SouthTrust Bank of North Carolina in Concord, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 02, 1997

  • SouthTrust Bank of North Carolina in Concord, North Carolina (NC)
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SouthTrust Bank of North Carolina - Overview

  • General
  • FDIC Certificate #: 31164
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 821670
    Date Established: January 01, 1888
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 30 (Interstate: No)
    OTS Docket #: 6476
    FDIC's unique #: 43998
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 24, 1960
    Last Structure Change Effective Date: June 02, 1997
    Last Structure Change Process Date: June 13, 1997
    Last Data Update: June 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 40 Cabarrus Avenue East, Concord, NC 28025
    County: Cabarrus
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • Financial Summary
  • Total assets: $1,217.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $288Total assets
  • $1,187,941Cash and due from depository institutions
  • $49,492Interest-bearing balances
  • $445Securities
  • $238,674Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $849,982Loan loss allowance
  • $11,019Trading account assets
  • $0Bank premises and fixed assets
  • $25,451Other real estate owned
  • $284Goodwill and other intangibles
  • $20,001Life insurance assets
  • $4,057All other assets
  • $0Total liabilities and capital
  • $1,187,941Total liabilities
  • $1,127,359Total deposits
  • $744,407Interest-bearing deposits
  • $653,024Deposits held in domestic offices
  • 744407.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $52,446Trading liabilities
  • $0Other borrowed funds
  • $302,445Subordinated debt
  • $15,500All other liabilities
  • $12,561Total equity capital
  • $12,561Total bank equity capital
  • $60,582Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $38,244Undivided profits
  • Memoranda
  • $20,338Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,271Income earned, not collected on loans
  • $1,838Earning assets
  • $1,089,101Long-term assets (5+ years)
  • $200,349Average Assets, year-to-date
  • $1,005,498Average Assets, quarterly
  • $1,130,884Volatile liabilities
  • $352,057Insider loans
  • $338FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $130,066Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $56,664Total risk weighted assets
  • $822,672Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $78,123Total interest expense
  • $45,341Net interest income
  • $32,782Provision for loan and lease losses
  • $3,915Total noninterest income
  • $5,639Fiduciary activities
  • $147Service charges on deposit accounts
  • $3,684Trading account gains & fees
  • $0Additional noninterest income
  • $1,808Total noninterest expense
  • $29,783Salaries and employee benefits
  • $11,209Premises and equipment expense
  • $3,742Additional noninterest expense
  • $14,832Pre-tax net operating income
  • $4,723Securities gains (losses)
  • $16Applicable income taxes
  • $1,641Income before extraordinary items
  • $3,098Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,098Net charge-offs
  • $1,339Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.37%Cost of funding earning assets
  • 4.86%Net interest margin
  • 3.51%Noninterest income to earning assets
  • 0.60%Noninterest expense to earning assets
  • 3.19%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 0.47%Return on equity (ROE)
  • 5.61%Retained earnings to average equity (YTD only)
  • 5.61%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 292.38%Efficiency ratio
  • 76,604Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 175.71%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 114.18%Net loans and leases to core deposits
  • 138.10%Equity capital to assets
  • 5.10%Core capital (leverage) ratio
  • 5.04%Tier 1 risk-based capital ratio
  • 6.89%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,005,498Average earning assets
  • $55,265Average equity
  • $933,856Average loans

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