Select Bank & Trust Company in Greenville, North Carolina (NC)

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Select Bank & Trust Company
GeneralFDIC Certificate #: 57783
Status: Active
Federal Reserve ID: 3281293
Bank Holding Company (Regulatory Top Holder): Select Bancorp, Inc. (RSSDID: 3665772, Location: Greenville, NC)
Date Established: August 03, 2004
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 4, Interstate: No)
FDIC's unique #: 424603
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: August 03, 2004
Last Structure Change Effective Date: January 14, 2012
Last Structure Change Process Date: January 20, 2012
Last Data Update: January 20, 2012
Data Source Date: April 05, 2012
LocationAddress: 3600 Charles Boulevard, Greenville, NC 27858
County: Pitt
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): Greenville, NC (#3150)
Core Based Statistical Area (CBSA): Greenville, NC (#24780)
CBSA Metro Statistical Area: Greenville, NC (#24780)
History of ChangesOffice Purchased
Financial SummaryTotal assets: $215.0 mil
Equity capital: $27.3 mil
Deposits held in domestic offices: $165.7 mil
Return on assets (ROA): 0.63% ($1.4 mil)
Quarterly return on assets: 0.65% ($1.4 mil)
Return on Equity (ROE): 5.71% ($1.5 mil)
Quarterly return on equity: 5.09% ($1.4 mil)
Net income: $1.3 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.93% ($1,999.1 mil)
Quarterly Pretax return on assets: 0.94% ($2,020.6 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)
Total employees (full-time equivalent)35
Total assets$214,962
Cash and due from depository institutions$5,355
Interest-bearing balances$2,764
Federal funds sold & reverse repurchase agreements$5,300
Net loans & leases$167,097
Loan loss allowance $2,925
Trading account assets$0
Bank premises and fixed assets$4,770
Other real estate owned$135
Goodwill and other intangibles$1,186
All other assets$4,671
Life insurance assets$214,962
Total liabilities and capital$187,620
Total liabilities$165,699
Total deposits$147,336
Interest-bearing deposits$165,699
Deposits held in domestic offices$80
% insured (estimated)6563.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$15,000
Other borrowed funds $0
Subordinated debt $358
All other liabilities $27,342
Total equity capital$27,342
Total bank equity capital$27,342
Perpetual preferred stock$0
Common stock$9,340
Undivided profits $5,695
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,071
Earning assets $0
Long-term assets (5+ years) $879
Average Assets, year-to-date $201,609
Average Assets, quarterly $58,549
Volatile liabilities $202,852
Insider loans $211,777
FHLB advances $167,717
Loans and leases held for sale $209,942
Unused loan commitments $2,089
Tier 1 (core) risk-based capital $2,089
Tier 2 risk-based capital $25,523
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $20,439
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,426
Total interest expense $2,586
Net interest income $6,840
Provision for loan and lease losses $1,600
Total noninterest income $811
Fiduciary activities $0
Service charges on deposit accounts $219
Trading account gains & fees $0
Additional noninterest income $592
Total noninterest expense $4,337
Salaries and employee benefits $2,129
Premises and equipment expense $462
Additional noninterest expense $1,746
Pre-tax net operating income $1,714
Securities gains (losses) $178
Applicable income taxes $611
Income before extraordinary items $1,281
Extraordinary gains - net $0
Net income attributable to bank $1,281
Net charge-offs $0
Cash dividends $1,281
Sale, conversion, retirement of capital stock, net $798
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.03%
Cost of funding earning assets 1.38%
Net interest margin 3.65%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.31%
Net operating income to assets 0.57%
Return on assets (ROA) 0.63%
Pretax return on assets 0.93%
Return on equity (ROE) 5.71%
Retained earnings to average equity (YTD only) 5.71%
Net charge-offs to loans 0.51%
Credit loss provision to net charge-offs 200.50%
Efficiency ratio4.15%
Assets per employee$56,176
Cash dividends to net income (YTD only)6.14%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 273.11%
Noncurrent loans to loans 0.56%
Net loans and leases to deposits0.63%
Net loans and leases to core deposits 100.84%
Equity capital to assets 114.95%
Core capital (leverage) ratio 12.72%
Tier 1 risk-based capital ratio 12.16%
Total risk-based capital ratio 15.22%
Average assets$16
Average earning assets$202,852
Average equity $22,420
Average loans $187,492
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5 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0424603Select Bank & Trust Company3600 Charles Boulevard, Greenville, NC 27858August 03, 2004Full Service Brick and Mortar
2490250East Tenth Street Branch3800 East Tenth Street, Greenville, NC 27858January 06, 2009Full Service Brick and Mortar
3461968Elizabeth City Branch104 Nance Court, Elizabeth City, NC 27909December 13, 2004Full Service Brick and Mortar
4518524Washington Branch155 North Market Street, Suite 103, Washington, NC 27889April 01, 2011Full Service Brick and Mortar
5451495Gibsonville Branch220 Burlington Street, Gibsonville, NC 27249April 28, 2006Full Service Brick and Mortar
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