The Fidelity Bank in Fuquay Varina, North Carolina (NC), VA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Fidelity Bank in Fuquay Varina, North Carolina (NC), VA
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The Fidelity Bank - Overview

  • General
  • FDIC Certificate #: 11507
    Status: Active
    Federal Reserve ID: 584920
    Bank Holding Company (Regulatory Top Holder): Fidelity Bancshares (N.C.), Inc. (RSSDID: 1249002, Location: Fuquay-Varina, NC)
    Date Established: January 01, 1909
    WWW: http://www.fidelitybanknc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 66 (Domestic: 66, Interstate: Yes)
    OTS Docket #: 12777
    FDIC's unique #: 7353
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 South Main Street, Fuquay Varina, NC 27526
    County: Wake
    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): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,422.4 mil
    Equity capital: $165.4 mil
    Deposits held in domestic offices: $1,234.1 mil
    Return on assets (ROA): 0.38% ($5.4 mil)
    Quarterly return on assets: 0.52% ($7.4 mil)
    Return on Equity (ROE): 3.19% ($5.3 mil)
    Quarterly return on equity: 4.47% ($7.4 mil)
    Net income: $5.3 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 0.59% ($8,392.4 mil)
    Quarterly Pretax return on assets: 0.77% ($10,952.9 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
  • 411Total employees (full-time equivalent)
  • $1,422,449Total assets
  • $411,604Cash and due from depository institutions
  • $378,079Interest-bearing balances
  • $105,570Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $804,391Net loans & leases
  • $15,677Loan loss allowance
  • $0Trading account assets
  • $58,279Bank premises and fixed assets
  • $7,151Other real estate owned
  • $19,554Goodwill and other intangibles
  • $1,422,449Life insurance assets
  • $15,900All other assets
  • $1,257,083Total liabilities and capital
  • $1,234,074Total liabilities
  • $911,164Total deposits
  • $1,234,074Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 10143.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,191Trading liabilities
  • $0Other borrowed funds
  • $11,675Subordinated debt
  • $165,366All other liabilities
  • $165,366Total equity capital
  • $165,366Total bank equity capital
  • $0Perpetual preferred stock
  • $730Common stock
  • $26,425Surplus
  • $138,211Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,384Income earned, not collected on loans
  • $0Earning assets
  • $3,116Long-term assets (5+ years)
  • $1,288,040Average Assets, year-to-date
  • $88,547Average Assets, quarterly
  • $1,395,468Volatile liabilities
  • $1,420,589Insider loans
  • $895,491FHLB advances
  • $1,409,670Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $151,359Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $210,564Restructured Loans and leases
  • $7,630Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $51,607Total interest income
  • $7,722Total interest expense
  • $43,885Net interest income
  • $3,957Provision for loan and lease losses
  • $13,138Total noninterest income
  • $844Fiduciary activities
  • $7,343Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,951Additional noninterest income
  • $44,894Total noninterest expense
  • $25,889Salaries and employee benefits
  • $6,806Premises and equipment expense
  • $12,199Additional noninterest expense
  • $8,172Pre-tax net operating income
  • $1Securities gains (losses)
  • $2,899Applicable income taxes
  • $5,274Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,274Net income attributable to bank
  • $0Net charge-offs
  • $5,274Cash dividends
  • $2,901Sale, conversion, retirement of capital stock, net
  • $3,374Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.08%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 3.47%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 3.19%Return on equity (ROE)
  • 1.15%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 136.40%Credit loss provision to net charge-offs
  • 4.18%Efficiency ratio
  • 78,272Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.97%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 212.31%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 65.18%Net loans and leases to core deposits
  • 67.63%Equity capital to assets
