FDIC Certificate #: 28034 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Communityone Bank, National Association (#4879) Federal Reserve ID: 796974 Date Established: January 01, 1906 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 772 FDIC's unique #: 40868 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 25, 1957 Last Structure Change Effective Date: June 26, 2000 Last Structure Change Process Date: July 17, 2000 Last Data Update: July 17, 2000 Data Source Date: April 05, 2012
Location
Address: 115 South Lawrence Street, Rockingham, NC 28379 County: Richmond 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 Core Based Statistical Area (CBSA): Rockingham, NC (#40460) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $124.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
48Total employees (full-time equivalent)
$120,800Total assets
$7,622Cash and due from depository institutions
$3,115Interest-bearing balances
$13,953Securities
$0Federal funds sold & reverse repurchase agreements
$94,953Net loans & leases
$544Loan loss allowance
$0Trading account assets
$2,632Bank premises and fixed assets
$308Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,332All other assets
$120,800Total liabilities and capital
$105,086Total liabilities
$104,129Total deposits
$100,171Interest-bearing deposits
$104,129Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$957All other liabilities
$15,714Total equity capital
$15,714Total bank equity capital
$15,714Perpetual preferred stock
$0Common stock
$8,601Surplus
$0Undivided profits
Memoranda
$7,113Noncurrent loans and leases
$17,757Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$151Earning assets
$0Long-term assets (5+ years)
$394Average Assets, year-to-date
$112,021Average Assets, quarterly
$27,385Volatile liabilities
$119,303Insider loans
$120,619FHLB advances
$14,465Loans and leases held for sale
$309Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,757Total unused commitments
$0Restructured Loans and leases
$544Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$8,742Total interest income
$4,425Total interest expense
$4,317Net interest income
$102Provision for loan and lease losses
$629Total noninterest income
$0Fiduciary activities
$281Service charges on deposit accounts
$0Trading account gains & fees
$348Additional noninterest income
$3,256Total noninterest expense
$1,617Salaries and employee benefits
$402Premises and equipment expense
$1,237Additional noninterest expense
$1,588Pre-tax net operating income
$0Securities gains (losses)
$557Applicable income taxes
$1,031Income before extraordinary items
$0Extraordinary gains - net
$1,031Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$45Sale, conversion, retirement of capital stock, net
$860Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.79%Yield on earning assets
3.94%Cost of funding earning assets
3.85%Net interest margin
0.56%Noninterest income to earning assets
2.90%Noninterest expense to earning assets
0.86%Net operating income to assets
0.86%Return on assets (ROA)
1.33%Pretax return on assets
6.67%Return on equity (ROE)
1.11%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
226.67%Credit loss provision to net charge-offs
37.56%Efficiency ratio
65,831Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.41%Loss allowance to loans
0.57%Loss allowance to noncurrent loans
360.26%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.16%Net loans and leases to deposits
91.19%Net loans and leases to core deposits
105.90%Equity capital to assets
13.01%Core capital (leverage) ratio
12.97%Tier 1 risk-based capital ratio
21.10%Total risk-based capital ratio
Memoranda
$22Average assets
$119,303Average earning assets
$15,468Average equity
$112,179Average loans
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