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

This bank is inactive as of May 31, 1996

  • SouthTrust Bank of North Carolina, National Association in Raleigh, North Carolina (NC)
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SouthTrust Bank of North Carolina, National Association - Overview

  • General
  • FDIC Certificate #: 33439
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of North Carolina (#31164)
    Federal Reserve ID: 1855506
    Date Established: July 27, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 47123
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: April 22, 1991
    Last Structure Change Effective Date: May 31, 1996
    Last Structure Change Process Date: June 26, 1996
    Last Data Update: June 26, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 4505 Falls Of The Neuse Road, Raleigh, NC 27609
    County: Wake
    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): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • Financial Summary
  • Total assets: $149.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $52Total assets
  • $148,523Cash and due from depository institutions
  • $5,211Interest-bearing balances
  • $0Securities
  • $18,347Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $118,097Loan loss allowance
  • $1,775Trading account assets
  • $0Bank premises and fixed assets
  • $4,181Other real estate owned
  • $0Goodwill and other intangibles
  • $1,998Life insurance assets
  • $689All other assets
  • $0Total liabilities and capital
  • $148,523Total liabilities
  • $139,277Total deposits
  • $122,695Interest-bearing deposits
  • $105,061Deposits held in domestic offices
  • 122695.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $6,774Trading liabilities
  • $0Other borrowed funds
  • $5,000Subordinated debt
  • $3,000All other liabilities
  • $1,808Total equity capital
  • $1,808Total bank equity capital
  • $9,246Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $7,572Undivided profits
  • Memoranda
  • $174Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $437Income earned, not collected on loans
  • $716Earning assets
  • $136,444Long-term assets (5+ years)
  • $12,860Average Assets, year-to-date
  • $132,565Average Assets, quarterly
  • $145,154Volatile liabilities
  • $23,028Insider loans
  • $778FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $25,406Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,498Total risk weighted assets
  • $118,193Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,281Total interest expense
  • $5,828Net interest income
  • $4,453Provision for loan and lease losses
  • $759Total noninterest income
  • $555Fiduciary activities
  • $0Service charges on deposit accounts
  • $372Trading account gains & fees
  • $0Additional noninterest income
  • $183Total noninterest expense
  • $3,815Salaries and employee benefits
  • $1,805Premises and equipment expense
  • $396Additional noninterest expense
  • $1,614Pre-tax net operating income
  • $434Securities gains (losses)
  • $0Applicable income taxes
  • $156Income before extraordinary items
  • $278Extraordinary gains - net
  • $0Net income attributable to bank
  • $278Net charge-offs
  • $77Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.41%Cost of funding earning assets
  • 4.77%Net interest margin
  • 3.64%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 3.12%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 0.33%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 3.48%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • 985.71%Efficiency ratio
  • 74,421Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 406.18%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 96.25%Net loans and leases to core deposits
  • 110.95%Equity capital to assets
  • 6.23%Core capital (leverage) ratio
  • 6.00%Tier 1 risk-based capital ratio
  • 7.19%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $132,565Average earning assets
  • $7,986Average equity
  • $122,271Average loans

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