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

This bank is inactive as of July 21, 2006

  • SterlingSouth Bank & Trust Company in Greensboro, North Carolina (NC)
  • Show street view No street view available for this location

SterlingSouth Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 35570
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of North Carolina (#33527)
    Federal Reserve ID: 2948049
    Date Established: October 16, 2000
    WWW: http://www.sterlingsouth.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 81997
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 16, 2000
    Last Structure Change Effective Date: July 21, 2006
    Last Structure Change Process Date: October 11, 2006
    Last Data Update: October 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1110 Dover Road, Greensboro, NC 27404
    County: Guilford
    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): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • Financial Summary
  • Total assets: $168.9 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, 2005)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $157,379Total assets
  • $2,388Cash and due from depository institutions
  • $231Interest-bearing balances
  • $18,219Securities
  • $5,621Federal funds sold & reverse repurchase agreements
  • $124,085Net loans & leases
  • $1,666Loan loss allowance
  • $0Trading account assets
  • $2,502Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,564All other assets
  • $157,379Total liabilities and capital
  • $144,455Total liabilities
  • $132,661Total deposits
  • $119,924Interest-bearing deposits
  • $132,661Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $304Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,000Other borrowed funds
  • $0Subordinated debt
  • $490All other liabilities
  • $12,924Total equity capital
  • $12,924Total bank equity capital
  • $12,924Perpetual preferred stock
  • $0Common stock
  • $6,366Surplus
  • $7,614Undivided profits
  • Memoranda
  • $-1,056Noncurrent loans and leases
  • $42,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $435Earning assets
  • $0Long-term assets (5+ years)
  • $558Average Assets, year-to-date
  • $148,156Average Assets, quarterly
  • $14,184Volatile liabilities
  • $140,843Insider loans
  • $152,830FHLB advances
  • $48,968Loans and leases held for sale
  • $11,039Unused loan commitments
  • $11,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $42,719Total unused commitments
  • $24Restructured Loans and leases
  • $1,666Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $8,038Total interest income
  • $3,065Total interest expense
  • $4,973Net interest income
  • $560Provision for loan and lease losses
  • $336Total noninterest income
  • $0Fiduciary activities
  • $47Service charges on deposit accounts
  • $0Trading account gains & fees
  • $289Additional noninterest income
  • $3,382Total noninterest expense
  • $1,946Salaries and employee benefits
  • $523Premises and equipment expense
  • $913Additional noninterest expense
  • $1,367Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1Applicable income taxes
  • $1,368Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,368Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $142Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.09%Yield on earning assets
  • 2.32%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 11.09%Return on equity (ROE)
  • 11.09%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 394.37%Credit loss provision to net charge-offs
  • 13.57%Efficiency ratio
  • 63,703Assets per employee
  • 6.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 382.99%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 93.54%Net loans and leases to core deposits
  • 134.88%Equity capital to assets
  • 8.21%Core capital (leverage) ratio
  • 8.79%Tier 1 risk-based capital ratio
  • 9.83%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $140,843Average earning assets
  • $12,337Average equity
  • $131,982Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with SterlingSouth Bank & Trust Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents