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- Banks in North Carolina (NC)
- The Community Bank
The Community Bank in Pilot Mountain, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of October 18, 2004
- The Community Bank in Pilot Mountain, North Carolina (NC)
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The Community Bank - Overview
- General
- FDIC Certificate #: 26919
Status: Inactive
Closing history: Corrections
Acquiring institution: Southern Community Bank and Trust (#34321)
Federal Reserve ID: 652726
Date Established: March 23, 1987
WWW: http://www.thecommbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Interstate: No)
OTS Docket #: 10706
FDIC's unique #: 36307
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 23, 1987
Last Structure Change Effective Date: October 18, 2004
Last Structure Change Process Date: November 03, 2004
Last Data Update: November 03, 2004
Data Source Date: April 05, 2012 - Location
- Address: 616 South Key Street, Pilot Mountain, NC 27041
County: Surry
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
Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
Core Based Statistical Area (CBSA): Mount Airy, NC (#34340)
CBSA Micro Statistical Area: Yes - History of Changes
- Merger - Without Assistance
Corrections - Financial Summary
- Total assets: $313.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
- Dollar figures in thousands
- 78Total employees (full-time equivalent)
- $258,851Total assets
- $7,498Cash and due from depository institutions
- $46Interest-bearing balances
- $67,863Securities
- $0Federal funds sold & reverse repurchase agreements
- $171,442Net loans & leases
- $4,860Loan loss allowance
- $0Trading account assets
- $6,021Bank premises and fixed assets
- $180Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $5,847All other assets
- $258,851Total liabilities and capital
- $231,358Total liabilities
- $202,902Total deposits
- $172,961Interest-bearing deposits
- $202,902Deposits held in domestic offices
- 0.00%% insured (estimated)
- $8,579Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $17,168Other borrowed funds
- $0Subordinated debt
- $2,709All other liabilities
- $27,493Total equity capital
- $27,493Total bank equity capital
- $27,493Perpetual preferred stock
- $0Common stock
- $4,017Surplus
- $9,098Undivided profits
- Memoranda
- $14,378Noncurrent loans and leases
- $21,277Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $716Earning assets
- $0Long-term assets (5+ years)
- $1,153Average Assets, year-to-date
- $239,351Average Assets, quarterly
- $29,133Volatile liabilities
- $246,217Insider loans
- $253,583FHLB advances
- $66,632Loans and leases held for sale
- $3,468Unused loan commitments
- $17,168Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $21,277Total unused commitments
- $0Restructured Loans and leases
- $2,397Derivatives
Income and Expense (December 31, 2003)
- Dollar figures in thousands
- $14,053Total interest income
- $3,397Total interest expense
- $10,656Net interest income
- $240Provision for loan and lease losses
- $2,437Total noninterest income
- $0Fiduciary activities
- $1,693Service charges on deposit accounts
- $0Trading account gains & fees
- $744Additional noninterest income
- $6,529Total noninterest expense
- $3,676Salaries and employee benefits
- $1,067Premises and equipment expense
- $1,786Additional noninterest expense
- $6,324Pre-tax net operating income
- $27Securities gains (losses)
- $2,169Applicable income taxes
- $4,182Income before extraordinary items
- $0Extraordinary gains - net
- $4,182Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $270Sale, conversion, retirement of capital stock, net
- $799Net operating income
Performance and Condition Ratios (December 31, 2003)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 6.23%Yield on earning assets
- 1.51%Cost of funding earning assets
- 4.72%Net interest margin
- 1.08%Noninterest income to earning assets
- 2.89%Noninterest expense to earning assets
- 1.69%Net operating income to assets
- 1.70%Return on assets (ROA)
- 2.58%Pretax return on assets
- 16.34%Return on equity (ROE)
- 13.22%Retained earnings to average equity (YTD only)
- 0.16%Net charge-offs to loans
- 88.89%Credit loss provision to net charge-offs
- 24.31%Efficiency ratio
- 49,866Assets per employee
- 3.32%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 19.11%Loss allowance to loans
- 2.76%Loss allowance to noncurrent loans
- 678.77%Noncurrent assets plus other real estate owned to assets
- 0.35%Noncurrent loans to loans
- 0.41%Net loans and leases to deposits
- 84.49%Net loans and leases to core deposits
- 107.12%Equity capital to assets
- 10.62%Core capital (leverage) ratio
- 11.10%Tier 1 risk-based capital ratio
- 14.53%Total risk-based capital ratio
- Memoranda
- $16Average assets
- $246,217Average earning assets
- $25,594Average equity
- $225,698Average loans
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- Banks in North Carolina (NC)
- The Community Bank
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