  • 11.63%Core capital (leverage) ratio
  • 10.74%Tier 1 risk-based capital ratio
  • 16.90%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $1,395,468Average earning assets
  • $165,274Average equity
  • $1,263,697Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $484,041Managed Assets
  • 1Number of Accounts
  • $483,307Personal trust and agency accounts
  • $443,282Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,923Corporate trust and agency accounts
  • $3,789Investment management agency accounts
  • $33,313Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 84Number of Accounts
  • $0Personal trust and agency accounts
  • $2,923Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $734Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $291Fiduciary accounts held in foreign offices

List of branches

  • 63 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07353The Fidelity Bank100 South Main Street, Fuquay Varina, NC 27526January 01, 1909Full Service Brick and Mortar
    1224718Cary Branch100 West Chatham Street, Cary, NC 27511March 01, 1952Full Service Brick and Mortar
    2224719Sunset Plaza Branch1304 North Main Street, Fuquay-Varina, NC 27526June 01, 1959Full Service Brick and Mortar
    3224720Mayfair Plaza Branch100 Sw Maynard Road, Cary, NC 27511January 12, 1970Full Service Brick and Mortar
    41354Biscoe Branch520 N. Main Street, Biscoe, NC 27209June 01, 1920Full Service Brick and Mortar
    5190806Robbins Branch130 East Salisbury Street, Robbins, NC 27325January 02, 1940Full Service Brick and Mortar
    6190807Star Branch217 South Main Street, Star, NC 27356June 15, 1960Full Service Brick and Mortar
    8224721Wake Forest Branch231 South White Street, Wake Forest, NC 27587July 22, 1971Full Service Brick and Mortar
    10224723Liberty Branch508 North Greensboro Street, Liberty, NC 27298November 17, 1972Full Service Brick and Mortar
    11224724Carthage Branch201 Monroe Street, Carthage, NC 28327April 12, 1973Full Service Brick and Mortar
    12224725Mount Gilead Branch207 North Main Street, Mount Gilead, NC 27306April 12, 1973Full Service Brick and Mortar
    13224726Troy Branch315 Albemarle Road, Troy, NC 27371April 04, 1977Full Service Brick and Mortar
    15224728Holly Springs Branch7000 Gb Alford Highway, Holly Springs, NC 27540May 01, 1978Full Service Brick and Mortar
    16224729Candor Branch225 North Main Street, Candor, NC 27229Febuary 23, 1981Full Service Brick and Mortar
    17224730Ellerbe Branch2086 North Main Street, Ellerbe, NC 28338April 16, 1984Full Service Brick and Mortar
    18224731Morrisville Branch10217 Chapel Hill Road, Morrisville, NC 27560August 05, 1985Full Service Brick and Mortar
    20224732Swift Creek Branch2819 Jones Franklin Road, Raleigh, NC 27606September 09, 1991Full Service Brick and Mortar
    21224733Creedmoor Branch2538 Lyon Station Road, Creedmoor, NC 27522September 16, 1991Full Service Brick and Mortar
    22224734Parkway Pointe Branch2416 Southwest Cary Parkway, Cary, NC 27513November 05, 1991Full Service Brick and Mortar
    2340624Oxford Branch712 Linden Avenue, Oxford, NC 27565January 01, 1911Full Service Brick and Mortar
    2540865Raeford Branch112 South 401 By-Pass, Raeford, NC 28376January 01, 1913Full Service Brick and Mortar
    26224735Market Of Wake Forest Branch12201 Capital Boulevard, Wake Forest, NC 27587April 27, 1993Full Service Brick and Mortar
    28224736Henderson Branch1537 Dabney Drive, Henderson, NC 27536November 28, 1994Full Service Brick and Mortar
    29208482Roxboro Branch105 West Gordon Street, Roxboro, NC 27573June 11, 1973Full Service Brick and Mortar
    36204857Hamlet Branch111 Raleigh Street, Hamlet, NC 28345April 15, 1960Full Service Brick and Mortar
    37224737North Raleigh5712 Creedmoor Road, Raleigh, NC 27612May 13, 1996Full Service Brick and Mortar
    4041023Lexington Branch114 West Second Avenue, Lexington, NC 27292January 01, 1903Full Service Brick and Mortar
    41224740Falls Of The Neuse Branch5220 Falls Of The Neuse Road, Raleigh, NC 27609September 26, 1996Full Service Brick and Mortar
    42224741Windsor Point Branch1221 Broad Street, Fuquay-Varina, NC 27526March 11, 1998Full Service Brick and Mortar
    44224743High Point Road Branch3741 Farmington Drive, Greensboro, NC 27407August 17, 1998Full Service Brick and Mortar
