Southern National Bank of North Carolina in Lumberton, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 27, 1995

  • Southern National Bank of North Carolina in Lumberton, North Carolina (NC)
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Southern National Bank of North Carolina - Overview

  • General
  • FDIC Certificate #: 4899
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 438322
    Date Established: January 01, 1897
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 145 (Interstate: No)
    OTS Docket #: 10200
    FDIC's unique #: 3255
    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: January 01, 1934
    Last Structure Change Effective Date: May 27, 1995
    Last Structure Change Process Date: June 16, 1995
    Last Data Update: June 16, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 North Chestnut Street, Lumberton, NC 28358
    County: Robeson
    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
    Combined Statistical Area (CSA): Lumberton-Laurinburg, NC (#354)
    Core Based Statistical Area (CBSA): Lumberton, NC (#31300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $5,652.6 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)
  • $2,460Total assets
  • $5,746,319Cash and due from depository institutions
  • $179,946Interest-bearing balances
  • $496Securities
  • $1,874,252Federal funds sold & reverse repurchase agreements
  • $233,419Net loans & leases
  • $3,261,851Loan loss allowance
  • $37,751Trading account assets
  • $0Bank premises and fixed assets
  • $109,338Other real estate owned
  • $886Goodwill and other intangibles
  • $82,179Life insurance assets
  • $4,448All other assets
  • $0Total liabilities and capital
  • $5,746,319Total liabilities
  • $5,387,986Total deposits
  • $4,043,761Interest-bearing deposits
  • $3,507,784Deposits held in domestic offices
  • 4043761.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $1,145,502Trading liabilities
  • $0Other borrowed funds
  • $136,089Subordinated debt
  • $0All other liabilities
  • $62,634Total equity capital
  • $62,634Total bank equity capital
  • $358,333Perpetual preferred stock
  • $0Common stock
  • $25,304Surplus
  • $151,741Undivided profits
  • Memoranda
  • $181,288Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,382Income earned, not collected on loans
  • $16,874Earning assets
  • $5,370,018Long-term assets (5+ years)
  • $1,007,602Average Assets, year-to-date
  • $5,460,058Average Assets, quarterly
  • $5,696,119Volatile liabilities
  • $1,759,919Insider loans
  • $36,717FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $760,967Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $376,507Total risk weighted assets
  • $3,179,916Total unused commitments
  • $0Restructured Loans and leases
  • $614,123Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $367,814Total interest expense
  • $161,342Net interest income
  • $206,472Provision for loan and lease losses
  • $2,057Total noninterest income
  • $57,734Fiduciary activities
  • $3,064Service charges on deposit accounts
  • $21,510Trading account gains & fees
  • $874Additional noninterest income
  • $32,286Total noninterest expense
  • $155,386Salaries and employee benefits
  • $84,579Premises and equipment expense
  • $27,438Additional noninterest expense
  • $43,369Pre-tax net operating income
  • $106,763Securities gains (losses)
  • $445Applicable income taxes
  • $34,721Income before extraordinary items
  • $72,487Extraordinary gains - net
  • $0Net income attributable to bank
  • $72,487Net charge-offs
  • $3,347Cash dividends
  • $49,596Sale, conversion, retirement of capital stock, net
  • $2,165Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.25%Cost of funding earning assets
  • 3.18%Net interest margin
  • 4.07%Noninterest income to earning assets
  • 1.14%Noninterest expense to earning assets
  • 3.06%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 1.96%Return on equity (ROE)
  • 19.86%Retained earnings to average equity (YTD only)
  • 6.27%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 61.46%Efficiency ratio
  • 58,415Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.42%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 450.38%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 80.66%Net loans and leases to core deposits
  • 93.75%Equity capital to assets
  • 6.24%Core capital (leverage) ratio
  • 6.70%Tier 1 risk-based capital ratio
  • 11.84%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $5,460,058Average earning assets
  • $365,045Average equity
  • $5,075,552Average loans
robert jester
good afternoon. we found some stock shares from southern national bank in my father in laws will. are they worth anything or did they convert to another bank.

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