Security Capital Bank in Salisbury, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 1995

  • Security Capital Bank in Salisbury, North Carolina (NC)
  • Show street view No street view available for this location

Security Capital Bank - Overview

  • General
  • FDIC Certificate #: 9859
    Status: Inactive
    Closing history: Participated in Reorganization
    Acquiring institution: Central Carolina Bank and Trust Company (#2033)
    Federal Reserve ID: 240123
    Date Established: January 01, 1915
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 42 (Interstate: No)
    FDIC's unique #: 6305
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 20, 1995
    Last Structure Change Process Date: June 16, 1995
    Last Data Update: June 16, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 215-217 South Main Street, Salisbury, NC 28144
    County: Rowan
    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
    Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Salisbury, NC (#41580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Participated in Absorption/Consolidation/Merger
    Participated in Reorganization
  • Financial Summary
  • Total assets: $684.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $386Total assets
  • $666,131Cash and due from depository institutions
  • $27,075Interest-bearing balances
  • $543Securities
  • $300,721Federal funds sold & reverse repurchase agreements
  • $6,948Net loans & leases
  • $283,561Loan loss allowance
  • $4,907Trading account assets
  • $0Bank premises and fixed assets
  • $16,209Other real estate owned
  • $1,500Goodwill and other intangibles
  • $14,478Life insurance assets
  • $15,639All other assets
  • $0Total liabilities and capital
  • $666,131Total liabilities
  • $601,181Total deposits
  • $584,992Interest-bearing deposits
  • $523,332Deposits held in domestic offices
  • 584992.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $306Trading liabilities
  • $0Other borrowed funds
  • $9,446Subordinated debt
  • $0All other liabilities
  • $6,437Total equity capital
  • $6,437Total bank equity capital
  • $64,950Perpetual preferred stock
  • $0Common stock
  • $20,787Surplus
  • $23,900Undivided profits
  • Memoranda
  • $20,263Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,889Income earned, not collected on loans
  • $2,316Earning assets
  • $591,773Long-term assets (5+ years)
  • $135,357Average Assets, year-to-date
  • $500,546Average Assets, quarterly
  • $665,575Volatile liabilities
  • $39,870Insider loans
  • $710FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $59,131Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $53,566Total risk weighted assets
  • $267,405Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $29,948Total interest expense
  • $10,689Net interest income
  • $19,259Provision for loan and lease losses
  • $139Total noninterest income
  • $9,267Fiduciary activities
  • $343Service charges on deposit accounts
  • $3,269Trading account gains & fees
  • $0Additional noninterest income
  • $5,655Total noninterest expense
  • $19,989Salaries and employee benefits
  • $10,141Premises and equipment expense
  • $2,761Additional noninterest expense
  • $7,087Pre-tax net operating income
  • $8,398Securities gains (losses)
  • -$21Applicable income taxes
  • $2,573Income before extraordinary items
  • $5,804Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,804Net charge-offs
  • $57Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.68%Cost of funding earning assets
  • 2.38%Net interest margin
  • 4.29%Noninterest income to earning assets
  • 2.07%Noninterest expense to earning assets
  • 4.46%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 1.67%Return on equity (ROE)
  • 10.31%Retained earnings to average equity (YTD only)
  • 10.31%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 243.86%Efficiency ratio
  • 69,007Assets per employee
  • 1.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 259.77%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 48.47%Net loans and leases to core deposits
  • 51.99%Equity capital to assets
  • 9.75%Core capital (leverage) ratio
  • 8.22%Tier 1 risk-based capital ratio
  • 20.03%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $500,546Average earning assets
  • $56,295Average equity
  • $448,577Average loans

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