    45224744Battleground Office Branch2501 Battleground Avenue, Greensboro, NC 27420September 18, 1998Full Service Brick and Mortar
    46224745Aberdeen Branch11175 Us 15-501 Hwy, Aberdeen, NC 28315June 29, 1998Full Service Brick and Mortar
    47224746Millbrook Road Branch2801 Millbrook Road, Raleigh, NC 27604August 17, 1998Full Service Brick and Mortar
    50223633Gastonia - Union Road Branch2933 Union Road, Gastonia, NC 28054March 10, 1964Full Service Brick and Mortar
    52285806Salisbury Main Branch2085 Statesville Boulevard, Salisbury, NC 28147January 01, 1974Full Service Brick and Mortar
    53223888Gastonia - Cox Road Branch610 Cox Road, Gastonia, NC 28054January 17, 1995Full Service Brick and Mortar
    54287844Siler City Branch1426 East 11th Street, Siler City, NC 27344June 30, 1986Full Service Brick and Mortar
    58223649Kings Mountain Branch403 South Battleground Avenue, Kings Mountain, NC 28086January 21, 1966Full Service Brick and Mortar
    59223708Shelby Branch331 South Lafayette Street, Shelby, NC 28150December 31, 1968Full Service Brick and Mortar
    60223713Gibsonville Branch237 East Main Street, Gibsonville, NC 27249June 17, 1969Full Service Brick and Mortar
    61223782Polkville Branch4518 Polkville Road, Polkville, NC 28136March 19, 1974Full Service Brick and Mortar
    62249481Stokesdale Branch8110 U.S. Highway 158, Stokesdale, NC 27357October 19, 1977Full Service Brick and Mortar
    63224762Wentworth Branch128 Highway 65, Reidsville, NC 27320March 26, 1968Full Service Brick and Mortar
    645700Stoneville Branch103 South Henry Street, Stoneville, NC 27048August 01, 1903Full Service Brick and Mortar
    66224753Clemmons Branch2561 Lewisville-Clemmons Road, Clemmons, NC 27012September 07, 1999Full Service Brick and Mortar
    67224754Cameron Village Branch600 Oberlin Road, Raleigh, NC 27605November 05, 1999Full Service Brick and Mortar
    68334366Mebane Branch1296 South Fifth Street, Mebane, NC 27302April 17, 2000Full Service Brick and Mortar
    69357083Dunn Branch1000 East Cumberland Street, Dunn, NC 28334April 24, 2000Full Service Brick and Mortar
    70358900Apex Branch804 East Williams Street, Apex, NC 27502September 05, 2000Full Service Brick and Mortar
    72204925Rockingham Main Branch202 East Washington Street, Rockingham, NC 28379October 17, 1977Full Service Brick and Mortar
    73234306Yanceyville Branch202 Court Square, Yanceyville, NC 27379April 25, 1964Full Service Brick and Mortar
    74363052Angier Branch1305 North Raleigh Street, Angier, NC 27501December 10, 2001Full Service Brick and Mortar
    77363605Lillington Branch20 Pine State Street, Lillington, NC 27546September 10, 2001Full Service Brick and Mortar
    78223846Thomasville Branch1035 Randolph Street, Thomasville, NC 27360Febuary 19, 1985Full Service Brick and Mortar
    79223861Ramseur Branch6856 Jordan Road, Ramseur, NC 27316September 01, 1987Full Service Brick and Mortar
    82432807Mooresville Branch186 Williamson Road, Mooresville, NC 28117October 18, 2004Full Service Brick and Mortar
    83441854Kernersville Branch163 South Main Street, Kernersville, NC 27284July 05, 2005Full Service Brick and Mortar
    84450833Burlington Branch2441 South Church Street, Burlington, NC 27215March 20, 2006Full Service Brick and Mortar
    85454258Garner Branch919 Us Highway 70 W, Garner, NC 27529July 31, 2006Full Service Brick and Mortar
    86455781Winston-Salem Branch3306 Healy Drive, Winston Salem, NC 27103October 02, 2006Full Service Brick and Mortar
    88464992Durham Branch3016 Shannon Road, Durham, NC 27707July 02, 2007Full Service Brick and Mortar
    90475441Sanford Branch1002 Horner Boulevard, Sanford, NC 27330April 28, 2008Full Service Brick and Mortar
    91492784Fayetteville Branch2911 Village Drive, Fayetteville, NC 28304October 06, 2008Full Service Brick and Mortar
  • 3 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    80212262Collinsville Branch3300 Virginia Avenue, Collinsville, VA 24078November 15, 1963Full Service Brick and Mortar
    81212924Martinsville Branch231 East Church Street, Martinsville, VA 24112Febuary 06, 1987Full Service Brick and Mortar
    87457589Rocky Mount Branch77 Powder Creek Lane, Rocky Mount, VA 24151December 13, 2006Full Service Brick and Mortar

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