)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $189,737Total assets
  • $2,204Cash and due from depository institutions
  • $192Interest-bearing balances
  • $15,936Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $138,027Net loans & leases
  • $1,785Loan loss allowance
  • $0Trading account assets
  • $80Bank premises and fixed assets
  • $0Other real estate owned
  • $27,712Goodwill and other intangibles
  • $0Life insurance assets
  • $5,778All other assets
  • $189,737Total liabilities and capital
  • $147,769Total liabilities
  • $146,264Total deposits
  • $134,410Interest-bearing deposits
  • $146,264Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $457Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,048All other liabilities
  • $41,968Total equity capital
  • $41,968Total bank equity capital
  • $41,968Perpetual preferred stock
  • $0Common stock
  • $5,377Surplus
  • $34,142Undivided profits
  • Memoranda
  • $2,449Noncurrent loans and leases
  • $29,660Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $767Average Assets, year-to-date
  • $154,155Average Assets, quarterly
  • $15,463Volatile liabilities
  • $171,485Insider loans
  • $190,474FHLB advances
  • $95,683Loans and leases held for sale
  • $15,357Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,660Total unused commitments
  • $0Restructured Loans and leases
  • $1,785Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $12,220Total interest income
  • $5,419Total interest expense
  • $6,801Net interest income
  • $247Provision for loan and lease losses
  • $107Total noninterest income
  • $0Fiduciary activities
  • $54Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $4,665Total noninterest expense
  • $3,496Salaries and employee benefits
  • $185Premises and equipment expense
  • $984Additional noninterest expense
  • $1,996Pre-tax net operating income
  • $0Securities gains (losses)
  • $846Applicable income taxes
  • $1,150Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,150Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.05%Yield on earning assets
  • 3.57%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 4.71%Return on equity (ROE)
  • 4.71%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,995Assets per employee
  • 9.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 94.37%Net loans and leases to core deposits
  • 270.44%Equity capital to assets
  • 22.12%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 9.50%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $171,485Average earning assets
  • $24,424Average equity
  • $151,814Average loans

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