The East Carolina Bank in Engelhard, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

The East Carolina Bank - Overview

  • General
  • FDIC Certificate #: 2017
    Status: Active
    Federal Reserve ID: 580726
    Bank Holding Company (Regulatory Top Holder): Ecb Bancorp, Inc. (RSSDID: 2686659, Location: Engelhard, NC)
    Date Established: January 01, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 25 (Domestic: 25, Interstate: No)
    OTS Docket #: 14292
    FDIC's unique #: 1343
    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: January 01, 1934
    Last Structure Change Effective Date: May 27, 2010
    Last Structure Change Process Date: May 27, 2010
    Last Data Update: May 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 35050 Us 264, Engelhard, NC 27824
    County: Hyde
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $921.7 mil
    Equity capital: $81.8 mil
    Deposits held in domestic offices: $797.6 mil
    Return on assets (ROA): 0.04% ($0.4 mil)
    Quarterly return on assets: -0.11% (-$1.0 mil)
    Return on Equity (ROE): 0.40% ($0.3 mil)
    Quarterly return on equity: -1.27% (-$1.0 mil)
    Net income: $0.3 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.04% (-$368.7 mil)
    Quarterly Pretax return on assets: -0.29% (-$2,673.0 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, 2011)

  • Dollar figures in thousands
  • 251Total employees (full-time equivalent)
  • $921,709Total assets
  • $18,426Cash and due from depository institutions
  • $63Interest-bearing balances
  • $339,450Securities
  • $6,305Federal funds sold & reverse repurchase agreements
  • $487,317Net loans & leases
  • $12,333Loan loss allowance
  • $0Trading account assets
  • $25,984Bank premises and fixed assets
  • $6,917Other real estate owned
  • $0Goodwill and other intangibles
  • $921,709Life insurance assets
  • $37,310All other assets
  • $839,870Total liabilities and capital
  • $797,645Total liabilities
  • $661,966Total deposits
  • $797,645Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 2679.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,500Trading liabilities
  • $0Other borrowed funds
  • $5,046Subordinated debt
  • $81,839All other liabilities
  • $81,839Total equity capital
  • $81,839Total bank equity capital
  • $0Perpetual preferred stock
  • $7,498Common stock
  • $50,613Surplus
  • $23,728Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,865Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,285Income earned, not collected on loans
  • $0Earning assets
  • $5,307Long-term assets (5+ years)
  • $833,135Average Assets, year-to-date
  • $263,289Average Assets, quarterly
  • $924,661Volatile liabilities
  • $922,702Insider loans
  • $602,047FHLB advances
  • $917,191Loans and leases held for sale
  • $11,778Unused loan commitments
  • $9,250Tier 1 (core) risk-based capital
  • $77,850Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,528Total unused commitments
  • $76,672Restructured Loans and leases
  • $3,164Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,179Total interest income
  • $10,089Total interest expense
  • $27,090Net interest income
  • $8,483Provision for loan and lease losses
  • $5,379Total noninterest income
  • $0Fiduciary activities
  • $2,542Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,837Additional noninterest income
  • $26,983Total noninterest expense
  • $13,781Salaries and employee benefits
  • $4,020Premises and equipment expense
  • $9,182Additional noninterest expense
  • -$2,997Pre-tax net operating income
  • $2,631Securities gains (losses)
  • -$692Applicable income taxes
  • $326Income before extraordinary items
  • $0Extraordinary gains - net
  • $326Net income attributable to bank
  • $0Net charge-offs
  • $326Cash dividends
  • $9,397Sale, conversion, retirement of capital stock, net
  • $1,439Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • 0.04%Return on assets (ROA)
  • -0.04%Pretax return on assets
  • 0.40%Return on equity (ROE)
  • -1.37%Retained earnings to average equity (YTD only)
  • 1.75%Net charge-offs to loans
  • 90.27%Credit loss provision to net charge-offs
  • 0.58%Efficiency ratio
  • 83,104Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 441.41%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 80.69%Noncurrent assets plus other real estate owned to assets
  • 2.41%Noncurrent loans to loans
  • 3.06%Net loans and leases to deposits
  • 61.09%Net loans and leases to core deposits
  • 67.87%Equity capital to assets
  • 8.88%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 12.93%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $924,661Average earning assets
  • $81,503Average equity
  • $843,275Average loans

