The Little Bank, Incorporated in Kinston, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 60Total employees (full-time equivalent)
  • $312,748Total assets
  • $14,641Cash and due from depository institutions
  • $11,118Interest-bearing balances
  • $85,002Securities
  • $2,634Federal funds sold & reverse repurchase agreements
  • $196,976Net loans & leases
  • $3,898Loan loss allowance
  • $0Trading account assets
  • $2,546Bank premises and fixed assets
  • $918Other real estate owned
  • $0Goodwill and other intangibles
  • $312,748Life insurance assets
  • $10,031All other assets
  • $277,762Total liabilities and capital
  • $251,917Total liabilities
  • $215,367Total deposits
  • $251,917Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $845Subordinated debt
  • $34,986All other liabilities
  • $34,986Total equity capital
  • $34,986Total bank equity capital
  • $7,710Perpetual preferred stock
  • $24,439Common stock
  • $290Surplus
  • $2,547Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,871Income earned, not collected on loans
  • $0Earning assets
  • $982Long-term assets (5+ years)
  • $295,730Average Assets, year-to-date
  • $63,262Average Assets, quarterly
  • $306,471Volatile liabilities
  • $310,077Insider loans
  • $210,488FHLB advances
  • $308,309Loans and leases held for sale
  • $4,846Unused loan commitments
  • $4,846Tier 1 (core) risk-based capital
  • $34,316Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,557Restructured Loans and leases
  • $2,268Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,256Total interest income
  • $2,785Total interest expense
  • $10,471Net interest income
  • $1,200Provision for loan and lease losses
  • $1,110Total noninterest income
  • $0Fiduciary activities
  • $746Service charges on deposit accounts
  • $0Trading account gains & fees
  • $364Additional noninterest income
  • $6,875Total noninterest expense
  • $3,875Salaries and employee benefits
  • $572Premises and equipment expense
  • $2,428Additional noninterest expense
  • $3,506Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,249Applicable income taxes
  • $2,257Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,257Net income attributable to bank
  • $0Net charge-offs
  • $2,257Cash dividends
  • $1,136Sale, conversion, retirement of capital stock, net
  • $782Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.38%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 6.68%Return on equity (ROE)
  • 4.36%Retained earnings to average equity (YTD only)
  • 0.56%Net charge-offs to loans
  • 105.63%Credit loss provision to net charge-offs
  • 4.14%Efficiency ratio
  • 59,364Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.65%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 208.34%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 78.19%Net loans and leases to core deposits
  • 109.36%Equity capital to assets
  • 11.19%Core capital (leverage) ratio
  • 11.13%Tier 1 risk-based capital ratio
  • 16.30%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $306,471Average earning assets
  • $33,808Average equity
  • $289,068Average loans

List of branches

  • 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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