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



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The Fidelity Bank
GeneralFDIC 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
LocationAddress: 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 ChangesCorrections
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)411
Total assets$1,422,449
Cash and due from depository institutions$411,604
Interest-bearing balances$378,079
Securities$105,570
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$804,391
Loan loss allowance $15,677
Trading account assets$0
Bank premises and fixed assets$58,279
Other real estate owned$7,151
Goodwill and other intangibles$19,554
All other assets$15,900
Life insurance assets$1,422,449
Total liabilities and capital$1,257,083
Total liabilities$1,234,074
Total deposits$911,164
Interest-bearing deposits$1,234,074
Deposits held in domestic offices$81
% insured (estimated)10143.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,191
Other borrowed funds $0
Subordinated debt $11,675
All other liabilities $165,366
Total equity capital$165,366
Total bank equity capital$165,366
Perpetual preferred stock$0
Common stock$730
Surplus$26,425
Undivided profits $138,211
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $7,384
Earning assets $0
Long-term assets (5+ years) $3,116
Average Assets, year-to-date $1,288,040
Average Assets, quarterly $88,547
Volatile liabilities $1,395,468
Insider loans $1,420,589
FHLB advances $895,491
Loans and leases held for sale $1,409,670
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $151,359
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $210,564
Derivatives$7,630
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $51,607
Total interest expense $7,722
Net interest income $43,885
Provision for loan and lease losses $3,957
Total noninterest income $13,138
Fiduciary activities $844
Service charges on deposit accounts $7,343
Trading account gains & fees $0
Additional noninterest income $4,951
Total noninterest expense $44,894
Salaries and employee benefits $25,889
Premises and equipment expense $6,806
Additional noninterest expense $12,199
Pre-tax net operating income $8,172
Securities gains (losses) $1
Applicable income taxes $2,899
Income before extraordinary items $5,274
Extraordinary gains - net $0
Net income attributable to bank $5,274
Net charge-offs $0
Cash dividends $5,274
Sale, conversion, retirement of capital stock, net $2,901
Net operating income $3,374
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.08%
Cost of funding earning assets 0.61%
Net interest margin 3.47%
Noninterest income to earning assets 1.04%
Noninterest expense to earning assets 3.55%
Net operating income to assets 0.38%
Return on assets (ROA) 0.38%
Pretax return on assets 0.59%
Return on equity (ROE) 3.19%
Retained earnings to average equity (YTD only) 1.15%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 136.40%
Efficiency ratio4.18%
Assets per employee$78,272
Cash dividends to net income (YTD only)3.46%
Condition Ratios (%)
Loss allowance to loans 63.97%
Loss allowance to noncurrent loans 1.91%
Noncurrent assets plus other real estate owned to assets 212.31%
Noncurrent loans to loans 1.02%
Net loans and leases to deposits0.90%
Net loans and leases to core deposits 65.18%
Equity capital to assets 67.63%
Core capital (leverage) ratio 11.63%
Tier 1 risk-based capital ratio 10.74%
Total risk-based capital ratio 16.90%
Memoranda
Average assets$18
Average earning assets$1,395,468
Average equity $165,274
Average loans $1,263,697
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$484,041
Number of Accounts1
Personal trust and agency accounts$483,307
Employee benefit-defined contribution accounts$443,282
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$2,923
Investment management agency accounts$3,789
Other fiduciary accounts$33,313
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts84
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$2,923
Employee benefit-defined benefit accounts$0
Other retirement accounts$734
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$291
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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
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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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