The Little Bank, Incorporated in Kinston, North Carolina (NC)



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The Little Bank, Incorporated
GeneralFDIC Certificate #: 34934
Status: Active
Federal Reserve ID: 2744782
Date Established: November 09, 1998
WWW: http://www.thelittlebank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 62053
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: November 09, 1998
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: 1101 West Vernon Avenue, Kinston, NC 28501
County: Lenoir
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
Core Based Statistical Area (CBSA): Kinston, NC (#28820)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $312.7 mil
Equity capital: $35.0 mil
Deposits held in domestic offices: $251.9 mil
Return on assets (ROA): 0.74% ($2.3 mil)
Quarterly return on assets: 0.70% ($2.2 mil)
Return on Equity (ROE): 6.68% ($2.3 mil)
Quarterly return on equity: 6.24% ($2.2 mil)
Net income: $2.3 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.14% ($3,565.3 mil)
Quarterly Pretax return on assets: 1.07% ($3,346.4 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)
Total employees (full-time equivalent)60
Total assets$312,748
Cash and due from depository institutions$14,641
Interest-bearing balances$11,118
Securities$85,002
Federal funds sold & reverse repurchase agreements$2,634
Net loans & leases$196,976
Loan loss allowance $3,898
Trading account assets$0
Bank premises and fixed assets$2,546
Other real estate owned$918
Goodwill and other intangibles$0
All other assets$10,031
Life insurance assets$312,748
Total liabilities and capital$277,762
Total liabilities$251,917
Total deposits$215,367
Interest-bearing deposits$251,917
Deposits held in domestic offices$77
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$25,000
Other borrowed funds $0
Subordinated debt $845
All other liabilities $34,986
Total equity capital$34,986
Total bank equity capital$34,986
Perpetual preferred stock$7,710
Common stock$24,439
Surplus$290
Undivided profits $2,547
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 $1,871
Earning assets $0
Long-term assets (5+ years) $982
Average Assets, year-to-date $295,730
Average Assets, quarterly $63,262
Volatile liabilities $306,471
Insider loans $310,077
FHLB advances $210,488
Loans and leases held for sale $308,309
Unused loan commitments $4,846
Tier 1 (core) risk-based capital $4,846
Tier 2 risk-based capital $34,316
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $27,557
Derivatives$2,268
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,256
Total interest expense $2,785
Net interest income $10,471
Provision for loan and lease losses $1,200
Total noninterest income $1,110
Fiduciary activities $0
Service charges on deposit accounts $746
Trading account gains & fees $0
Additional noninterest income $364
Total noninterest expense $6,875
Salaries and employee benefits $3,875
Premises and equipment expense $572
Additional noninterest expense $2,428
Pre-tax net operating income $3,506
Securities gains (losses) $0
Applicable income taxes $1,249
Income before extraordinary items $2,257
Extraordinary gains - net $0
Net income attributable to bank $2,257
Net charge-offs $0
Cash dividends $2,257
Sale, conversion, retirement of capital stock, net $1,136
Net operating income $782
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.59%
Cost of funding earning assets 0.96%
Net interest margin 3.62%
Noninterest income to earning assets 0.38%
Noninterest expense to earning assets 2.38%
Net operating income to assets 0.74%
Return on assets (ROA) 0.74%
Pretax return on assets 1.14%
Return on equity (ROE) 6.68%
Retained earnings to average equity (YTD only) 4.36%
Net charge-offs to loans 0.56%
Credit loss provision to net charge-offs 105.63%
Efficiency ratio4.14%
Assets per employee$59,364
Cash dividends to net income (YTD only)5.21%
Condition Ratios (%)
Loss allowance to loans 34.65%
Loss allowance to noncurrent loans 1.94%
Noncurrent assets plus other real estate owned to assets 208.34%
Noncurrent loans to loans 0.89%
Net loans and leases to deposits0.93%
Net loans and leases to core deposits 78.19%
Equity capital to assets 109.36%
Core capital (leverage) ratio 11.19%
Tier 1 risk-based capital ratio 11.13%
Total risk-based capital ratio 16.30%
Memoranda
Average assets$18
Average earning assets$306,471
Average equity $33,808
Average loans $289,068
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6 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
062053The Little Bank, Incorporated1101 West Vernon Avenue, Kinston, NC 28501November 09, 1998Full Service Brick and Mortar
1356979Goldsboro Branch201 North Center Street, Goldsboro, NC 27533March 30, 2000Full Service Brick and Mortar
2365619La Grange Branch101 South Caswell Street, La Grange, NC 28551October 01, 2002Full Service Brick and Mortar
3419518Jacksonville Branch118 Western Boulevard, Jacksonville, NC 28546November 16, 2002Full Service Brick and Mortar
4424263Red Banks Road Branch1011 Red Banks Road, Greenville, NC 27858October 27, 2003Full Service Brick and Mortar
6470786New Bern Branch580 Mccarthy Boulevard, New Bern, NC 28561December 17, 2007Full Service Brick and Mortar
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