Square 1 Bank in Durham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Square 1 Bank in Durham, North Carolina (NC)
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Square 1 Bank - Overview

  • General
  • FDIC Certificate #: 58021
    Status: Active
    Federal Reserve ID: 3345449
    Bank Holding Company (Regulatory Top Holder): Square 1 Financial, Inc. (RSSDID: 3345430, Location: Durham, NC)
    Date Established: August 08, 2005
    WWW: http://www.square1financial.combank/
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 433914
    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 08, 2005
    Last Structure Change Effective Date: Febuary 01, 2012
    Last Structure Change Process Date: Febuary 02, 2012
    Last Data Update: Febuary 02, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 406 Blackwell Street, Suite 240, Durham, NC 27701
    County: Durham
    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): Durham-Chapel Hill, NC (#20500)
    CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
  • Financial Summary
  • Total assets: $1,644.4 mil
    Equity capital: $126.0 mil
    Deposits held in domestic offices: $1,502.1 mil
    Return on assets (ROA): 0.38% ($6.2 mil)
    Quarterly return on assets: 0.55% ($9.0 mil)
    Return on Equity (ROE): 5.02% ($6.3 mil)
    Quarterly return on equity: 7.02% ($8.8 mil)
    Net income: $5.9 mil
    Quarterly Net income: $2.2 mil
    Pretax return on assets: 0.66% ($10,852.9 mil)
    Quarterly Pretax return on assets: 0.89% ($14,634.9 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
  • 189Total employees (full-time equivalent)
  • $1,644,372Total assets
  • $194,411Cash and due from depository institutions
  • $187,958Interest-bearing balances
  • $708,370Securities
  • $116Federal funds sold & reverse repurchase agreements
  • $699,272Net loans & leases
  • $11,632Loan loss allowance
  • $0Trading account assets
  • $3,020Bank premises and fixed assets
  • $0Other real estate owned
  • $478Goodwill and other intangibles
  • $1,644,372Life insurance assets
  • $38,705All other assets
  • $1,518,341Total liabilities and capital
  • $1,502,125Total liabilities
  • $1,341,635Total deposits
  • $1,502,125Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $16,216Subordinated debt
  • $126,031All other liabilities
  • $126,031Total equity capital
  • $126,031Total bank equity capital
  • $0Perpetual preferred stock
  • $49,500Common stock
  • $105,714Surplus
  • $-29,183Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,063Income earned, not collected on loans
  • $0Earning assets
  • $5,654Long-term assets (5+ years)
  • $1,595,716Average Assets, year-to-date
  • $540,862Average Assets, quarterly
  • $1,543,881Volatile liabilities
  • $1,602,201Insider loans
  • $971,367FHLB advances
  • $1,572,673Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $132,557Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $714,185Restructured Loans and leases
  • $15,923Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $59,816Total interest income
  • $860Total interest expense
  • $58,956Net interest income
  • $7,300Provision for loan and lease losses
  • $13,334Total noninterest income
  • $0Fiduciary activities
  • $3,050Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,284Additional noninterest income
  • $45,874Total noninterest expense
  • $26,392Salaries and employee benefits
  • $4,832Premises and equipment expense
  • $14,650Additional noninterest expense
  • $19,116Pre-tax net operating income
  • -$8,956Securities gains (losses)
  • $4,303Applicable income taxes
  • $5,857Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,857Net income attributable to bank
  • $0Net charge-offs
  • $5,857Cash dividends
  • $4,865Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.08%Yield on earning assets
  • 0.06%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 5.02%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • 0.79%Net charge-offs to loans
  • 150.05%Credit loss provision to net charge-offs
  • 5.43%Efficiency ratio
  • 63,458Assets per employee
  • 8.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 164.69%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 46.55%Net loans and leases to core deposits
  • 47.29%Equity capital to assets
  • 7.66%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 13.65%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,543,881Average earning assets
  • $116,568Average equity
  • $1,467,300Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0433914Square 1 Bank406 Blackwell Street, Suite 240, Durham, NC 27701August 08, 2005Full Service Brick and Mortar

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