The First National Bank of Shelby in Shelby, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The First National Bank of Shelby in Shelby, North Carolina (NC)
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The First National Bank of Shelby - Overview

  • General
  • FDIC Certificate #: 4910
    Status: Active
    Federal Reserve ID: 86527
    Date Established: January 01, 1874
    WWW: http://www.ibankatfnb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 11641
    FDIC's unique #: 3260
    Numeric code: 3
    Regulator: OCC
    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: No
    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: 106 South Lafayette Street, Shelby, NC 28150
    County: Cleveland
    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): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Shelby, NC (#43140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $898.1 mil
    Equity capital: $100.1 mil
    Deposits held in domestic offices: $666.4 mil
    Return on assets (ROA): 0.00% ($0.0 mil)
    Quarterly return on assets: -0.03% (-$0.3 mil)
    Return on Equity (ROE): -0.03% (-$0.0 mil)
    Quarterly return on equity: -0.24% (-$0.2 mil)
    Net income: -$0.0 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.13% (-$1,167.5 mil)
    Quarterly Pretax return on assets: -0.35% (-$3,143.4 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
  • 204Total employees (full-time equivalent)
  • $898,103Total assets
  • $18,220Cash and due from depository institutions
  • $3,999Interest-bearing balances
  • $315,483Securities
  • $140Federal funds sold & reverse repurchase agreements
  • $500,796Net loans & leases
  • $17,439Loan loss allowance
  • $0Trading account assets
  • $15,411Bank premises and fixed assets
  • $5,259Other real estate owned
  • $0Goodwill and other intangibles
  • $898,103Life insurance assets
  • $42,794All other assets
  • $797,974Total liabilities and capital
  • $666,356Total liabilities
  • $643,314Total deposits
  • $666,356Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 9611.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $119,000Trading liabilities
  • $0Other borrowed funds
  • $3,007Subordinated debt
  • $100,129All other liabilities
  • $100,129Total equity capital
  • $100,129Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $8,000Surplus
  • $88,129Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,910Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,949Income earned, not collected on loans
  • $7Earning assets
  • $2,905Long-term assets (5+ years)
  • $820,418Average Assets, year-to-date
  • $298,092Average Assets, quarterly
  • $947,971Volatile liabilities
  • $912,415Insider loans
  • $649,378FHLB advances
  • $912,304Loans and leases held for sale
  • $15,291Unused loan commitments
  • $886Tier 1 (core) risk-based capital
  • $93,512Tier 2 risk-based capital
  • $14,405Total risk weighted assets
  • $0Total unused commitments
  • $54,287Restructured Loans and leases
  • $9,192Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $42,132Total interest income
  • $13,493Total interest expense
  • $28,639Net interest income
  • $13,368Provision for loan and lease losses
  • $6,214Total noninterest income
  • $1,395Fiduciary activities
  • $2,867Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,952Additional noninterest income
  • $22,686Total noninterest expense
  • $12,528Salaries and employee benefits
  • $3,528Premises and equipment expense
  • $6,630Additional noninterest expense
  • -$1,201Pre-tax net operating income
  • -$25Securities gains (losses)
  • -$1,196Applicable income taxes
  • -$30Income before extraordinary items
  • $0Extraordinary gains - net
  • -$30Net income attributable to bank
  • $0Net charge-offs
  • -$30Cash dividends
  • $12,692Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 3.30%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • -0.00%Net operating income to assets
  • -0.00%Return on assets (ROA)
  • -0.13%Pretax return on assets
  • -0.03%Return on equity (ROE)
  • -0.03%Retained earnings to average equity (YTD only)
  • 2.35%Net charge-offs to loans
  • 105.33%Credit loss provision to net charge-offs
  • 0.96%Efficiency ratio
  • 65,091Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.37%Loss allowance to noncurrent loans
  • 38.80%Noncurrent assets plus other real estate owned to assets
  • 5.59%Noncurrent loans to loans
  • 8.67%Net loans and leases to deposits
  • 75.15%Net loans and leases to core deposits
  • 90.97%Equity capital to assets
  • 11.15%Core capital (leverage) ratio
  • 10.25%Tier 1 risk-based capital ratio
  • 14.40%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $947,971Average earning assets
  • $99,904Average equity
  • $868,581Average 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
  • $199,538Managed Assets
  • 1Number of Accounts
  • $129,662Personal trust and agency accounts
  • $102,747Employee benefit-defined contribution accounts
  • $3,040Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $831Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $12,596Other fiduciary accounts
  • $10,448Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 207Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $69,876Other retirement accounts
  • $1,677Corporate trust and agency accounts
  • $11,315Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 15 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03260The First National Bank Of Shelby106 South Lafayette Street, Shelby, NC 28150January 01, 1874Full Service Brick and Mortar
    1205517South Branch528 South Lafayette Street, Shelby, NC 28150August 03, 1956Limited Service Facility
    3205519North Branch801 North Lafayette Street, Shelby, NC 28150November 01, 1971Limited Service Facility
    4205520Upper Cleveland Branch103 Piedmont Drive, Lawndale, NC 28090May 22, 1989Full Service Brick and Mortar
    5205521South Cleveland Branch1531 South Port Road, Shelby, NC 28150July 20, 1992Full Service Brick and Mortar
    6205522West Cleveland Branch208 North Main Street, Boiling Springs, NC 28017October 05, 1993Full Service Brick and Mortar
    7205523Highland Branch1145 East Marion St, Shelby, NC 28150December 16, 1996Full Service Brick and Mortar
    840909Kings Mountain Branch300 West Mountain Street, Kings Mountain, NC 28086January 01, 1907Full Service Brick and Mortar
    9264874529 S. New Hope Road Branch529 S. New Hope Road, Gastonia, NC 28054June 30, 1986Full Service Brick and Mortar
    102648751238 E Dixon Blvd Branch1238 E Dixon Blvd, Shelby, NC 28152June 30, 1989Full Service Brick and Mortar
    11334377Bessemer City Branch3350 Bessemer City Road, Bessemer City, NC 28016December 28, 1999Full Service Brick and Mortar
    12439940Easton Gaston Branch5800 West Wilkinson Boulevard, Cramerton, NC 28032April 04, 2005Full Service Brick and Mortar
    13440451Rutherford County Branch109 Plaza Drive Extension, Forest City, NC 28043April 18, 2005Full Service Brick and Mortar
    14488802Lincolnton Branch2317 East Main Street, Lincolnton, NC 28092August 08, 2008Full Service Brick and Mortar
    16521810Rutherfordton Office Branch116 West Court Street, Rutherfordton, NC 28139July 01, 2010Full Service Brick and Mortar

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