Select Bank & Trust Company in Greenville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 35Total employees (full-time equivalent)
  • $214,962Total assets
  • $5,355Cash and due from depository institutions
  • $2,764Interest-bearing balances
  • $26,448Securities
  • $5,300Federal funds sold & reverse repurchase agreements
  • $167,097Net loans & leases
  • $2,925Loan loss allowance
  • $0Trading account assets
  • $4,770Bank premises and fixed assets
  • $135Other real estate owned
  • $1,186Goodwill and other intangibles
  • $214,962Life insurance assets
  • $4,671All other assets
  • $187,620Total liabilities and capital
  • $165,699Total liabilities
  • $147,336Total deposits
  • $165,699Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 6563.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $358Subordinated debt
  • $27,342All other liabilities
  • $27,342Total equity capital
  • $27,342Total bank equity capital
  • $0Perpetual preferred stock
  • $9,340Common stock
  • $12,307Surplus
  • $5,695Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,071Income earned, not collected on loans
  • $0Earning assets
  • $879Long-term assets (5+ years)
  • $201,609Average Assets, year-to-date
  • $58,549Average Assets, quarterly
  • $202,852Volatile liabilities
  • $211,777Insider loans
  • $167,717FHLB advances
  • $209,942Loans and leases held for sale
  • $2,089Unused loan commitments
  • $2,089Tier 1 (core) risk-based capital
  • $25,523Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,439Restructured Loans and leases
  • $8,161Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,426Total interest income
  • $2,586Total interest expense
  • $6,840Net interest income
  • $1,600Provision for loan and lease losses
  • $811Total noninterest income
  • $0Fiduciary activities
  • $219Service charges on deposit accounts
  • $0Trading account gains & fees
  • $592Additional noninterest income
  • $4,337Total noninterest expense
  • $2,129Salaries and employee benefits
  • $462Premises and equipment expense
  • $1,746Additional noninterest expense
  • $1,714Pre-tax net operating income
  • $178Securities gains (losses)
  • $611Applicable income taxes
  • $1,281Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,281Net income attributable to bank
  • $0Net charge-offs
  • $1,281Cash dividends
  • $798Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 5.71%Return on equity (ROE)
  • 5.71%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 200.50%Credit loss provision to net charge-offs
  • 4.15%Efficiency ratio
  • 56,176Assets per employee
  • 6.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 273.11%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 100.84%Net loans and leases to core deposits
  • 114.95%Equity capital to assets
  • 12.72%Core capital (leverage) ratio
  • 12.16%Tier 1 risk-based capital ratio
  • 15.22%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $202,852Average earning assets
  • $22,420Average equity
  • $187,492Average loans

List of branches

  • 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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