List of branches

  • 25 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01343The East Carolina Bank35050 Us 264, Engelhard, NC 27824January 01, 1919Full Service Brick and Mortar
    1190522Columbia BranchWater Street And Scuppernong Drive, Columbia, NC 27925December 01, 1936Full Service Brick and Mortar
    2190523Creswell BranchSeventh Street And U.S. Highway 64, Creswell, NC 27928January 15, 1963Full Service Brick and Mortar
    3190524Swanquarter BranchMain And Pearl Streets, Swanquarter, NC 27885March 14, 1935Full Service Brick and Mortar
    4190525Manteo Branch205 Virginia Dave Road, Manteo, NC 27954June 23, 1969Full Service Brick and Mortar
    5190526Nags Head BranchThird Street And Highway 158 Bypass, Nags Head, NC 27959April 29, 1971Full Service Brick and Mortar
    6190527Hatteras BranchN.C. Highway 12 (Northeast Side), Hatteras, NC 27943April 05, 1973Full Service Brick and Mortar
    7190528Fairfield BranchState Highway 94, Fairfield, NC 27826June 14, 1973Full Service Brick and Mortar
    8190529Ocracoke Island BranchHighway 12, Ocracoke, NC 27960May 04, 1978Full Service Brick and Mortar
    10190531Southern Shores/Kitty Hawk BranchHighway 158 And Juniper Trail, Kitty Hawk, NC 27949May 11, 1984Full Service Brick and Mortar
    11190532Red Banks Road Branch1001 Red Banks Road, Greenville, NC 27834August 04, 1989Full Service Brick and Mortar
    12190533University Medical Center Branch2400 Stantonsburg Road, Greenville, NC 27834June 26, 1995Full Service Brick and Mortar
    14190535Avon BranchHighway 12, Avon, NC 27915June 30, 1997Full Service Retail
    16190537Pamlico Plaza-Washington1418 Carolina Avenue, Washington, NC 27889May 27, 1999Full Service Brick and Mortar
    17358902New Bern Branch1801 South Glenburnie Road, New Bern, NC 28561August 21, 2000Full Service Brick and Mortar
    18359701Currituck Branch2878 Caratoke Highway, Currituck, NC 27929March 16, 2001Full Service Brick and Mortar
    19360867Hertford Branch1103 Harvey Point Road, Hertford, NC 27944October 02, 2000Full Service Brick and Mortar
    21419088Williamston Branch403 East Boulevard, Williamston, NC 27892May 19, 2003Full Service Brick and Mortar
    22429534Morehead City Branch168 Nc Highway 24, Morehead City, NC 28557January 26, 2004Full Service Brick and Mortar
    23429535Progress Point Branch1724 Eastwood Road, Wilmington, NC 28405June 28, 2004Full Service Brick and Mortar
    26465865Hardee Village- Greenville1221 Portertown Road, Greenville, NC 27858June 18, 2007Full Service Brick and Mortar
    27465866Ocean Isle Beach Branch6278 Beach Drive, Suite 100, Unit One, Ocean Isle Beach, NC 28469June 04, 2007Full Service Brick and Mortar
    28467452Winterville Branch3810 South Memorial Drive, Winterville, NC 28590July 23, 2007Full Service Brick and Mortar
    29490249Leland Branch1101 New Pointe Boulevard, Leland, NC 28451July 21, 2008Full Service Brick and Mortar
    30521940Porter's Neck Branch7961 Market Street, Wilmington, NC 28411November 01, 2010Full Service Brick and Mortar

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